Shares jumped after the company said it had submitted additional technical studies to environmental and natural resources authority for permitting approval at its La India project.
Donald Trump’s attempts to re-balance global trade have already sent the metals world into a tizzy and as countries respond to U.S. tariffs and sanctions, the disarray is set to increase.
Gold production for the three months to June dropped 36% to 133,778 ounces as operations at two its three mines - Bulyanhulu and Buzwagi – were scaled back.
The sale of Vale stakes has been a subject of market speculation since the world's largest iron ore miner moved to a single class of stock in October. Mitsui currently holds a 5.51 percent stake in Vale.
Beijing Electric Vehicle Co.,is preparing for a stock-market listing and starting a battery-swap service to reduce customers’ range anxiety and keep up with similar offerings from rivals.
Goldman Sachs Group Inc. has poured cold water on the notion that a trade war between the U.S. and China represents a serious threat to raw materials, saying most of them aren’t likely to be significantly impacted.