Huge Chinese state iron ore buyer still an unknown quantity
The firm that’s poised to upend the $160 billion global trade in the steel-making staple still doesn’t have a website, or any public contacts.
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Barrick reiterates 2028 first production for Reko Diq project in Pakistan
The project has been over a decade in the making and is said to boast world’s largest undeveloped copper-gold deposits.
Mexico says trade deal does not apply in Grupo Mexico mine labor dispute
A Mexican court ruled in favor of the workers' union in June, ordering Grupo Mexico to pay back wages and benefits.
Caterpillar soars to record as profit beat allays slowdown fears
Its stock rose as much as 8% Tuesday after the heavy-machinery maker posted earnings and revenue that both exceeded the highest analyst estimates in a Bloomberg survey.
Equinox calls Greenstone 85% complete, first gold pour in 2024
The project will be one of Canada’s largest gold projects, producing more than 5.0 million oz. of gold over its initial 14-year mine life.
China’s metals and mining investment overseas to hit record in 2023 – report
Chinese investments and new contracts in the metals and mining sector topped $10 billion during the first half of 2023, a 131% growth year-on-year.
Central bank gold buying hits H1 record, says WGC
Quarterly demand from central banks is in line with the longer-term positive trend, according to the World Gold Council.
Uranium price edges higher after Niger coup, further gains anticipated
Niger was the second-largest supplier of natural uranium to the EU last year.
Chinese investment in coal-based steel mills still running hot
Steelmakers received approvals from provincial authorities to invest about $100 billion in new coal-based mills over the past two-and-a-half years.