MINING.COM

Hungary boosts gold reserves 10-fold, citing safety concerns

Hungary’s central bank increased its gold reserves 10-fold, citing the need to improve its holdings’ safety, joining regional peers with relatively high ownership in the European Union’s east.

Reuters | October 16, 2018 | 1:24 pm

Copper smelter hits cause physical squeeze in Asia

The copper market is currently experiencing a squeeze on physical metal which is unexpected.

Reuters | October 16, 2018 | 12:53 pm

Second activist targets Detour; seeks board changes

US hedge fund Livermore Partners is calling for an overhaul of the board at Detour Gold Corp and a strategic review, becoming the second activist to target the Canadian mining company.

Reuters | October 16, 2018 | 11:58 am

Anglo American to restart operations at Minas Rio before year-end

Operations will resume before year end, but a planned ramp-up to 26.5 million tonnes per year is likely to be pushed back to 2021 from 2020.

Cecilia Jamasmie | October 16, 2018 | 11:40 am

How Nigeria can escape the natural-resource curse

Education and health are the way forward for Nigeria.

Bloomberg Opinion | October 16, 2018 | 10:29 am

Dutch battery maker to invest $1.9B in China cell factory

Dutch battery maker Lithium Werks BV, founded earlier this year, is investing 1.6 billion euros ($1.85 billion) in a massive lithium-ion cell factory in China as demand for batteries is surging.

Bloomberg News | October 16, 2018 | 9:59 am

United States seeking Mexican steel export quotas – negotiator

The United States is seeking to impose quotas on Mexican steel exports as part of a negotiation to remove metals tariffs.

Reuters | October 16, 2018 | 9:40 am

Global steel body hikes demand forecasts, but says risks remain

Steel demand expected to rise by 3.9% in 2018, but trade tensions are clouding global economic outlook.

Reuters | October 16, 2018 | 9:21 am

Vale rules out major acquisitions

CEO Fabio Schvartsman said the company would only invest further in nickel if global prices for the metal rise from $13,000 per tonne currently to around $20,000 per tonne.

Cecilia Jamasmie | October 16, 2018 | 9:05 am

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