ArcelorMittal is selling LaPlace and Vinton steel plants in US
The steel giant has agreed to sell both operations to Black Diamond Capital Management for an undisclosed sum.
Latest Stories
Pre-1965 silver pocket change provides investors with an economic future
At the historic silver-to-gold ratio today of 79:1, silver below $16 is dirt-floor cheap compared to gold, also historically cheap at around $1,250.
Reasons why investors should place stakes on silver against gold
There are signs in the global market that in the near future silver will be more lucrative asset than gold, experts said.
Current oil price rally reaching its limits
Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily.
World’s No.1 copper miner Codelco posts historic loss of $1.4bn in 2015
For every penny copper prices drop, Codelco loses $36 million and Chile, the world's largest producing country, $50 million.
US judge rules Barrick Gold must face group lawsuit over Pascua-Lama mine
Class action claims that Barrick repeatedly and knowingly misled shareholders about whether Pascua-Lama complied with environmental regulations.
Petra Diamonds just sold this ‘exceptional pink’ gem for $15m
The 32.33-carats diamond was recovered in November from the firm’s Williamson mine in Tanzania.
Mitsubishi books almost $4bn in commodities-related write-downs
About $2.5 billion of the total write-down was on its stake in Chilean copper mining and smelting company Anglo American Sur.
Commodity bulls twisting in the wind
After rebound in sentiment, mining and metals sector increasingly vulnerable to outside shocks says new report.