$8bn mining private equity needs to be spent. And soon
Countercyclical investors sitting on $8 billion unspent funds have been waiting for clear signs of a market bottom. The wait may well be over.
Latest Stories
Pain for gold, silver price as hedge fund slash bullish bets
With gold near 2014 lows and silver not far off levels last seen in 2010, speculators are positioning themselves for another week of falls.
Guinea said in talks on $14 billion bauxite mine forsaken by BHP
China’s Shandong Xinfa Aluminum & Electricity Group is in talks with Guinea to invest $14 billion in a bauxite project abandoned by BHP Billiton said a government official with knowledge of the matter.
Seaborne iron ore market rallies as some buying returns
The seaborne iron ore market finally gained Friday after a steady period of weakening, tracking a small flow of buying interest ahead of Chinese holidays and a slight boost in steel prices.
China’s war on pollution is finally moving coal prices
The latest restrictions on production, consumption and imports could drive prices 10% higher by the end of the year.
Sibanye Gold in talks about possible South Africa job cuts
Sibanye has started talks with unions and other stakeholders about possible job cuts at its Cooke 4 mine to boost profits and productivity.
Currency mayhem
So far this has been mainly a race to the bottom, with the dollar on the side-lines.
Anglo American puts Peace River on care and maintenance
Anglo American is putting its Peace River metallurgical coal operation on care and maintenance. Operations at the Trend mine will cease at the end of 2014.
