India’s gold demand could fall to 3-yr low as prices hit record high
Bullion dealers and jewelers are reporting that sales have dropped to levels more than 50 percent below normal in the past 10 days.
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China copper importers seek new metal sources as scrap crackdown bites
China has been gradually curbing imports of scrap, which accounted for 10% of its copper use in 2018.
Death toll at Glencore’s mine puts spotlight on illegal mining
Workers will go to extreme lengths to break into mine sites in Africa, sometimes tunneling underneath walls or living underground to extract ore with a pick-axe.
Elliott-funded Avocet to shut shop in face of high debt
The miner, which has been making losses on an operating basis since at least 2013, had total debt of $32.2 million as at June 30, 2018.
Chuquicamata strike to dent Chile’s copper output
Analysts forecast a 2.8% decline in the country’s June copper output.
Oil rebound drives Canada’s best 2-month GDP gain since 2017
Canada recorded a second strong month of growth in April, driven by rebounding oil output.
Zambian court withdraws order blocking disposal of Vedanta unit assets
The case has intensified concerns among international miners about resource nationalism in Africa.
OceanaGold denies shutdown of Didipio copper-gold mine
Australia’s OceanaGold (ASX, TSX: OGC) said Friday that rumours about a halt of operations at its copper-gold mine in the Philippines were just […]
BHP settles dispute over iron ore royalties with Western Australia in $175m deal
Payment ends row over taxes allegedly owed by iron sales made through BHP’s Singaporean marketing arm.
