Asia gold – lower prices, festive demand boost purchases in India, Singapore
Gold demand was robust in India and Singapore this week as a correction in prices ahead of a key gold-buying festival boosted purchases.
Latest Stories
Zambia’s finance minister says tax reforms needed to cut debt
The proposed tax change in Africa's second biggest copper producing nation has upset the mining community.
Scientists decipher the origin of Nevada’s ‘fool’s gold’
Fool’s gold is very common in the Carlin-type gold deposits that are found in Nevada.
CIBC is first quarter’s top mining dealmaker
The Canadian bank advises on deals worth $18.7B as fewer, bigger deals lift mining M&A 6.3% in Q1.
30-year study shows dramatic drop in infant mortality near sub-Sahara gold mines
The mortality rate drops during the investment of large-scale gold mining and continues to fall following the mine opening, the research finds.
Australian battery materials plant eyes financing deal by end-June
Australian Mines aims to produce 53,300 tonnes of nickel sulphate and 8,500 of cobalt sulphate a year, making it a sizeable producer of the materials used in lithium batteries for electric vehicles.
Miners in Congo face subcontracting limits under new rules
The new mining code that Congo passed last year confirmed that subcontracting in the mining industry will be limited to companies of which the majority of capital is held by Congolese.
Base metals give ground as manufacturing clouds darken
London Metal Exchange (LME) copper slumped 3% on Wednesday and has slid further to a three-month low.
Rio Tinto speeds up exploration at Winu copper find in Western Australia
Rio has so far drilled 24 holes at the site and will continue extensive drilling in months to come as part of its $250 million exploration program.
