Dollar knocks gold price below $1,200
A resilient dollar extended its rally thanks to strong US economic data that further made a Federal Reserve interest-rate increase next month as certain as death and taxes.
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Rio Tinto sells Scottish aluminum assets for $410 million
With this deal, Rio has now agreed to more than $1.3bn in divestments this year.
Why Mexico’s oil reform is a huge opportunity for investors
When a massive country de-nationalizes its entire energy sector and opens its oil and gas doors for the first time ever to foreign companies, the opportunities are staggering.
The true benefactor of President Trump’s “America’s Infrastructure First” initiative
Trump plans on investing several-hundred billions of dollars into rebuilding and repairing infrastructure across the US.
Iron ore price nudges $75
The fresh gains are partly down to strength in Chinese steel prices following further production cuts in the Northern China city of Tangshan, analysts say.
Platinum deficit will shrink this year
For those hoping for a strong uptick in the price of the precious metal, the World Platinum Investment Council does not offer reason to be sanguine.
Goldman bullish on commodities amid mining’s accelerating rally
Commodities are back in favour, boosting oil producers and miners after their annus horribilis of 2015.
Canadian rare earths mine to transport ore using airships
The unique hybrid airships will shuttle between Quest’s Strange Lake open pit mine in Northern Québec and Schefferville.
Congo gets firmer grip on Ivanhoe’s Kamoa-Kakula copper project
Canada’s Ivanhoe Mines and joint-venture partner Zijin Mining have transferred a further 15% interest in their Kamoa-Kakula copper project to the DRC’s government.