MINING.COM

Fastest-growing gold ETF using fee war to redefine industry

GraniteShares Gold Trust founder, Will Rhind, is in the midst of a fee war with his former employer and other ETFs that’s helped boost his fund’s value to $458 million, from less than $12 million a year earlier.

Bloomberg News | February 11, 2019 | 6:36 am

Peruvian authorities looking into possible tailings dam spill at Southern Copper’s Cuajone mine

The country's environmental agency OEFA detected a "flow of a greenish solution" into the nearby Torata River in the waste deposit area of the copper mine, located in the Moquegua region.

Cecilia Jamasmie | February 11, 2019 | 6:00 am

Russia’s Polyus reports jump in profit on rising gold sales

The country's largest gold producer reported a 20% jump in fourth-quarter adjusted net profit to $291 million compared with last year, lifted by increased production and rising sales of the metal.

Reuters | February 11, 2019 | 5:00 am

China iron ore rises to record on concerns over Brazilian supply

China iron ore futures rose to a record on Monday, the first session after a week-long national holiday, on concerns that supply from Brazil, the country's second-largest ore supplier, may decline after a fatal dam accident at a Vale mine.

Reuters | February 11, 2019 | 4:28 am

Tanzania row overshadows Acacia’s upbeat output, cost figures

Shares in the gold miner are up more than 50% since September when Barrick said it was buying Randgold Resources and when Mark Bristow was named as chief executive, taking over as head of the merged entity from January.

Reuters | February 11, 2019 | 4:00 am

World’s top uranium miner Cameco in no hurry to resume production

The company says it has seen a significant improvement over the past year, with prices up about 20%, but believes conditions are not where they need to be to restart idled capacity.

Cecilia Jamasmie | February 11, 2019 | 3:30 am