Gold seen cracking $1,600 as Fed goes for cut, cut, cut, cut
Spot gold traded at $1,540 an ounce on Wednesday, up 20% this year.
Latest Stories
Impala Platinum delays job cuts due to improved earnings
Implats will also delay closing Rustenburg's shaft 12 by one year and shaft 9 by about six months.
Russia’s VTB won’t ‘harass’ mining firm Mechel over debts
Coal and steel producer Mechel, controlled by Russian businessman Igor Zyuzin, has asked its creditors for more time to make its debt repayments.
Chilean miner Mantos Copper secures $250m to finance concentrator expansion
The project extends the life of the open-pit mine until 2035 and reduces costs.
Chinese battery giant buys discount stake in Pilbara Minerals
CATL buys 8.5% of Australian lithium miner as part of $62m capital raising to fund Pilgangoora expansion.
Currie Rose reduces exploration expenditure for Rossland gold project
The companies have agreed to reduce the exploration expenditure to $500,000 from $750,000 for Stage 2.
Uncertainty in Asia pushing diamond prices down — report
Manufacturers refused about 50% of De Beers’ supply in August.
Canada’s Teranga kicks off production at Burkina Faso gold mine
The Wahgnion mine is the company’s second gold operation in West Africa.
The Chinese power grab: Tracking the complicated evolution of Sino-Congolese relations
Although Sino-Congolese relations dates back to the mid-1960s, China’s more palpable influence was marked by the 2008 infrastructure-for-minerals deal that attributed mining rights to China in exchange for substantial investment into the DRC’s war-torn infrastructure.
