Asia Gold – Higher prices and holiday season keep buyers at bay
For the next few weeks demand will remain subdued. Overseas suppliers and even some jewellers will take a break for year-end celebrations.
Latest Stories
South Africa’s Transnet hopes to re-open one closed coal export line on Saturday
South Africa's Richards Bay Coal Terminal (RBCT) exported a record 76.47 million tonnes of coal in 2017, and aims to export 77 million tonnes this year.
Freeport Indonesia has new mining permit valid to 2031
The permit given to PT Freeport Indonesia is valid up to 2031, and could be extended another ten years.
Lucapa Diamond locks in Mothae mine funding
The Australian diamond miner has secured 100 million rand (about $7m) in development funding for the Lesotho mine from South Africa’s Industrial Development Corporation (IDC).
China aluminium firms to cut 800,000t of capacity in coming months – official
Operating pressure on smelters is "reaching the extreme limit" even worse than in the fourth quarter of 2015.
Eight months and millions later, Anglo American restarts Minas Rio mine
The massive iron ore mine was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes of the steelmaking material.
ePower Metals buys Magenta cobalt project in Mexico
Magenta hosts numerous high-grade cobalt/gold/silver/nickel vein and skarn style deposits.
Tasman Mining to bring historic New Zealand mine back into production
The Blackwater mine was once the most prolific mine in the Reefton Goldfield, producing 700,000 ounces of gold between 1908 and 1951.
First Quantum Minerals to let 2,500 workers in Zambia go over tax hikes
The Canadian miner said the job cuts will be implemented in phases during the first quarter of 2019, adding they’ll be equally split between its Kansanshi and Sentinel mines.
