2,500 job cuts weren’t enough for world’s no. 2 platinum miner
Implats isn’t the only one facing difficulties, with about half of the industry’s production estimated to be unprofitable.
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BP is front-runner to buy BHP’s US shale unit
The London-based oil major has made the highest offer for the assets, which BHP prefers selling in a single package.
Canada’s Barrick, China’s Shandong Gold to deepen ties, look at acquisitions
Acquisitions in the metals mining sector have begun to pick up, with an increase in joint ventures between Western and Chinese mining firms.
Australia’s Yancoal halts Austar mine amid safety dispute
Yancoal said it will start standing down employees, and is aiming to redeploy most workers to other underground operations owned by the company.
CHART: Copper, nickel, zinc prices – plenty upside just to revert to mean
Even after two years of gains, industrial metals trade well below 10-year mean prices. Silver looks cheap, but gold, crude may be fully priced already.
Invesco turns to Trump playbook for signs of a metal rebound
Escalating trade conflict between the U.S. and China has sent industrial metals to oversold territory.
Pretium Resources roars back
111,340 oz of gold produced in the second quarter.
Tiger Resources’ $260M Congo asset sale to Chinese firm collapses
Tiger expects to release a new Life of Mine Plan for the assets in 6-8 weeks.
Private equity firm to deploy $550 million into mining sector
Targeting close or ready for production.