Eldorado Gold to sell remaining assets in China to Yintai Resources for $600 million
The deal marks the end of Eldorado’s reign in China.
Latest Stories
Mongolia to pay $70 million owed to Canada’s Khan Resources
Move comes on the heels of Rio Tinto’s decision to resume work on a $5.3 billion expansion of the Oyu Tolgoi copper mine, following a three-year delay due to disputes with authorities.
Lucapa to invest $7 million upgrading Lulo diamond mine in Angola
The mine hosts type-2a diamonds which account for less than 1% of global supply.
KGHM delays expansion of flagship mine in Chile, shares jump
Shares in Europe's second-largest copper producer jumped as much as 4.7% on Monday after posting earnings at overseas units that helped the Polish miner beat analysts estimates for the first-quarter profit.
Gold: Have your cake and eat it too
Investors love leverage.
Iron ore keeps dropping
Supply-demand fundamentals for iron ore appear to be moving back to balance amid steel supply concerns and after Chinese stock market regulators announced more steps to discourage speculative trading in the steelmaking commodity.
Platinum and palladium markets to go into deficit in 2016: GFMS
GFMS forecasts the platinum market will return to a small deficit in 2016 and the deficit in palladium will deepen.
Gold demand just had a major growth spurt
Negative interest rates and slow growth have fuelled investors' demand for gold in record-breaking fashion.
Five years on, BC mining industry still struggling
This year marks the fifth year B.C. mining has struggled through low commodity prices, and both capital spending and revenues continue to decline, according to a PwC report on the industry.