Brazil’s Usiminas Q2 net profit falls 77% after forex losses
In the mining division, second-quarter iron ore sales rose 16% from a year ago.
Latest Stories
Research on earth’s ancient water cycle may shed new light on how largest gold deposits formed
A new study shows that water was transported much deeper in the early earth than previously thought.
Glencore flags cash tied up in record trading profits
The world’s biggest commodity trader is expected to report record profits next week, driven by surging thermal coal prices and record trading returns.
Eldorado Gold operating costs up more than 20% in Q2
The Canadian gold miner saw cash operating costs for the second quarter jump by 22%, while costs per ounce sold increased by 9%.
First global gold exchange in India seen burnishing hub role
The India International Bullion Exchange is expected to attract dealers, refineries and foreign banks, its CEO said.
Vale earnings disappoint as miners grapple with stagflation
Adjusted earnings before items came in at $5.25 billion in the second quarter, the Rio de Janeiro-based company reported Thursday.
Canada races ahead of US on current lithium project pipeline
Technology seen as key to unlocking economic new supplies across hard rock, brine and clay sources
US coal giants see surging sales as global prices reach records
Peabody Energy, the biggest US coal producer, saw second-quarter sales jump 83% to $1.32 billion.
JPMorgan’s gold ‘boss’ led group plot to spoof prices, jury told
Prosecutors are wrapping up the biggest criminal case by the US in its crackdown on market manipulation following the global financial crisis.
