Iron ore price retreats as China’s zero-covid policy clouds demand
Investors had been optimistic more aid was on its way to revive construction projects but none was forthcoming during a key Politburo meeting.
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Codelco posts 35% drop in H1 pre-tax profit, production falls
The miner produced 736,000 tonnes of copper between January and June, a 7.5% fall versus the first half of 2021.
London’s High Court rules against Venezuela’s Maduro in $1 billion gold battle
Legal experts have said the case has been unprecedented as it has seen one country's highest courts interpreting the constitution of another.
India launches first international bullion exchange to bring transparency
India International Bullion Exchange could lead to standard gold pricing in India.
Debswana diamond sales jump 54% in first half of 2022
Sales were driven by strong jewelry demand in the US market.
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.
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%.