After decades of trading in the opposite direction as stocks, gold has become more positively correlated with equities amid concerns over a weakening dollar.
Billions of dollars of equity financing capital will be matched in a maximum proportion of four-to-one with low-cost debt from the Loans Programme Office.
One of the most storied projects of recent decades, Simandou, tucked away in Guinea’s mountainous south, lay in a state of suspended animation for years.