Miners’ profits face an unusual foe: extreme weather
It is an unusual situation for companies that have experience operating anywhere in the world.
Latest Stories
Copper price expected to rebound further, poll shows
News of more infrastructure projects and support for China's property market boosted copper prices this week.
Donlin Gold reports high-grade assays from 2022 drilling
The Donlin gold project hosts one of the largest and highest-grade undeveloped open-pit gold endowments in the world.
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.
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.
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%.