Gold price drops from 19-month high with risk sentiment improving
Despite the latest setback, bullion is still up 9% on the year.
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Fresnillo’s results reflect impact of Mexico outsourcing ban
Covid-triggered staff absences and the country’s labour reform restricting the ability to subcontract workers, weighed on production.
Madagascar’s Ambatovy mine on track to deliver ‘no net loss’ of surrounding forest
Ambatovy has strived to conserve the surrounding forest by slowing deforestation driven by small-scale agriculture elsewhere.
De Beers latest sale shows diamond demand remains strong
The world’s top diamond producer by value sold $650 million worth of roughs in the second cycle, 18% more than in the same period last year.
US senators seek to bar Russia selling gold to dodge sanctions
Bill would impose secondary sanctions to anyone buying or selling Russian gold, in an effort to further weaken the ruble.
China’s coal mine safety problem is back at the worst time
A spate of deadly coal mining accidents to start the year is raising the specter of output-dampening safety checks in China just as global supply is tightening.
US ban on Russian energy imports does not include uranium
The US power industry relies on Russia and its allies Kazakhstan and Uzbekistan for roughly half of the uranium powering its nuclear power plants.
After 16 years, Vale’s big nickel bet is looking like a winner
In the heady days of the 2000s commodities supercycle, Vale made a $17 billion bet on a metal used mainly to make stainless steel.
With eye on metal prices, US cautious on possible sanctions of Usmanov companies
The United States last week imposed sanctions on the billionaire as part of several rounds of measures Washington has taken.