Monday mining massacre as gold, copper, iron ore prices tank
Gold price falls $70 an ounce, copper drops over 3% and iron ore rout accelerates, sending shares in major mining companies skidding.
Latest Stories
Gold miners insist they won’t splurge despite price surge
Miners are opting to give more cash back to shareholders rather than plotting takeovers.
Santacruz Silver shares up on Palisades investment
The resource-focused merchant bank will invest C$3 million in the silver junior.
‘Free money’ for banks as investors pile into fractured gold market
The world’s largest 50 investment banks are on track to double their income from precious metals this year.
Rio Tinto has not formally committed to review threatened sites, Aboriginal group says
Group says the company has not formally committed to review the terms of an iron ore mine development that would let it destroy 124 culturally significant sites.
Vale’s mining dams are still a risk, company must do more, Brazil prosecutor says
Prosecutors said the company has not complied with a number of commitments signed with authorities to prevent a new disaster.
Gold price near two-month low on Fed policy uncertainty
Spot gold dropped 3.3% to its lowest since late July, while US gold futures fell 2.7%.
Cobalt demand for 5G to challenge electric vehicles
The need for larger rechargeable batteries and more energy storage for 5G technology is expected to significantly boost demand for cobalt over coming years.
Gold investors take aim at miners with returns falling short
Prominent investors are seeking to make changes at gold mining firms to better align the interest of managers, boards and shareholders.
