Gold’s been on a tear this year and 2020 may see more reward
BlackRock, the world’s largest money manager, remains constructive on bullion as a hedge, while Goldman and UBS see prices climbing to $1,600 an ounce.
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ICMM updates mine-community relations guide to reflect investors’ pressure
Improved guidance integrates the eight effectiveness criteria of the UN Guiding Principles on Business and Human Rights.
Palladium tops $1,900 as South Africa power cuts fuel supply woe
Palladium may “pause at $1,900 given some technical resistance, but overall the price could go higher.”
Anglo American cuts output targets for coal, iron ore and diamonds
While bullish on copper, the miner has also cut production guidance for 2020 to between 620,000 and 670,000 tonnes.
Madagascar to raise minerals taxes, take 20% stake in mining projects
Mining royalties would rise to 8% from 2% for raw precious stones. Rough industrial stones would attract a 6% royalty rate while cut industrial stones would be taxed at 3%.
StrikePoint close to completing acquisition of Skeena’s subsidiary
The Vancouver-based miner wants to get its hands on the Porter silver project in British Columbia.
GMV to run IP survey at gold project in Arizona
The Canadian miner engaged Zonge International to conduct the survey at the Mexican Hat gold deposit.
South African mines grind to halt as floods worsen power crisis
Sector is experiencing the largest power blackouts in more than a decade.
Barrick to sell stake in Senegal project to Teranga Gold for up to $430m
Massawa, one of the highest-grade undeveloped open-pit gold reserves in West Africa, is 20 km away from Teranga’s flagship Sabodala mine.
