Huge bets that gold could triple to $4,000 trade in New York
The gold options market saw $1.75 million in block trades betting the precious metal could almost triple in more than a year.
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Rio and Centre of Excellence to grow indigenous participation in minerals development in North America
Rio Tinto is the first resources company to join the partnership with a contribution of A$1 million over 5 years.
Lundin anticipates bump in base metals production, dividend
The company anticipates copper production to increase more than 20% in 2020.
First Quantum may team up with Rio Tinto to develop Peru copper mine
First Quantum owns the Haquira deposit in southern Peru and Rio owns the La Granja porphyry copper project in the South American country.
Plentiful supplies to hamper molybdenum’s price rally
Expectations are for the molybdenum market estimated at around 580 million lbs to be balanced or see a small deficit this year.
Vale to shutter Mozambique coal operations for 3 months
The move could have severe implications for the country’s balance of payments and currency, as coal is by far its biggest source of export earnings.
BHP’s Henry signals new technology a focus in first speech
Henry said a BHP team had built an Internet of Things sensor gateway, which collects real time data from sensors on mobile and fixed equipment.
Anglo American sells stake in Australian coal mine for $141m
A 12% interest in the Grosvenor coking coal mine is being acquired by a consortium of Japanese companies.
Orestone kicks off exploration campaign in Chile
Through its subsidiary, Cerro Golpe de Rayo, the Canadian miner will start exploring the Resguardo property.