Gold rush grips Asia despite near-record prices
Retail investors have been pouring money into the safe-haven asset, with the metal finding increased acceptance among younger buyers.
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US court receives offers for Citgo’s parent, credit bid submitted
The share auction was organized in Delaware to pay creditors including oil producer ConocoPhillips and miners Rusoro, Crystallex and Gold Reserve.
Chart: Codelco delivers worst month of copper output since 2006
The Chilean state behemoth struggles to maintain its status as the world’s top copper supplier.
Column: China’s strong iron ore imports contrast with weak steel output
China imported 102 million tonnes in May, marking a third straight month of arrivals of more than 100 million tonnes.
Solaris closes $39m financing for Warintza copper project in Ecuador
The net proceeds will be used primarily for exploration and infill drilling at the project and for regional exploration.
US imposes sanctions on Guyanese mining magnate over alleged fraud
The sanctions, which target three of Nazar Mohamed's companies as well as a Guyanese government official.
Deep contango in LME base metals signals weak nearby buying interest
Spot prices for copper and aluminum in London have moved to sharply deeper discounts to the three-month contract this week.
Elliott steps in to back faltering Canadian copper miner after bankruptcy
Before Monday’s bankruptcy filing, Nevada Copper had attracted two bidders though it failed to close a deal with either one.
Freeport-McMoRan looking for ways to expand copper production, CEO says
The company isn’t under pressure to follow rivals like BHP in seeking acquisitions, and will instead focus on innovation to grow production and lower costs, CEO Kathleen Quirk said.
