November 6, 2018

October inflows to gold-backed ETFs up as investors hedged risk -WGC

Worst October since the 2008 financial crisis.

November 6, 2018

European automakers BMW, Volvo to trial new LME steel contracts

Industry sources say automaker interest bodes well for the contracts, but new contracts usually take years to gain traction and a lack of interest from steelmakers could slow the process.

November 5, 2018

IAMGOLD considers two mine plans in Côté feasibility study

The extended plan increases the mine life by two years, raising production to 372,000 oz. gold per year and all-in sustaining costs to US$703 oz. gold per year.

November 4, 2018

Iraq’s Kurds add capacity to oil pipeline to export Kirkuk crude

The link’s capacity increased to 1 million barrels a day from 900,000.

November 2, 2018

Russian steelmaker MMK delays decision on Turkish plant restart

One of Russia's largest steel producers has postponed a decision on the restart of hot-rolled steel production at its Turkish plant.

November 2, 2018

Russian steelmaker MMK cautious after strong quarter, delays Turkey project

While MMK said it sees stable demand for steel products in its markets, it warns that global steel prices could put pressure on results.

November 2, 2018

Almost a quarter of Antofagasta’s energy needs met by renewables

The Zaldívar copper mine in Chile, a joint venture between Antofagasta and Barrick, will be able to replace greenhouse gas emissions equivalent to 350,000 tonnes per year, or about 87,000…

November 1, 2018

Central banks continue to stock gold but ETF investors dump bullion

The World Gold Council found that gold demand reached 964.3 tonnes in Q3.

November 1, 2018

Japan aluminium roller UACJ removes Rusal from 2019 suppliers list-president

Japan's top aluminium rolling company is removing Rusal from its suppliers list for next year due to uncertainty over U.S. sanctions.

November 1, 2018

ArcelorMittal remains upbeat as US steel tariffs drive up prices

Arcelor reported a 42 percent year-on-year increase in third-quarter core profit (EBITDA) to $2.73 billion, roughly in-line with analyst expectations.