August 21, 2018

Three companies from Canada, China, Russia bid for Serbian copper mine

Serbia's government said it was seeking a partner to invest at least $350 million in debt-laden RTB Bor.

August 20, 2018

Lucara Diamond moves forward with ‘stone by stone’ sales plan

Miner will include Sarine’s mapping and planning technologies into its sales platform, which applies algorithms to match rough diamond production with polished manufacturing demand on a stone by stone basis.

August 20, 2018

Metso is relocating its waste recycling business in Denmark

Metso has decided to relocate its' waste recycling business to new built factory and office facility in Denmark. Part of the relocating costs will be funded by selling the current…

August 19, 2018

Hedge funds turned record short on metals just before the rout

As U.S.-China trade tensions escalated mid-June, fast-money traders flipped to a short position in metals overall.

August 17, 2018

Turkish cenbank to allow gold for forex, location swap deals

The Turkish central bank will allow gold for foreign exchange and location swap deals in order to provide physical gold transactions.

August 17, 2018

Poland’s KGHM optimistic of meeting 2018 output plan

Poland's KGHM will achieve its 2018 copper production plan despite a fall in output in the first half of the year.

August 17, 2018

Russia’s government sees windfall tax on metals firms as impractical -ministry

The Russian government thinks it would be impractical to raise more taxes from metals and mining companies that are earning windfall profits.

August 17, 2018

Turkey tariffs hike on US goods threatens country’s coal imports — WoodMac

Wood Mackenzie predicts that, in the short term, demand for coal will fall due to its higher prices. In the longer term, the new tariffs will slow Turkish economic growth…

August 16, 2018

Copper producer KGHM’s profit halves in second quarter

KGHM said that second quarter net profit fell to 171 million zlotys ($45 million) and missed analysts forecasts of 361 million zlotys.

August 15, 2018

Russian miners explore payment schemes eschewing dollar

Russia favoured bilateral trade with all countries in their national currencies, rather than the dollar, but that the idea needed detailed work.