Anglo American to cut hundreds of jobs at coal mines
Anglo and BHP's combined job cuts impact approximately 1,020 workers in Australia's coal sector.
Anglo and BHP's combined job cuts impact approximately 1,020 workers in Australia's coal sector.
Investors betting that a torrid rally in gold miners has room to run face a test of their conviction.
It plans to reduce operating costs by $1.4-$1.6 million monthly and cut 20% of it workforce at its Letšeng mine in Lesotho.
Stronger-than-expected US jobs data rattled markets on Thursday, sending gold prices lower as expectations for a near-term Fed rate cut faded.
Gold prices pulled back sharply following stronger-than-expected US jobs data—putting the brakes on hopes for a near-term Fed rate cut. To unpack […]
The selloff in gold comes after the latest US payroll numbers came in above analyst expectations, lowering the chances of a Fed rate cut.
The decline follows new US data that showed a largely stable labour market for the month of May.
Gold is up around 28% this year, just $150 below an all-time high.
Report identifies “a vast but unrealized potential for Canada to shift from exporting raw iron ore to value-added green hot briquetted iron."