Kabanga, Tanzania to develop world’s largest nickel deposit

August futures on Comex on Friday climbed to a five-week high of $4.6965 a pound or $10,354 a metric ton.

Longer term, the metal has a chance to reach $12,000 due to the onset of rate cuts.

The company currently owns Indonesia's second-largest copper and gold mine.

Copper’s surge to a record on wave of speculative money has run out of steam in recent months.

Eramet is in talks for an ore supply agreement to a high-pressure acid leach plant run by the Chinese firm.

The company has halted operations at a mill at its zinc mine in Australia for about two months of repair work.

Some of the country's largest mining companies are copper producers, which means any foreign investment involving those miners would face intense scrutiny.

Trinity was formed from the merger of Africa’s largest tungsten mine and Rwanda’s two largest tin mines.

Investors are moving into gold equities from bullion, and the gold price may increase while central banks increase purchases as the US election approaches, BMO analysts said.