Mining M&A stokes coal race against cleaner power

A dollar invested in gold 51 years ago is now worth $2,314, $172 more than the return pegged to the Bloomberg Treasury index.

Weak spot demand, robust imports and rising domestic output have combined to keep China's exchange inventories high.

The metal surged to an all-time high above $11,000 a ton on Monday, followed by a slump of 4.1% on Wednesday.

Until now, Indonesia has not produced a significant amount of the metal in high-purity form traded on the LME.

Its Copper Creek project in Arizona is labelled as one of the largest undeveloped copper projects in the US.

The company is already working with Centerra on the Hunter project in Quebec.

China last Friday announced "historic" steps to stabilize its crisis-hit property sector.

India's gold imports in 2024 could fall by nearly a fifth from the previous year.

The offering will help fund near-term growth initiatives at its Copper Mountain unit.