Argentine minister says Chile, Peru mining models ‘a failure’

Company has decided to reconfigure the plan for its Turkey-based Kışladağ mine, which is its flagship operation.

With only a couple of exceptions, metal and mineral prices rallied in 2016 – see at a glance how far the industry has come.

Gold price jumps by most since September hitting one month high.

Congress has now the power to kill in one fell swoop dozens of regulations and executive orders recently issued by President Barack Obama.

Rather than ending 2016 on a strong note, the biggest surprise to many was the failure of gold to surge higher in the wake of Donald Trump’s election as the next president of the United States.

Analysts believe the upcoming Chinese New Year celebration will likely result in some physical restocking of metal in that country as well as India, the world’s top consumers.

Since Trump's victory investors in top physically-backed gold exchange traded fund GLD have dumped 136 tonnes, liquidating another 8 tonnes on Tuesday.

Hedge funds covering short positions prompt spike in gold price to three-week high on first full trading day of 2017.

Australian researchers say acacia trees and termites that thrive in arid climate conditions can guide explorers towards rich gold deposits.