The great commodities boom of 2021 is facing its first big test
Commodities rally is wavering on worries about faster inflation, Federal Reserve hints at easing stimulus and China’s warning over measures to cool price spikes.
Gov. Scott Walker voted to ban copper and gold mining in Wisconsin two decades ago. Now he may be asked to lift the one of-a-kind prohibition as his fellow Republicans push to continue opening up the state’s north woods to mining.
After an 11% increase in 2017’s first quarter, the Canadian Mining Eye index dropped 7% in the second quarter, according to professional services firm EY.
The European Bank for Reconstruction and Development will acquire a 6.16 percent stake in the Canadian company for 1.4 million Canadian dollars ($1.1 million) to further its exploration in Mongolia.
Brazil-based mining company Votorantim Metais Holding SA filed on Thursday for an initial public offering in New York and Toronto, to tap into a wide base of investors betting on a long-term recovery in zinc, copper, lead and silver prices.
President John Magufuli also directed the central bank to buy the precious stone to boost reserves — the latest twist in a spat with mining firms over alleged tax evasion.