Trump trade war blows up big week for mining majors

Alexco Resource's Flame & Moth deposit has 1.5 million tonnes of mineralized material, above 500 grams per tonne.

For gold and silver it has been a week of two halves: first prices rallied to a peak on Tuesday, then declined to show net losses for the week on Wednesday for silver and Thursday for gold.

The World Gold Council predicts that India will import 850 to 950 tonnes of gold this year.

The move is seen by analysts as an attempt to strengthen the firm’s image.

Total worldwide budget for nonferrous metals exploration dropped to US$11.36 billion in 2014 from US$15.19 billion in 2013 — a 25% decrease.

Most people have the sense that the dollar isn’t worth what it used to be, but they may not grasp what this means in real terms.

Petroleum, met coal, iron ore production set new quarterly records. Fall in copper volumes not enough to dent 9% overall output growth.

Tough regulations and worries about reputation have made trading commodities a source of worries for bank bosses.

The giant copper miner is also planning to sell about $8 billion of bonds over the next five years to help finance a nearly $30bn investment program aimed to revamp its aging mines.