Gold price slides further on rising dollar

Gold ekes gain as economic data, global tumult spur Fed cut bets

Bullion has gained about 17% this year as many central banks adopt looser monetary policy in efforts to support their economies hurt by trade wars.

Bloomberg News | October 25, 2019 | 12:37 pm

Barrick Gold eyes more copper assets in Africa

Barrick CEO says Zambia mine worth more than $735 million

Barrick bought the operation as part of a $7 billion deal two months after copper prices peaked in 2011.

Bloomberg News | October 25, 2019 | 9:50 am

Pakistan in talks with Tethyan Copper to resolve $5.8bn dispute

Pakistan’s tycoons offer to take over former Barrick mine

Reko Diq has the potential to produce 200,000 tonnes of copper and 250,000 ounces of gold a year for more than half a century.

Bloomberg News | October 25, 2019 | 5:00 am

Coal power plants face $7.3 billion losses in Europe in 2019

Almost 80% of lignite and hard coal-fired generators will be unprofitable this year, a hit the industry is unlikely to survive without government help.

Bloomberg News | October 24, 2019 | 10:41 am

AngloGold flags annual earnings slump on lower sales

Gold’s rally drives a rush to one of metal’s final frontiers

Step aside Canada, Australia and South Africa: West Africa is fast becoming the hottest ticket in gold mining.

Bloomberg News | October 23, 2019 | 10:33 am

Nigeria pins hopes on first gold project to boost mining sector

Nigeria bid to boost mining gets help from West Africa gold rush

The western tip of the continent is seen as a new frontier as gold miners face a dearth of new discoveries globally.

Bloomberg News | October 23, 2019 | 9:08 am

Rio Tinto sees rosy future for diamonds despite end of Argyle

Jewelers are already nostalgic for the end of pink diamonds

The Argyle mine is set to close at the end of next year, now that its supply of economically viable jewels has been exhausted.

Bloomberg News | October 22, 2019 | 12:31 pm

Australia lays out plan to make biggest polluters slash emissions

Investors with $11 trillion urge miners to cut lobby funding

In an open letter, investors including Aberdeen Standard Investments, M&G Investments and Legal & General Investment Management said that all lobbying by third parties should be consistent with mining companies’ views and producers should exit lobby groups if this isn’t the case.

Bloomberg News | October 22, 2019 | 9:28 am