Iran “standing down” drops gold price by most in nearly 7 years
$124 billion worth of gold futures traded in New York as price plunges 3.7% or $60 an ounce after Trump eases Iran war concerns.
$124 billion worth of gold futures traded in New York as price plunges 3.7% or $60 an ounce after Trump eases Iran war concerns.
Highlights include 68.1 metres of 361 g/t silver equivalent.
The move could rescue plans to dig the UK's largest mine in a generation and would bring Anglo back to the fertilizer market.
The Brazilian iron ore venture between BHP Group and Vale SA said it has yet to firm up its business plan.
After a tumultuous year, iron ore is expected to slide in 2020.
Shares are expected to stop trading in Toronto on Jan. 7 and in London on Jan. 8.
Company can complete a feasibility study on its project in British Columbia province in Canada within seven months
The company says it plans to update the resource again before the end of the first quarter of 2020 to incorporate 1,377 metres of infill drilling.
Iron ore futures rose for a fifth straight session on Friday, with the benchmark Chinese index hitting its highest in five months.
A public sale for assets originally valued at nearly CNY 25 billion ($3.5 billion) has failed, putting the firm at risk for a market de-listing.