Gold rally, Chinese demand a boon to Canadian miners
EY says Canada could see a wave of new gold deals and mines built in the coming months on the back of strong bullion prices and improved demand for metals from China.
EY says Canada could see a wave of new gold deals and mines built in the coming months on the back of strong bullion prices and improved demand for metals from China.
The mining industry will increasingly lose dominance as a driver of Indonesia’s mineral exports, Fitch says.
The US Treasury agency has reduced the supply of gold and silver coins to distributors as the coronavirus pandemic has affected production.
Companies are expressing interest in the Western Forelands and Platreef projects.
Aluminium sales totalled 976,000 tonnes in April-June 2020.
Robert Friedland said Platreef is "among this planet’s largest precious metals deposits.”
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"It’s likely that miners will need to boost investment in local communities for some time as the full impact of covid-19 continues to play out."
Company says the expansion could save millions of dollars by lowering operating costs.
Palladium will average $2,050 this year and $2,138 in 2021, a Reuters poll showed.