A late rally in physical gold buying failed to prevent a drop in full-year demand last year to its lowest since 2009, the World Gold Council said, as weaker fund investment outstripped a bump in jewellery consumption.
Gold, copper prices gain as US blue chip index suffers worst points drop in history.
Some of the company’s international mining partners include major names such as Glencore, China Molybdenum and Ivanhoe.
Years of relentless stock-market rallying to endless new record highs have left gold deeply out of favor. But this gold-demand ebb is ending.
With a Life Cycle Services maintenance contract, the mine also experienced growth in the mechanical availability of its crushing process, with improvements of 0.6% on crushing line 1 and a increased availability of 2.1% on line 2. The improvements were achieved with zero accidents. Due to these achievements, Anglo American gave Metso the following award: “Commitment to Zero Harm and Living the Anglo American Way 2017”
DRC stuns miners with immediate lifting of 10-year exemption for licensees, 50% tax on 'super-profits' and code permitting 5-fold increase in cobalt royalty.
Norilsk Nickel said its production of palladium could decline in 2018, while output of nickel from Russian raw material would remain flat.
U.S. President Donald Trump’s decision to withdraw federal protections from millions of acres of Utah wilderness will reopen much of the iconic terrain to gold, silver, copper, and uranium land claims under a Wild West-era mining law.
Reuters reports Vale has hired bankers to put together world's first ever cobalt streaming deal worth up to $500 million at its Voisey's Bay mine in Canada.
Elman, 77, has watched another global commodity-trading powerhouse collapse before his eyes over the past year: his own.