Argentina: End of currency controls will be good for mining
President-elect Mauricio Macri will lift the clamp-down on dollar purchases by out-going president Cristina Fernandez, as early as December 14.
President-elect Mauricio Macri will lift the clamp-down on dollar purchases by out-going president Cristina Fernandez, as early as December 14.
Gold price surges 2.6% in heavy trading as hedge funds with record-breaking bearish bets scramble to cover shorts.
It hit $39.40 a tonne, the lowest price ever recorded by price assessor The Steel Index (TSI), which began compiling data in 2008.
The price of iron fell again on Thursday stopping barely above $40 a tonne, but Rio's new high-grade Pilbara mine will ensure its costs keep falling.
Following a heavy selloff in November, iron ore is down another 7% just this week with no support in sight.
Gold price down to February 2010 levels after Fed chair lays ground for first rate hike in nine years.
Concentrations of metals in Rio Doce river after catastrophic dam burst "do not significantly differ" from tests by Brazilian Geological Service in 2010.
Large scale speculators in gold futures enter unprecedented bearish positioning ahead of first rate hike in nine years.
World's five largest mining companies together have lost an astonishing $570 billion in market value since 2011–the worst period of performance since 1966.
Big three close to falling victim to their own scorched earth strategy.