Central bankers make rare comments in favor of bigger gold stash

Reserve managers from the central banks of Mexico, Mongolia and Czech Republic on Monday sang the praises of bigger holdings.

Bloomberg News | October 15, 2024 | 7:50 am

Freeport Indonesia halts copper cathode output at Manyar after fire

The $3.7 billion copper smelter was completed in June and started output in September.

Reuters | October 15, 2024 | 7:35 am

India says UAE will look into issue of higher precious metal exports to India

India raised the issue of higher imports of silver products, platinum alloy and dry dates.

Reuters | October 15, 2024 | 7:31 am

Philippines’ top coal producer plans $5 billion mine expansion

The company has proposed to the Department of Environment and Natural Resources a five-year spending plan that includes capital expenditures, production costs, and operating expense.

Bloomberg News | October 14, 2024 | 10:47 am

Fire at Freeport Indonesia’s Gresik smelter under control, company says

The $3.7 billion copper smelter was completed in June and was expected to produce first batch of output in September.

Reuters | October 14, 2024 | 7:59 am

MBK, Young Poong secure over 5% stake in Korea Zinc

MBK and Young Poong had conducted a tender offer to purchase up to 14.6% of Korea Zinc shares, for an estimated price tag of up to $1.85 billion.

Reuters | October 14, 2024 | 3:41 am

Value of top 50 mining companies jumps to second highest on record

World’s 50 biggest miners now worth $1.5 trillion, up $76 billion during Q3 as gold miners climb the rankings and Chinese mining stocks get a late boost.

Frik Els | October 14, 2024 | 3:10 am