Harmony Gold’s rebounding profits give hunt for acquisitions fresh impetus

It may come as little surprise to those who understand the "fear trade" and the "love trade" in gold, as Frank Holmes of US Global Investors likes to say.

Overall Chinese imports plummeted 16% in April as coal enters free-fall, but iron ore's decline was modest and copper shipments jumped 5%.

The company's shares have lost over 40% of their value since it first listed in 2011 on the London Stock Exchange.

The company now expects earnings before interest, tax, depreciation and amortization, which is a more closely watched metric than net income in the steel industry, to be between $6bn and $7bn.

Steelmaking raw material now up 28.7% from decade lows hit last month.

New supply from projects won’t be sufficient to replace production losses from aging operations, the World Silver Survey 2015 shows.

Mick Davis hasn't spent a cent of his $6bn, but private money and non-mining players' share of M&A has already doubled in less than three years.

Newmont Mining (NYSE:NEM) has sold its only mine in New Zealand, the Waihi gold mine, to OceanaGold (TSX, ASX:OGC), the companies announced last Thursday.

The failed deal was supposed to allow Turquoise Hill to finally break ties with the Mongolian coal miner that was once worth over $2.4 billion.