PNG halts Ok Tedi copper mine over covid-19 cases

Barrick's off-loading half of the Kalgoorlie Super Pit and Newmont, its partner and operator of the iconic Aussie mine, would be the natural buyer.

The miner said its turnaround plan was “on track” as it slashed debt and beat earnings forecasts in the first half of the year.

With this jump, the commodity's gains are close to 9% for the week and almost 40% so far this year.

China Miners' Association want action against Vale, Rio Tinto and BHP Billiton for flooding domestic market with cheap ore.

CAT said commodity prices remain on the low end and had yet to translate into increased mining activity or higher demand for equipment.

Most of them have been after existing operations and companies, rather than trying to build mines from scratch.

The world’s third-biggest gold miner said its net earnings will also benefit from weaker operating currencies in South Africa, Brazil, Australia and Argentina.

It produced 86.82 million tonnes of iron ore in the April-to-June period, down 2.8% from a year earlier.

Australia’s largest mineral-sands producer, Iluka Resources, is seeing a turnaround in prices for its products.