Strong fundamentals will lift the price, but all bets are off if the many ETF investors who bought between $20–$30 lose confidence and start liquidating en masse.
Oceanagold (TSX, ASX:OGC), an Australia-based gold producer, will start winding down its New Zealand mines to focus on lower-cost production in the Philippines, where it runs the Didipio copper-gold mine north of Manila.
Active production at the Canadian Bloom Lake iron ore mine has completely ceased, and the sale of the firm's its struggling coal division has been completed.
The court refused to consider the appeal on procedural grounds. Chile's environmental regulator will now have to re-evaluate the administrative fines for over $16 million it imposed on the project.