Glencore commits $45 million to restart First Cobalt refinery in Canada

The world’s largest gold miner by market value, posted adjusted earnings about 50% lower than last year’s.

The Vancouver-based firm also increased its cost reduction target to $300 million, up from the previous target of $250 million.

Alberta oil sands leak enters second month.

Totaling 5% of outstanding common shares.

The gold price fell the most in three weeks, taking gold stocks down with it.

The ruling was announced around 11:30 am ET in a press conference held by a local environmentalist group.

The three lawsuits against the miner over alleged shootings and gang rapes at a Guatemalan project will be allowed to proceed in Canada.

Federal environmental agency rejected the proposal in 2010.

Selling Barrick Energy for C$455 million.