HSBC lost $200m in a day on paper as coronavirus dislocated gold market

Goldman Sachs report is the latest in a long line of grim warnings, all of which point to a future of shuttered power plants, mine closures, and bankruptcies.

The new stand-alone business unit will focus on ground support products.

The layoffs are on top of the 1,900 positions Finning decided to axe last year.

The surprise quarterly output decline offers some relief from a global glut of the steel-making ingredient that’s killing smaller competitors.

The spin-out from BHP Billiton says it is willing to take on the manganese ore venture if the price is right.

The miner is set to report fourth-quarter results after markets close on Wednesday.

They cover an area of 12,000 square km and could be rich in gold, iron ore, tin and tungsten, among others.

Gold miners to keep cutting cost, team up amid unusual market conditions that will continue boosting deals, says BMI Research.

Plutonic is the highest-cost of Northern Star's five mines, producing around 79,000 ounces last financial year at an all-in sustaining cost of $1550 an ounce.