Junior Mining News

Markets recap: Lira, EM currencies calmer; UK wages disappoint and EZ GDP beats

The markets were a little calmer in the first half of today’s session as the Turkish lira finally stopped falling, while the pound staged a short-lived bounce in the aftermath of mixed-bag UK data. The dollar was little changed, rising most notably against the yen thanks to the slight reduction in risk aversion. Stocks rebounded

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Ray Dalio’s Bridgewater keeps faith in gold despite its slide

By Bloomberg News (Bloomberg) — Billionaire hedge-fund manager Ray Dalio maintained his holdings in the two biggest gold-backed ETFs even as an investor exodus sent prices of the metal tumbling. As of June 30, Dalio’s Bridgewater Associates maintained its 3.9 million shares in SPDR Gold Shares, the largest exchange-traded funds backed by bullion, and 11.3

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South Africa’s mines minister concerned about Gold Fields job cuts

By Reuters JOHANNESBURG, Aug 14 (Reuters) – South Africa mines minister said on Tuesday he was concerned by bullion miner Gold Fields’ plan to cut around 1,100 jobs without due regard to processes outlined in the Mineral and Petroleum Resources Development Act. Mineral Resources Minister Gwede Mantashe said some companies were not meaningfully engaging with

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Copper price falls as China investment grows at slowest pace on record

By Frik Els Source: Bloomberg Copper continued to decline on Tuesday to touch its lowest in 13 months after disappointing economic numbers from top consumer China and the possibility of an averted strike at the world’s biggest mine conspired to push the price of the orange metal lower. Copper fell 2% to $2.6770 a pound

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