US exchange operator CME Group on Tuesday announced a new gold futures contract to combat price volatility caused by the shutdown of gold supply routes, but traders and bankers said it would not immediately calm markets. Gold prices in London and New Y…
CME’s new contract no quick fix for gold market turmoil, traders say Read More »
Peru may be on track to record its first annual economic contraction in over two decades as the world’s second largest copper producer is hammered by the impact of a global coronavirus pandemic hurting commodities demand. Around the country miners have…
Coronavirus threatens copper giant Peru’s 21-years of growth Read More »
China’s first iron ore futures-based exchange traded fund (ETF) has raised $11-million from institutional investors and clients at private banks, according to the manager of the fund, which will list in Hong Kong on Friday. The ETF, managed by the Hong…
China’s first iron-ore futures ETF raises $11m ahead of Friday debut Read More »
South African power utility Eskom said on Wednesday that coal stocks at its power stations were healthy, with at least 20 days of supplies at all stations, before a nationwide lockdown over the coronavirus outbreak starting at midnight on Thursday. Esk…
South Africa’s Eskom says coal stocks healthy ahead of lockdown Read More »
Colombian mining companies, including coal producers Cerrejon and Drummond, will reduce operations to slow the spread of coronavirus, the sector’s guild said on Tuesday. Some 15 000 workers directly employed in the industry will stop working, as will 1…
Colombia mining companies to reduce operations due to coronavirus Read More »
Poland’s climate ministry has allowed State-run energy group PGE to extend operations at its open-pit lignite coal mine in Turow by six years, a decision likely to dismay environmental campaigners. Poland generates most of its electricity from coal and…
Poland allows PGE to extend brown coal production in Turow Read More »
Miner First Quantum Minerals is considering selling a minority stake in its flagship Cobre Panama copper mine to reduce debt, two banking sources familiar with the discussions said. First Quantum’s possible move comes as global miners scramble to bolst…
First Quantum eyes stake sale in Panama mine – sources Read More »
A slide in copper demand as much of the world’s manufacturing sector is disrupted by the coronavirus outbreak is expected to fuel a surplus this year of up to a million tonnes in what was expected to be a balanced market. Most analysts are still revisi…
Rupture of copper demand to fuel surplus as industry hit by virus Read More »
A slide in copper demand as much of the world’s manufacturing sector is disrupted by the coronavirus outbreak is expected to fuel a surplus this year of up to a million tonnes in what was expected to be a balanced market. Most analysts are still revisi…
Rupture of copper demand to fuel surplus as industry hit by virus Read More »
Chilean copper miner Codelco said on Monday that the drop in copper prices has put some of its projects "at risk." The miner, the world’s largest of the red metal, said in a letter sent to all its workers that the significant decline "casts…
Chilean miner Codelco says copper price fall puts projects ‘at risk’ Read More »
