Indonesian tin miner PT Timah, the world’s second-largest producer, said it is temporarily reducing its production and will delay exports as the coronavirus outbreak has impacted demand for the metal.
"In the current situation, due to coronavirus …
Indonesia tin miner PT Timah cuts output, delays exports on coronavirus Read More »
S&P Global Platts, which produces an iron ore benchmark index, said on Monday iron-ore prices have been resilient and activity levels have remained healthy recently. On Sunday, the China Iron & Steel Association (CISA) had warned about speculat…
Iron-ore prices resilient, activity levels healthy – S&P Global Platts Read More »
A worker at AngloGold Ashanti’s Obuasi gold mine in Ghana tested positive for coronavirus on Sunday, the company said, the second known case of the virus at a mine site in Africa.
AngloGold Ashanti said operations at the Obuasi mine, where gold produ…
AngloGold Ashanti tightens quarantine policy after Ghana worker gets coronavirus Read More »
China Iron & Steel Association (CISA) warned about speculation risks in the market, as the trend for the iron-ore index was deviating from the supply and demand fundamentals and the spot market, the Xinhua official news agency reported on Sunday.
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China steel assoc warns of iron-ore speculation risks amid market fluctuations Read More »
Commodity group Glencore has temporarily closed down its London offices due to coronavirus, a Glencore spokesman said on Friday.
The spokesman said the move came after one of the company’s employees tested positive for coronavirus.
Glencore closes London office due to coronavirus Read More »
Brazilian miner Vale has included environmental, social and governance goals to the long-term variable compensation of its top management and resumed 2019 bonus payments, according to a securities filing on Saturday.
The move comes as Vale’s reputatio…
Vale adds sustainability goals to long-term compensation Read More »
Shares in South African petrochemicals group Sasol surged nearly 30% on Friday as a recovery in oil prices sparked buying of the stock, which was pummelled in the previous session. Brent crude prices rose over 3% on Friday after falling more than 7% th…
Shares in South Africa’s Sasol jump nearly 30% as oil price recovery sparks buying Read More »
Barrick Gold will look to spend $1.3-billion to extend the life of its Pueblo Viejo mine in the Dominican Republic beyond 2040, CEO Mark Bristow said on Wednesday, as the miner looks to wring more value from its existing assets.
The proposed expansion…
Barrick eyes $1.3bn lift at Pueblo Viejo gold mine Read More »
Uganda’s gold exports more than doubled in 2019 compared with the previous year, according to data from the central bank seen by Reuters on Wednesday. An official attributed the surge to soaring demand for bullion and larger refining capacity.
Uganda gold exports more than doubled to $1.2bn last year Read More »
Franco-Nevada, which provides miners and oil and gas producers upfront cash in exchange for future production, expects to see a 25% hit to revenue from its energy business this year as the global downdraft in crude prices takes a toll on output and dri…
Franco-Nevada sees 25% hit to energy revenue on falling oil Read More »
