Venezuela is home to rich gold deposits and holds billions of dollars of foreign reserves in gold bars in the central bank’s vaults. The question is, how much is there?
The answer has taken on added significance as beleaguered President Nicolas Madur…
In Maduro’s Venezuela, even counting gold bars is a challenge Read More »
South Africa’s government will announce within a month how it plans to fix Eskom Holdings, the embattled state utility that supplies more than 90% of the nation’s power. There are no easy remedies. The company is R419-billion in debt, is losing money h…
How South Africa could fix distressed Eskom Read More »
South Africa’s government will announce within a month how it plans to fix Eskom Holdings, the embattled state utility that supplies more than 90% of the nation’s power. There are no easy remedies. The company is R419-billion in debt, is losing money h…
How South Africa could fix distressed Eskom Read More »
The global iron-ore market was pitched into turmoil after Brazil’s Vale SA, the world’s largest producer, outlined plans to cut output after a deadly dam breach, buoying shares of rivals as investors weighed the impact of the disruption. Prices soared,…
Iron-ore rockets as Vale supply disruption convulses market Read More »
Vedanta’s Zambian unit will press ahead with expansion plans even as the government of Africa’s second-biggest copper producer increased mining royalties, and has undertaken not to fire any workers. The assurance by Konkola Copper Mines, following a me…
Vedanta’s Zambia unit says new tax regime won’t affect jobs Read More »
Brazilian police arrested three employees and two contractors for embattled mining giant Vale SA as an investigation into a dam rupture that has killed at least 65 and left a path of destruction in the state of Minas Gerais widens. The two contractors …
Brazil makes Vale arrests as Cabinet meets on fatal dam break Read More »
As the death toll continues to rise from a fatal accident at a dam owned by Vale, the Brazilian miner’s top management is coming under increased criticism in the highest levels of government.
"There must be punishment," Vice President Hamilto…
Vale’s management on thin ice as spill fallout snowballs Read More »
Think of it as a potential silver lining for investors. A burgeoning shortage of the precious white metal is promising to boost its price as 2019 rolls out.
Silver surged 9.1% in December, its biggest monthly gain in almost two years. This year, with …
Silver use beyond jewellery has bulls betting on shrinking supply Read More »
When Germany signed a deal last month to help Bolivia exploit its huge lithium reserves, it hailed the venture as a deepening of economic ties with the South American country. But it also gives Germany entry into the new "Great Game", in which …
In the new lithium ‘great game’, Germany edges out China in Bolivia Read More »
Caterpillar had the biggest quarterly profit miss in a decade as a China slowdown hit demand for its signature yellow construction and mining equipment.
The Deerfield, Illinois-based company also issued a 2019 profit forecast range which, at the low e…
Caterpillar profit misses as trade strains start to bite Read More »
