As China goes, so goes industrial metals.
That’s the message from anxious investors rolling out of a rough 2018, when Trump trade tensions, Federal Reserve rate hikes, a strong dollar and an economic slowdown in China all combined to push the London …
Metal bulls cheer end to ‘horrid’ year; Goldman touts copper Read More »
Zambia threatened to cancel work permits for some foreign workers at mines that it accuses of announcing job cuts to "arm-twist" the government over proposed tax changes.
“They downsize the local workers, we also send back some of the foreign …
Zambia threatens to expel foreign workers over mine job cuts Read More »
The recent bounce in gold has so far happened without a similar move in silver. That might be about to change, according to Saxo Bank A/S.
Ole Hansen, head of commodity strategy at Saxo Bank, tracks the ratio of gold to silver and said the recent move…
Bulls lining up for gold means now may be a good time for silver Read More »
The biggest diamond ever found in North America has been unearthed by Dominion Diamond Mines and Rio Tinto Group at a mine in Canada’s frozen north. The 552 ct yellow gem was found at the Diavik mine in the Northwest Territories, and is almost three ti…
Miners find chicken-egg sized diamond in Canada’s frozen north Read More »
Nigeria’s first gold refinery, located in the southwestern state of Ogun, is scheduled to be completed by the end of June, according to Kian Smith Trade & Co, the local company developing it. The refinery will initially be able to produce 3 metric …
Nigeria’s first gold refinery scheduled to be ready next year Read More »
Paulson & Co has convinced shareholders of Detour Gold to overthrow the bulk of the Canadian miner’s board of directors, including its interim CEO, ending a nasty six-month proxy battle.
Five of the Paulson-backed nominees were chosen, while Detou…
Paulson wins control of Detour board in key shareholder vote Read More »
One of the largest investors in Hudbay Minerals plans to nominate a majority slate of directors at the company’s annual general meeting and propose a new CEO to improve performance.
Waterton Global Resource Management, which owns 10% of Hudbay Mineral…
Activist is said to plan to push for board overhaul at Hudbay Read More »
