A South African refinery has stopped shipping gold to London because of a lack of commercial flights, adding to the disruption that’s upending the physical bullion market.
South Africa’s Rand Refinery, the continent’s only gold refiner, said it’s expl…
South African gold shipments to London have been cut off Read More »
An extraordinary squeeze in the gold market has forced the main U.S. exchange to take action as the global pandemic shuts down physical trading routes just as investors are racing to buy the metal as a safe haven. Banks and traders typically ship gold …
Gold in historic squeeze as virus snarls trade and spurs demand Read More »
Vale SA is tapping into $5-billion in credit lines to boost its cash position as the coronavirus pandemic forces cutbacks at a time when the iron ore producer was working to recover from a dam collapse last year. Vale asked banks to disburse the lines …
Vale taps credit as virus heaps on strain after dam breach Read More »
Canada’s economic heartland is shutting down as Ontario and Quebec step up efforts to slow down the coronavirus outbreak. The two provinces, which together account for about 57% of the country’s economy, have ordered non-essential businesses to close b…
Canada’s economic heartland shuts down in effort to slow virus Read More »
Gold’s haven reputation took a serious beating, with prices tumbling as investors sought to free up cash amid a broad and devastating market rout.
Sound familiar?
Sure, it’s the story of gold for much of this month. But that’s only half the answer. I…
Gold investors are betting that it’s 2008 all over again Read More »
South Africa will close its mines for an unprecedented 21 days as part of a nationwide lockdown announced by President Cyril Ramaphosa in a race to contain the coronavirus. The move provides a stark reminder of the severity of the developing health cri…
South Africa orders mines to close in 21-day virus lockdown Read More »
Ecuador said on Sunday that its largest gold and copper mines would reduce the number of workers and scale back operations to a minimum as the country registers a rapid growth of coronavirus infections. The Fruta del Norte gold mine, operated by Canadi…
Ecuador’s largest gold and copper mines scale back as Coronavirus cases rapidly grow Read More »
A senior member of Burkina Faso’s government tested positive for the coronavirus, just days after another lawmaker became the West African country’s first casualty of the pandemic. Minister of Mines and Quarries Oumarou Idani developed symptoms after r…
Burkina Faso Mines Minister tests positive for coronavirus Read More »
South Africa’s government won praise for taking swift action to contain the coronavirus outbreak. It’s said little on how it plans to protect the economy. With just 61 infections on March 15, President Cyril Ramaphosa imposed travel bans, instructed sc…
South Africa economy silence contrasts with drastic virus steps Read More »
South African President Cyril Ramaphosa will meet with business leaders today as the government mulls relief measures to mitigate the impact of the novel coronavirus outbreak on the economy. The country has escalated measures to curb the spread of the …
Ramaphosa meets business leaders as virus spreads Read More »
