A gathering of prospectors and mine developers in Toronto began with an upbeat mood, despite the spreading coronavirus. By the time it ended, reality set in, with signs of financing drying up.
The Bloomberg Industrial Metals Subindex Total Return has …
Coronavirus damps upbeat mood among miners as financing dries up Read More »
Gold just got a powerful boost from the Federal Reserve, with bullion extending gains in Asia after the US central bank’s emergency, virus-driven rate cut set off a collapse in ten-year Treasury yields to an all-time low.
Bullion prospers from low rat…
Gold handed a win with Powell’s cut hammering Treasury yields Read More »
Six coal states are pressing the Trump administration to wrap up an almost two-year inquiry into whether coal and nuclear plant retirements are threatening the electric grid.
In letters to the Federal Energy Regulatory Commission, which overseas US po…
Coal states urge Trump Administration to tackle plant closures Read More »
South Africa’s biggest labour federation said private pensions must be used alongside those of government workers as part of a plan to rescue the state power company from crippling debt and spur economic growth. The Congress of South African Trade Unio…
Cosatu urges private pension use to help to save Eskom Read More »
The deadly coronavirus that’s rattled markets since January won’t stop copper prices from surging to $3/lb this year, according to Chilean Mining Minister Baldo Prokurica.
The price of copper, often used as a barometer for the global economy, has drop…
Copper to rally to $3/lb once virus passes, Chile Minister says Read More »
Germany is taking its first steps to build an economy based on hydrogen instead of fossil fuels, seeking to deliver both green growth and to avoid being trapped by a small cartel of suppliers. Ministers have been quietly lining up deals with nations in…
Germany moves into hydrogen with lessons from Opec, Russia Read More »
The Congress of South African Trade Unions (Cosatu) expects a plan that it’s proposing to save Eskom Holdings from its debt burden to be ready within weeks, said the labor federation’s parliamentary coordinator. The labor group, an ally of the ruling A…
Cosatu expects its Eskom plan to be completed within weeks Read More »
Global economic growth will sink to levels not seen in over a decade as the coronavirus outbreak hammers demand and supply, challenging central banks and governments to respond to a fast-changing situation, according to the OECD. As central banks aroun…
Virus pushes the global economy closer to a contraction Read More »
The Associated Mine Workers Union of Zimbabwe reached a deal with the Chamber of Mines that will result in members’ salaries being almost tripled in the first quarter of 2020. “We managed to cobble out an agreement for the mining industry covering Janu…
Zimbabwe almost triples salaries for mineworkers, union says Read More »
After watching diamond sales plunge in 2019 as a crisis engulfed the industry, De Beers is taking action to help its struggling buyers. The middlemen who cut, polish and trade the world’s gems were at the center of a disastrous year for the diamond ind…
De Beers starts outlining plans to help its struggling buyers Read More »
