The Democratic Republic of Congo’s central bank plans to use the country’s updated mining law to buy dollars from mining companies in exchange for Congolese francs to shore up dwindling foreign currency reserves. The government’s demand for dollars is …
Congo plans dollar purchases from miners to bolster reserves Read More »
One of the world’s largest and most important energy industry gatherings was cancelled by organiser IHS Markit on Sunday amid mounting concerns about the coronavirus outbreak. It was due to start in Houston, US, on March 9.
CERAWeek has been an annual…
One of the world’s largest energy summits cancelled on virus Read More »
Members of the indigenous group at the center of protests that have threatened Canada’s economy in recent weeks have reached a proposed deal with the government regarding their grievances.
The potential agreement provides a way forward on issues inclu…
Canada native group, Ministers reach possible deal amid protests Read More »
In a high-tech twist on hammering pickets into the ground, the US State Department has launched an online tool aimed at staking America’s claim to many of the world’s rare-earth minerals.
The US has become increasingly concerned about securing a stab…
US launches tool to stake claim to world’s rare earth minerals Read More »
Even with gold at seven-year highs, there’s still room for more gains if history is anything to go by.
Prices have surged this year as haven-seeking investors pour in. Markets have been shaken by worries that the coronavirus outbreak will cripple glob…
History shows gold’s rally may only just be getting started Read More »
Goldman Sachs Group boosted its gold forecast to $1 800 an ounce as the coronavirus, depressed real rates and increased focus on the US election continue to drive demand for the metal as a haven.
The bank raised its 12-month projection by $200, and sa…
Goldman sees virus lifting gold to $1 800 as ‘last resort’ haven Read More »
Sherritt International, whose executives were once known as Fidel Castro’s favourite capitalists, proposed an out-of-court recovery plan that includes a reduction of 50% in the value of its bonds.
The Canadian miner, which has significant assets in Cu…
Sherritt offers 50% haircut for bonds in out-of-court recovery Read More »
Global investors are stashing more and more assets into gold as the coronavirus outbreak spreads and appetite for risk takes a hit.
The global tally of bullion in exchange-traded funds swelled by the most in more than a month on Tuesday as equities sa…
Gold-backed ETFs have never seen a run of inflows like this Read More »
Rio Tinto is refusing to set any targets for reducing the carbon emissions generated by its iron ore customers, taking a firm stance on an issue that’s quickly dividing the natural resources industry.
Instead, the mining company put the focus on its o…
Rio Tinto rejects setting targets for customers’ pollution Read More »
Rio Tinto Group’s CEO said the world must be prepared to sacrifice growth to achieve climate goals as the natural resources industry comes under increasing pressure to curb emissions.
“The challenge for the world, and for the resources industry, is to…
Rio CEO says world must sacrifice growth to meet climate goals Read More »
