Egypt announced a new exploration tender for gold-mining, offering international companies a chance to bid on blocks in the eastern desert after revamping regulations that drew complaints from investors.
The first bid round since 2017 will be held fro…
Egypt seeks Midas touch with new gold-mining exploration tender Read More »
New Gold surged after forming an unusual partnership with Ontario Teachers’ Pension Plan that gives the miner $300-million in exchange for selling a portion of the free cash flow from its flagship operation.
Miners often sell rights to future producti…
Ontario teachers’ expands gold mining exposure with unusual deal Read More »
The world’s largest steel industry just sent out another warning flare as producers grapple with the coronavirus outbreak: nationwide stockpiles of reinforcement bar have swelled to the most on record. The surge is a reflection of the dislocation cause…
Record stash of steel in China as demand slammed Read More »
Eskom Holdings is battling to keep all the units of its biggest operational power plant open after being served with a compliance notice by South Africa’s environment ministry because of its high levels of air pollution. The indebted power utility has …
Eskom faces closure threat at biggest working power plant Read More »
Canada’s oil sands industry may have already built its last big mine.
The cancellation of Teck Resources’ Frontier project in northern Alberta — which envisaged producing more crude than OPEC member Gabon — epitomises the struggles of an industry th…
‘Nail in the coffin’: Era of big oil sands mines may be over Read More »
Gemfields Group’s Mozambican ruby operation said attackers torched its vehicle, less than a month after 11 people died when parts of a mine pit they had forcefully accessed collapsed on them. A “large group” ambushed the truck on February 22 with picka…
Gemfields Mozambique’s ruby unit reports attack on workers Read More »
Gold rose toward $1 700 an ounce, extending its rally to the highest in more than seven years, as investors pile into haven assets amid mounting worries that the coronavirus could turn into a global pandemic.
Italy’s financial hub is in virtual lockdo…
Gold zooms toward $1 700 as virus fuels a ‘plethora’ of concerns Read More »
Prime Minister Justin Trudeau’s government hopes to restart talks with Indigenous groups now that police have begun to clear a key rail blockade that has disrupted Canada’s economy for weeks.
Trudeau met with his top officials in Ottawa on Monday morn…
Trudeau seeks talks after Ontario protest broken up Read More »
Sibanye-Stillwater, the world’s top platinum miner, may consider targeting a future acquisition worth as much as $5-billion to expand its gold portfolio, potentially in North America.
Once the Johannesburg-based producer resumes dividend payments and …
Sibanye CEO eyes future gold M&A worth as much as $5bn Read More »
The coronavirus “took the legs out” of copper’s rally and is rattling everyone from miners to equipment suppliers, according to the head of the world’s largest publicly traded producer of the metal.
“Everybody is on edge, and they’re taking it very se…
‘Everybody is on edge’ with worry on virus – Freeport CEO Read More »
