John Kuhns has been many things: an investment banker, a silicon smelter operator in China and a novelist. His sights are now set on an abandoned mine with an estimated $60-billion of gold and copper.
Kuhns is among a handful of people exploring for m…
The horse breeder, the novelist and the $60bn mine Read More »
Gold is once again showcasing its long-standing reputation as an effective haven in troubled times, trading near the highest close in more than six years on rising concern over the economic and human impact of China’s deadly coronavirus. Miners’ shares…
Gold parades haven status with rally to highest close since ‘13 Read More »
Cheaper natural gas prices this year are likely to cement Europe’s shift away from coal as a fuel for producing power.
Abnormally mild winter weather has cut demand for the fuel as a flood of new supplies entered the world’s biggest gas market. That a…
Cheap natural gas is about to kick more coal out of Europe Read More »
Gold jumped as the spread of the coronavirus globally spurred demand for haven assets.
Prices rose as much as 1.1% as risk-off sentiment swept markets, with equities tumbling and Treasures gaining. In the latest attempt at containment, China extended …
Safe havens shine as spreading virus spurs rush to buy gold Read More »
Copper saw its worst streak of losses since mid-2018 as more patients were infected by the deadly coronavirus in the US, spurring a sell-off in riskier assets while boosting gold’s haven appeal.
US officials are monitoring more than 60 people as they …
Copper sees worst losing streak since 2018 on virus fears Read More »
With its first commercial production around the corner, Lundin Gold is looking at options to grow – including acquisitions.
The company’s only asset, Fruta del Norte in Ecuador, will reach commercial production in the second quarter, CEO Ron Hochstein…
Lundin Gold CEO looking for acquisitions, open to a takeover Read More »
It’s been a rough haul for Freeport-McMoRan, but the future may be looking up.
In the past five years, the world’s largest publicly traded copper miner was forced to sell assets and shares to manage debt as it weathered fall-out from the collapse of …
Freeport looks poised to turn corner after five-year bumpy road Read More »
A Polish coal mining union chided one of its leaders for meeting climate activist Greta Thunberg as a misstep that undermines their efforts to keep coal as the country’s key source of energy.
The meeting — held in coal-dependent Poland earlier this m…
Greta Thunberg’s endorsement lands Polish coal miner in hot water Read More »
As palladium’s record-breaking rally makes guessing the size of stockpiles more important than ever, one thing at least is clear – they’re getting a lot smaller. Inventories held by producers, investors and users have been key to feeding a market that’…
Palladium’s fading stockpiles draw warning of prolonged deficit Read More »
PT Indonesia Asahan Aluminium has set a long-term goal of tripling its production capacity by expanding operations to the island of Borneo as it seeks to utilise the region’s abundant bauxite reserves.
The State-owned company known as Inalum plans to …
Indonesian mining giant seeks to triple aluminium production Read More »
