Indiana Resources threatened legal action against Tanzania for alleged breach of contract after the East African nation amended its mining law. Indiana, which has a majority shareholding in Ntaka Nickel Holdings, delivered notices to Tanzanian authorit…
Mining companies threaten action against Tanzania over new law Read More »
De Beers is considering key changes to the way it sells diamonds as frustration mounts among its customers – a supposedly elite group that are now struggling to turn a profit. De Beers has signaled to its handpicked buyers that it may significantly red…
The elite De Beers diamond buyers club may get even smaller Read More »
Russia, the world’s biggest buyer of gold, is losing interest in the precious metal.
After spending an estimated $40-billion on gold in the past five years, the central bank is starting to rein in spending. It bought 149 tons of gold in the first 11 m…
Russia’s $40bn gold buying binge is slowing down Read More »
Russia, the world’s biggest buyer of gold, is losing interest in the precious metal.
After spending an estimated $40-billion on gold in the past five years, the central bank is starting to rein in spending. It bought 149 tons of gold in the first 11 m…
Russia’s $40bn gold buying binge is slowing down Read More »
The palladium rally continues to defy all expectations. The silvery-white precious metal, which is used in catalytic converters, has been on a tear this year that shows no signs of slowing down. It’s already notched a 20% gain for 2020. On Thursday, pr…
Palladium zooms past $2 300 as supply squeeze fuels rally Read More »
The palladium rally continues to defy all expectations. The silvery-white precious metal, which is used in catalytic converters, has been on a tear this year that shows no signs of slowing down. It’s already notched a 20% gain for 2020. On Thursday, pr…
Palladium zooms past $2 300 as supply squeeze fuels rally Read More »
Alcoa Corp’s bid to stem a year-long profit slide isn’t getting much help from an aluminum market that’s showing little promise of recovery.
The top US producer of the metal sees the aluminum market swinging to a surplus, adding more gloom to a slumpi…
Alcoa bid to stem losses runs up against world awash in aluminium Read More »
China has agreed to buy two types of rare earth metals from the United States as part of an initial trade deal inked on Wednesday, a move likely to boost US production of the strategic minerals.
The agreement, signed in Washington by Chinese Vice Prem…
China to buy rare earths from US as part of trade pact Read More »
Glencore is negotiating a long-term contract to ship cobalt to Tesla’s new electric-vehicle factory in Shanghai, according to people familiar with the matter. A deal would help Tesla avoid a supply squeeze on the key battery metal as it pushes into the…
Tesla in talks to buy Glencore cobalt for Shanghai car factory Read More »
Iran can have enough uranium to build a nuclear bomb by the end of the year, Haaretz reported, citing Israeli military intelligence assessments. According to the assessments, Iran doesn’t have a missile that can carry a nuclear warhead, and would need …
Israel report says Iran could have uranium for bomb by year-end Read More »
