Gold held its ground near the highest level in more than six years even as some appetite for risk crept back into equity markets, with investors on alert for Tehran’s next move in the showdown with the US.
Prices of the haven – which rallied 2.4% over…
Gold hangs tough near six-year high as Iran’s next move awaited Read More »
Chile’s government ruled out fresh funds for its strategic copper producer, as it plans to spend $3-billion this year to contain a wave of nationwide protests.
Codelco, as the world’s largest copper producer is known, needs billions of dollars to upg…
Chile shuns copper giant investment as social problems mount Read More »
Gold is almost guaranteed to record losses in the next two weeks, if history is any guide.
The 14-day Relative Strength Index for the yellow metal soared to 86 on Monday, well above the level of 70 that typically suggests securities are overbought.
Gold has been this overbought only three times in two decades Read More »
Samarco Mineracao has rejected creditors’ formal request to resume talks to restructure its defaulted debt, signaling heightened risks for bond holders, according to people with direct knowledge of the situation.
The Brazilian iron-ore venture betwee…
Samarco rebuffs creditors on resumption of debt talks Read More »
South African business activity fell to the lowest level in 14 months in December due to the deepest power cuts yet. A Purchasing Managers Index compiled by IHS Markit fell to 47.6 from 48.6 in November, the London-based data analytics company in a sta…
South African power cuts dim business activity in December Read More »
Gold surged to the highest level in more than six years as fast-rising tensions in the Middle East stoked demand for haven assets, with Goldman Sachs Group saying that bullion offered a more effective hedge than oil to the crisis. Palladium extended ga…
Gold hits highest since 2013 as Goldman backs bullion in crisis Read More »
Canadian shipments of crude by rail are poised to surge next year, spurring investment in new export infrastructure.
Crude-by-rail capacity in Alberta is expected to grow by 100 000 bbl/d in December after the provincial government eased production li…
Canadian crude-by-rail shipments to surge, spurring investment Read More »
Andre de Ruyter, the incoming head of South Africa’s debt-burdened State power utility, engaged in questionable stock sales while working as a senior executive at Sasol in 2013, according to a forensic audit report.
De Ruyter, who was Sasol’s senior g…
Eskom’s new CEO engaged in questionable stock sales at Sasol Read More »
Andre de Ruyter, the incoming head of South Africa’s debt-burdened State power utility, engaged in questionable stock sales while working as a senior executive at Sasol in 2013, according to a forensic audit report.
De Ruyter, who was Sasol’s senior g…
Bloomberg report on new Eskom CEO’s Sasol stock sales Read More »
Merger mania swept the gold-mining industry in 2019 with more than $33-billion worth of deals being inked. While trade fears lit a fire under bullion prices, they created headwinds for base-metals miners. What’s ahead in 2020? In its fourth annual CEO …
From Newmont to Teck: Top mining CEOs look ahead to 2020 Read More »
