The gold options market saw $1.75-million in block trades betting the precious metal could almost triple in more than a year, surpassing the record.
Around noon in New York Wednesday, 5 000 lots of a gold option giving the holder the right to buy the …
Bold bets that gold could triple to $4 000 trade in New York Read More »
Codelco’s standing as the world’s top copper producer is increasingly at risk in the wake of a citizen uprising that is shaking Chile to its core.
Codelco planned to spend $20-billion over a decade to modernise its aging mines and hold off a looming p…
Chile protests threaten to dethrone world’s top copper producer Read More »
Sasol, South Africa’s second-biggest producer of greenhouse gases after State-owned Eskom Holdings, pledged more clarity on plans to reduce its impact on the environment. The company, which together with Eskom also produces pollutants such as sulfur di…
Sasol pledges climate action Read More »
Vale, the Brazilian mining giant, plans to place its Mozambican coal operations on maintenance for three months, essentially closing the tap on about one-third of the southeast African country’s export earnings. The move could have severe implications …
Vale to shutter Mozambique coal operations for three months Read More »
Chile’s worst civil unrest in decades means the Democratic Republic of Congo is a more attractive proposition for mining investment, according to billionaire Robert Friedland. While Chile, the world’s top copper producer, seeks measures to quell the so…
Friedland says Congo is now more attractive than Chile for copper mines Read More »
Kirkland Lake Gold CEO Tony Makuch faces an uphill battle convincing investors and analysts that he made the right decision in buying higher cost producer Detour Gold.
Toronto-based Makuch traveled to New York Tuesday to meet with investors as shares …
CEO extols Detour deal as rout wipes $2bn from Kirkland Read More »
Zimbabwe’s mining industry has appealed to the government for help, saying output is slumping as the state-owned power company fails to honour electricity-supply contracts. Zesa Holdings has broken its promise to “ring-fence” supplies to miners, Zimbab…
Zimbabwe miners appeal to Minister over power-supply failure Read More »
The world has refused to slash its collective greenhouse gas emissions, narrowing the planet’s pathway back to a safe climate. Authors of an annual United Nations Environment Program (UNEP) report published Tuesday were uncharacteristically direct in t…
UN calls global climate outlook ‘bleak’ Read More »
The world’s largest fertilizer producer plans to temporarily close its biggest potash mine as the impact of a Canadian rail strike continues to spread.
Nutrien said Monday it notified workers of a two-week shutdown starting December 2 at its Rocanvill…
Nutrien’s potash mine closure adds to bite of Canada rail strike Read More »
Kirkland Lake Gold CEO Tony Makuch was quick to assuage investors that the planned C$4.9-billion acquisition of Detour Gold Corp. won’t boost the company’s cost after shares tumbled.
Shares of Canada’s Kirkland Lake slumped 16%, poised for the biggest…
CEO says Kirkland can cut costs after Detour deal Read More »
