Dangote Industries will invest in a $2-billion phosphate project in Togo, positioning itself to become a main supplier of fertiliser in West Africa. The company controlled by Nigerian billionaire Aliko Dangote will mine an estimated two-billion tons of…
Billionaire Dangote, Togo agree to $2bn phosphate project Read More »
ICBC Standard Bank, a venture between the biggest lenders in China and Africa, will close its base metals and equities businesses because of poor performance and difficult market conditions. The changes will affect 150 jobs and will take place in the f…
ICBC Standard Bank plans to shut base metals, equities units Read More »
Bullion giant Barrick Gold pleasantly surprised the market by raising its dividend 25%. Will the move portend a new era of largess from the normally tightfisted gold miners?
There are certainly reasons for investors to be hopeful. Producers have been …
Barrick’s dividend boost looks like a harbinger for the gold industry Read More »
Gold headed for the biggest weekly loss in more than two years as progress in US-China trade talks hammered demand for havens and sent miners’ shares tumbling.
Spot bullion is 3% lower this week, the most since May 2017, after prices dropped on Thursd…
Gold suffers worst week in two years as bulls run for cover Read More »
Gold headed for the biggest weekly loss in three years as progress in US-China trade talks hammered demand for havens and sent miners’ shares tumbling. The metal dropped 3.7% this week, the most since November 2016, as China and the US indicated they a…
Gold suffers worst week in three years as bulls run for cover Read More »
Gold and silver are suffering substantial losses on Thursday as dissipating trade tensions contribute to a flight from haven assets.
Gold futures are down more than 2%, while those on silver are off as much as 3.6% as of 12 p.m. New York Time.
Precious metals get crushed as end-of-the-world trade implodes Read More »
South Africa’s largest platinum mining labour union said it may conclude a wage deal with producers as early as next week if “minor” outstanding issues can be resolved. Members of the Association of Mineworkers and Construction Union may accept revised…
AMCU says workers in platinum sector may back wage offers Read More »
Barrick Gold’s chief said there’s a logic to combining with Freeport-McMoran as a way to expand into copper, but isn’t committing to any deals yet.
A tie-up with Freeport could bolster Barrick’s US presence, where it already operates gold mines in Nev…
Barrick CEO ses long-term potential for Freeport tie-up Read More »
Barrick Gold’s chief said there’s a logic to combining with Freeport-McMoran as a way to expand into copper, but isn’t committing to any deals yet.
A tie-up with Freeport could bolster Barrick’s US presence, where it already operates gold mines in Nev…
Barrick CEO sees long-term potential for Freeport tie-up Read More »
Trafigura Group and Nyrstar directors met the fury of a small group of shareholders at a marathon meeting on Tuesday, in which investors accused the commodities trader of unfair dealings that led to the downfall of Europe’s biggest zinc smelter.
In a …
Nyrstar board grilled on Trafigura ties in 10-hour marathon meeting Read More »
