Anglo American Platinum (Amplats) and Sibanye-Stillwater may need mediators to help South African wage talks move forward after negotiations with the platinum industry’s largest labor union reached a deadlock. Talks with the Association of Mineworkers …
Platinum giants say mining union declares dispute in wage talks Read More »
Russia’s long-running bet on gold is looking better every month.
The country quadrupled gold reserves in the past decade as it diversified away from US assets, a move that has paid off recently as haven demand sent prices to a six-year high. In the pa…
Russia’s gold stash is now worth more than $100bn Read More »
Gold exchange-traded funds in India saw the highest inflows in more than six years as investors poured in money seeking safe havens amid record high domestic prices and a slowdown in the economy. Net inflows in August rose to 1.45-billion rupees ($20-m…
Investors in India rush to gold ETFs, push inflow to 6-year high Read More »
Commodities trader Trafigura Group used its influence at Nyrstar, one of the world’s biggest zinc refiners, to undermine the company and unfairly enrich itself, a group of Nyrstar shareholders has alleged.
Through its sway on the board and management …
Trafigura accused of throttling Nyrstar with lopsided zinc deals Read More »
China has added almost 100 t of gold to its reserves since it resumed buying in December, with the consistent run of accumulation coming amid a rally in prices and the drag of the trade war with Washington.
The People’s Bank of China raised bullion ho…
China has added nearly 100 t of gold to its reserves Read More »
Botswana’s government and De Beers are in “cordial” negotiations about a new diamond-sales pact to replace their current 10-year deal which expires in 2020 and it should be concluded after next month’s election, President Mokgweetsi Masisi said. “Every…
Botswana leader sees new diamond pact with De Beers after vote Read More »
AngloGold Ashanti’s last South African mine is luring potential buyers as the rally in gold boosts profitability. That interest doesn’t mean CEO Kelvin Dushnisky will achieve his target price. AngloGold wants about $500-million for Mponeng and a number…
AngloGold’s last South African mine is luring potential buyers Read More »
Whoever wins next month’s presidential election in Argentina will have to rely on commodity exporters to bring in much-needed foreign currency. The mining industry is hoping that will win them some concessions.
Since Peronist candidate Alberto Fernan…
Argentina miners hope for pragmatic Peronism amid project freeze Read More »
South Africa’s government is intent on putting embattled state power company Eskom Holdings back on a sustainable footing and will consult with its debt holders on any reorganisation, Public Enterprises Minister Pravin Gordhan said. “I think the market…
South Africa to consult Eskom debt holders on reorganisation Read More »
Anyone approaching the railroad tracks late last month from US Route 119 outside Cumberland, Kentucky, would have seen the mass of pop-up tents, and perhaps the hand-scrawled sign in capital letters, darkened from heavy rain: “COAL OR WORKERS — WHICH …
Botched bankruptcy leads to standoff in Kentucky coal country Read More »
