Gold’s spectacular rally is just getting started if hedge funds have their way.
Prices are already at the highest in more than six years, and Goldman Sachs Group and Citigroup predict bullion could climb about 6% to $1 600/oz in as little as six month…
Hedge funds go all in on gold as ‘currency wars’ lift haven buys Read More »
Iron-ore sank toward $80/t – extending this month’s rout – after China poured fuel on demand fears by reiterating a cautious tack on stimulating the economy even as global trade tensions escalate.
The steelmaking ingredient in Singapore tumbled to its…
Iron-ore heads to $80/t amid ‘loss in confidence’ as slump extends Read More »
President Donald Trump’s chief energy regulator has invited a group of environmentalists, energy executives and other industry leaders to the heart of Coal Country for a summit on “the future of American energy.”
Neil Chatterjee, the Republican chairm…
Trump’s top energy regulator invites execs to Coal Country Read More »
The world’s largest copper miner is selling bonds, taking out loans and selling non-structural assets to secure funding for its multibillion-dollar upgrade projects only four months after saying it didn’t need to raise money this year or next.
Codelco…
Top copper miner Codelco raises debt after saying it wouldn’t Read More »
Most chief executive officers paint a rosy picture when they talk about their companies’ prospects. Not Guillermo Fonseca.
The CEO of Colombian coal giant Cerrejon – jointly owned by BHP Group, Glencore and Anglo American – isn’t sugar-coating anythin…
One coal CEO sees writing on wall, says make money while you can Read More »
As plummeting iron-ore prices weighed on Rio Tinto Group’s stock for a seventh-straight trading day, CEO Jean-Sebastien Jacques defended the miner as a “cash machine” that will keep rewarding shareholders.
“We have a cash machine,” the CEO said Thursd…
Rio Tinto CEO defends miner as ‘cash machine’ amid stock retreat Read More »
Barrick Gold is considering a sale of its Tongon Gold mine in the Ivory Coast as the company ramps up asset disposals following its purchase of Randgold Resources, people familiar with the matter said.
The miner is working with Bank of Nova Scotia to …
Barrick said to weigh sale of Tongon mine amid asset disposals Read More »
For Goldman Sachs Group analysts, gold’s rally above $1 500/oz is just the beginning.
Analysts at the bank predict that prices already at six-year highs will climb to $1 600/oz over the next six months as investors seek havens. The dimming global econ…
Goldman sees gold soaring to $1 600 as worries fuel ETF demand Read More »
Glencore’s plan to halt a fifth of the world’s cobalt production is set to offer some respite for prices of the battery material that cratered in the past year on a supply glut. The mining giant is set to close the Mutanda copper-and-cobalt facility in…
Glencore’s Congo stoppage offers jolt to ailing cobalt market Read More »
Gold futures rallied above $1 500 an ounce on sustained demand for the traditional haven as the US-China trade war festers, global growth slows and central banks around the world ease monetary policy. The precious metal rose as much as 1.2% to $1 502.3…
Gold tops $1 500 as investors seek shelter from gathering storm Read More »
