(Kitco News) – Gold played a critical role in financial markets as the global economy grounded to a halt because of the COVID-19 pandemic, according to the latest trade data from the London Bullion Market Association (LBMA).
London vaults saw record gold inventories in March – LBMA Read More »
(Kitco News) – The second quarter was the strongest for equity markets since 1998; however, one analyst notes that the equity market has not been a major headwind for gold as the precious metal kept pace, seeing its best quarterly performance in four y…
Gold at $1,800 is keeping pace with equity markets – Mitsubishi Corp Read More »
Chemicals and energy group Sasol confirmed on July 1 that the sale of its equity interest in the Republic of Mozambique Pipeline Investment Company (Rompco) and the Central Termica de Ressano Garcia gas-fired power plant, also in Mozambique, were well …
Platinum group metals miner Royal Bafokeng Platinum (RBPlat), together with the North West Department of Health, has officially opened the 200-bed Royal Bafokeng Platinum Field Hospital, in Rustenburg, at a cost of about R10-million, to support governm…
RBPlat opens 200-bed field hospital to support govt in fight against Covid-19 Read More »
Brazilian miner Vale said on Wednesday it will relocate about 50 people near a series of tailings dams in the state of Minas Gerais to reflect concern that a wider area could be hit by a potential dam burst.
Vale said in a securities filing that the m…
Vale to relocate 50 people near dams, expanding ‘safety zone’ Read More »
US, Mexican and Canadian business groups applauded a new North American trade deal’s entry into force on Wednesday, but said more work and flexibility was needed to overcome challenges including implementation of new labor and automotive rules.
The US…
Business groups say flexibility needed to implement new North American trade deal Read More »
London-listed Eurasia Mining, which operates platinum group metals (PGM) and gold mines in Russia, has started a formal sale process under the UK Takeover Code.
UBS Investment Bank in London has been appointed its leading financial adviser to assist i…
Eurasia Mining puts itself up for sale Read More »
Clean tech company Swedish Stirling and South African ferrochrome producer Samancor Chrome have entered into a memorandum of understanding regarding the possible installation of up to 135 PWR BLOKs at Samancor Chrome’s TC Smelter, Ferrometals and Tubat…
Swedish Stirling, Samancor sign MoU for clean energy tech at smelters Read More »
Aim-listed Karelian Diamonds said on Wednesday that a confidentiality agreement that it entered into with Rio Tinto Mining and Exploration in 2010, had lapsed.
Under the agreement, Rio Tinto has been disclosing to Karelian confidential information rel…
Finland-focused Karelian Diamonds says Rio Tinto agreement lapses Read More »
(Kitco News) – Gold prices hit daily lows as the headline manufacturing index from the Institute for Supply Management rose back up above 50, beating expectations in June.
Gold hits daily lows as ISM Manufacturing Index surprises on the upside Read More »
