Mining major Rio Tinto has stripped CEO Jean-Sebastian Jacques, iron-ore CEO Chris Salisbury, and group executive of corporate relations Simone Niven of performance-related bonuses for 2020, following the destruction of the Juukan Forge rock shelters i…
Rio execs suffer for Juukan mistake Read More »
If you woke up this morning from an eight-month coma and happened to glance through the business section of the newspaper, you’d be forgiven for being unaware of any economic slowdown.
Wisdom of Crowds Says Better Days Are Ahead Read More »
(Kitco News) – The gold market is starting a new trading week on the back foot as the U.S. dollar continues to find new buyers.
Gold price starting the week under pressure, market looks vulnerable Read More »
(Kitco News) – Retail investors aren’t the only ones who are cashing in on the gold rally. Colombia’s central bank sold about two-thirds of its gold reserves, according to media reports.
Colombia sells 9.7 tonnes of gold in June Read More »
(Kitco News) – Expected to be operational mid-2023 the facility will process rare earth concentrate from the Lynas mine at Mt Weld, near Laverton.
Lynas signs sub-lease for Kalgoorlie rare earth processing facility Read More »
(Kitco News) – “Looking to next financial year we are taking further action as we continue to navigate a period of potentially extended market volatility and lower commodity prices. We expect cost efficiencies and further simplification of our Group, c…
‘Lower commodity prices ahead’ – South32 Read More »
(Kitco News) – Last month the U.S. Army Corps of Engineers issued a final environmental analysis supporting the mine, a reversal from the Obama administration’s previous decision stating that the mine should not be built. Opponents to the mine cite ris…
Northern Dynasty denies reports that Pebble project will be blocked Read More »
Elon Musk promises a “giant contract” with the miner that can supply nickel for Tesla Inc. batteries at low cost with minimal environmental impact, yet the industry’s messy track record may make that deal difficult to clinch. Recent accidents such as a…
Elon Musk is going to have a hard time finding clean nickel Read More »
In the nineteenth century California gold rush, the surest way to a fortune, according to Mark Twain, was to be in the “pick and shovel business.” If 2020 gold fever has an equivalent, it’s the exchange-traded fund (ETF) business.
Gold fever in 2020 means exchange-traded funds Read More »
Data from the Ministry of Energy and Mines show that gold, copper and zinc exports rose in June when compared to the previous month.
Peruvian metal exports recover in June – report Read More »
