Mining Blogs

Feb 20 (Reuters) – Newmont beat analysts’ estimate for fourth-quarter profit on Thursday, as the world’s biggest gold miner benefited from a rally in bullion prices and higher production. Average price of gold has been rising over the past few quarters and hit multiple all-time highs during the October to December period, as uncertainties surrounding the […]

Canadian miner Teck Resources  beat analysts’ estimates for fourth-quarter profit on Thursday, helped by higher copper production volumes at its Chile mine. Total copper output in the quarter came in at 122,100 tonnes, a 19% jump from a year earlier, with 60,700 tonnes from its Quebrada Blanca (QB) mine in Chile. “Our copper production in the […]

LONDON, Feb 20 (Reuters) – Anglo American posted an annual loss of $3.1 billion on Thursday after taking an impairment of $3.8 billion, mostly due to its ailing diamond unit, as it races to restructure into a major copper producer following a bruising takeover battle with BHP last year. Last year’s loss attributable to shareholders […]

Feb 18 (Reuters) – Gold prices rose for a second straight session on Tuesday, but traded below the recent all-time highs, as uncertainty around U.S. President Donald Trump’s tariff plans continued to fuel economic growth concerns and safe haven flows into bullion. Spot gold gained 0.6% at $2,913.79 an ounce as of 0714 GMT. It […]

SAO PAULO, Feb 13 (Reuters) – Brazilian mining giant Vale  is in advanced talks to sell a majority stake in a renewable energy unit and a solar plant to U.S.-based investment firm Global Infrastructure Partners (GIP), two people familiar with the matter said. The deal for 70% of both Vale’s Alianca Energia and the solar plant […]

Feb 14 (Reuters) – Gold prices gained on Friday and were poised for a seventh consecutive weekly gain, as U.S. President Donald Trump’s plans to impose reciprocal tariffs on every country taxing U.S. imports fuelled concerns of a global trade war. Spot gold was up 0.1% at $2,932.81 per ounce, as of 0706 GMT, moving […]

Feb 13 (Reuters) – Gold gained on Thursday as markets tracked U.S. President Donald Trump’s tariff plans, which could further escalate a global trade war, ahead of another set of inflation reading from the U.S. after its consumer prices jumped in January. Spot gold added 0.5% to $2,918.00 per ounce as of 0750 GMT, moving […]

NEW DELHI, Feb 11 (Reuters) – The United States is expected to boost coal exports to India after China imposed tariffs on energy imports from the U.S., five industry officials said, potentially eroding Australia and Russia’s market shares in the Indian market. China’s Finance Ministry last week said it would impose levies of 15% on imports of […]

Feb 7 (Reuters) – Gold prices rose on Friday, hovering near record-high levels and set for a sixth successive weekly gain, as trade war concerns fuelled safe-haven buying ahead of the key U.S. payrolls report. Spot gold was up 0.3% at $2,864.11 per ounce, as of 0721 GMT, and has gained more than 2% this […]

Rio Tinto said on Tuesday it had begun clearing iron ore ships from two Western Australian ports as two tropical cyclones offshore swell seas and complicate its efforts to repair infrastructure damaged by a previous cyclone last month. “Safety is our priority. As is procedure, we began sending ships from Cape Lambert Port at the weekend […]