Oct 8- U.S. energy and mining company Freeport-McMoRan Inc said on Thursday it has been assured by the government of Indonesia that the mining contract for its giant Grasberg copper and gold mine will be extended beyond 2021.. The pledge, coming after extended negotiations, is a positive development for Phoenix, Arizona- based Freeport, which is under pressure...» Read More
The global silver-coin market is in the grips of an unprecedented supply squeeze, forcing some mints to ration sales and step up overtime.
JOHANNESBURG, Sept 30- Angola's sovereign wealth fund is looking at opportunities in gold, copper and silver mining in sub-Saharan Africa as the continent's number two oil producer tries to diversify its sources of revenue, its chairman said on Wednesday. Jose Filomeno dos Santos, son of long-serving President Jose Eduardo dos Santos, also said fiscal...
Glencore's downward spiral was halted Tuesday, as its stocks rebounded by as much as 20 percent after a host of brokers came out in support of the group.
One famed analyst says this might be the perfect time for commodities investors to pounce.
Glencore saw its shares slip another 29 percent Monday with analysts stressing that the weakness is likely to be felt across the entire sector.
Shares in mining and commodities trading giant Glencore touched a new bottom on Friday, hit by a torrid week of analyst downgrades and fears about China's economic slowdown.
DENVER, Sept 22- Newmont Mining Corp is not interested in buying the U.S. assets Barrick Gold has put up for sale but would be keen on Barrick's 50 percent stake in an Australian mine at the right price, Newmont Chief Executive Gary Goldberg said on Tuesday. There has been speculation in the market that Denver- based Newmont, the biggest U.S.-based gold miner, and...
Michael Dudas, Precious Metals & Mining Analyst Sterne Agee, discusses the gold miners, which are all getting hurt by the current commodity collapse.
JOHANNESBURG, Sept 17- South Africa's Sibanye Gold has entered into an agreement with a coal provider to secure fuel for power production as it seeks to reduce its dependence on unreliable electricity supply from state-run utility Eskom. The company said it would invest 22.5 million Australian dollars in Australia's Waterberg Coal Group, adding this could...
CNBC's Jackie DeAngelis reports on where gold closed the day.
George Gero, RBC Capital, and Alan Nuckman, Bulls Eye Options, discuss big moves in the metals markets.
Is it time to splash on some investment jewelery? The answer may be yes if you fancy a diamond ring, with prices for the gemstone down as much as 29 percent since last year.
Copper prices rose sharply on Monday after commodity giant, Glencore, revealed plans to suspend some of its copper operations, pulling 400,000 tons of the red metal off the market in a debt-cutting exercise.
Jake Klein, executive chairman at Evolution Mining, says Australia's gold producers are benefiting from reduced cost pressures, thanks to a decline in the value of the Aussie dollar.
When markets meltdown or uncertainty spikes, gold is traditionally considered one of the safer commodities to be invested in. But according to the stats, that status is overrated.
Matthew Turner, precious metals analyst at Macquarie, talks about how a Fed hike could impact the price of gold.
Aug 20- Canadian miner Eldorado Gold Corp said on Thursday it would suspend all mining and development activities in the Halkidiki region in Greece after the Greek Energy Ministry on Wednesday revoked approvals for technical studies in the region. The project in Greece's Halkidiki region includes gold mines in operation and two factories under...
Aug 20- Canadian miner Eldorado Gold Corp said it would suspend all mining and development activities in the Halkidiki region in Greece from next week after the Greek Ministry of Energy on Wednesday revoked approvals for technical studies in the region.
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ATHENS, Aug 19- Greece has suspended the mining operations of Canada's Eldorado Gold in northern Greece, saying the company violated contract terms, in a setback to one of the top foreign investment projects in the country. The $1 billion project is considered a test case for Greece's ability to attract foreign investment to help revive its economy, but has been...