The weakening of a long-established correlation between the price of exchange-traded funds (ETFs) tied to gold and gold mining stocks have investors eyeing a range of potential causes, including massive buying from global central banks and shortfalls in gold...
Iron-ore has reached “unreasonable” levels that are hurting Chinese steel mills, according to China Mineral Resources Group, the state-backed firm trying to boost Beijing’s sway over prices. Elevated costs are squeezing margins at steelmakers in the world’s top...
The value of rough diamonds sold by De Beers during its ninth sales cycle for this year reached only $80-million, compared with the $200-million sold in the eighth sales cycle. Sales were also lower than the $454-million of diamonds sold in the ninth sales cycle of...
An underground truck from multinational engineering company Sandvik has been donated by Perenti Group company Barminco to the South Metropolitan TAFE. While the Sandvik underground truck has already lived out its full mine life, it will serve as a training resource...
Newmont has completed its acquisition of Newcrest Mining with the aim of creating a world-leading gold miner. Now featuring more than half of the world’s Tier-1 assets, Newmont said its portfolio of long-life operations, value-accretive projects,...
Botswana is conducting due diligence on HB Antwerp, as the world’s top diamond producing country by value seeks to finalise a deal to acquire a 24% shareholding in the Belgian gem trader, President Mokgweetsi Masisi said on Monday. At the height of talks for a...
