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Gold leads exploration surge amid economic uncertainty

Gold has experienced the most investment in exploration of any commodity in Australia during the September quarter. Exploration for gold increased by 17 per cent to $356 million compared with the 6 per cent quarter-on-quarter increase across all minerals (to $702...

Indonesian miners sign $1.46B China coal deal

Workers load coal cargo at Cirebon Port in West Java, Indonesia. The Indonesian Coal Mining Association (APBI) on November 25 signed a deal with the China Coal Transport and Distribution (CCTD) association to export $1.46 billion worth of coal to China next year. The...

Copper hits seven-year high as demand hopes build

Copper rallied for a fourth day to reach a seven-year high, adding to this week’s powerful surge across base metals on hopes for a post-pandemic demand boom. The metal, which is used in everything from household wiring to electric vehicles, is gaining on optimism that...

Australian gold output declines

Surbiton Associates director Sandra Close believes Australia’s gold production in 2020 may surpass last year’s record results despite output dropping in the September quarter. Gold output in the September 2020 quarter was 81 tonnes, marking a four-tonne decrease from...