https://www.miningweekly.com
R/€ = 20.61 Change: -0.02
R/$ = 17.41 Change: 0.02
Au 1942.62 $/oz Change: 11.31
Pt 944.64 $/oz Change: 5.52
 

Bloomberg

Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.

China snaps up steel as pandemic creates two-speed global market

14th July 2020 China’s steel buyers have pounced on cheap offers from around the world to feed buoyant demand at home, with flows to the biggest market reaching levels unseen since the global financial crisis. Imports of finished steel products jumped last month to nearly 1.9-million tons, just short of the... 

Copper's made-in-China rally has friends

14th July 2020 Copper has erased losses racked up in the early months of the coronavirus outbreak. China’s economic uptick, set to be confirmed by second-quarter figures this week, is encouraging an optimistic view of demand. Latin American supply constraints may be a bigger factor in propelling the price... 

Franco-Nevada eyes $1bn deals as base metals lag gold

13th July 2020 Franco-Nevada will do at least $500-million in streaming and royalty deals in mining this year, and a lot more if base-metal producers proceed with several larger financing deals in the $500-million to $1-billion range. That’s the view of the Toronto-based company’s chairman, David Harquail. In... 

Zimbabwe gold mines lure offshore investor despite economic ruin

10th July 2020 Zimbabwe’s biggest gold mines are being snapped up by Mauritius-based Sotic International as the price of bullion soars to the highest in more than eight years. Landela Mining Ventures, which is controlled by Sotic, bought two of Zimbabwe’s gold mines this year. The newcomer is targeting six more... 

Johannesburg gold stocks slay records as virus bolsters bullion

10th July 2020 The red-hot rally in gold prices driven by investor concern about the coronavirus pandemic and its impact on the global economy has propelled South African gold stocks to record-slaying highs. A Johannesburg index of producers has surged more than 90% this year, even as the broader South African... 

IEA warns oil demand recovery at risk from virus resurgence

10th July 2020 The International Energy Agency bolstered its outlook for global oil demand, but warned that the recovery could be derailed by the resurgence of coronavirus. A collapse in fuel consumption during the second quarter was slightly less severe than previously estimated, and demand should rebound... 

Copper is surging, but it doesn’t mean economy is booming

10th July 2020 Copper prices are surging, and for once it’s not because the economy is booming. The metal – known colloquially as Dr. Copper because its performance is often used to gauge the health of the overall economy – has surged by a staggering 45% since mid-March. That’s despite the International... 

ANC suggests pension funds take some Eskom assets

10th July 2020 The Economic Transformation Committee of South Africa’s ruling African National Congress suggested that pension funds take over some of the assets of the indebted state power company. The proposal to transfer parts of Eskom Holdings SOC Ltd. into non-state hands was made in a discussion document... 

Record-high gold prices are in sight

9th July 2020 Gold prices could be set to take out their long-standing record as mounting concerns about the global economy fuel gains above $1 800/oz. Spot bullion extended its advance into a sixth day as the resurgence of the coronavirus in some parts of the world adds to concerns about a protracted global... 

$83bn Australian pension fund to divest from thermal coal

9th July 2020 Australia’s second-largest pension fund aims to almost halve carbon emissions across its investments within a decade as it joins global peers in mitigating the risks of climate change. First State Super said it will advocate for Australia’s economy to reduce its greenhouse gas emissions by 45%... 

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Close