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Pt 841.60 $/oz Change: 2.71
 

Bloomberg

Gold spikes to more than 5-year high as Fed signals ready to cut

20th June 2019 Gold jumped to the highest in more than five years after the US Federal Reserve indicated a readiness to cut interest rates and the dollar tumbled. Gold had a lackluster start to the year but gained momentum this month as investors sought havens amid slowing global growth due to the fallout from... 

Ignored by big banks, smaller gold miners are paying more to expand

20th June 2019 The cost of money is rising for small and mid-sized gold miners. Newmont Goldcorp and Barrick Gold, the biggest producers, have grown even bigger by buying up peers, shaping themselves as strong candidates for commercial bank lending. Meanwhile, smaller companies struggling to meet deadlines and... 

Trump makes his biggest move yet to try to save coal plants

20th June 2019 President Donald Trump is scaling back sweeping Obama-era curbs on greenhouse gas emissions from power plants burning coal, his biggest step yet to fulfill his campaign promise to stop a “war” on the fossil fuel. Yet the Environmental Protection Agency’s rewrite of the Clean Power Plan, which... 

Zambian President expects to find buyer for Vedanta unit by July

20th June 2019 Zambia’s government expects to conclude talks with potential buyers of Vedanta Resources’s local copper unit within a month, President Edgar Lungu said. His comments preempt a hearing by Zambia’s High Court on Thursday on the state’s bid to liquidate the asset after a dispute between the... 

The biggest winner from a rise in precious metals

19th June 2019 The world’s best-performing precious-metals stock is up almost 90% this year, and there are signs the rally could run even further. Impala Platinum Holdings has outpaced 87 global peers with a market value of at least $1-billion in 2019, data compiled by Bloomberg show. The South African miner... 

The only option for Eskom is one South Africa can't afford

19th June 2019 South Africa simply has to rescue the nation’s distressed power utility. Even though it can’t afford to. Eskom Holdings supplies 95% of the nation’s electricity. If it went bankrupt, the entire economy would be dragged down as well. The danger of that is growing: The utility has a mountain of... 

Barrick offers more talk but not more stock for Acacia stake

19th June 2019 Barrick Gold’s CEO has no intention of raising his offer to buy out the rest of troubled African unit Acacia Mining – but he will use the next three weeks to talk. Barrick said on Tuesday it received a three-week extension to make a formal offer to minority shareholders for the roughly 36% stake... 

Trump's biggest move to end the ‘war on coal’ won't rescue the industry

19th June 2019 President Donald Trump is scaling back sweeping Obama-era curbs on greenhouse gas emissions from power plants burning coal, his biggest step yet to fulfill his campaign promises to stop a “war" on the fossil fuel. Yet the Environmental Protection Agency’s rewrite of the Clean Power Plan – which... 

Trudeau approves Trans Mountain pipeline expansion

19th June 2019 Prime Minister Justin Trudeau’s government decided Tuesday to proceed with the construction of a major crude oil pipeline, saying the project has met strict requirements on safety and consultation with Canadian indigenous groups. Trudeau’s Cabinet approved the expansion of Trans Mountain, a... 

The world will get half its power from wind, solar by 2050

18th June 2019 Nearly half the world’s electricity will come from renewable energy by 2050 as costs of wind, solar and battery storage continue to plummet. That titanic shift over the next three decades will come as electricity demand increases 62% and investors pump $13.3-trillion into new projects, according... 

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