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Gold busts above $1 350 as Iran tension, fed outlook spur demand 

By: Bloomberg     14th June 2019 Gold smashed above $1 350/oz to a 14-month high as rising geopolitical tensions bolster haven demand ahead of next week’s Federal Reserve meeting, when policy makers may move closer to cutting rates. Bullion for immediate delivery rose as much as 1.2% to $1 358.26/oz. Prices are set for a fourth... 

Gold seen hitting six-year high as global markets outlook dims

By: Bloomberg     10th June 2019 Gold is finally gaining the traction needed to boost prices to a level not seen since 2013 as concern mounts over increased trade war tensions and the global growth outlook. Bullion may touch $1 400/oz this year as investors hedge risk, according to Rhona O’Connell, head of market analysis for... 

Gold climbs as Trump move on Mexico shows 'no country is safe'

By: Bloomberg     31st May 2019 Gold is finally seeing some bullish momentum as trade war ructions escalate. President Donald Trump’s tariff salvo trained at Mexico boosted the metal, which has been weighed down by the strong dollar. Bullion prices advanced to a two-week high to head for a narrow monthly gain after Trump said... 

Gemfields reports signs of recovery in emerald sector

By: Tasneem Bulbulia     20th May 2019 JSE-listed Gemfields continues to see “encouraging” signs of a recovery in the emerald sector, product and sales MD Adrian Banks said in a statement on Monday. This follows Gemfields’ latest auction of higher-quality rough emeralds, in Singapore, which generated revenue of $22.4-million and... 

'Require, not ask' for women in mining, urges ex-Anglo chief

By: Reuters     9th May 2019 Mining is not only for men. Companies have to do more to push gender diversity, according to Cynthia Carroll, former CEO of Anglo American. “Companies should require, not ask that executives promote, recruit and include women,” Carroll said in an interview on the sidelines of a conference in... 

Arctic nations to meet amid tensions over environment, resources

By: Reuters     6th May 2019 Top diplomats from the US, Russia and other nations which border the Arctic meet in Finland on Monday to discuss policies governing the polar region, as tensions grow over how to deal with global warming and access to mineral wealth. Countries have been scrambling to claim territory or, like... 

Venture a step closer to Riley restart

By: Esmarie Iannucci     2nd May 2019 ASX-listed Venture Minerals has struck an offtake agreement with Singapore’s Prosperity Steel United Singapore over its Riley iron-ore mine, in Tasmania. Under the terms of a binding term sheet, Prosperity has agreed to purchase all of the product produced at the Riley mine over the first two... 

Guinea boosts power output to foster bauxite refining

By: Reuters     29th April 2019 Guinea expects to boost its energy production capacity by nearly four-fold over the next six years as it pushes mining companies to refine their bauxite output locally, the energy minister said on Friday. The West African nation, Africa's biggest producer of the aluminium ore, is in the midst of... 

World's central banks want more gold as India joins spree

By: Bloomberg     24th April 2019 India’s central bank is likely to join counterparts in Russia and China scooping up gold this year, adding to its record holdings and lending support to worldwide bullion demand as top economies diversify their reserves. The Reserve Bank of India’s purchases are part of a wider picture across... 

As Goldman backs off, Citi says chase iron-ore rally to $100/t

By: Bloomberg     8th April 2019 Iron-ore’s poised to hit $100/t, according to Citigroup, which highlighted “very, very low” seaborne cargoes just as data from China may show a pick-up in demand. That view follows advice from Goldman Sachs Group that investors should be closing bullish bets after recent gains. “Iron-ore is not... 

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