miércoles, 14 de febrero de 2018

Copper, iron ore price jump sparks rally in mining stocks

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Mining News Digest
Thursday 15 February 2018
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Top listed copper producer Freeport jumped 7.4% and with Vale – up 6% – was among the NYSE's top 10 most actively traded stocks.

Gold price surges in best trading day since Brexit mid-2016 as world's largest hedge fund pours money into gold-backed ETFs.

New gemstones mining and marketing company is stepping up efforts to kick off operations at some of its key assets and help organize what it calls "a highly disorganized and fragmented industry."

Company expects Côte Gold project to create as many as 1,200 jobs during the construction phase, estimated to last two years.

Proceeds from the placing will fund ongoing diamond exploration in South Africa and Botswana, and will also provide the company with additional working capital, the company said.

The firm, North America's No.1 producer of coking coal, said the boost in profit was mainly thanks to the reversal of an impairment charge related to an improvement in the outlook for steelmaking commodity.

Barrick, the world's biggest gold producer, said it expects to produce between 4.5 million and 5 million ounces of gold this year.

Platinum demand fell nearly 7 percent last year, with sharp falls seen in Japanese investment and Chinese jewellery buying as well as a slowdown in consumption by carmakers, who use the metal in catalytic converters.

As of Dec. 31, the firm owned 1.2 million American depositary receipts in SQM, one of the world's largest lithium producers.

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