jueves, 2 de agosto de 2018

Gold price at 18-month low as US investors sour on bullion ETFs

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Mining News Digest
Friday 3 August 2018
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Investment outflows in the US drive global gold demand to lowest since 2009 as strong economy provides "little incentive to buy gold".

They want to grow the Ecru Project, located in Lander County.

Shares down by a third after London-listed miner pays $900m for Russian copper project that will take another $5.5 billion to build.

Researchers want to use a type of analysis commonly employed in understanding Facebook connections.

BHP said final wage offer rejected on Thursday was "best collective labor contract at a private mine in the country."

Trump has reportedly rejected a plan to levy tariffs of 10 percent on an additional $200 billion of imports from China and ordered aides to prepare a proposal for tariffs at the higher rate of 25 percent.

Gold producers in Australia are outperforming their global competitors, prompting investors to encourage them to expand their horizons and acquire struggling North American rivals.

U.S. Steel Corp. fell the most among peers as a mixed bag of quarterly results left investors wondering if they would see any real benefit from trade policies that have pushed up U.S. prices of the metal.

China vowed on Thursday to retaliate if the United States acted on a threat to raise tariffs on the Asian nation's exports, fueling fears in financial markets that the trade war between the world's two biggest economies would escalate.

The new chief executive of Tahoe Resources Inc said on Thursday that his top priority is ending a long-running dispute in Guatemala that has stopped all of the mining company's silver production.

South African gold producers say they have offered annual wage increases of up to 7.2 percent to underground employees and up to 4.5 percent for miners and artisans, after unions rejected a previous offer last week.

Gold miner Centamin Plc's quarterly core earnings topped market expectations as lower-than-estimated mine site costs and inventory-driven sales volumes offset a drop in production.

13,000 jobs to be slashed as the local platinum industry grapples with rising costs and weak prices for the precious metal.

The mine is one of Ghana's newest gold operations and it is located in the country's Ashanti Region.

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