Mining and metals markets crater as copper price enters bear market

Having trouble viewing this email?  View online Mining News Digest Thursday 16 August 2018 Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver Mining and metals markets crater as copper price enters bear market Investors found no solace in traditional safe haven gold with the precious metal setting a one-and-a-half year low. read » Copper price: BHP averts strike at Escondida After a near 5% drop on Wednesday, news that a strike had been averted at the world's largest copper mine put a cap on hopes of a recovery for the bellwether metal. read » Osisko Mining to acquire Beaufield Resources Strategic location. read » Rio Tinto closer to selling $6bn stake in Iron Ore of Canada Company is said to have hired Credit Suisse to conduct an auction of its 58.7% interest in IOC. read » Gold Fields boss says South Deep lay-offs are 'last-gasp measure' Holland said the company has made every effort to avoid the drastic move, but said the choice was now between that and serious risk to the future of South Deep and its many stakeholders. read » Russian miners explore payment schemes eschewing dollar Russia favoured bilateral trade with all countries in their national currencies, rather than the dollar, but that the idea needed detailed work. read » Nickel is dancing to a new electric (vehicle) beat The world used almost 2.2 million tonnes of nickel last year. Around two thirds of that metal was absorbed by the stainless steel industry. read » First-half diamond sales down 16 percent at Botswana's Okavango Marcus ter Haar said the company sold 1.778 million carats in the first half of 2018 compared with 1.808 million carats in the same period last year. read » Oil major and miner ethics scrutinized by Methodist investors The Methodist Church is prepared to back those committed to mending their ways. read » Gold trading volumes double in Turkey amid currency crisis First Turkish President Recep Tayyip Erdogan argued citizens should buy gold, then he said sell. read » Metals poisoned by Turkey contagion as copper nears bear market Base metal markets tumbled on Wednesday, with most contracts falling more than 2 percent in London. Copper sank below $6,000 a metric ton and is set to close in a bear market. read » It's time for contrarians to Get Bullish on Gold In the face of Turkey's lira meltdown, investors have taken cover instead in the U.S. dollar. read » Stocks fall as tech struggles, commodities plunge: Markets wrap "Tech stocks are pulling the markets lower," said Naeem Aslam. "We are seeing investors becoming more concerned about the geopolitics." read » Hexagon expands Mining division's channel program Four authorized partners are already signed up for the program, which Hexagon hopes will open up new markets and connect products with mines that need them. read » Chile's Escondida union to take new labor proposal to members It will avert its planned strike to consult members about a renewed proposal for a new labor contract from operator BHP . read » Read more news on MINING.com » Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. Suite 900, 580 Hornby Street, Vancouver, BC, Canada V6C 3B6 | +1 604 683 2037 |[email protected].Please visit cem.infomine.com for more information. Copyright InfoMine. You are receiving this email because the email address fernandoqueens@gmail.com was subscribed to the MINING.com email list "MINING.com Mining News Digest". You mayunsubscribe at any time. The information contained in “Mining News Digest” is collected from a variety of sources on a “best intentions”basis. InfoMine Inc. makes no representation or offers no warranty with respect to the adequacy of the information for any particular purpose.Any information presented in “Mining News Digest” is not a solicitation to purchase or acquire any securities.Use of this service is an acceptance of this disclaimer. Visit our web site to read ourcomplete disclaimer.