Asia Pacific
Top 15 copper mines worth $103bn less than a week ago
It's been a brutal November on copper markets with a only one up day of trading since the start of the month. Just over the last week the price has fallen more than 7%. In New York on Wednesday...
Asia Pacific
Indonesia probing allegations of extortion to Freeport-McMoRan by senior officials
Indonesia probing allegations of extortion to Freeport-McMoRan by senior officialsFreeport McMoRan Copper and Gold's Grasberg mine is the world's largest gold mine and third largest copper mine. Indonesia has began investigating claims that senior officials demanded to be granted...
Asia Pacific
Caterpillar sales down again, almost three straight years
Caterpillar sales down again, almost three straight yearsThe biggest declines in sales were in construction in Latin America (-41%) and in the resources industry in Asia (-37%). Caterpillar (NYSE:CAT), the world’s No.1 heavy machinery maker, put another nail in...
Asia Pacific
Chinese commodity trade barometer at record low
In the doldrumsThe once obscure Baltic Dry Shipping Index came to prominence at the start of the Chinese-led commodity supercycle around a decade ago. The London-based Baltic Exchange tracks the cost of moving commodities along more than 50 routes...
Asia Pacific
India monetizes 14 ounces of gold
In an attempt to put the estimated 20,000 tonnes of gold households and temples on the subcontinent are hoarding to more productive use and alleviate pressure on its current account, the Indian government launched two new gold savings schemes a...
Africa
Lonmin sees salvation, launches $407m rights issue at only 1 pence per share
Lonmin’s Marikana mine concentrator plant. South African platinum producer Lonmin (LON:LMI), the world’s third largest, avoided Monday becoming the biggest casualty of the commodity crisis by winning shareholder support for a $407 million equity sale. The company said it...
Africa
Telferscot Resources announces intent to sell its interest in Kolwezi Copper Corp.
Telferscot Resources Inc. (CSE:TFS) ("Telferscot" or the "Company") is pleased to announce that it has entered into a Letter of Intent (the "LOI") to sell its 2,775 common shares or approximately 7.4% interest in Kolwezi Copper Corp. ("KCC") for...
Subscribe
- Never miss a story with notifications
- Gain full access to our premium content
- Browse free from any location or device.