Gold demand to hit record with central bank buying, WGC says
Total gold demand hit a record last year and is expected to expand again in 2024 as the US Federal Reserve moves toward cutting interest rates, potentially aiding prices, according to the World Gold Council.
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Iron ore price drops as China central bank’s rate move defies expectation
Iron ore futures prices dropped for a second consecutive session on Monday as top consumer China defied market expectations and stood pat on its medium-term interest rate, leaving traders disappointed.
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One big gold seller among central banks has even more to offload
Mining News Pro - In a turnaround that’s already taken it from one of the world’s biggest gold buyers to a top seller this year, Kazakhstan’s central bank is looking to cut the metal’s share to as low as half of its $34.5 billion reserves
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Gold price firms with spotlight on central bank meetings
Mining News Pro - Gold prices bounced back on Tuesday on a weaker dollar and expectations that the US Federal Reserve will likely end its monetary tightening cycle after a widely expected rate hike this week.
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Reduced appetite from central banks to bring gold demand down in 2023
Mining News Pro - Demand for gold will drop 9% to 4,375 metric tons this year with central banks’ appetite falling from last year’s all-time high, consultancy Metals Focus said, adding that gold prices would be under pressure in the second half of 2023.
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Canada Latin America Mexico and Central America Copper
Mining News Pro - The government of British Columbia has fined Teck Coal Limited C$15.4 million ($11.5m) for exceeding pollution thresholds and failing to build an active water treatment facility on time at its Fording River Operations in southeastern BC.
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Mystery whales baffle gold market after central bank purchases
Mining News Pro - A normally dry research report jolted the gold market this week, when it pointed to massive but so far unidentified sovereign buyers.
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Brazil central bank recruited to save Amazon from illegal mining
Mining News Pro - The threat to the Brazilian Amazon posed by illegal mining is so big that the formal mining industry is trying to get the country’s central bank involved.
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Gold price recovers as European Central Bank raises rates higher than expected
Mining News Pro - Gold prices regained ground after falling to the lowest level in 15 months as the European Central Bank took some investors by surprise and raised rates by 50 basis points on Thursday.
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Gold price bound for worst quarter in five, pressured by central banks’ hawkish rhetoric
Mining News Pro - Gold experienced a relatively larger decline on Thursday following a string of sluggish sessions this week, and is now headed for its worst quarter in five as the hawkish tone from global central banks continues to dim the metal’s appeal.
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Iron ore price down ahead of China’s central bank rate announcement
Mining News Pro - Iron ore prices fell on Tuesday as fresh covid-19 outbreaks in China clouded demand prospects in the world’s top steel producer.
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Central banks to increase gold holdings over crisis concerns
Mining News Pro - Central banks see gold as a reserve asset and will likely increase their holdings of the metal in the next twelve months, according to a survey by the World Gold Council.
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Gold reserves at Venezuelan central bank down to new 50-year low
Mining News Pro - The Venezuelan central bank’s gold reserves dropped seven tonnes last year to a new 50-year low, according to financial statements published by the bank on Tuesday.
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Peru central bank warns against anti-mining protests damage
Mining News Pro - A rising wave of anti-mining protest in Peru, which has paralyzed several operations in the world’s second-largest copper producing country over the last few months is already affecting investors’ perceptions, authorities warned Tuesday.
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Gold regains shine after central bank buying drops to decade low
Mining News Pro - Central banks may be regaining their appetite for buying gold after staying on the sidelines for the past year.
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Visit: 464
Northern Star increases stake in Central Tanami JV
Mining News Pro - Northern Star Resources and Tanami Gold have restructured the Central Tanami joint venture (JV) in the Northern Territory, in an effort to commence mining as soon as possible.
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Exxaro sells Coal Central operations to Overlooked Colliery
Mining News Pro - Exxaro Resources has signed a definitive sale and purchase agreement with black-owned mining entity Overlooked Colliery for the Exxaro Coal Central (ECC) operations.
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Thor acquires Barrick’s majority interest in Central Houndé project
Mining News Pro - Thor Explorations Ltd. announced on Monday it has agreed with Barrick Gold to terminate the 2015 earn-in agreement between Thor and Acacia Mining PLC, which has subsequently been acquired by Barrick, on the Central Houndé project in southwestern Burkina Faso.
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The mother of all gold opportunities as central banks walk the line
Mining News Pro - Envision if you will a man with a bright red face … at first glance you might think he is in excellent health, glowing even … and on the other hand, it might suggest he has a fever … two completely opposite interpretations from the same facts … so to decide, you fall back on context. The same might be said of financial markets. Inflation can signal a robust economy or it could also signal trouble. The same might be said of bond yields.
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African battery metals are central to global ESG agenda
Mining News Pro - The world is increasingly electrifying, while also focusing on environmental protection using green technology to do so, and Africa needs to capture as much of the investment value that goes along with those trends, Bushveld Minerals CEO Fortune Mojapelo has said.
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Central African rebels attack mining town before election results announced
Mining News Pro - Rebel fighters in Central African Republic attacked and partially occupied a diamond-mining town on Sunday, four security and humanitarian sources said, a day before authorities are due to declare results of the presidential election.
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Zimbabwe central bank to form new gold refining unit, sell shares to miners
Mining News Pro - Zimbabwe`s central bank will unbundle its gold refining and printing unit into two separate companies and sell a majority stake in the new gold refinery business to miners, governor John Mangudya said on Wednesday.
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Fortescue contracts Central Systems for Solomon Hub
Mining News Pro - Fortescue Metals Group has awarded Central Systems a design and construction contract at the Solomon Hub iron ore mine in Western Australia
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Gold-buying by central banks seen climbing from near decade low
Mining News Pro - Gold buying by central banks, an important driver of bullion’s advance in recent years, is forecast to pick up in 2021 after a slowdown this year.
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Central QLD records second gas ignition incident this year
Mining News Pro - Fitzroy Australia Resources has encountered a methane gas ignition at its Carborough Downs coal mine in central Queensland.
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Visit: 536