Gold price extends loss as US inflation data reinforces Fed caution
Gold snapped nine days of record-breaking gains as underlying US inflation topped forecasts for a second month in February, reinforcing the Fed’s cautious approach to cutting interest rates.
-
-
Visit: 99
Sibanye falls to $2 billion loss, weighs capital raise if metal prices worsen
Sibanye Stillwater on Tuesday reported a $2 billion annual loss and scrapped its final dividend, hurt by a slump in platinum group metal (PGM) prices that is forcing South African mining companies to restructure and cut jobs.
-
-
Visit: 71
Most cobalt producers loss-making after 2023 price slump, says ERG
Most cobalt producers are likely to be losing money on every ton of cobalt they produce after a price slump last year, Benedikt Sobotka, chief executive at metals miner Eurasian Resources Group (ERG), said on Tuesday.
-
-
Visit: 81
Metal trader misery undercuts supercycle hype as losses pile up
Mining News Pro - The world’s metal traders are enduring one of their toughest periods in years, even as an international race for minerals thrusts the industry into the geopolitical spotlight like never before.
-
-
Visit: 200
Sibanye CEO warns of platinum mining job losses as price plummets
Mining News Pro - Sibanye Stillwater, South Africa’s biggest mining sector employer, may be forced to close some loss-making shafts, its CEO told Reuters, adding job cuts in platinum mining had become inevitable as prices of the precious metals fall.
-
-
Visit: 127
Lithium craze sparks 1,100% stock gains as well as deep losses
Mining News Pro - Investors who bought Australian lithium stocks at the start of the year could have doubled their money or lost more than half of it — reflecting the extreme volatility of companies mining one of the world’s hottest commodities.
-
-
Visit: 135
Copper price set for weekly loss as China concerns sap confidence
Mining News Pro - Copper headed for a third straight weekly loss — tracking a broad slide in global risk assets — as concerns about China’s economy and widening housing crisis put markets in bearish mood.
-
-
Visit: 183
Copper price set for weekly loss as China concerns sap confidence
Mining News Pro - Copper headed for a third straight weekly loss — tracking a broad slide in global risk assets — as concerns about China’s economy and widening housing crisis put markets in bearish mood.
-
-
Visit: 163
Mopani Copper Mines losses deepen amid search for new investor
Mining News Pro - Zambia’s Mopani Copper Mines posted a deeper financial loss last year and lower output, state owner ZCCM Investment Holdings said.
-
-
Visit: 473
Opening up protected areas in the Amazon to mining may lead to massive forest losses
Mining News Pro - A model developed by Brazilian researchers shows that opening up protected areas in the Amazon to mining projects would lead to massive losses of forest coverage.
-
-
Visit: 327
Iron ore price marks quarterly losses on China covid
Mining News Pro - Dalian and Singapore iron ore marked their second quarterly losses, despite some gains on Friday, as worries over a stringent zero-covid policy and property sector jitters in top steel producer China continued to dominate markets.
-
-
Visit: 616
Gold price set for longest run of weekly losses since 2018
Mining News Pro - Gold is heading for its fifth weekly loss, the longest streak of such declines in almost four years, with haven credentials sidelined by investors becoming super-bullish on the US dollar.
-
-
Visit: 809
Madagascar’s Ambatovy mine on track to deliver ‘no net loss’ of surrounding forest
Mining News Pro - Recent research led by Bangor University found that Sumitomo’s Ambatovy cobalt-nickel mine in eastern Madagascar is on track to deliver ‘no net loss’ of the unique forest habitat destroyed by the operation.
-
-
Visit: 474
Newly discovered ‘strange metal’ could be key to lossless power grids, quantum computers
Mining News Pro - A team of American and Chinese researchers have found strange metal behaviour in a material in which electrical charge is carried not by electrons, but by wave-like entities called Cooper pairs.
-
-
Visit: 670
Gold price extends loss with bond yields
Mining News Pro - Gold extended its decline heading into 2022, falling by more than 1% on Monday as a risk-on rally in equities pressured bullion, with investors shrugging off concerns surrounding the omicron coronavirus variant.
-
-
Visit: 506
St Barbara swings to a loss
Mining News Pro - Gold miner St Barbara has reported a statutory loss of A$177-million for the 2021 financial year, compared with a statutory profit of A$128-million in the previous financial year.
-
-
Visit: 350
Cameco shares surge despite posting Q1 loss
Mining News Pro - Despite the near-term costs of its business strategy and the unplanned disruptions due to the covid-19 pandemic, Cameco ended the first quarter of 2021 with over a billion dollars in cash, and was successful in adding 9 million pounds U3O8 to its long-term contract portfolio.
-
-
Visit: 676
Cameco shares surge despite posting Q1 loss
Mining News Pro - Despite the near-term costs of its business strategy and the unplanned disruptions due to the covid-19 pandemic, Cameco ended the first quarter of 2021 with over a billion dollars in cash, and was successful in adding 9 million pounds U3O8 to its long-term contract portfolio.
-
-
Visit: 618
New Hope faces legal claims as it swings to a loss
Mining News Pro - Coal miner New Hope Corporation has vowed to defend itself against legal proceedings against two of its now defunct subsidiaries, while also announcing that it had swung to a loss during the first six months of 2021.
-
-
Visit: 539
Pilbara narrows losses in first half
Mining News Pro - Lithium miner Pilbara Minerals has seen a 56.5% increase in revenue for the half-year ended December, and a 66.7% increase in profits.
-
-
Visit: 1055
BHP operating normally at Cerro Colorado after court loss
Mining News Pro - BHP said operations continue at its Cerro Colorado copper mine in Chile after the country’s Supreme Court upheld local indigenous communities’ complaint about the project’s water use.
-
-
Visit: 511
Mining could suffer $350bn loss from climate change inaction
Mining News Pro - Mining is anticipated to be the second hardest-hit industry in Australia should there be an inaction to mitigate climate change, according to Deloitte.
-
-
Visit: 685
Petra narrows full-year loss, but curtailed demand cuts earnings by nearly 60%
Mining News Pro - Petra Diamonds has posted a net loss of $223-million for the financial year ended June 30 – an improvement on the net loss after tax of $258-million reported for the 2019 financial year.
-
-
Visit: 600
Covid-19 impact lead to widened loss for Eastplats
Mining News Pro - Eastern Platinum (Eastplats) has reported a widened loss to shareholders of $11-million for the nine months ended September 30, compared with a loss of $3-million, or $0.03 apiece, posted for the nine months ended September 30, 2019.
-
-
Visit: 740
St Barbara to recoup Gwalia production losses
Mining News Pro - St Barbara has experienced a greater-than-anticipated production shortfall at the Gwalia gold mine in Western Australia due to a fall of ground last month.
-
-
Visit: 624