Editorial: Commodities prices follow China’s economy south
China’s slowing economy and sinking stock market are wreaking havoc on already oversupplied commodity markets around the globe.
Asia
Royal Road driven by results at Gomec in Turkey
VANCOUVER — It’s been almost a decade since Tim Coughlin, a co-founder of Lydian International, was part of the team that stumbled across the multi-million-ounce Amulsar gold deposit in southern Armenia. Now, as president and CEO of…
Centerra swings back into profit
Centerra Gold (TSX: CG; US-OTC: CAGDF) posted a profit in the second quarter, amid a sea of red for gold miners hurt by lower commodity prices.
OceanaGold bids $856M for Romarco Minerals
OceanaGold (TSX: OGC; ASX: OGC) is offering to buy Romarco Minerals (TSX: R) in a friendly all-share, $856-million deal to secure low-cost growth in the form of the junior’s Haile gold mine, which is under construction in South Carolina.
Gold stocks that soared in 2015’s H1
Several gold producers have registered strong share price gains during the first half of 2015, despite price pressure on the yellow metal. The spot gold price dipped 0.7% from last year’s close to end June 30 at US$1,174 per oz. It has…
Editorial: Mitsubishi comes clean on WWII slave labour
Japan’s Mitsubishi Materials Corp. is showing corporate courage by formally apologizing for using American prisoners of war as forced labour at its mines and industrial complexes during World War II — the first Japanese company to…
Wall Street dips, June 29-July 2
U.S. equities fell ahead of the Independence Day weekend as Greece’s debt crisis continued. The Dow Jones Industrial Average and the S&P 500 Index both lost 1.2% to end at 17,730.11 and 2,076.78. The spot gold price slipped 0.6% to…
Kaizen to buy Pinaya in Peru
Kaizen Discovery
Editorial: China stock market crash hits commodities
While the year-long bubble in the Chinese stock market didn’t translate into higher commodity prices, the spectacular bursting of the bubble over the past month has slammed a wide swath of commodities — including iron ore, copper,…
B2Gold starts mine constructionat Fekola in Mali
B2Gold (TSX: BTO; NYSE-MKT: BTG) has kicked off construction at the Fekola open-pit gold mine in southwestern Mali, after releasing an optimized feasibility study and closing a previously announced US$350-million revolving credit facility.
Turquoise Hill on the rise after clearing hurdles
VANCOUVER — Copper-gold producer Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) has been on a strong run over the past eight weeks after promising press releases for its large-scale Oyu Tolgoi mine, 550 km south of Ulaanbaatar, Mongolia.
Monument tightens belts, focuses on gold in Malaysia
VANCOUVER — After delaying its Mengapur iron project in the Pahang state of Malaysia in February, Monument Mining (TSXV: MMY) is bracing for the long downturn by improving its gold production and slashing corporate costs.