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Buenaventura stops mining in Peru due to permit delays
Buenaventura, Peru's largest listed precious metals producer, has suspended its Colquijirca Tajo Norte zinc-lead-silver mine for up to three years due to permit delays. The approval of a modified environmental impact study for the mine's processing plant has been...
Steel: Ukraine could double production with the opening of seaports
Ukraine will increase its steel production to 6.5 million tonnes in 2023, but could double it if its seaports are unblocked, the head of steel producers' union Ukrmetalurgprom said on Thursday. Ukraine was ranked 25th among steel producing countries in 2022, when the...
Gold: strike ends at Mexico’s main Penasquito mine
A four-month strike has been called off at Newmont's Penasquito gold mine in Mexico after workers and the company reached an agreement to increase wages. Mexico is one of the top 10 gold producing countries and Penasquito is one of the most productive precious metal...
Copper: funds sell the metal as the technical picture deteriorates
Fund managers are taking an increasingly bearish view of copper's short-term prospects as the price is testing the lower end of its annual trading range. Three-month copper on the London Metal Exchange (LME) broke through the $8,000 per tonne level this week for the...