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Mexico: Newmont’s Peñasquito strike will damage the national mining sector
The Mexican Chamber of Mines (Camimex) warns that the interruption of Newmont's Peñasquito gold and silver mining operations, due to a strike now in its fourth week, will have a significant impact on the already weak national mining production. Operations at the US...
Gold and silver: Polymetal considers divesting its Russian operations
Gold and silver producer Polymetal International is considering divesting its Russian operations, and its executives have resigned from Russian-related positions following the imposition of sanctions by the US. Last month, Washington included the Russian operations of...
Gold: Russian precious metal shipments to the United Arab Emirates, China and Turkey
The United Arab Emirates (UAE) has become a key trading hub for Russian gold since Western sanctions on Ukraine cut off Russia's more traditional export routes, Russian customs records show. The registers, which contain details of nearly a thousand gold shipments...
Platinum: the precious metal faces its biggest deficit in years
Rising demand from carmakers, industry and investors will push the global platinum market into its biggest deficit in years. This is the emerging change in the fortunes of platinum and its sister metal, palladium, both of which are mainly used in vehicle exhausts to...