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Australian nickel output to defy global deceleration
Australia is set to grow its nickel production against a significant global slowdown for the commodity over the next decade, according to Fitch Solutions. The world’s nickel ore production could fall by 15.4 per cent year-on-year in 2020 due to the introduction of a...
Seven Emergency Rate Cuts
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Stronger gold drives Polymetal profit to record high
Polymetal said on Wednesday its 2019 net earnings rose 36% to a record high of $483 million due to stronger global gold prices and higher output. The spread of the coronavirus this year has driven a further jump in gold prices with spot gold in London registering its...
Barrick completes Massawa-Sabodala combination
Barrick Gold has completed the recently announced transaction of combining its Massawa gold project in Senegal with Teranga Gold’s Sabodala gold mine. Barrick and its Senegalese partner held a 90% interest in the Massawa project. As part of the transaction, Barrick...