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Iron price gains as China imports leap to over 1 billion tonnes
Benchmark iron ore prices climbed on Tuesday after trade data showed Chinese imports of the steelmaking raw material topped 1 billion tonnes for the third year in a row as Beijing’s efforts to stimulate the economy pays off. The Chinese import price of 62% Fe content...
Copper price rally builds on record Chinese demand
The copper price rally continued on Tuesday after trade data showed Chinese imports of refined metal at the best level since March 2016 and concentrate shipments setting a fresh all-time high. In afternoon trading in New York, copper for delivery in March hit $2.8745...
Para purchases Colombian company for $5.5m
Para Resources announced that its wholly-owned subsidiary Colombia Milling entered into a binding letter of intent with Mineros to acquire 100% of the shares of Operadora Mineras for $5.5 million in cash. In a press release, Para said that the purchase of Operadora...
Resolute in talks to sell Ravenswood gold mine to EMR Capital
Australia’s Resolute Mining confirmed on Monday that is in advanced talks with private equity fund EMR Capital Management over the sale of Ravenswood gold mine in Queensland, Australia. The miner, which has been trying to make the asset look as attractive as possible...