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Vale to shut New Caledonia mine as buyer walks away
Vale is preparing to potentially shut down its nickel and cobalt operations on the Pacific island of New Caledonia after failing to reach an agreement on the asset’s sale with Australia’s New Century Resources. “Vale will now start the required steps to place VNC on...
Overview Market Close – September 08, 2020
Americas Name Value Net Change % Change DOW JONES INDUS. AVG 27,500.89 -632.42 -2.25% S&P 500 INDEX 3,331.84 -95.12 -2.78% NASDAQ COMPOSITE INDEX 10,847.69 -465.44 -4.11% NYSE COMPOSITE INDEX 12,688.07 0.00 0.00% S&P/TSX COMPOSITE INDEX 16,099.52 -118.49...
Polyus net profit up 63% on higher gold prices
Russian largest gold producer Polyus said on Monday that its second-quarter net profit rose 63% year-on-year to $684 million due to a 31% increase in gold prices. Its second-quarter adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) were at...
World’s biggest copper supplier saw sales slump last month
The biggest copper-producing nation just offered further insight into why markets have been tightening of late. Chile, which had managed to maintain production near pre-pandemic levels, reported copper shipments of $2.76 billion for August, an 11% drop from July,...