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Mongolia cancels Tavan Tolgoi’s $1 billion IPO plan
Mongolia has cancelled an executive order to fund its giant Tavan Tolgoi coal project through an international initial public offering (IPO), citing “political distortions” and the current dire state of global financial markets. Erdenes Tavan Tolgoi (ETT), the...
Papua New Guinea hits back at Barrick for halting Porgera
Papua New Guinea is threatening to take immediate control of Barrick Gold’s Porgera mine after the company’s local unit halted operations over the weekend following news that the mining lease would not be renewed. Barrick, the world’s second-largest gold miner, and...
Overview Market Close – April 28, 2020
Americas Name Value Net Change % Change DOW JONES INDUS. AVG 24,101.55 -32.23 -0.13% S&P 500 INDEX 2,863.39 -15.09 -0.52% NASDAQ COMPOSITE INDEX 8,607.73 -122.43 -1.40% NYSE COMPOSITE INDEX 11,319.70 +54.86 +0.49% S&P/TSX COMPOSITE INDEX 14,798.29 +156.18...
Extended lockdowns to hit copper production
Peruvian copper mine Antamina, owned by BHP and Glencore, reported on Monday 210 positive cases of coronavirus and said the date to restart operations is still uncertain. One of the largest copper/zinc mines in the world, Antamina produced 101 million tonnes of copper...