Meandu Mine pays A$600 million to extend Downer contract
(Kitco News) – The Meandu Mine is the largest supplier of thermal coal in southern Queensland. The Tarong and Tarong North power stations are situated near the mine.
Read moreDecember’s junior miner metrics the best in over a year
(Kitco News) – The number of financings by junior and intermediate companies jumped to 274 in December 2019 from 159 in November. Positive project milestones rose to five from four.
Read moreDe Beers diamond production drops 15%
(Kitco News) – “In 2019, overall demand for rough diamonds was lower as a result of challenges in the midstream, with higher polished inventories and caution due to macro-economic uncertainty,” wrote the company.
Read moreGold sees decent gains as coronavirus concerns rise
(Kitco News) – Gold prices are higher and poised to close at a two-week high close at midday Thursday.
Read moreSwissmint created the world’s smallest gold coin; it comes with a magnifying glass
(Kitco News) – Bigger isn’t often better. In fact, one Switzerland-based mint might argue that good things come in small packages.
Where is gold headed next week? Vote now!
(Kitco News) – Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term
Read moreEconomic sentiment improving, but risks still remain tilted to the downside – ECB’s Lagarde
(Kitco News) – There appears to be some light at the end of the tunnel for the European Central Bank as positive economic sentiment appears to be improving.
Read moreMetals Focus: ‘palladium rally will continue this year’
(Kitco News) – Palladium’s volatility has picked up but the rally remains in tact, said the consultancy Metals Focus. After opening 2020 at $1,945 an ounce, the metal soared 32% to $2,577, but then corrected lower by some $200 in two days, analysts poi…
Read moreFreeport: 4Q copper, gold output top forecasts
(Kitco News) – Freeport-McMoRan Inc. (NYSE: FCX) reported a smaller fourth-quarter profit Thursday but said that copper and gold output were higher than its autumn estimate and that copper production should rise in 2020 and 2021.
Read moreGold price ignores in-line U.S. weekly jobless claims data
(Kitco News) – The gold market is seeing little action as momentum in the U.S. labor market remains steady, according to the latest report from the Labor Department reported.
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