Tanzania's gold exports rose to to $3 billion in the 12 months to the end of July, up 9.9% compared with the year- earlier period, the country's central bank said Wednesday. The increase in exports from $2.73 billion a year earlier was largely thanks to relatively high gold prices in the world market, the bank said in its August economic review. The average price of the precious metal on the global market rose 16% on year, to $1,846.80 a troy ounce in the 12- month period, as uncertainty...
Energy companies' efforts to get workers back to production platforms and refineries to make repairs after Hurricane Ida lashed Louisiana are being stymied by the extent of infrastructure damage from the storm, executives said. Hurricane Ida tore through the U.S. Gulf of Mexico, pushing several feet of water into coastal plants and toppling transmission towers inland.
* Palladium heads for biggest monthly drop since Jan. * Dollar hits more than three-week low. * U.S. 10-year yields slip to one-week low. * European stocks set for seventh straight month of gains. By Brijesh Patel.
* Energy firms cut 1.6 million barrels, 59% of Gulf of Mexico oil. * Workers flee 90 offshore facilities; refiners cut production. By Sabrina Valle and Erwin Seba. U.S. oil and gas companies on Friday cut more than 1.6 million barrels of oil production as a major storm churned toward oilfields that provide 17% of the nation's oil production.
WINSTON-SALEM, N.C., Aug. 27, 2021 C2 Communications, a national award-winning public relations and marketing firm, has partnered with Excel Guyana, Inc. to raise awareness of the diverse business growth opportunities, infrastructure improvements and joint-venture construction projects needed to support Guyana's oil and gas boom.
DUBAI, U.A.E, Aug. 26, 2021 As per Future Market Insights analysis, the global market for rare earth metals is projected to grow at a CAGR of 6% over the forecast period 2021-2031, surpassing a valuation of US$ 3,818.8 Mn in 2021. Paradigm shift in manufacturers' behavior towards seeking eco-friendlier alternatives to petroleum is boosting sales of hybrid vehicles.
CLEVELAND, Aug. 25, 2021 Felux, the fastest growing B2B marketplace and supply chain platform for the steel and industrial industry, today announced the company has raised $5.1m in seed funding led by Expa, with participation from 8VC and Lightbank.
* U.S. business activity growth slowed in August - IHS Markit. * A recession bringing lasting support to gold unlikely - analyst. * Palladium extends gains, up over 2.5% By Nakul Iyer.
Solid demand across dry bulk vessels segments propelled the Baltic Exchange's main sea freight index to its highest level in more than a decade on Tuesday, with larger capesizes stretching a winning streak to a 10th straight day. * The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 54 points to 4,201, its highest since mid-2010.
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