Gold prices steadied on Friday as
investors took stock of doubts raised over the efficacy of an
inexpensive coronavirus vaccine, but the precious metal was set
for a third week of declines.
The Baltic Exchange's main sea freight index rose for an eighth straight session to its highest in three weeks on Thursday, steered by stronger rates across all vessel segments.
The mining industry is making progress on the introduction of a zero carbon truck fleet by 2040, bringing in new partners as it strives to drive down emissions, the head of the International Council on Mining & Metals said on Tuesday.
JPMorgan (JPM) has earned record revenue of around $1 billion so far this year from trading, storing and financing precious metals, vastly outperforming rival banks, two sources familiar with the matter told Reuters.
One of the unions on strike at Chile's Candelaria copper mine has accepted a new 30-month collective agreement from Lundin Mining Corporation (LUNMF) on Friday, the company said in a statement. The Candelaria AOS Union, representing about 550 workers at Lundin's Candelaria operations in Chile, has accepted the last formal offer which was presented by Candelaria on Nov. 12, 2020, the company said.
Gold inched up and moved in a narrow
range on Wednesday, as investors weighed the prospects of a
COVID-19 vaccine against concerns over rising cases and the
possibility of further economic support ...
The main union in Mali, which represents workers at most of the country's gold mines, said its members would launch a 72-hour strike beginning at midnight on Tuesday to push for better pay and bonuses. The National Union of Malian Workers says it represents 80% of unionised workers in the country, including miners, teachers and health workers.
Chile's state-owned Codelco, the world's largest copper producer, said on Tuesday it had reached advanced contract agreements with two small unions at its sprawling El Teniente mine. The 36-month deal with the San Lorenzo and No. 7 El Teniente unions includes bonuses worth about $ 4,600, the company said.
The Baltic Exchange's main sea freight index, which tracks rates for capesize, panamax and supramax vessels, slipped on Monday due to lower rates for the capesize vessel segment. * The Baltic dry index shed 4 points, or 0.4%, to 1,111. * The capesize index fell 26 points, or 1.7%, to 1,481.
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