China is stocking up on grains, metals and other commodities, providing a boost to industrial bulk shipping companies as Beijing braces for a potential new wave of supply-chain disruptions from rising Covid-19 infections among the country's Western trading partners. China is the world's biggest commodity importer, making up roughly 40% of the dry-bulk shipping market, and its rebounding economy has been driving a surge in prices for industrial commodities, including...
Barrick Gold Corp (GOLD) said on Friday Tanzania has awarded 10 new exploration licenses to the Canadian miner and it plans to spend $8 million to carry out exploration in the country this year. Barrick oversees the management of its assets in Tanzania through Twiga Minerals Corp, a joint venture formed last year between the company and the government of Tanzania.
Barrick Gold Corp (GOLD): * BARRICK GOLD (GOLD) - HAS BEEN AWARDED 10 NEW EXPLORATION LICENSES IN TANZANIA, PLANS TO SPEND $8 MILLION ON EXPLORATION THERE THIS YEAR Source text for Eikon: Further company coverage:
Sibanye-Stillwater Ltd. (SBSW) said Friday that it has signed a new wage agreement with two unions representing workers from its Kroondal platinum-group-metals mine in South Africa. The Johannesburg- and New York-listed miner said the deal is for the three years from July 2020 to June 2023.. Sibanye-Stillwater (SBSW), the National Union of Mineworkers and the Association of Mineworkers and Construction Union agreed to a 5% or a 1,000 rand monthly basic wage increase for the first...
* Futures will trade on Shanghai International Energy Exchange. * Bourse seeks market makers to ensure liquidity upon launch. * Contract will create more arbitrage opportunities - LME chief.
Barrick Gold Corp (GOLD): * Barrick Gold Corp (GOLD) - KIBALI MINE IS ON TRACK TO DELIVER AT UPPER END OF ITS 2020 GUIDANCE Source text for Eikon: Further company coverage:
Copper prices have risen to their highest levels in nearly 2 1/ 2 years, highlighting the strength of China's economic recovery along with investors' anticipation that the transition to electric cars will stoke demand for the industrial metal. Most actively traded copper futures rose to nearly $3.20 a pound on the Comex division of the New York Mercantile Exchange Wednesday, hitting their highest level since June 2018 and bringing their rebound in the past six months to around...
Copper prices, often seen as a proxy for global economic growth, are hovering near their highest level in 28 months amid mine closures and strong Chinese demand. Three-month copper futures on the London Metal Exchange, the international benchmark, were trading at $6,910 a ton on Thursday. The industrial metal had hit an intraday high of $7,034 on Wednesday.
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