Mali's transitional government aims to review mining conventions signed with companies by the previous administrations, interim President Bah N'daw, said late on Friday following recommendations from the country's auditor general. Mali is one of Africa's largest gold producers.
Impala Platinum Holdings Ltd. (IMPUF) said Friday that total 6 E concentrate volumes rose 11% to 859,000 ounces for the first quarter of fiscal 2021, and that production losses attributable to the coronavirus pandemic were minimal. 6 E concentrates are platinum, palladium, rhodium, ruthenium, osmium and gold. The South African platinum miner said that for the period from July 1 to Sept. 30 gross metric tons milled at managed operations rose 18% to 6.13 million metric tons.
SYDNEY--Newcrest Mining Ltd. (NCMGF) said its first-quarter gold output fell 12% due to planned shutdowns at key operations, while forecasting an improved performance in the three months through December. Newcrest reported production of 503,089 troy ounces of gold in the three months through September, down from 573,175 ounces in the final quarter of the 2020 fiscal year. Copper output was also weaker at 34,763 metric tons compared to 40,196 tons in the prior quarter.
The threat of new coronavirus lockdown measures around the world dragged down raw materials prices Wednesday, heightening concerns among traders that investments tied to the global economy are set for another painful selloff. Commodities including oil and silver plummeted early in the year as lockdowns spread from China to Europe and the U.S., then staged a monthslong rebound this summer with the world economy reopening for business. That rally is starting to show cracks,...
The threat of new coronavirus lockdown measures around the world dragged down raw materials prices Wednesday, heightening concerns among traders that investments tied to the global economy are set for another painful selloff. Commodities including oil and silver plummeted early in the year as lockdowns spread from China to Europe and the U.S., then staged a monthslong rebound this summer with the world economy reopening for business. That rally is starting to show cracks,...
* Wall Street slumps as virus cases surge. * Dollar climbs to highest in over a week. * Silver drops to three-week low. * Interactive graphic tracking global spread of coronavirus: https://tmsnrt.rs/3mvcUoa. By Brijesh Patel.
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