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.
Barrick Gold Corp (GOLD): * Barrick Gold Corp (GOLD) - CO'S LOULO-GOUNKOTO COMPLEX REMAINS ON TRACK TO MEET UPPER END OF ITS 2020 GUIDANCE. * BARRICK GOLD (GOLD)- LOULO-GOUNKOTO COMPLEX REMAINS ON TRACK TO MEET UPPER END OF 2020 GUIDANCE IN FACE OF MULTIPLE CHALLENGES INCLUDING MILITARY COUP IN MALI Source text for Eikon: Further company coverage:
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...
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