A U.S. judge approved the sale of shares in Venezuelan-owned refiner Citgo's parent company to pay Canadian gold miner Crystallex a $1.4 billion judgment for expropriation of its assets, even as the Treasury Department blocks the sale of the shares.
Global miner Rio Tinto said on Thursday it had reached an agreement with electricity provider Meridian Energy (MDDNF) to allow its aluminium smelter in New Zealand to continue operations until December 2024. Rio Tinto had said in July that it would close New Zealand's Aluminium Smelter, which is the country's single largest power user, due to high costs and a challenging market.
Global miner Rio Tinto said on Thursday it had reached an agreement with Meridian Energy (MDDNF), an electricity provider, which would allow its aluminium smelter in New Zealand to continue operations till December 2024.
- Rescue teams were on Tuesday racing to save 22 workers trapped underground for over two days after an explosion at a gold mine under construction in eastern China, as state media criticised a 30-hour delay in reporting the accident. Rescue workers were unable to contact the trapped workers because the blast damaged their communication system, the official Xinhua news agency reported.
* Biden to deliver a plan costing "trillions" of dollars. * Benchmark 10-year Treasury yields near 10-month highs. * Interactive graphic tracking global spread of coronavirus: https://tmsnrt.rs/3mvcUoa. By Shreyansi Singh.
- Rescue teams were on Tuesday racing to save 22 workers trapped underground for over two days after an explosion at a gold mine under construction in eastern China, as state media criticised a 30-hour delay in reporting the accident. Rescue workers were unable to contact the trapped workers because the blast damaged their communication system, the official Xinhua news agency reported.
* Biden to deliver a plan costing "trillions" of dollars. * Benchmark 10-year Treasury yields firm at 10-month highs. * Interactive graphic tracking global spread of coronavirus: https://tmsnrt.rs/3mvcUoa. By Asha Sistla.
Gold investors critical of lavish executive payouts plan to vote down compensation at upcoming annual shareholder meetings, as soaring prices for the precious metal spur dealmaking. It is the latest knock against an industry that had only recently won back investor favor after being shunned due to disappointing returns.
- Chinese authorities have dispatched rescue workers to a gold mine in the country's northeast after 22 workers were trapped underground following an explosion, Xinhua news agency reported on Tuesday. The accident happened at 2 p.m. local time on Sunday in Xicheng Township, located in eastern Shandong province.
INTERNATIONAL MONETARY FUND: * UNITED ARAB EMIRATES RAISED GOLD HOLDINGS BY 5.039 TONNES TO 51.426 TONNES IN 2020 NOVEMBER. * SERBIA, REP. OF RAISED GOLD HOLDINGS BY 3.167 TONNES TO 35.471 TONNES IN 2020 NOVEMBER.
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