BHP shuts Anglo out of Ekati
It was a relationship that couldn’t last: BHP Billiton has notified its global rival, Anglo American, that it would not renew its agreement allowing Anglo subsidiary De Beers the right to marke…
It was a relationship that couldn’t last: BHP Billiton has notified its global rival, Anglo American, that it would not renew its agreement allowing Anglo subsidiary De Beers the right to marke…
With prices surging US$8 into the mid-US$320-per-oz. range, producers of the yellow metal proved to be the only bright spot in the U.S. markets during the report period ended Sept. 24.The U.S.-listed …
A market rout on September’s first trading day in the U.S. might be a sign of further carnage to come this fall. For the report period ended Sept. 3, the major indices retested post-9-11 lows, with th…
An ambush along a road near Freeport-McMoRan Copper & Gold’s (FCX-N) Grasberg mine in Indonesia’s Papua province has left three dead.A band of about 15 people armed with M-16 automatic weapons and a r…
In another typical display of these troubled times, U.S. markets reversed course to finish the Aug. 21-27 report period worse off than when they started.The Dow Jones Industrial Average slipped 47.66 …
A strong rally in the U.S. markets over the report period Aug. 13-20 brought the Dow Jones Industrial Average up 4.6% and the broader Standard & Poor’s 500 up 6%.The Dow finished the period at 8,872.0…
The stocks of South African-based miners headed south during the report period ended July 30 as political risk made a stark reappearance.In a document leaked to a Johannesburg-based web site in late J…
The 7-day period that ended July 23 was marked by relentless waves of panic selling in markets across the world. In the U.S., the S&P 500 index sank 11.4% to 797.71 points, the Dow Jones Industrial Av…
True to its early-July warning, Freeport-McMoRan Copper & Gold (FCX-N) has seen its bottom line eroded by heavy rainfall and lower head grades at the Grasberg mine in Indonesia.In the second quarter, …
Stock markets in the U.S. were little-changed over the holiday-shortened trading period July 3-9. Over four trading days, the Dow Jones Industrial Average managed a 1% gain, to 9,096.09 points, while …
Heavy rainfall at its Grasberg mine in Irian Jaya, Indonesia, combined with delays in reaching higher-grade ore, has forced Freeport McMoRan Copper & Gold (FCX-N) to lower its forecast production and …
With bullion prices finding new support at around US$318 per oz., the U.S.-listed gold companies spent the report period June 12-18 consolidating at levels about 5% lower than the 52-week highs attain…
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