US markets up, Nov. 9-13
The Dow Jones Industrial Average rose 4.42% to finish the trading week at 29,479.81 and the S&P 500 climbed by 2.16% to 3,585.15. Spot gold…
Asia
China targets 20% share of new energy vehicle sales by 2025
The Chinese government has launched a new energy vehicle (NEV) industry development plan that will see NEV sales account for 20% of the country’s total…
Editorial: China’s Five Year Plan prioritizes tech and domestic demand
As the United States posted its highest number of weekly coronavirus cases since the start of the pandemic and Americans headed to the ballot box…
China’s new infrastructure plan to boost metal demand: Fitch
China’s acceleration of its ‘new infrastructure’ plan will support the government’s beneficiation ambition in the metals industry, boosting production of high-end metals as opposed to…
The View from England: US elections are unnerving for global investors
An already catastrophic year for the global economy is suddenly even more uncertain as investors everywhere grapple with the likely impact of the U.S. presidential…
Nordgold matches Shandong Gold’s offer for Cardinal
A long-running battle between Nordgold (LSE: NORD) and China’s Shandong Gold Mining over Cardinal Resources (ASX: CDV) took a fresh turn, after the Russian gold…
Editorial: Souring Aussie-China relations puts coal in the crosshairs
Relations between Australia and China have been strained since Prime Minister Scott Morrison called for an independent global investigation into the origins (and initial handling)…
Canadian gov’t orders national security review of Shandong-TMAC deal
Months after shareholders of TMAC Resources (TSX: TMR) approved a takeover of the company by China’s Shandong Gold Mining, the federal government has ordered a…
OceanaGold lays off 496 employees, 400 contractors at Didipio in the Philippines
OceanaGold (TSX: OGC) has implemented the permanent lay-off of 496 employees at its Didipio gold and copper mine, located across the Nueva Vizcaya and Quirino…
Political turmoil in Kyrgyzstan raises risks for miners
Mining — more than most industries — relies heavily on infrastructure and institutions at locations where operations are based. The ongoing political chaos in Kyrgyzstan, which saw thousands…
Gold rally lifts top 50 mining stocks above US$1T for first time
MINING.COM’s ranking of the world’s 50 largest mining companies based on market value shows an industry recovering from its Covid-19 slump and moving into positive…
Canadian ‘flawless’ diamond sets online record of US$15.7M at auction
A rare, flawless 102-carat white diamond found at the now closed Victor mine in Canada, has sold for US$15.7 million (HK$122 million), a record price…