Mining Industry Market Reports

For a long time, “hedging” was a very bad word in the gold mining business. But hedging has enjoyed a small-scale revival as prices plummet back to earth. However, activity was muted in the third quarter. A new report by Societe Generale and Thompson Reuters GFMS found that gold producer…
TORONTO • In the short-term, the diplomatic breakthrough between the United States and Cuba changes very little for Sherritt International Corp. and the dozens of other Canadian companies active in Cuba. But a potential lifting of the U.S. embargo would have a transformative impact on them. Sherritt’s stock jumped more…
Angola sees production from two gold mines being developed in the country’s north starting in 2017, helping diversify the economy of Africa’s second-biggest oil producer, Minister of Geology and Mines Francisco Queiroz said. About $600 million has been invested in exploration for the metal at Mpopo in the southern Huila…
The Democratic Republic of Congo’s state-owned copper miner is on track to deliver its lowest output since 2004, the year after Africa’s biggest war ended.A shortage of power low-grade ore and equipment breakdowns hurt output.     In the first nine months of the year Gecamines produced a fifth of…
Joy Global Inc. (JOY), the world’s largest maker of underground mining machinery, said it expects to see further declines in mining-industry capital expenditure during a “challenging” 2015. Next year “will again present challenges as oversupplied commodity market dynamics play out,” Chief Executive Officer Ted Doheny said today in the Milwaukee-based…
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