Global mining news
Here are some recent global mining news stories:
1. Gold Prices Soar as US-China Trade Tensions Escalate
Gold prices surged to a six-year high on Monday, as investors sought safe-haven assets amid escalating US-China trade tensions. The price of gold rose 1.3% to $1,603.50 per ounce, its highest level since September 2013. (Source: Bloomberg)
2. Rio Tinto to Invest $1.5 Billion in Australian Iron Ore Mine
Rio Tinto has announced plans to invest $1.5 billion in its Iron Ore Mine in Western Australia, which is expected to increase production by 15 million tonnes per year. The investment will create 1,500 new jobs and support the local economy. (Source: The Australian)
3. Glencore to Sell $1.5 Billion Worth of Copper and Zinc
Glencore has announced plans to sell $1.5 billion worth of copper and zinc from its mines in Peru and Canada. The sale is part of the company's efforts to reduce its debt and improve its financial position. (Source: Reuters)
4. BHP to Invest $2.5 Billion in Australian Coal Mine
BHP has announced plans to invest $2.5 billion in its coal mine in Queensland, Australia. The investment will increase production by 10 million tonnes per year and create 1,000 new jobs. (Source: The Sydney Morning Herald)
5. Chile's Copper Production Falls 4.5% in Q2
Chile's copper production fell 4.5% in the second quarter, due to a decline in output from state-owned Codelco's mines. The country is the world's largest copper producer, accounting for around 30% of global production. (Source: Reuters)
6. Anglo American to Sell Brazilian Iron Ore Mine
Anglo American has announced plans to sell its Brazilian iron ore mine to a consortium of investors for $1.2 billion. The sale is part of the company's efforts to reduce its debt and focus on its core assets. (Source: The Financial Times)
7. South Africa's Mining Industry Sees 10% Decline in Production
South Africa's mining industry saw a 10% decline in production in the second quarter, due to a decline in output from gold and platinum mines. The country is a major producer of gold, platinum, and other minerals. (Source: Bloomberg)
8. Newmont Goldcorp to Invest $1.2 Billion in Nevada Gold Mine
Newmont Goldcorp has announced plans to invest $1.2 billion in its gold mine in Nevada, USA. The investment will increase production by 10% and create 500 new jobs. (Source: The Wall Street Journal)
9. Indonesia to Increase Mining Royalties
Indonesia has announced plans to increase mining royalties from 3% to 5% to boost government revenue. The move is expected to impact foreign mining companies operating in the country. (Source: The Jakarta Post)
10. Canada's Mining Industry Sees 5% Decline in Production
Canada's mining industry saw a 5% decline in production in the second quarter, due to a decline in output from gold and copper mines. The country is a major producer of gold, copper, and other minerals. (Source: The Globe and Mail)
These are just a few of the latest global mining news stories. If you'd like to stay up-to-date with the latest news and trends in the mining industry, I'd be happy to help you with that!