Canadian miner Teck Resources beat analysts’ estimates for fourth-quarter profit on Thursday, helped by higher copper production volumes at its Chile mine. Total copper output in the quarter came in at 122,100 tonnes, a 19% jump from a year earlier, with ...
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Anglo American posts $3.1 billion loss on writedowns
LONDON, Feb 20 (Reuters) – Anglo American posted an annual loss of $3.1 billion on Thursday after taking an impairment of $3.8 billion, mostly due to its ailing diamond unit, as it races to restructure into a major copper producer ...
Gold extends gains as Trump tariffs fuel safe haven flows
Feb 18 (Reuters) – Gold prices rose for a second straight session on Tuesday, but traded below the recent all-time highs, as uncertainty around U.S. President Donald Trump’s tariff plans continued to fuel economic growth concerns and safe haven flows ...
Vale in advanced talks to sell Brazil renewable assets to GIP, sources say
SAO PAULO, Feb 13 (Reuters) – Brazilian mining giant Vale is in advanced talks to sell a majority stake in a renewable energy unit and a solar plant to U.S.-based investment firm Global Infrastructure Partners (GIP), two people familiar with the ...
Gold set for seventh weekly gain as trade war risks lift demand
Feb 14 (Reuters) – Gold prices gained on Friday and were poised for a seventh consecutive weekly gain, as U.S. President Donald Trump’s plans to impose reciprocal tariffs on every country taxing U.S. imports fuelled concerns of a global trade ...