COPPER

IBTimes Logo

Gold Flatlines; Greece Bailout Hopes Support

Gold prices held steady on Friday, after optimism that Greece may soon secure an urgently needed bailout helped the metal recover from a one-week low hit in the previous session.
More news
A riot policeman kicks a protester during clashes in Athens

Facing Uncertain Weekend, Investors Flee to Safe Assets

Investors flocked to the security of safe-haven assets Friday, like U.S. Treasuries and cash dollar holdings, ahead of what is expected to be a volatile weekend in Athens, already rocked by riots and tense government negotiations.
Gold bars

OceanaGold Signs Off-take Deal for Didipio Output

Australian miner OceanaGold expects to sign an off-take agreement in six months with a trading firm for gold and copper from its flagship $350-million Didipio mine in northern Philippines, set to begin production at the end of 2012, a top company official said on Friday.
Lihir Gold Mine

Newcrest Mining Books Record Six-Month Profit

Newcrest Mining Ltd., Australia's largest gold and copper mining company, said Friday profits in the second half of last year shot up 50 percent to a record level on sharply higher gold and copper prices.
Gold pellets

Gold Prices Fall after Greek Deal Appears Dead

Gold prices fell back Friday, just hours after an apparent deal between debt-choked Greece and potential Eurozone lenders reinvigorated hopes the nation would not be forced to default on its loans.
IBTimes Logo

Doubts on Greece Deal Weigh on Asian Stocks, Euro

The euro and Asian shares pulled back Friday as investors remained concerned about prospects of restructuring Greece's debt and global lenders demanded more steps even after it struck a long-awaited deal on fiscal reforms.
A demonstrator's sign is seen outside the JPMorgan Chase annual shareholders meeting in New York's financial district

Negotiations in Europe, U.S. Lift Markets

Negotiations on both sides of the Atlantic Ocean, between Greece and its lenders and between big U.S. banks and the federal government, boosted the willingness of investors Thursday to move into risk assets, many of which posted gains.
AngloGold Ashanti gold mine in Ghana

Miners in Africa Facing Soaring Costs

Labour demands in the south, power problems in the east and new tax burdens in the west: wherever you look in Africa, miners face a perfect storm of soaring costs.
IBTimes Logo

Global Securities Tread Water as Greece Negotiates

Global securities, whether stocks, commodities or currencies, held earlier gains or losses Wednesday as the world awaited the outcome of talks between debt-choked, strife-torn Greece and benefactors demanding more tax hikes and government budget cuts in exchange for bailout money.
Platinum bars

Ivanplats to Produce Platinum at Negative Cost - Report

Ivanplats, controlled by Ivanhoe Mines founder Robert Friedland, expects to produce platinum at negative cost at its giant Platreef complex in South Africa, potentially shaking up an industry squeezed by stoppages, rising wages and power charges.
IBTimes Logo

U.S. Stocks Extend Rally on Earnings Surprises; Euro Rises

U.S. stocks rose modestly Tuesday as strong earnings from Coca-Cola Co. and Yum! Brands Inc. offset concerns that Greece would default next month on a $19 billion euro bond redemption. European and Asian stocks were mixed, reflecting similar concerns.
IBTimes Logo

Nevsun Resources Bisha Output Drop

Canada's Nevsun Resources Ltd expects gold production at its Bisha mine in Eritrea to nearly halve in 2012 due to a cut in its reserve estimate.
Super Pit gold mine

Gold Prices Retreat on Greek Default Worries

Gold prices declined Monday on concerns Greece will - despite the Eurozone's two years of efforts - default on its massive sovereign debt, with acute consequences for global economic growth.
IBTimes Logo

Gold Edges up After Heavy Losses on U.S. Jobs Surprise

Spot gold edged higher on Monday after surprisingly strong U.S. jobs data sent prices down nearly 2 percent in the previous session, as investors shifted focus to a looming deadline for Greece to accept the terms of a new bailout deal.
Nepali Girls

Wedding: Nepali Girls Wed God Vishnu

Hundreds of Nepali girls set to take part in the rite that weds them to the god Vishnu over the coming month, a symbolic time of weddings according to tradition in this Hindu nation.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.