PNG puts Barrick, Zijin on notice over Porgera gold mine negotiations

PNG puts Barrick, Zijin on notice over Porgera gold mine negotiations

Papua New Guinea plans to take a larger share of the Porgera gold mine as part of lease-renewal talks, diluting the ownership of joint venture partners Barrick Gold Corp and Zijin Mining Group, the country’s commerce minister told Reuters on...

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Iron ore prices have peaked, will lose steam — report

Iron ore prices have peaked, will lose steam — report

Iron ore prices have peaked and will head lower from spot levels over the rest of the year as supply issues ease and Chinese demand temporarily softens due to current yuan strength, Fitch Solutions’ latest commodity price forecast finds. While...

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Trade War Escalation Nudges U.S. Closer to Recession: Reuters Poll

Trade War Escalation Nudges U.S. Closer to Recession: Reuters Poll

The recent escalation in the U.S.-China trade war has brought forward the next U.S. recession, according to a majority of economists polled by Reuters who now expect the Federal Reserve to cut rates again in September and once more next year...

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Cobalt, nickel, other battery metals face supply crunch by 2020s — report

Cobalt, nickel, other battery metals face supply crunch by 2020s — report

Growing global demand for batteries that power electric vehicles (EVs) and high tech devices is set to cause a supply crunch of lithium, cobalt and nickel by the mid-2020s, global consultancy Wood Mackenzie predicts. The firm’s latest research...

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Novartis’s older MS drug Gilenya wins Chinese approval

Novartis’s older MS drug Gilenya wins Chinese approval

Novartis’s Gilenya multiple sclerosis drug has won approval in China, the Swiss drugmaker said on Friday, as the company expands further into the world’s most-populous country’s growing healthcare sector. Nearly a decade after its U.S. approval...

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First large-scale mine a test for Latin America’s copper rookie

First large-scale mine a test for Latin America’s copper rookie

Ecuador’s ambition to become a mining superpower is being tested as the South American nation’s first large-scale copper mine starts operations. The $1 billion Mirador project in the Zamora-Chinchipe province started ramping up production...

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China’s gold hoard swells

China’s gold hoard swells

Central banks are going after gold in 2019, boosting holdings as economic growth slows, trade and geopolitical tensions rise, and some authorities seek to diversify their reserves away from the dollar. The People’s Bank of China said Monday it...

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China Says Existing U.S. Tariffs Must Be Removed for a Trade Deal

China Says Existing U.S. Tariffs Must Be Removed for a Trade Deal

Existing U.S. tariffs will have to be removed if there is to be a trade deal between Beijing and Washington, China’s commerce ministry said on Thursday. The leaders of the two countries agreed last weekend to relaunch trade talks that had...

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China News Weekly 117 – Tesla to Open Shanghai Gigafactory by Year End, City Official Says

China News Weekly 117 – Tesla to Open Shanghai Gigafactory by Year End, City Official Says

Click here to find more details This is NAI’s new China News Weekly. We will be covering the latest Chinese foreign investment trends every week. To continue to receive our China News Weekly, please click Here to subscribe.

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Global mined zinc production to ramp up — report

Global mined zinc production to ramp up — report

Global mined zinc production will continue to ramp up as strong zinc prices prompt miners to bring idled capacity back online and invest in new projects, according to a new Fitch Solutions report. The analyst’s outlook for global zinc production...

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China News Weekly 116 – Chinese electric automaker BYD opens first plant in Canada

China News Weekly 116 – Chinese electric automaker BYD opens first plant in Canada

Click here to find more details This is NAI’s new China News Weekly. We will be covering the latest Chinese foreign investment trends every week. To continue to receive our China News Weekly, please click Here to subscribe.

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