Global insight

IMF Says More Work Needed on Yuan Reserve-Currency Decision

The International Monetary Fund said the yuan trails its global counterparts in major benchmarks and that "significant work" in analyzing data is needed before deciding whether to grant the Chinese currency reserve status.

Thursday, August 6, 2015

Greece and Lenders Want Bank Recapitalisation Done by Year-end

Greece and its international lenders want the country's banks to complete their recapitalisation by the end of this year, the country's finance minister said on Wednesday after talks with creditor representatives.

Thursday, August 6, 2015

Mining Minister Says Glencore Has Alternatives to Retrenchment

Mineral Resources Minister Ngoako Ramatlhodi says international mining giant Glencore should have looked at alternatives to retrenchments, including shifting workers to vacancies in other operations, before considering the potential retrenchment of about 1 000...

Thursday, August 6, 2015

First Quantum Mulls Development Delays to Preserve Cash

First Quantum, which primarily mines copper, but also nickel and gold, is trying to alleviate the impact of a 24 percent reduction in power supply in Zambia.

Wednesday, August 5, 2015

First Nickel Resumes Operations at Lockerby after Explosion

Mining and explosion company First Nickel resumed normal operations on Monday, following an underground explosion at its Lockerby mine, south-west of Sudbury, in Ontario, on Sunday morning.

Wednesday, August 5, 2015

Russia's Norilsk Nickel Production Falls in Q2

Russia's MMC Norilsk Nickel announced its nickel production reached 64,000 tons in the second quarter of 2015, dropping by 5% from the last quarter.

Wednesday, August 5, 2015

TVI's Philippine Affiliate JV Completes Four Shipments of Nickel Ore in July 2015 at the Agata Nickel Laterite Project?

"As the operator, TVIRD has put in a tremendous amount of effort to ensure that the Agata nickel laterite operations remain viable and to align its mining activities with today's market conditions," stated Clifford James, Chairman and CEO of TVI and Chairman o...

Wednesday, August 5, 2015

Philippine to Mine Nickel until Year End with Help from EI Nino

Philippine nickel miners, hit by a slump in prices, may have found an unexpected ally in the El Nino. They are betting the dryness linked to the weather event will let them mine until year end instead of typically shutting due to seasonal rains.

Wednesday, August 5, 2015
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