SOURCE: [MINING.COM] The potash industry is growing wary of the potential effects on prices the recent deal between Belarus-owned fertilizer group Belaruskali and China will have, as the nation has agreed to buy the firm's product, below the target sought by both Russia's Uralkali and the North American Canpotex consortium.
SOURCE: [Mining Weekly] - Six institutions will start setting gold prices electronically on Friday, as Intercontinental Exchange completes a sweeping change to London's bullion benchmarks and dispenses with the century-old gold "fix".
Since 1919, representatives from four or five banks have agreed a twice-daily price on which their customers - producers, consumers and investors - could trade and... [Read more...]
SOURCE: [Mining.com] - The copper price recovered from a one-month low on Wednesday to gain 3 percent on Thursday, as the metal markets reacted to a dovish Fed statement and news out of Indonesia that production has stopped at the Grasberg copper and gold mine.
Workers blocked an access road to Grasberg – the world's second largest copper mine by capacity – for the fourth day, Thursday, leading... [Read more...]
SOURCE: [Mining Weekly] - Mining and marketing giant Glencore on Thursday took the unprecedented step of announcing the signing of a major human rights commitment with a top human rights body, in a bid to keep its activities beyond reproach and squeaky clean.
In its latest step of many recent steps to keep the company firmly on mining's high road, the London-, Hong Kong- and Johannesburg-listed... [Read more...]
SOURCE: [Mining.com] - Goldman Sachs delivered a dire commodities outlook earlier this year, but RAB Capital Founder Philip Richards still sees compelling buying opportunities. In this interview with The Mining Report, Richards discusses his outlook for oil, gold, vanadium, zinc and nickel, and profiles companies with projects that will see the light of day even in harsh price environments. A few... [Read more...]
SOURCE: [Mining.com] - China, the largest potash consumer, is likely to pay more for the fertilizer this year as talks with Russian provider Uralkali, which wants to lift annual 2015 contract prices by about 10%, are proving to be particularly difficult this year.
While Uralkali, the world’s biggest potash miner, and other top producers such as North America's Canpotex consortium are aiming for... [Read more...]