Page 50 - Min News Today

Refining giant Sinopec Corp sees China's diesel and gasoline demand growing more in the second quarter than in the first three months of 2023, a trend set to bolster the firm's profitability further this year.

Gold prices were poised for a second monthly gain on Friday as lingering economic concerns and an overall weakness in the dollar drove investors to the safe-haven asset, with markets now focused on the U.S. Federal Reserve's meeting due next month.

A unit of Chinese refiner Sinopec has won mining rights to develop a coal mine in the Inner Mongolia region of the country for 30.15 billion yuan ($4.36 billion), a company representative said on Friday.

Indonesia will allow miners Freeport Indonesia and Amman Mineral Nusa Tenggara to continue exporting copper concentrate until next year, despite a ban starting this June, to allow for their smelters to be completed, the mining minister said on Friday.

Rough diamond sales by Debswana Diamond Co dropped slightly in the first three months of the year, data released by the Bank of Botswana showed on Friday, as the market was more cautious about the current uncertain global macroeconomic outlook.

Sudan's military leaders and a coalition of civilian parties signed a framework deal on Monday that could launch a new political transition in the country.

Canadian Prime Minister Justin Trudeau on Friday linked the production of lithium in China to "slave labor" as he discussed his own country's efforts to ramp up production of the metal used in electric vehicle and other batteries.

Gold prices rose on Thursday on a softer dollar, while investors braced for a host of U.S. economic data ahead of a crucial Federal Reserve's policy meeting next week.

Shares of Excelsior Mining Corp. (TSE:MIN – Get Rating) dropped 3.6% during trading on Wednesday . The company traded as low as C$0.27 and last traded at C$0.27. Approximately 11,520 shares traded hands during trading, a decline of 78% from the average daily volume of 52,348 shares. The stock had previously closed at C$0.28. Excelsior […]

China has usurped India as the premier importer of lower-grade Australian thermal coal, but there are questions as to whether the shift is structural or driven by temporary price factors.