The war in Ukraine intensifies, and this last Monday, March 7, metals such as gold and the copper they have accumulated new price gains in the face of the general advance due to a fear in the supply of these and the sanctions on Russia. The gold futures rose above $2,000 an ounce for the […]
Tag: gold
Russia prohibits its residents from transferring currency abroad
The Russian President, Vladimir Putinresponded this Monday, February 28, to Western sanctions for the invasion of Ukraine and decreed a ban on residents in Russia of transferring foreign currency abroad as a way of offsetting the fall in the value of the ruble. In addition to this measure, Russian exporters they will also be forced […]
World financial markets fall as the crisis in Russia and Ukraine escalates
The world bags, foreign exchange and haven assets fell after the launch of a Russian military offensive against Ukraine. Thus, the price of a barrel of oil exceeded 100 dollars this Thursday, rising 8.78%, for the first time in more than seven years. The crude Brent advanced 2.6% to $99.36 a barrel; Meanwhile in New […]
Bolsonaro issues decrees to promote gold mining in the Amazon
Brazilian President Jair Bolsonaro issued two decrees for gold prospecting with a focus on the Amazon rainforest, as published Monday in the Official Gazette. The Program for the Promotion of Small and Artisanal Mining, created by one of the decrees, seeks to strengthen policies and stimulate best practices, according to the text. The Amazon “will […]
Newmont buys Buenaventura’s stake in Yanacocha for US$300 million
Newmont Corporation Y Buenaventura Mining Company SAA announced the conclusion of a definitive purchase agreement, through which the former acquires its peer’s 43.65% stake in Minera Yanacocha, located in Cajamarca. Newmont will acquire Buenaventura’s interest for US$300 million, plus contingent payments linked to higher metal prices of up to US$100 million. According to the company, […]
Mining exports reached US$ 36,698 million between January and November 2021
The last Mining Statistical Bulletin (BEM) of the Ministry of Energy and Mines (Minem) revealed that, between January and November 2021, the export of mining products reached US$ 36,698 million, making it the highest historical figure. This result also reflected an increase of 56.6% compared to the same period in 2020. In detail, copper shipments […]