Metals and Minerals

20.10.2020

Political havoc puts Kyrgyzstan’s mining sector flat on its back

Development of the Jerooy gold field has been temporarily suspended in the Talas region of Kyrgyzstan, the press service of Alliance Altyn LLC informed.

The situation at the mine is under control of the company. The object is guarded by the security service and people’s guards from among the local residents.

“On October 6, there was an unauthorized attempt to seize the field. Unknown persons...

Development of the Jerooy gold field has been temporarily suspended in the Talas region of Kyrgyzstan, the press service of Alliance Altyn LLC informed.

The situation at the mine is under control of the company. The object is guarded by the security service and people’s guards from among the local residents.

“On October 6, there was an unauthorized attempt to seize the field. Unknown persons...

20.10.2020

Bulls stick to bullion on political crossroads

Gold climbed on Monday as a softer dollar and optimism over a new U.S. stimulus agreement before next month's presidential election lifted demand for bullion as an inflation hedge.

Spot gold was up 0.7% at $1,912.22 per ounce by 1147 GMT. U.S. gold futures rose 0.5% to $1,916.

The dollar slipped 0.2%...

Gold climbed on Monday as a softer dollar and optimism over a new U.S. stimulus agreement before next month's presidential election lifted demand for bullion as an inflation hedge.

Spot gold was up 0.7% at $1,912.22 per ounce by 1147 GMT. U.S. gold futures rose 0.5% to $1,916.

The dollar slipped 0.2%...

20.10.2020

Base metals mostly higher as U.S. stimulus hopes lift sentiment

Base metals were mostly higher in range-bound trade on Monday on hopes of additional U.S. fiscal stimulus package, though gains were muted after top metals consumer China's third-quarter economic growth came in below forecasts.

Three-month copper on the London Metal Exchange was up 0.1% at $6,749 a tonne by 0705 GMT.

"Hopes...

Base metals were mostly higher in range-bound trade on Monday on hopes of additional U.S. fiscal stimulus package, though gains were muted after top metals consumer China's third-quarter economic growth came in below forecasts.

Three-month copper on the London Metal Exchange was up 0.1% at $6,749 a tonne by 0705 GMT.

"Hopes...

19.10.2020

Gold exports from Kyrgyzstan increase by 36.7% since the beginning of the year

The non-trade turnover in January-August 2020 amounted to USD3.5 billion and, compared to January-August 2019, decreased by 22.1%. This is stated in the materials of the National Statistical Committee.

Export supplies increased by 3.5%, amounting to $1 billion 264.3 million.

The increase in export deliveries in January-August 2020 compared to January-August 2019...

The non-trade turnover in January-August 2020 amounted to USD3.5 billion and, compared to January-August 2019, decreased by 22.1%. This is stated in the materials of the National Statistical Committee.

Export supplies increased by 3.5%, amounting to $1 billion 264.3 million.

The increase in export deliveries in January-August 2020 compared to January-August 2019...

19.10.2020

Bullion retains gains as US dollar resumes drop

Gold prices steadied in a tight range above the $1,900 an ounce level on Friday, tracking a subdued dollar, but fading chances of an U.S. stimulus agreement before the presidential election kept bullion on track for its first weekly decline in three.

Spot gold was steady at $1,907.46 per ounce by...

Gold prices steadied in a tight range above the $1,900 an ounce level on Friday, tracking a subdued dollar, but fading chances of an U.S. stimulus agreement before the presidential election kept bullion on track for its first weekly decline in three.

Spot gold was steady at $1,907.46 per ounce by...


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