CAPITAL MARKETS

Majors lower

Markets subdued

Staff reporter
Markets subdued

Markets subdued

BHP (ASX: BHP) was 1.3% lower in afternoon Australian trade while in London, Rio Tinto (LSE: RIO) had closed down slightly in London and Glencore (LSE: GLEN) was 1.39% lower.

The gold price has lost a few dollars since this time yesterday and was last worth about US$1,294 on the spot market.

Barrick Gold (TSX: ABX) was off 0.17% in Toronto, while shares in Katanga Mining (TSX: KAT) gained more than 25% on news the Glencore subsidiary had settled its legal dispute in the Democratic Republic of Congo. 

Back in Australia, diversified Mineral Resources (ASX: MIN) fell again today, down more than 5% at the time of writing, as its hopes to acquire Atlas Iron fade.

MinRes also today announced it had agreed to acquire Cleveland-Cliffs' Koolyanobbing iron ore operation in Western Australia.

Cleveland-Cliffs (NYSE: CLF) had closed up 1.49% in New York yesterday and the Metal Bulletin 62% iron ore price was up 0.7% to US$67.23 per tonne.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.