The 2,492 carat diamond. (Image courtesy of Lucara Diamond.) Canada’s Lucara Diamond (TSX: LUC), has dug up a 2,492 carat diamond from its prolific Karowe mine in Botswana, the world’s second-largest stone ever mined in terms of size. The “epic” diamond, as Lucara put it, was detected and recovered by the company’s Mega Diamond Recovery (MDR) X-ray Transmission […]
Lucara finds world’s 2nd largest diamond ever mined Read More »
Hedge fund manager Pierre Andurand expects the price of copper to almost quadruple to $40,000 a tonne in the next few years as soaring demand causes global stockpiles of the red metal to run low.
Copper price to rocket to $40,000 a tonne, says top trader Andurand Read More »
Anglo American (LON: AAL) has rejected a $39 billion takeover offer from BHP (ASX: BHP) conditional to the target company divesting its platinum and iron ore businesses in South Africa.
Anglo American rejects “opportunistic” $39bn takeover bid from BHP Read More »
The commodity trading industry reaped its second-best year ever in terms of profits, banking over $100 billion and building up a mountain of cash to spend on assets and breaking into new markets.
Global commodity trading profits topped $100 billion for second-best year ever Read More »
Goldman Sachs, Macquarie, and some hedge funds have boosted physical trading and options trades in uranium amid soaring prices, as many countries look to increase nuclear power generation to meet their climate goals while reducing the need of fossil fuel imports.
Goldman Sachs Boosts Physical Uranium Trades Amid Soaring Prices Read More »
Chile is targeting an acceleration of its nascent copper-production recovery over the coming years in what would help fill a predicted supply gap as the energy transition spurs demand for the wiring metal.
Chile targets million-tonne copper boost in tightening market Read More »
As professional golfers continue to express concerns about the PGA Tour’s deal with the Saudi-backed LIV Golf, Tiger Woods has joined the board of directors in a concession to player demands.
Goldman Sachs (GS) on Monday agreed to sell off its $29 billion Personal Financial Management (PFM) unit to Creative Planning, a Kansas-based Registered Investment Advisor (RIA).
Goldman Sachs Sells Off $29 Billion Investment Advisory Business Read More »
Saudi Arabia has made big plays in the world of global sports in an attempt to raise its profile on the world stage.
Saudi Arabian Sovereign-Wealth Fund Offered Over $20 Billion for F1 Last Year Read More »
KKR & Co.’s Henry Kravis said the proposed partnership between the PGA Tour and LIV Golf is the best thing for the sport, bringing an end to the acrimony between the traditional tour and the Saudi Arabia-backed upstart tournament.
KKR’s Henry Kravis Praises PGA Tour-LIV Golf Deal as ‘Best Thing’ for Sport Read More »
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