⛏ The majors are in consolidation mode

Rio Tinto targets $10B assets selloff as Trott resets the miner
Chief executive Simon Trott has outlined a plan to generate $5 billion to $10 billion through divestments and productivity growth, as he moves to simplify the structure of the world’s second largest miner. Trott, speaking in his first major strategy briefing almost five months into the job, said he wants Rio to become the world’s “most valued” miner and that after executing his plan the company will be “stronger, sharper and simpler”. Read on »

Gold steady as rising yields offset dollar weakness
A majority of over 100 economists polled by Reuters forecast the Federal Reserve will reduce its key interest rate by 25 basis points at its December 9-10 policy meeting, as the central bank seeks to support a cooling labor market. Lower interest rates typically benefit non-yielding assets like gold. Read on »

Shares in China’s Only Uranium Miner Triple on Shenzhen Debut
China’s only uranium miner raised around 4 billion yuan ($570 million) as it debuted on the Shenzhen exchange on Wednesday, with its shares more than tripling in value. The initial public offering comes as China aggressively expands its fleet of nuclear power plants. It has the highest number of reactors in operation and under construction in the world, and may surpass the US and France as the biggest atomic power operator by 2030. Read on »