Spot palladium prices in London hit a one-month high and briefly broke above the key level of $1,000 per troy ounce in volatile trade on Friday as some investors covered their short positions and the market was tight for nearby physical supply.
Friday, June 21, 2024 - 17:26:36
The proposed spin off of Anglo American’s De Beers diamond unit will take ‘some time’ and the miner is not rushing to complete the split, Mark Wall, CEO of Mountain Province Diamonds, the Canadian joint venture partner of De Beers’s Gahchu Kue mine, said this week.
Friday, June 21, 2024 - 17:21:44
China Baowu Steel Group has completed its purchase of a stake in the Simandou project in Guinea, as China’s top steelmaker looks to expand its interest in the world’s largest untapped iron ore mine.
Friday, June 21, 2024 - 17:08:23
French company Orano said on Thursday that Niger had removed a mining permit for its subsidiary Imouraren.
Thursday, June 20, 2024 - 16:51:57
Coal is doomed, or so the energy thesis goes. Many banks, insurers and investors have backpedalled from or abandoned the carbon-belching fossil fuel, prompting companies that excavate it to complain they cannot get mainstream or affordable financing. One corner of the industry, however, is burning strongly: the coking, or metallurgical, variety used to make steel. For sellers, it’s a diamond underneath the growing pile of mining M&A. Buyers, however, are in a race against low-emissions alternatives to justify their strategies.
Thursday, June 20, 2024 - 16:49:44
Lithium industry watchers hoping the battery metal was poised to rebound from an epic slump have been hit by the realization prices have fallen again this month, with inventories piling up as electric vehicle demand signals stay gloomy.
Sunday, June 23, 2024 - 17:32:05
Mining News Pro - In recent years, energy consumption restrictions imposed on parent and strategic companies and industries have been one of the serious obstacles to jump production in the country.
Friday, June 21, 2024 - 22:23:23
China’s Tianqi Lithium said on Friday it was evaluating possible legal action against a Chilean regulator’s ruling allowing a tie-up between No. 2 lithium producer SQM, which it owns around a fifth of, and Chile’s state-run copper giant Codelco.
Friday, June 21, 2024 - 17:27:38
Chile’s Codelco was working to secure deliveries to clients after a cargo train carrying a copper load was involved in a crash with a passenger train on the outskirts of Santiago, the state-run copper miner said in a statement to Reuters on Friday.
Friday, June 21, 2024 - 17:23:15
Pilbara Minerals, Australia’s biggest independent lithium producer, on Friday laid out a A$1.2 billion ($799.2 million) plan to double production capacity for lithium spodumene at its Pilgangoora operation in Western Australia.
Thursday, June 20, 2024 - 17:03:54
Australia said it would provide A$2 million ($1.33 million) to Papua New Guinea to restore road access to the Porgera gold mine, previously one of the world’s largest, and other support for survivors after a deadly landslide in Enga province in May.
Wednesday, June 19, 2024 - 16:43:45
More central banks plan to add to their gold reserves within a year and more of them expect others to do so as well, due to ongoing macroeconomic and political uncertainty despite high prices for the precious metal, the World Gold Council (WGC) said in its annual survey.
Tuesday, June 18, 2024 - 21:29:07
Gold Fields on Thursday lowered its annual gold production forecast after bad weather impacted the ramp-up at its new Salares Norte mine in Chile, sending its shares down 8%.
Thursday, June 13, 2024 - 13:37:30
Gold’s lightning rally to successive record highs shows every sign of continuing in the second half of 2024 as the fundamental case for bullion remains firmly in place, though $3,000 per ounce looks just out of reach, traders and industry experts said.
Wednesday, June 12, 2024 - 13:59:37
Demand for gold in Asia is surging despite prices hovering near the record highs it hit in May, industry officials say, as buyers snap up the metal to hedge against geopolitical and economic uncertainty.
Tuesday, June 11, 2024 - 13:56:02
As copper surged to record highs last month, several senior Chinese traders started trying to contact western hedge fund managers whose names they’d only read in the press. For years, the veteran traders’ privileged insight into their own economy had given them an edge in the copper market, where China accounts for more than half of global demand.
Sunday, June 23, 2024 - 17:28:39
The US is backing Angola’s efforts to diversify from being an oil-dependent economy to becoming a critical-minerals processor and exporter of clean power, according to a top official.
Wednesday, June 19, 2024 - 16:42:30
British prosecutors investigating former Glencore Plc employees over bribery allegations said they plan to bring long-awaited criminal charges.
Tuesday, June 18, 2024 - 21:39:35
Mining News Pro - The Annual General Meeting of Gol Gohar Iron and Steel Development Company was held on June 9 with the presence of 100% of the company's shareholders.
Sunday, June 16, 2024 - 23:00:21
Mining News Pro - In a joint meeting with Mohammad Mahdi Ahmadi, CEO of Shahr Bank, Hossein Modares Khiyabani, CEO of the National Copper Industries Company of Iran, they followed up on the latest measures taken to implement the joint memorandums.
Sunday, June 16, 2024 - 22:33:35
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