Mining News Agency | Capital Market https://www.miningnews.ir Canada watchdog says abuse likely occurred at a Dynasty Gold mine in China https://www.miningnews.ir/En/News/628173/Canada-watchdog-says-abuse-likely-occurred-at-a-Dynasty-Gold-mine-in-China Canada’s corporate ethics watchdog on Tuesday said it was likely that human rights abuses had occurred at a mine in China operated by Vancouver-based firm Dynasty Gold. fa-IR 2024/03/26 22:10:17 Commodities will rally when the Fed cuts rates, Invesco says https://www.miningnews.ir/En/News/628171/Commodities-will-rally-when-the-Fed-cuts-rates-Invesco-says Commodities usually rally when central banks cut interest rates, bolstering the case for going long raw materials in the coming months, according to Invesco Ltd. fa-IR 2024/03/26 22:05:33 Awalé Resources stock soars on 45.7 g/t gold find https://www.miningnews.ir/En/News/628163/Awalé-Resources-stock-soars-on-457-gt-gold-find Awalé Resources (TSXV: ARIC) stock soared on Monday after the Newmont-backed gold explorer reported outstanding assay results of 45.7 grams per tonne gold over 32 metres from drilling on the Odienné project in Côte d’Ivoire. fa-IR 2024/03/25 21:50:43 Macron looks to regulate illegal gold mining in French Guiana https://www.miningnews.ir/En/News/628161/Macron-looks-to-regulate-illegal-gold-mining-in-French-Guiana French President Emmanuel Macron said on Monday the government is seeking to designate new regulated gold mining zones in its South American territory of French Guiana to combat illegal mining and its environmental consequences. fa-IR 2024/03/25 21:43:04 Newmont’s Akyem gold mine in Ghana draws Chinese interest https://www.miningnews.ir/En/News/628157/Newmont’s-Akyem-gold-mine-in-Ghana-draws-Chinese-interest Newmont Corp. has kicked off the sale of its Akyem gold mine in Ghana, which is attracting interest from potential bidders including Chinese producers amid soaring prices for the metal, people with knowledge of the matter said. fa-IR 2024/03/25 03:26:31 Vista Gold updates Mt Todd feasibility, showing higher NPV https://www.miningnews.ir/En/News/628147/Vista-Gold-updates-Mt-Todd-feasibility-showing-higher-NPV Vista Gold has released an updated feasibility study for its Mt Todd gold project in Northern Territory, Australia, to reflect the changes in project economics as well as long-term outlook on gold prices and USD/AUD exchange rates and the company’s new royalty deal. fa-IR 2024/03/13 22:24:23 Gold price extends loss as US inflation data reinforces Fed caution https://www.miningnews.ir/En/News/628137/Gold-price-extends-loss-as-US-inflation-data-reinforces-Fed-caution Gold snapped nine days of record-breaking gains as underlying US inflation topped forecasts for a second month in February, reinforcing the Fed’s cautious approach to cutting interest rates. fa-IR 2024/03/12 21:18:31 Senegal opposition coalition promises new currency and revamp of oil contracts https://www.miningnews.ir/En/News/628127/Senegal-opposition-coalition-promises-new-currency-and-revamp-of-oil-contracts A Senegalese opposition coalition backed by popular firebrand Ousmane Sonko launched its presidential campaign platform on Saturday with promises to create a new national currency and renegotiate mining and energy contracts. fa-IR 2024/03/10 23:45:16 Dubai’s gold shops take a hit as record prices deter buyers https://www.miningnews.ir/En/News/628126/Dubai’s-gold-shops-take-a-hit-as-record-prices-deter-buyers The ever-higher prices reached by gold are turning Dubai’s traditional bazaar into more of a window-shopping experience. fa-IR 2024/03/09 23:43:28 Peru copper output seen growing to 3mt in 2024, minister says https://www.miningnews.ir/En/News/628123/Peru-copper-output-seen-growing-to-3mt-in-2024-minister-says Peru’s copper production should reach 3 million metric tons this year after hitting 2.76 million tons in 2023, energy and mining minister Romulo Mucho said in a news conference on Friday. fa-IR 2024/03/08 23:38:23 Polymetal shareholders approve sale of Russian assets https://www.miningnews.ir/En/News/628114/Polymetal-shareholders-approve-sale-of-Russian-assets Shareholders of precious metals producer Polymetal International approved the sale of its Russian assets to a Siberian gold miner, the company said on Thursday. fa-IR 2024/03/07 22:47:05 China splurges on gold for a 16th month as price hits record https://www.miningnews.ir/En/News/628111/China-splurges-on-gold-for-a-16th-month-as-price-hits-record China’s central bank added gold to its reserves for a 16th straight month in February, extending a long buying spree that’s helped to support the precious metal’s surge to a record high. fa-IR 2024/03/07 22:37:35 O3 Mining wins 2024 PDAC Sustainable Development Award https://www.miningnews.ir/En/News/628107/O3-Mining-wins-2024-PDAC-Sustainable-Development-Award Québec-focused gold junior O3 Mining (TSXV: OIII) has been named winner of the 2024 PDAC Award for Sustainable Development, considered one of the most prestigious recognitions in the Canadian exploration sector. fa-IR 2024/03/06 22:31:03 LME partner Metalshub plans for ‘green’ nickel price https://www.miningnews.ir/En/News/628104/LME-partner-Metalshub-plans-for-‘green’-nickel-price The London Metal Exchange (LME) does not plan to launch a separate “green” nickel contract because the market is not large enough, but said its partner was developing an index price that will reflect demand for low carbon nickel. fa-IR 2024/03/06 22:24:53 Gold price continues ascent to new highs, nears $2,150/oz https://www.miningnews.ir/En/News/628102/Gold-price-continues-ascent-to-new-highs-nears-2150oz Gold continued its record-setting rally on Wednesday after the US Federal Reserve reiterated the possibility of an interest rate cut some time this year. fa-IR 2024/03/06 22:19:28 SSR to pay for cleanup at Turkish gold mine https://www.miningnews.ir/En/News/628101/SSR-to-pay-for-cleanup-at-Turkish-gold-mine The Turkish unit of SSR Mining Inc. will pay for all cleanup costs following a landslide at its Copler gold mine in eastern Turkey, a top government official said, without citing a specific figure. fa-IR 2024/03/05 00:39:42 London gold price benchmark hits all-time high, LBMA says https://www.miningnews.ir/En/News/628095/London-gold-price-benchmark-hits-all-time-high-LBMA-says London’s gold price benchmark hit an all-time high of $2,098.05 per troy ounce at an afternoon auction on Monday, surpassing the previous record of $2,078.40 set on Dec. 28, the London Bullion Market Association (LBMA) said. fa-IR 2024/03/05 00:26:55 Gold price flirts with new highs with market leaning towards June rate cut https://www.miningnews.ir/En/News/628090/Gold-price-flirts-with-new-highs-with-market-leaning-towards-June-rate-cut Gold prices flirted with record highs on Monday as investors continue to bet on the safe-haven metal in anticipation of a US Federal Reserve interest rate cut this June. fa-IR 2024/03/04 00:20:09 BlackRock reduces stake in Polymetal International https://www.miningnews.ir/En/News/628082/BlackRock-reduces-stake-in-Polymetal-International US investment firm BlackRock has reduced its stake in precious metals producer Polymetal International to 7.45% from 9.91%, the gold and silver miner said on Friday. fa-IR 2024/03/01 22:42:39 Harmony Gold to pay record interim dividend, extend life of Mponeng mine https://www.miningnews.ir/En/News/628067/Harmony-Gold-to-pay-record-interim-dividend-extend-life-of-Mponeng-mine Harmony Gold, South Africa’s leading gold miner by volume, said on Wednesday it will spend 7.9 billion rand ($410 million) to extend the life of Mponeng, the world’s deepest gold mine. fa-IR 2024/02/28 22:38:32 Bearish demand expectations challenge iron ore’s price resilience https://www.miningnews.ir/En/News/628066/Bearish-demand-expectations-challenge-iron-ore’s-price-resilience Iron ore prices, long resilient despite China’s gloomy economic outlook, have tumbled since the end of the Lunar New Year holiday, sparking concerns around faltering demand and denting mining stocks in top producer Australia. fa-IR 2024/02/28 22:36:48 BMO bankers sent each other crude memes before they were fired https://www.miningnews.ir/En/News/628061/BMO-bankers-sent-each-other-crude-memes-before-they-were-fired Junior bankers who were recently fired from Bank of Montreal’s metals and mining group used work-sharing platforms to circulate crude jokes and at least one obscene image, which were discovered during an internal investigation after another employee complained, according to people with knowledge of the matter. fa-IR 2024/02/27 19:43:07 Fortescue’s Forrest urges LME to separate ‘clean’ nickel contracts https://www.miningnews.ir/En/News/628056/Fortescue’s-Forrest-urges-LME-to-separate-‘clean’-nickel-contracts The London Metal Exchange (LME) should classify its nickel contracts into “clean” and “dirty” ones to give customers more choice, Australian iron ore magnate Andrew Forrest said on Monday. fa-IR 2024/02/26 19:28:48 China’s Yintai Gold to buy Osino Resources for $272 million https://www.miningnews.ir/En/News/628054/China’s-Yintai-Gold-to-buy-Osino-Resources-for-272-million China-based Yintai Gold on Sunday said it will acquire Canadian gold exploration firm Osino Resources in an all cash deal for C$368 million ($272.53 million). fa-IR 2024/02/26 19:26:02 Bitcoin ETFs test investor commitment to gold-backed paper https://www.miningnews.ir/En/News/628049/Bitcoin-ETFs-test-investor-commitment-to-gold-backed-paper A surge of interest in bitcoin exchange-traded funds is prompting some investors to swap out holdings in gold-backed ETFs, although analysts and fund managers said they are unlikely to challenge bullion longer term. fa-IR 2024/02/25 22:46:13 Gold Fields eyes rapid ramp-up at new Chile mine, lifts output forecast https://www.miningnews.ir/En/News/628042/Gold-Fields-eyes-rapid-ramp-up-at-new-Chile-mine-lifts-output-forecast South Africa’s Gold Fields on Thursday raised its 2024 gold output forecast to between 2.33 million and 2.4 million ounces, saying it expects a rapid production ramp-up at its new Salares Norte mine in Chile, which comes online in April. fa-IR 2024/02/22 22:35:00 Sibanye-Stillwater flags $2.5bn write-down on metals prices collapse https://www.miningnews.ir/En/News/628039/Sibanye-Stillwater-flags-25bn-write-down-on-metals-prices-collapse Precious metals producer Sibanye-Stillwater (JSE: SSW)(NYSE: SBSW) flagged on Wednesday a 47.5 billion rand ($2.58 billion) impairment on its upcoming 2023 results due to falling prices for the main metals it mines, including palladium, platinum and nickel. fa-IR 2024/02/21 01:57:56 First Quantum inks $500 million copper deal with Jiangxi amid Panama mine struggles https://www.miningnews.ir/En/News/628038/First-Quantum-inks-500-million-copper-deal-with-Jiangxi-amid-Panama-mine-struggles First Quantum Minerals (TSX: FM) said on Wednesday it would get a $500 million injection from Jiangxi Copper, the Canadian miner’s largest shareholder, that will help it to shore up finances. fa-IR 2024/02/21 01:56:11 Illegal mine collapse buries gold workers in the Venezuelan Amazon https://www.miningnews.ir/En/News/628035/Illegal-mine-collapse-buries-gold-workers-in-the-Venezuelan-Amazon The collapse of an illegal mine in a remote region of the Venezuelan Amazon buried gold workers, leaving many injured and feared dead. fa-IR 2024/02/21 01:52:07 Vedanta’s parent sells $209 million stake https://www.miningnews.ir/En/News/628005/Vedanta’s-parent-sells-209-million-stake Vedanta Resources, the parent of Vedanta Ltd, has sold a stake worth more than 17.37 billion rupees ($209 million) in the Indian miner, exchange data showed on Thursday. fa-IR 2024/02/17 17:16:46 Copper price bounces as analysts see short covering fueling big gains https://www.miningnews.ir/En/News/628010/Copper-price-bounces-as-analysts-see-short-covering-fueling-big-gains Copper extended a weekly gain, with some analysts predicting that the market could soon turn decisively higher as bearish investors are forced to unwind heavy bets against the metal viewed as a global economic bellwether. fa-IR 2024/02/16 21:22:04 Mexican mining sector balks at plan to ban open-pit mines https://www.miningnews.ir/En/News/628008/Mexican-mining-sector-balks-at-plan-to-ban-open-pit-mines Mexican President Andres Manuel Lopez Obrador’s proposal to ban open-pit mining will generate uncertainty and curtail investment for the key sector, mining industry representatives said this week. fa-IR 2024/02/15 17:24:01 Nine gold miners missing in Turkey after landslide https://www.miningnews.ir/En/News/627999/Nine-gold-miners-missing-in-Turkey-after-landslide Nine miners were still missing eight hours after a landslide at an Anagold Mining operation in eastern Turkey on Tuesday, the energy ministry said, with rescue efforts underway. fa-IR 2024/02/14 16:34:54 Australian gold miner Red 5 to acquire Silver Lake Resources https://www.miningnews.ir/En/News/627961/Australian-gold-miner-Red-5-to-acquire-Silver-Lake-Resources Australian gold miner Red 5 will takeover rival Silver Lake Resources to build a mid tier gold company valued at $1.5 billion, the two companies said in a joint statement on Monday. fa-IR 2024/02/05 14:27:57 Endeavour resumes work at Burkina Faso gold mine after strike ended https://www.miningnews.ir/En/News/627955/Endeavour-resumes-work-at-Burkina-Faso-gold-mine-after-strike-ended Work resumed at Endeavour Mining Plc’s second-biggest mine Thursday after management reached an agreement with workers to end strike after 11 days. fa-IR 2024/02/01 23:15:47 Gold demand to hit record with central bank buying, WGC says https://www.miningnews.ir/En/News/627949/Gold-demand-to-hit-record-with-central-bank-buying-WGC-says Total gold demand hit a record last year and is expected to expand again in 2024 as the US Federal Reserve moves toward cutting interest rates, potentially aiding prices, according to the World Gold Council. fa-IR 2024/02/01 23:04:25 Base metals drop as investors weigh Fed path, China consumption https://www.miningnews.ir/En/News/627946/Base-metals-drop-as-investors-weigh-Fed-path-China-consumption Base metals declined after the Federal Reserve pushed back on interest-rate cut expectations and as investors weighed the demand outlook in top consumer China before the Lunar New Year holiday this month. fa-IR 2024/01/31 22:59:58 LME targets Hong Kong as option for warehouse expansion https://www.miningnews.ir/En/News/627933/LME-targets-Hong-Kong-as-option-for-warehouse-expansion The London Metal Exchange (LME) is studying Hong Kong as a location to expand its global metal warehouse network, five sources with knowledge of the matter said, hopeful success there might open the door to mainland China, its ultimate target. fa-IR 2024/01/30 21:31:12 Hecla Mining looks to expand into Latin America https://www.miningnews.ir/En/News/627931/Hecla-Mining-looks-to-expand-into-Latin-America Hecla Mining, the largest silver producer in the United States, is looking to expand into Mexico, Peru and two other countries in Latin America to speed up growth once it consolidates its position in Canada. fa-IR 2024/01/30 21:28:19 US to rescind Venezuela gold license after opposition candidate barred https://www.miningnews.ir/En/News/627928/US-to-rescind-Venezuela-gold-license-after-opposition-candidate-barred The US will rescind a license awarded to Venezuela’s state gold producer after Nicolás Maduro’s government banned the opposition’s leading candidate from participating in elections this year. fa-IR 2024/01/30 21:24:25 Endeavour goes to court to end strike at Burkina Faso gold mine https://www.miningnews.ir/En/News/627941/Endeavour-goes-to-court-to-end-strike-at-Burkina-Faso-gold-mine An Endeavour Mining Plc unit filed a lawsuit in a bid to end a strike in Burkina Faso that’s disrupted operations at the company’s second-biggest gold mine. fa-IR 2024/01/29 21:50:26 World’s biggest jeweller Pandora stops using mined silver and gold https://www.miningnews.ir/En/News/627939/World’s-biggest-jeweller-Pandora-stops-using-mined-silver-and-gold Pandora, the world’s largest jeweller by amount of products sold, has stopped using mined silver and gold and now only manufactures with recycled precious metals, which require less energy to produce. fa-IR 2024/01/29 21:45:13 Brazil probes Mercado Libre sales of mercury used by illegal gold miners https://www.miningnews.ir/En/News/627924/Brazil-probes-Mercado-Libre-sales-of-mercury-used-by-illegal-gold-miners Public prosecutors chasing illegal gold mining in Brazil’s Amazon region on Wednesday opened an investigation into on-line sales of mercury through Mercado Libre, Latin America’s largest e-commerce site. fa-IR 2024/01/25 22:47:34 Harmony sees half-year gold output up 14% https://www.miningnews.ir/En/News/627919/Harmony-sees-half-year-gold-output-up-14 Harmony Gold says its gold production increased by as much as 14% in the six months to December 2023, driven by higher grades at its South African mines and a strong operational performance in Papua New Guinea. fa-IR 2024/01/25 22:38:38 Endeavour Mining’s second-biggest gold mine hit by strike https://www.miningnews.ir/En/News/627905/Endeavour-Mining’s-second-biggest-gold-mine-hit-by-strike Workers at Endeavour Mining’s Hondué mine in Burkina Faso, the company second-biggest gold operation, have walked off the job on Tuesday, blocking the access road to the site. fa-IR 2024/01/24 23:36:26 Aluminum price jumps after report EU may sanction Russian metal https://www.miningnews.ir/En/News/627900/Aluminum-price-jumps-after-report-EU-may-sanction-Russian-metal Aluminum rallied in London after Politico reported that the European Union is considering sanctions on Russian aluminum ahead of the second anniversary of the invasion of Ukraine. fa-IR 2024/01/24 23:29:12 More than 40 killed in artisanal mine collapse in southwest Mali https://www.miningnews.ir/En/News/627899/More-than-40-killed-in-artisanal-mine-collapse-in-southwest-Mali More than 40 artisanal gold miners were killed in southwest Mali last week after the shaft they were working in collapsed, Mali’s mines ministry said on Wednesday. fa-IR 2024/01/24 23:27:56 Gold riches fuel Sudan militia’s war to rule nation https://www.miningnews.ir/En/News/627907/Gold-riches-fuel-Sudan-militia’s-war-to-rule-nation Sudan’s paramilitary Rapid Support Forces group is using large-scale proceeds from gold mining to fund its devastating war against the nation’s army, according to United Nations investigators. fa-IR 2024/01/23 23:46:12 Iron ore price consolidates as traders ponder demand outlook https://www.miningnews.ir/En/News/627897/Iron-ore-price-consolidates-as-traders-ponder-demand-outlook Iron ore futures were in a tight range on Monday, with the Dalian benchmark ticking up and Singapore prices receding, as investors pondered the demand outlook in the absence of an expected monetary easing in top consumer China. fa-IR 2024/01/22 23:00:40 Gold-based sensor helps detect ‘forever chemicals’ in water https://www.miningnews.ir/En/News/627879/Gold-based-sensor-helps-detect-‘forever-chemicals’-in-water A new gold-based sensor is able to detect pollution from ‘forever chemicals’ in water through luminescence. fa-IR 2024/01/19 19:08:58