Study hints Predictive Discovery’s Bankan project could be Guinea’s ‘largest gold mine’
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value more than $210 million higher than its capital costs.
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Visit: 64
Zinc price trades near one-year high as market weighs supply risks
Zinc traded close to a one-year high as metals markets looked past delays to US monetary easing to focus on looming supply risks.
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Visit: 79
Copper price near 15-month high as supply fears spur bullish calls
Copper traded near a 15-month high as supply concerns and brighter demand prospects triggered a slew of bullish calls on the market.
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Visit: 71
Iron ore price swings near $100 as traders mull fragile China recovery
Iron ore reversed direction after dropping to its lowest level in 10 months as optimism that the country’s economic recovery may be starting to gain traction countered weakness in the steel market.
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Visit: 79
Iron ore price swings near $100 as traders mull fragile China recovery
Iron ore reversed direction after dropping to its lowest level in 10 months as optimism that the country’s economic recovery may be starting to gain traction countered weakness in the steel market.
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Visit: 53
Guinea junta names new mines minister
Guinea’s junta named a new mines minister on Wednesday, state television said, citing a decree that showed the role was given to Bouna Sylla, former head of the state company that managed infrastructure projects on the giant Simandou iron ore project.
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Visit: 79
Gold price continues ascent to new highs, nears $2,150/oz
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.
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Visit: 79
Guinea talks carbon tax on mines as it seeks $4.3 billion loans
Guinea is planning to introduce a carbon tax on mining companies as it started talks with United Arab Emirates investors to raise $4.3 billion to fund development projects.
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Visit: 262
Guinea Alumina Corporation offers Guinea its fuel berth, bulk storage for use after blast
Mining News Pro - Guinea Alumina Corporation (GAC), owned by major producer Emirates Global Aluminium, has offered the Guinea government the use of GAC’s fuel berth and bulk storage infrastructure to help deal with the aftermath of an oil terminal blast.
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Visit: 83
LME copper stockpiles rebound to highest in nearly two years
Mining News Pro - Copper inventories on the London Metal Exchange reached the highest level in nearly two years, continuing a rebound that’s taking the strain off buyers after years of chronic supply constraints.
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Visit: 128
Allkem rises as $10.6bn Livent deal close edges nearer
Mining News Pro - Australian lithium major Allkem said on Thursday that it has received, or will soon receive, the necessary competition and foreign investment approvals for its planned $10.6 billion merger with Livent.
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Visit: 142
Argentina mining exports to near $4.5bn in 2023 amid lithium boom
Mining News Pro - Argentina’s mining exports will reach around $4.5 billion in 2023, up from the 2022 total amid strong prices and the launch of a new lithium mine, the president of the sector’s main business chamber told Reuters late Thursday
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Visit: 160
Investors say they’ll stick with gold as Fed cycle nears end
Mining News Pro - Gold isn’t losing its allure, according to a dozen money managers who all told Bloomberg News they expect to maintain or raise their exposure to the precious metal in the coming 12 months.
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Visit: 256
Weak demand sends near-term LME aluminum discount to highest since 2008
Mining News Pro - The discount on aluminum for near-term delivery compared with the three-month contract on the London Metal Exchange (LME) has reached its highest since the global financial crisis of 2008, indicating weak demand and rising supply.
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Visit: 199
Newcrest profit falls nearly 11% on higher operating costs
Mining News Pro - Australia’s Newcrest Mining Ltd, which has received a A$26.2 billion takeover offer from Newmont Corp, posted a near 11% fall in annual profit on Friday, hurt by lower realized prices for copper and a rise in operating and finance costs.
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Visit: 188
Biden to name new monument restricting mining near Grand Canyon
Mining News Pro - US President Joe Biden on Tuesday plans to name a new federal monument covering nearly 1 million acres (405,000 hectares) near the iconic Grand Canyon in Arizona, a move that will likely restrict new mining activity in the uranium-rich area.
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Visit: 111
Mongolia, Rio Tinto have resolved nearly all copper mine tax issues
Mining News Pro - Mongolia has settled almost all of its outstanding tax issues with Rio Tinto over development of the giant Oyu Tolgoi copper mine and is confident that the remaining issues will be resolved, the country’s prime minister told Reuters.
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Visit: 189
Mongolia, Rio Tinto have resolved nearly all copper mine tax issues- PM
Mining News Pro - Mongolia has settled almost all of its outstanding tax issues with Rio Tinto over development of the giant Oyu Tolgoi copper mine and is confident that the remaining issues will be resolved, the country’s prime minister told Reuters.
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Visit: 212
Ecuadorean votes could bar oil output in Amazon reserve, mining near Quito
Mining News Pro - Ecuadoreans will decide in two August referendums whether oil and mining projects in key regions of the country can continue, weighing Indigenous and environmental concerns against billions in potential lost income.
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Visit: 195
Ecuador, SolGold seal deal to launch nearly $5bn mining project
Mining News Pro - Ecuador’s government concluded negotiations with Australian miner SolGold to develop a major mine seen requiring a $4.9 billion investment over the lifetime of the project, the energy and mines ministry announced in a statement on Thursday.
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Visit: 188
Yangibana nears completion
Mining News Pro - Hastings Technology Metals has released its quarterly activities report, celebrating no recordable injuries for the period and almost-complete infrastructure at the Yangibana rare earths project.
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Visit: 97
Bunge is said to near deal to buy Glencore’s Viterra
Mining News Pro - US agribusiness Bunge Ltd. is near a deal to acquire Glencore Plc-backed Viterra, people familiar with the matter said, creating a giant capable of competing with the world’s biggest agricultural players.
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Visit: 195
Russia raises aluminum exports to China to near record levels as sanctions bite
Mining News Pro - China, the biggest producer of aluminum globally, is importing more of the lightweight metal from Russia, underscoring how trade ties are strengthening between the two nations as sanctions curb much of the rest of the world’s appetite for Russian commodities.
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Australia exports first copper to China since 2020, industry hopes end to ban near
Mining News Pro - Australia exported roughly $40 million worth of copper ore and concentrate to China early this year, Australian customs data shows, a sign of industry hope that trade in the red metal will resume as diplomatic relations improve.
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Visit: 211
More near-term pain for copper companies despite strong fundamentals, analysts warn
Mining News Pro - Inflation will also impact results, which continued at an annualized 8.2% rate for the quarter, resulting in increased operating mine costs.
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Visit: 380