Copper price tops $10,000 as energy crisis hits supply

Mining News Pro - The copper price continued to rally on Thursday amid a global energy crisis that is knocking supply offline and heaping pressure on fabricators scrambling for metal.

Chinese investment in overseas copper projects just beginning

Mining News Pro - China consumes nearly 14 million tonnes of copper each year – more than the rest of the world combined. But domestic supply last year was only around 2m tonnes, including scrap, and mined output has been stagnant for years.

Silver-infused bacteria make fuel cells more efficient

Mining News Pro - A new study published in the journal Science describes the development of microbial fuel cells — a technology that utilizes natural bacteria to extract electrons from organic matter in wastewater to generate electrical currents.

Sandfire divests of Adriatic shares, as Adriatic raises cash

Mining News Pro - Adriatic Metals has unveiled a $244.5-million project finance package to fund the development of its Vares silver project, in Bosnia & Herzegovina.

WGC unpacks the benefits of mandatory gold hallmarking

Mining News Pro - The mandatory hallmarking for gold jewellery and gold artefacts that became effective in June, has been positive for India’s gold market, says the World Gold Council (WGC).

Harmony re-engineering portfolio, deleveraging balance sheet, creating optionality

Mining News Pro - Harmony Gold is at a very exciting point as it pivots in a new portfolio-enhancing direction and sheds costs at the same time, says Harmony investor relations head Jared Coetzer.

Aluminum price hits 13-year high as energy surge pressures supply

Mining News Pro - Aluminum jumped to the highest since 2008 as a deepening power crisis squeezes supplies of the energy-intensive metal that’s used in everything from beer cans to iPhones.

Barrick CEO, PNG Prime Minister to meet on potential fast-track of Porgera restart

Mining News Pro - Barrick Gold chief executive Mark Bristow is set to meet with Papua New Guinea (PNG) Prime Minister James Marape this week, with the aim of speeding up the restart of the country’s Porgera gold mine.

HighGold shares surge on ‘game-changing’ Alaska project drill results

Mining News Pro - HighGold Mining announced on Wednesday what could be considered “game-changing” drill results from the Difficult Creek prospect, part of the company’s Johnson Tract project in Alaska.

Evolution Mining divests Mt Carlton for up to $65 million

Mining News Pro - Australia’s Evolution Mining is selling its Mt. Carlton gold mine in Queensland to Navarre Minerals in a deal worth up to A$90 million ($65 million).

Lithium price jumps again as miners can’t keep up with battery boom

Mining News Pro - Lithium prices extended their year long rally as surging demand spurs a shortfall of the key battery material.b

Iron ore price rout hacks $160 billion off top mining stocks

Mining News Pro - At just over $1.3 trillion, the Top 50* most valuable mining companies lost a combined $158.5 billion in market capitalization over the three months to end September, as iron ore’s plunge and copper’s lacklustre performance prompted a sell-off in the sector’s largest names.

Gold production from top miners to recover in H2

Mining News Pro - The collective production of the top 10 global gold producers is expected to recover by around 13.5% in H2 2021 compared with H1, should their 2021 production guidance all be met, according to a GlobalData report.

Newmont axes gold output targets at Boddington

Mining News Pro - Newmont, the world’s no. 1 gold miner, has cut full-year production guidance for its Boddington gold mine in Western Australia by 140,000 ounces below the originally set target of 830,000 ounces.

Agnico Eagle and Kirkland Lake Gold merger likely the last major deal in Canada

Mining News Pro - The mega-merger of Agnico Eagle Mines and Kirkland Lake Gold unveiled to the market on September 28 “makes a lot of strategic sense” but is likely to be the last blockbuster M&A deal by a major in the Canadian mining sector, according to Haywood Securities mining analyst Kerry Smith.

Coal prices may have peaked, top Philippine miner says

Mining News Pro - Coal prices may have reached a peak after hitting a record, though they will remain elevated until the first half of 2022, according to the head of the Philippines’ largest producer.

Platinum offering good relative value as investment

Mining News Pro - Platinum is viewed as an investment case for the moment and is offering good relative value, says Northam Platinum CEO Paul Dunne.

New underground mine to extend life of Barrick’s Loulo-Gounkoto gold complex

Mining News Pro - The Loulo-Gounkoto gold complex in Mali continues to replace the ore depleted by mining, Barrick chief executive Mark Bristow told reporters on Saturday.

Gold price shoots higher on US labor data disappointment

Mining News Pro - Gold prices advanced past the key $1,750 level on Thursday as investors sought haven after a new labor report pointed to an uneven recovery in the US jobs market.

Iron ore price jumps as Fortescue halts Pilbara operations

Mining News Pro - Iron ore price jumped to a three-week high on Thursday after Fortescue Metals Group halted mining operations at its Solomon Hub site in Australia’s Pilbara region.

Silver price drops to lowest in a year against stronger dollar

Mining News Pro - The silver price extended its decline to the lowest in more than a year as the US dollar continues to advance. Spot silver fell 4.3% to $21.50 per ounce by 12:50 p.m. EDT, the lowest intraday level since July 2020, while December silver futures also fell by the same percentage.

Gold price woes continue on rising dollar, yields

Mining News Pro - Gold extended losses on Tuesday with the US dollar and Treasury yields both staying strong, as investors await the outcomes of a mandated speech given by Federal Reserve chair Jerome Powell to the Congress.

Agnico, Kirkland began talks 2 years ago to form 'gold champion'

Mining News Pro - Executives at Agnico Eagle Mines and Kirkland Lake Gold began talking more than two years ago about combining in what is being described as a C$13.4-billion “merger of equals” between the Toronto-based miners.

Marcelo Godoy appointed AngloGold Ashanti chief technology officer

Mining News Pro - Gold miner AngloGold Ashanti has appointed Marcelo Godoy as its chief technology officer, with effect from November 1.

South32’s Fraser takes gold mining CEO job

Mining News Pro - Mike Fraser, outgoing COO of ASX- and JSE-listed South32, has been appointed CEO of London-listed Chaarat – a gold mining company which operates in Armenia and Kyrgyzstan.

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