Supercycle or China cycle? Funds wait for Dr Copper’s call

معدن نیوز -Funds continue to reduce their long exposure to the copper market even as the bull clamour for higher prices grows ever louder.

Turquoise Hill’s Oyu Tolgoi mine partially resumes shipments to China

معدن نیوز -Turquoise Hill Resources said on Tuesday the Oyu Tolgoi mine in Mongolia had partially resumed shipments to China, after the Canadian miner declared force majeure on some Chinese contracts last month due to COVID-19-led curbs.

Alamos Gold seeks $1bn from Turkey linked to stalled project

معدن نیوز -Canada’s Alamos Gold is seeking to obtain more than $1 billion from Turkey for what it deems as “unfair and inequitable treatment” of its Kirazli gold project, which has been halted since 2019 following protests and the expiration of the mining permit.

Kibali on track to meet full year guidance

Mining News Pro - Gold and copper miner Barrick Gold’s Kibali mine, in the Democratic Republic of Congo (DRC) produced 191 612 oz of gold in the first quarter of this year, thereby keeping it on track to achieve its full year production target.

GWR to create gold-focussed subsidiary

Mining News Pro - GWR Group is set to demerge its Wiluna West gold project in Western Australia and assign the site to proposed subsidiary Western Gold Resources.

Gruyere stable as JV seeks expansion

Mining News Pro - Gold Road Resources has experienced a favourable first quarter to open 2021 as the Gruyere gold mine joint venture (JV) showed steady signs of growth in Western Australia.

Kibali rejects Sokimo claim

Mining News Pro - Kibali Goldmines said on April 18 that it had learned that the Congolese parastatal Société Minière de Kilo-Moto (Sokimo) was attempting, for a second time, to extort certain benefits from the company by filing new proceedings with the commercial court in Kinshasa.

RTG stock jumps on Philippines developments

Mining News Pro - The share price of RTG Mining surged in Canada on Friday, after Philippine President Rodrigo Duterte lifted a nine-year moratorium on new mineral agreements, reopening the door to investments.

Middle Island determined to keep Sandstone afloat

Mining News Pro - Middle Island Resources has determined it needs to conduct a mill upgrade at the Sandstone gold project in Western Australia otherwise the redevelopment of the site would not be viable.

Anglo American inspires rise in renewables

Mining News Pro - Anglo American has secured 100 per cent renewable energy for its South American mines, as the company flags the industry importance of renewable energy in its path towards carbon neutrality.

China opens its borders to billions of dollars of gold imports

Mining News Pro - China has given domestic and international banks permission to import large amounts of gold into the country, five sources familiar with the matter said, potentially helping to support global gold prices after months of declines.

Medusa invests in Co-O infrastructure

Mining News Pro - Gold miner Medusa Mining has approved the $54-million spend on the Tigerway decline project, at its Co-O gold mine in the Philippines.

Viking raises funds for WA drilling

Mining News Pro - Junior explorer Viking Mines will raise A$4-million in a share placement to sophisticated and professional investors to fund drilling at its First Hit gold project, in Western Australia.

Rex`s A$9.5m raise well supported

Mining News Pro - Rex Minerals has completed a A$9.5-million share placement to institutional and sophisticated investors.

Gold price nears 2-month high on stronger US retail data

Mining News Pro - Gold prices rose to their highest since late February following declines in both the dollar and bond yields Thursday, placing the precious metal on course for a second straight weekly gain.

Iron ore price jumps on big spread between spot cargoes and futures

Mining News Pro - Iron ore futures rose as much as 4% on Thursday on a big spread between spot cargoes and futures and demand for the steelmaking ingredient strengthened.

Top eight gold producers’ output to increase again after 2020 drop

Mining News Pro - Production from the world’s eight largest gold producers – Newmont, Barrick Gold, AngloGold Ashanti, Polyus, Kinross, Gold Fields, Newcrest and Agnico-Eagle – decreased by 6.5% year-on-year to 24.98-million ounces in 2020, reports data and analysis provider GlobalData.

Horizon furthers Boorara strategy following trial completion

Mining News Pro - Horizon Minerals has discovered high-grade gold potential after completing the trial and pit mapping of the Boorara gold project in Western Australia.

Red River continues Hillgrove ramp up

Mining News Pro - Red River has continued its gold production momentum at the Hillgrove and Thalanga operations in New South Wales and Queensland, respectively.

Newmont to extend Boddington life with autonomous fleet

Mining News Pro - Newmont has delivered the first production from its new autonomous truck fleet at the Boddington gold mine in Western Australia.

Gold price rebounds on US inflation data

Mining News Pro - Gold prices rebounded on Tuesday from their lowest levels in more than a week after new data showing a sharp rise in US inflation bolstered bullion’s appeal as an inflation hedge and weighed on the dollar.

Barrick ups emissions reduction target to 30% by 2030

Mining News Pro - Barrick Gold held its first-ever virtual presentation to investors on sustainability and reported that in 2020, it had zero high-significance environmental incidents, reached 79% water recycling and reusing by its operations and introduced community development committees at all its active sites.

Resolute shares jump on Bibiani mine lease restoration

Mining News Pro - Shares in Australia’s Resolute Mining shot up on Wednesday on news that Ghana had restored the mining lease for the company’s Bibiani gold mine.

Paramount receives permits for drilling near Grassy Mountain

Mining News Pro - Paramount Gold Nevada is gearing up to start a 15-hole reverse circulation drilling campaign at the Frost project, southwest of the company’s proposed high-grade underground Grassy Mountain gold mine, later this quarter.

Copper smelter terms at rock bottom as mine squeeze hits

Mining News Pro - Copper’s turbo-charged rally has stalled over the last few weeks as funds have taken profits and physical buyers have refused to chase prices higher.

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