Energy transition delay will impact investment – Wood Mackenzie
A five-year delay to decarbonization efforts could see global average temperatures rising to 3 degrees Celsius above pre-industrial levels and result in a 55% fall in global average spending, a report by consultancy Wood Mackenzie showed.
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Gold’s record-setting rally may have its roots in Chinese frenzy
Gold’s record-setting rally this year has puzzled market watchers as bullion has roared higher despite headwinds that should have held it back. With prices sagging this week, the explanation may lie in China.
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Barrick says outside actors to blame in new abuse allegations at North Mara in Tanzania
Mining News Pro - Barrick Gold says a human rights group making allegations of forced expulsions to expand the North Mara mine in Tanzania is incorrect.
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Researchers find unexpected link between Benin Bronzes and Germany
Mining News Pro - Researchers at Germany’s Technische Hochschule Georg Agricola recently discovered that the renowned Benin Bronzes are composed of metal sourced from Germany.
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Three British Columbia residents fined $700,000 for role in gold mining Ponzi scheme
Mining News Pro - The BC Securities Commission (BCSC) has handed out C$956,000 (about $700,000) in penalties to three local residents for their involvement in what it calls “an elaborate fraud” that promised investors large returns on non-existent gold mining operations in Africa and Brazil.
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Turns out that gold objects were also valued during the Bronze Age
Mining News Pro - Archaeologists from the University of Leicester and the University of Southampton have identified a 4000-year-old gold-working toolkit amongst the grave goods from an important Bronze Age burial near Stonehenge.
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Tanzanians sue Canada’s Barrick Gold over alleged abuses at mine
Mining News Pro - Tanzanian villagers accuse Canadian mining giant of being complicit in killings and torture at the North Mara gold mine.
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Petra Diamonds halts Williamson mine in Tanzania after dam breach
Mining News Pro - The company, which also operates three mines in South Africa, said the eastern wall of Williamson’s tailing dam was “breached”, but said in an email that the pit was not affected.
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Friday feeding frenzy for mining stocks
Mining News Pro - On the London Metal Exchange, aluminium prices increased 2.3% to $2,317 a tonne, zinc jumped 4.6% to $2,845, lead was the laggard with a 0.6% gain to $2,007 while nickel climbed 3.1% to $23,500 and tin was up 2.1% at $18,130.
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Franco-Nevada invests $352 million in Tocantinzinho gold project in Brazil
Mining News Pro - Gold streaming company Franco-Nevada has committed to a finance package totalling $352.5 million for the Tocantinzinho project located in Pará state, Brazil, currently held by G Mining Ventures (TSXV: GMIN). The project is construction-ready, and first production is expected in the second half of 2024.
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Barrick’s Tanzania gold mine hit by new police abuse accusations
Mining News Pro - A corporate watchdog is alleging that local police are killing and assaulting villagers around a Tanzanian mine owned by Barrick Gold Corp. The Canadian miner denies that it is responsible for police conduct.
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Mercedes-Benz foresees EV-only production lines within a few years
Mining News Pro - Mercedes-Benz expects to have factories producing exclusively electric vehicles (EVs) by the second half of the decade but will steer clear of building EV-only plants, instead keeping production lines flexible in line with market demand.
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Barrick Gold mines in Tanzania reach Tier One status
Mining News Pro - Barrick Gold said on Tuesday it had succeeded in taking its North Mara and Bulyanhulu gold mines in Tanzania from “moribund” to Tier One assets.
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BHP back to Africa with Tanzania nickel investment
Mining News Pro - BHP (ASX, LON, NYSE: BHP) has committed to invest $100 million in a huge nickel project in Tanzania, UK-based private company Kabanga Nickel said on Monday, as the world’s largest miner seeks to expand its portfolio in commodities deemed key to the green energy transition.
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BHP to invest $50m to advance Tanzania nickel project
Mining News Pro - BHP Group would make an investment of $40 million to develop a nickel project in Tanzania, Kabanga Nickel said on Monday, and $10 million for cleaner production technology, as the global miner, seeks to reduce its carbon footprint.
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Private equity lines up for coal ‘bonanza’ left by public miners
Mining News Pro - Private equity firms are lining up to take on the dirty — and highly profitable — assets being divested by publicly traded commodity producers as the world grapples to decarbonize.
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Barrick’s North Mara mine in Tanzania reaches tailings storage target
Mining News Pro - Barrick Gold announced Wednesday that its North Mara mine in Tanzania had achieved its commitment to bring the operation’s tailings storage facility’s (TSF) pond back within its permitted design capacity by the end of the year.
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Barrick’s Bulyanhulu acquires six new prospecting licences in Tanzania
Mining News Pro - Twiga Minerals, a joint venture between Barrick and the Government of Tanzania, announced on Tuesday the acquisition of new prospecting licences in Tanzania by Bulyanhulu Gold Mine Limited, a subsidiary of Barrick.
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Kabanga says Tanzania mine may answer Elon Musk’s nickel plea
Mining News Pro - Kabanga Nickel Ltd. is seeking to raise $1.3 billion for a massive mining project in Tanzania that the company says could help ease electric-vehicle manufacturers’ insatiable demand for nickel.
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BHP returns workers to Shenzi platform in US Gulf
Mining News Pro - BHP Group has started to re-staff its Shenzi oil and gas platform in the US Gulf of Mexico, a spokesperson said on Wednesday.
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OceanaGold resumes NZ mines as Covid restrictions ease
Mining News Pro - OceanaGold has resumed operations at the Macraes and Waihi mines, after the New Zealand government eased Covid-19 restrictions for all regions, except Auckland and Northland.
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Bonanza week for Catalyst at Henty gold mine
Mining News Pro - Catalyst Metals has hit 600 grams of gold per tonne at the Henty project in Tasmania, in the same week the state government awarded an exploration grant to the junior explorer.
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Wood Mackenzie boosts battery metals expertise with Roskill buy
Mining News Pro - Wood Mackenzie announced on Friday it had acquired Roskill, a privately-owned company and leader in metals and materials supply chain intelligence, boosting the consultancy’s expertise in energy transition.
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Tanzania to add gold to reserves, resume $3 billion iron project
Mining News Pro - Tanzania has launched a new gold refinery as its central bank plans to start buying the metal to diversify its reserves.
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Tanzania gold refinery starts producing in drive to boost gold revenues
Mining News Pro - A new gold refinery set to be the biggest in Tanzania has begun production in a step towards the government's aim of processing more of the precious metal domestically.
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