Venezuela’s $4B gold stash closer to leaving London
Venezuela’s government and a faction of the opposition are nearing an agreement that could move about $4 billion of the country’s gold from the Bank of England to U.S. custody,…
Articles by Cecilia Jamasmie
Uranium miners race to catch surging nuclear demand
The uranium market is slipping into a structural deficit as surging nuclear demand outpaces the development of new mines. Global uranium exploration and development spending exceeded $1.78 billion in 2023…
Billionaire’s buying spree stretches beyond iron ore
Gina Rinehart’s Hancock Prospecting has made a string of investments over the past year, building exposure to rare earths, copper, gallium, antimony and precious metals as Australia’s richest person broadens…
China’s MMG moves to ease EU concerns over $500M Anglo nickel deal
China-backed MMG (HKG: 1208) has pledged to maintain or increase nickel supplies to Europe after the European Commission formally objected to its planned purchase of Anglo American’s (LSE: AAL) Brazilian…
Lundin Gold tax fight tests Ecuador mining rules
Ecuador’s $154-million (C$215-million) tax assessment against Lundin Gold (TSX: LUG; US-OTC: LUGDF) has opened a dispute over how the country calculates the state’s share of mining benefits. The country’s Internal…
Sudan gold mine collapse kills at least 60
At least 60 people were killed in a gold mine collapse in Sudan’s West Kordofan state as reports that survivors remained underground spurred calls for urgent rescue efforts. More than…
Radiant World sues Glencore for $2 billion
Radiant World and Sapphire Minmetals have sued Swiss miner and commodities trader Glencore (LSE: GLEN) in Singapore, seeking $2 billion (C$2.8 billion) in damages. Sapphire Minmetals, which used to be…
BHP faces arbitration in Port Hedland wage dispute
Workers at BHP’s (ASX, LSE, NYSE: BHP) Port Hedland operations are seeking binding intervention in a wage dispute that is deepening labour tensions at the world’s largest bulk export port….
U.S. takes 10% Trilogy stake in Alaska push
The U.S. government has closed a $35.6-million (C$49.4-million) investment giving it about 10% of Trilogy Metals (TSX, NYSE-A: TMQ), deepening Washington’s direct involvement in developing the company’s copper-rich projects in…
Saudi Arabia touts mineralized uranium, rare earths find
Saudi Arabia has identified an estimated 110 million tonnes of mineralized material containing rare earths and uranium in the Medina region as the kingdom moves to develop nuclear power and…
EU scrutiny of Anglo-MMG nickel deal tests China stance
China-backed MMG (HKG: 1208) is urging European regulators to approve its $500-million (C$690 million) purchase of Anglo American’s (LSE: AAL) Brazilian nickel business in a case that could test how…
Chile bill targets foreign cash for next mining boom
Chile is opening its capital markets to junior explorers as the world’s top copper producer and second-largest lithium supplier seeks more investment to fund new mineral discoveries. The Senate-approved bill,…