Evolution Mining drags Aussie gold peers down after downgrade
Shares in Australian gold producer Evolution Mining (US-OTC: CAHPH; ASX: EVN) cratered on Monday after it downgraded its forecast gold production for the year to June 30 and shelved a…
Articles by Cecilia Jamasmie
Cornish Lithium secures further US$11M for UK project
Cornish Lithium, the start-up hoping to lead the development of an industry for the battery metal in the U.K., has secured another £9 million (US$11 million) from metals-focused investment company TechMet to help fast-track…
Sibanye-Stillwater’s Montana mine to remain halted for 4-6 weeks
Precious metals miner Sibanye-Stillwater (JSE: SSW) (NYSE: SBSW) said on Friday that its Stillwater platinum mine will remain halted for four to six weeks, as the company works on repairing damage…
US allots US$74M to critical minerals mapping
The U.S. Department of the Interior has set aside more than US$74 million to invest across 30 states in research and mapping of areas with potential for critical minerals, as…
De Beers latest sale shows stronger US and Chinese demand
De Beers, the world’s top diamond producer by value, saw improved sales in its latest auction, despite moving into the summer, which are generally considered a weaker period for roughs…
Chile copper workers begin nationwide strike over smelter closure
Chilean state-owned copper producer Codelco, the world’s largest, was hit on Wednesday by a nationwide strike against the miner’s decision to close permanently an allegedly polluting smelter in the country’s central…
Australia-based lithium supplier to Tesla targets first shipment by year-end
Australia’s Core Lithium (ASX: CXO), which counts electric vehicles giant Tesla among its future costumers, is planning to send its first shipment of the key battery material by the end…
Glencore unit pleads guilty to bribery in Africa
A British subsidiary of Glencore (LSE: GLEN) formally pleaded guilty on Tuesday to the seven charges of bribery brought against the mining and commodities trader by the U.K. Serious Fraud…
Alamos Gold kicks off production at new Mexican mine
Canadian miner Alamos Gold (TSX: AGI) has begun production at its La Yaqui Grande mine in Mexico, following the completion of construction this month, slightly ahead of schedule. A total of 991 ounces…
Peruvian government to extend tax refund benefit to mining, oil exploration
During a presentation at the 2022 PDAC conference in Toronto, the Peruvian minister of economy and finance, Óscar Graham, announced that his government will extend to 2025 the tax refund…
Glencore trading profit poised for best-ever year
Glencore (LON: GLEN) said on Friday that the first-half year profit from its commodities trading unit is on track to achieve its annual earnings target in the first six months…
Miners must invest in critical minerals or risk energy transition
The world’s biggest miners need to aggressively invest in critical metals or will hold back the global energy transition away from fossil fuels, a new report shows. According to PwC’s 19th…