Four Barrick Gold employees detained in Mali
Employees of the Loulo-Gounkoto mine were detained amid the government’s push for higher mining taxes.
Politics
Vedanta to invest US$2B in Saudi copper projects
Vedanta Copper, a subsidiary of India’s Vedanta, has announced plans to invest US$2 billion in copper-processing facilities in Saudi Arabia, a fresh boost to the kingdom’s aspirations to establish itself…
Panama’s president blames previous gov’t for First Quantum mine crisis
Panama’s President José Raúl Mulino has strongly condemned the previous government for its mismanagement of the crisis surrounding First Quantum Minerals’ (TSX: FM) US$6.5-billion Cobre Panama copper mine. The operation,…
Charting the Trump train’s global economic trajectory
I’ve been on the road over the last few weeks, attending various mining conferences along Australia’s east coast. One of the key discussion points has been United States president-elect Donald…
Solaris exits Canada for Switzerland with new CEO, board and spin-out plans
Solaris Resources (TSX: SLS; NYSE: SLSR) has hired Glencore’s (LSE: GLEN) former head of copper as its new CEO and advanced plans to move its office to Switzerland from Canada…
China germanium, gallium ban could cost US$3.4B
According to the USGS, gallium prices could increase by more than 150% and germanium prices by 26% in the event of a total ban.
Marvel Gold’s sale of Mali assets falls through
Australia’s Marvel Gold (ASX: MVL) announced on Wednesday that the planned sale of its gold projects in Mali will not proceed as intended due to recent developments affecting miners operating…
Gold looks good on Trump tariffs, tax cuts
Donald Trump’s presidential win is likely to be gold positive in the medium term, according to John Reade, chief market strategist for the World Gold Council. The potential for higher…
B.C. creates new mining ministry to tackle critical minerals amid doubts over capacity
British Columbia Premier David Eby on Monday split the Ministry of Energy, Mines and Low Carbon Innovation into two: Mining and Critical Minerals and Energy and Climate Solutions, to fast-track…
Uranium price to recover next year on shortage, Trump policy, Sprott CEO says
The price of uranium will rebound from its lowest level in a year as supply shortages, nuclear energy’s promise for clean energy and president-elect Donald Trump’s America-first security stance provide…
Risks rise in Mali as junta holds Resolute CEO
Shares in Resolute Mining (ASX: RSG; LSE: RSG) lost a third of their value on Monday after the Australian gold miner said Mali’s military government detained CEO Terence Holohan and two senior…
Copper price, stocks hammered as Trump tariff, China worries mount
December copper came under renewed pressure on Monday, falling some 1.7% to under US$4.23 per lb. (US$9,320 per tonne) in afternoon trading on the CME in Chicago, bringing losses since…