Resolute Mining CEO quits following detention in Mali
West Africa-focused gold producer Resolute Mining (ASX: RSG) announced on Monday the resignation of CEO Terry Holohan, who was detained in Mali for 10 days in November. Holohan and two…
Politics
Canada fires back with 25% tariffs of its own on American goods
Canada responded in kind to U.S. President Donald Trump’s 25% tariff on Canadian goods with the same levy on $155 billion of American products. Ottawa is also considering several non-tariff…
Trump order boosts nuclear energy but kinks remain
Nuclear energy’s comeback from the doldrums after the Fukushima disaster of 2011 is riding a solid spot price wave and also potential traction from a Trump administration bid to re-classify…
Resolute’s costs rise, output falls in Mali, Senegal
West Africa-focused gold producer Resolute Mining (ASX: RSG) forecasts reduced production and higher costs this year as its Mako mine in Senegal nears depletion and tax changes in Mali drive up…
Opinion: Trump drops a bomb on green energy
President Donald Trump has long been a supporter of traditional energy. During his campaign, he spoke negatively about electric vehicles, wind and other renewable energy sources. But in his first…
China funnelled US$57B to control critical mineral supply chain: report
China has systematically extended its control over critical minerals essential for the global energy transition and net-zero emissions, using a network of at least 26 state-backed financial institutions over the…
Ontario OKs $90M to upgrade Ring of Fire region
Queen’s Park and Aroland First Nation have signed a multi-million-dollar agreement to plan a transmission line in the remote Ring of Fire area in the province’s north. The deal also…
Canadian mining optimistic in face of Trump tariff threat
Canada is on edge, but the mining industry appears quietly confident it will emerge largely unscathed from U.S. President Donald Trump’s threat to put 25% tariffs on all goods from…
VRIC: Looming U.S. dollar crisis could send gold prices ‘through the roof’
Ballooning U.S. deficits and a dearth of opportunities to mine gold in geopolitically stable jurisdictions are two major reasons to be bullish on the metal, an annual investor forum in…
Saudis to buy stake in Barrick’s Reko Diq: FT
Saudi Arabian mining fund Manara Minerals is set to buy a 10%-20% in the Reko Diq copper and gold project in Pakistan for about US$500 million to US$1 billion, the…
Former Shell, Anglo leaders back new body to ease resource conflict
Resource Resolutions (RR), a new venture aimed at reducing growing societal and geopolitical divisions around natural resources, has announced a global advisory council comprised of eminent figures from industry, international diplomacy…
Barrick’s Reko Diq to generate US$74B over 37 years
Barrick Gold (NYSE: GOLD) (TSX: ABX) said on Monday its half-owned Reko Diq copper and gold project in Pakistan is projected to generate approximately US$74 billion in free cash flow…