Gold miner Navoi issues $500M Eurobond
Navoi Mining & Metallurgical Co., the world’s fourth-largest gold miner, has placed a new $500 million corporate bond in London following a $1-billion issue in October as the company preps…
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Rio’s $1.7B upgrades century-old Quebec hydro dam
Rio Tinto (ASX: RIO) is investing $1.7 billion (US$1.22 billion) to modernize its Isle-Maligne hydroelectric power plant in Quebec, first commissioned in 1926, to make aluminum production more efficient. The…
Ex-LBMA exec adopts blockchain to trace gold
Sakhila Mirza must turn a decade of rule-making experience at the London Bullion Market Association (LBMA) into real-world systems as incoming president of New York-based traceability platform, Responsible Gold. Her…
Video: Suspect arrested in Peru gold mine massacre
The main suspect in the kidnapping and murder of 13 gold miners in Peru has been arrested in Colombia, according to the Peru’s Ministry of the Interior. Miguel Antonio Rodríguez…
Manitoba fires threaten Tanco lithium-cesium mine
Sinomine’s Tanco mine in southeast Manitoba, one of Canada’s two lithium mines, faces risks as wildfires continued to rage in the area on Friday, while Grid Metals (TSX: GRDM; US-OTC:…
$4,800 gold price in 5 years: Incrementum
Gold could exceed $4,800 per oz. by December 2030 based on a probable base-case scenario, Liechtenstein-based gold fund Incrementum outlined in its In Gold We Trust report. The report’s base-case scenario…
Lynas produces first heavy rare earths outside China
Australia’s Lynas Rare Earths (ASX: LYC) has become the first producer of so-called ‘heavy’ rare earths outside of China following the successful production of dysprosium at its Malaysia plant. Dysprosium…
Tungsten prices hit 12-year high on China’s limits
European tungsten prices have surged to their highest level since 2013, driven by China’s tightening grip on critical mineral exports and rising demand from sectors like electronics, defence and renewable…
Kazakhstan to build on $1B in investments
Kazakhstan, the world’s largest uranium producer, wants to diversify its mining sector and build on $1 billion (C$1.4 billion) in private investment over the past five years, a conference in…
Valley tonnage balloons in Snowline Gold update
A resource update for Snowline Gold’s (TSX-V: SGD; US-OTC: SNWGF) Valley project in east-central Yukon adds more than 3 million contained oz. in the measured category while almost doubling indicated…
Agnico lifts Foran stake but copper project costs jump
Canada’s Agnico Eagle (TSX, NYSE: AEM) is increasing its stake in Foran Mining (TSX: FOM) which is coping with increased capital costs for its McIlvenna Bay copper-zinc-gold-silver project in Saskatchewan. …
First Quantum mine closure sucks $1.7B from Panama
First Quantum Minerals (TSX: FM) says its shuttered copper mine in Panama would have contributed more than $1.7 billion (C$2.38 billion) to the Latin American nation’s economy had it remained…