Gemfields faces 21% tax as Zambia restores export duty
Shares in Gemfields (LSE:GEM; JSE: GML) fell on Wednesday after the coloured gemstones miner said it faces a high tax bill in Zambia following the government’s decision to re-introduce a…
Africa
Are lab-grown diamonds too bling for their own good?
Diamonds grown in the lab are shining brighter than natural stones by grabbing market share, but their kryptonite could be the low prices and large carats indicating they really are…
Barrick gives Mali a week to lift restrictions before shutting Loulo-Gounkoto mine
Barrick Gold (TSX: ABX; NYSE: GOLD) has set a deadline this week for Mali to remove new export limits and resolve a dispute over its Loulo-Gounkoto mining complex or it…
CMOC sets cobalt production record in 2024
China’s CMOC Group produced a record cobalt volume in 2024, driven by the rapid ramp-up of its African mines. The world’s No. 1 cobalt miner announced Monday it produced 114,165…
Cameco’s uranium, Ivanhoe’s copper, Agnico’s gold lead BofA’s picks this year
Cameco (TSX: CCO; NYSE: CCJ), Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF), Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Steel Dynamics (Nasdaq: STLD) are Bank of America’s top choices for…
Nioko’s buyout offer for Hummingbird to be declared unconditional
Nioko Resources’ £13.8 million ($24.6 million) takeover of Hummingbird Resources (AIM: HUM) has moved closer to completion, as the bidder announced its all-cash offer will be declared unconditional upon submission….
Gates, Bezos-backed KoBold Metals raises US$537M in race for critical minerals
KoBold Metals has raised US$537 million in its latest funding round as it seeks to become a key player in critical minerals needed for the energy transition. Supported by investors such…
Forecast: What will impact gold prices in 2025?
In order to focus on what will be important in determining gold prices in 2025, we first need to lay out three important points that help frame New York-based CPM…
De Beers sitting on largest diamond inventory since 2008, FT reports
De Beers has reportedly built up its largest stockpile of diamonds since the 2008 financial crisis, with an inventory valued now at roughly US$2 billion, according to the Financial Times….
London Symposium Video: How innovation and accountability could help green gold portfolios
Mining executives argued for a sharper industry focus on economic solvency, environmental accountability and public perception at a London event this month. The Northern Miner’s International Metals Symposium on Dec….
Cassius Mining takes Ghana to court for US$277M
Cassius Mining (ASX: CMD) is taking Ghana to court in London seeking US$277 million in damages for alleged contract breaches that killed the company’s Gbane gold project and may involve…
Supply shortage looms for critical battery raw materials by 2030: McKinsey
Vehicle and battery makers are “likely to confront persistent long-term challenges” in keeping up with demand by the end of the decade, according to a new report by McKinsey &…