DRC revives $29B iron plan once tied to Gertler
The Democratic Republic of Congo (DRC) wants to develop a $29-billion (C$40.1 billion) iron ore export plan in the country’s north linked at one time to U.S.-sanctioned Israeli billionaire Dan…
Africa
Taylor Swift’s vintage ring shines new light on diamond industry
Some in the battered diamond industry believe an unlikely figure, pop star Taylor Swift, may have done more to revive interest in natural diamonds than years of marketing campaigns. Diamond…
Fund sells down Endeavour stake
London-based La Mancha Resource Capital is reducing its stake in West Africa-focused gold producer Endeavour Mining (LSE, TSX: EDV) after its shares nearly tripled in value in a year. The…
Glencore holds merger talks with Rio
Rio Tinto (NYSE, LSE, ASX: RIO) and commodities trading giant Glencore (LSE: GLEN) are holding preliminary talks about combining some or all of their businesses in a deal that could…
Energy Fuels’ mineral sands project value up 80%
An updated feasibility study for Energy Fuels’ (TSX: EFR; NYSE: UUUU) Vara Mada heavy mineral sands (HMS) project in Madagascar almost doubles its value over the initial study while adding…
Spotlight: Gold players around the world
With gold prices at record highs, it’s never been a better time to explore and develop gold projects. Here’s a look at four exciting companies to watch. Amex Exploration In September Amex Exploration (TSXV: AMX; US-OTC: AMXEF) announced a new two-stage development strategy for…
AI to boost copper demand 50% by 2040: S&P
A rapid and exponential growth in artificial intelligence (AI), defence spending and robotics will lift global copper demand by 50% by 2040, leaving a supply shortfall of more than 10…
Copper prices hit yet another record
Copper prices surged to a fresh record on Tuesday as supply disruptions and U.S. trade uncertainty continue to fuel a sharp early-year rally across base metals. Benchmark three-month copper on…
Mineral, metal prices to edge higher: Fitch’s BMI
Most mineral and metal prices are expected to increase slightly this year as robust demand and tighter supply combine with declining tariff uncertainties, according to BMI, a unit of Fitch…
Lucara Diamond backs Karowe expansion
Canada’s Lucara Diamond (TSX: LUC) is pressing ahead with its plan to extend the life of the Karowe mine in Botswana after an updated feasibility study showed the underground project could…
Gold jumps after Venezuela president captured
Gold advanced nearly 3% on heightened geopolitical tensions following the capture of Venezuela President Nicolás Maduro by United States special operations forces. Spot gold hit a one-week high of $4,455.42…
Ivanhoe starts copper smelter output in Congo
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has officially begun copper anode production at Kamoa-Kakula’s state-of-the-art, direct-to-blister smelter in the Democratic Republic of the Congo. First production occurred on Dec. 29,…