Lithium price surge unlikely to return: Fitch
The lithium market has entered a “new normal” period of stability with sustained price surges a thing of the past, analysts at FitchSolutions BMI said in a webcast Thursday. Falling…
Africa
Petra cuts latest sign of a down diamonds market
Petra Diamonds (LSE: PDL) has revised its guidance for the next two fiscal years and appointed a new finance leader as part of its plans to lower expenses and debt…
AngloGold boosts investment in Brazil as it mulls Corrego’s fate
South African gold miner AngloGold Ashanti (NYSE: AU; ASX: AGG; JSE: ANG) plans to spend 1.1 billion reais (US$198 million) in Brazil this year, mainly on exploration. The company, which invested…
De Beers sales drop to US$315M amid search for new owner
De Beers’ sales of rough diamonds fell for the second time this year, with the Anglo American (LSE: AAL) unit recording a provisional US$315 million, down from US$383 million in…
JV Article: Midnight Sun Mining partners with KoBold Metals, First Quantum
In February, Midnight Sun Mining (TSXV: MMA) teamed up with KoBold Metals, a privately held U.S. AI-driven mining and exploration company backed by technology investors including Bill Gates and Silicon…
South Africa’s unity rule may boost mining
South Africa’s new coalition government with a pro-business party could help the world’s leading platinum producer improve its troubled power and rail networks getting metal to market, analysts say. The…
Gemfields fetches almost US$69M at ruby auction
Coloured gemstones miner Gemfields (LSE: GEM; JSE: GML) said on Wednesday it sold almost US$69 million of mixed-quality rubies at its June auction, with 97% of the offering gone. The…
How to attract Silicon Valley and Gen Zs
Silicon Valley could help the mining industry solve problems from funding to smelting but tech wizards shouldn’t necessarily run a mine, panellists told a conference on financing trends in New…
Asante Gold to up production at Bibiani with new plant
Asante Gold (CSE: ASE; US-OTC: ASGOF) is getting closer to increasing gold production at its Bibiani mine in Ghana, as long-lead items for the sulphide recovery plant are anticipated to arrive by…
Mali approves Leo Lithium’s stake sale to Ganfeng
Australia’s Leo Lithium (ASX: LLL) said the government of Mali had conditionally approved the sale of its remaining 40% stake in Mali Lithium to China’s Ganfeng Lithium for almost US$343…
De Beers plans return to marketing roots as split from Anglo American looms
De Beers, which created the global market for diamond engagement rings through its “A Diamond is Forever” campaign, is shifting back to its marketing roots as its parent company Anglo…
NextSource lands World Bank support for Molo graphite expansion
NextSource Materials (TSX: NEXT; US-OTC: NSRCF) has signed a mandate letter with International Finance Corp., the private sector investment arm of the World Bank Group, to lead a senior debt…