Trafigura faces US$577M loss on alleged nickel fraud
Commodities trader Trafigura Group will take an almost half a billion dollars charge in first half of 2023, after discovering that some nickel cargoes it bought didn’t contain the metal they were…
Africa
JV Article: Namibia Critical Metals advances Lofdal heavy rare earth project with Japan’s JOGMEC
Namibia Critical Metals (TSXV: NMI; US-OTC: NMREF), has taken an important step toward production at its Lofdal rare earth project, a globally significant deposit of the heavy rare earth metals…
Digital tech boosts mine output, links up machines by networks
The digital transformation is well underway, with many mining companies increasingly turning to automation and internet of things (IoT) technology to make their operations safer and more efficient. Senior executives…
Exclusive AME Roundup video: Mark Ferguson, Research Director at S&P Global Market Intelligence
Measures like the Inflation Reduction Act in the U.S. pressure automakers to source critical minerals in ESG-friendly jurisdictions, but it could be challenging to change supply chain flows already directed…
TSX moves higher during Jan. 23-27 trading week
The S&P/TSX Composite Index rose 211.3 points or 1.03% to finish the Jan. 23-27 trading week at 20,714.50. The S&P/TSX Global Mining Index fell 0.35 points or 0.29% to 120.80…
VRIC 2023: Junior metals M&A to remain muted in 2023
Mining personality and resource speculator Rick Rule harbours little hope that the pace of junior resource sector mergers and acquisitions activity will quicken in the coming 12 months as quality…
Fortuna Silver trims Yaramoko reserve estimate after evaluation, drill work
Fortuna Silver Mines (TSX: FVI; NYSE: FSM) has updated reserves and resources for the Yaramoko mine complex in Burkina Faso following its July 2021 purchase of the project through the…
Weaker consumer confidence dents plug-in electric vehicle uptake, critical minerals briefing hears
Near-term macroeconomic conditions could slow the uptake of plug-in electric vehicles, but strong sales growth will persist through the medium term, an industry event heard this week in Vancouver. Capitalight…
2023 is ‘likely to surprise’ us as much as 2022 did, finds White & Case survey
Inflation and geopolitics have overtaken ESG as the biggest concerns for 2023, while energy costs, shifting supply chains, and climate-related regulation and activism still worry firms. Despite shared concerns, there…
Stillwater expands resource, nickel by more than half at Montana project
Stillwater Critical Minerals (TSXV: PGE; OTC: PGEZF) has increased its resource estimate tonnage significantly at its Stillwater West battery and platinum metals project in Montana as it looks to emulate…
Canaccord bullish on gold price, Endeavour, Kinross and Probe
Investment bank Canaccord Genuity is upbeat on the gold price and production margins as recession looms and the United States dollar retreats. It also picks Endeavour Mining (TSX: EDV; LSE:…
Vedanta to sell zinc assets for US$2.98 billion in cash
Multinational Indian miner Vedanta Ltd. (NSE: VEDL) is selling its zinc assets to a unit of the company, Hindustan Zinc, in a US$2.98 billion all-cash deal. Vedanta Ltd. and Hindustan…