Timeline: The Oyu Tolgoi saga
From discovery to blockade: the twists, deals and disputes behind Mongolia’s Oyu Tolgoi copper-gold mine.
Asia
Hyundai backs ioneer’s Nevada lithium-boron project
Shares in Australian lithium developer ioneer (ASX: INR) gained this week after securing support from two South Korean engineering and infrastructure groups for its Rhyolite Ridge project in Nevada, a…
Rio Tinto’s Oyu Tolgoi resumes exports after blockade
Copper concentrate shipments from Rio Tinto’s (ASX, NYSE, LSE: RIO) Oyu Tolgoi mine resumed on Thursday, a day after protesters blocked a key transport route and threatened exports from one…
Rio Tinto’s giant copper mine blocked: protesters halt Oyu Tolgoi exports
Protesters blocked copper concentrate exports from Rio Tinto’s (ASX, NYSE, LSE: RIO) Oyu Tolgoi mine on Wednesday, disrupting shipments from one of the world’s most important copper projects and renewing…
Switzerland loses its shine as central bank gold vault
While central banks worldwide continue to buy more gold, they’re increasingly not selling dollars to do it while cutting the amount they store in once-favoured Switzerland. After banks were net…
China’s gold market cools amid ETF outflows: report
China’s gold market cooled in May as weaker prices, robust equity markets and soft jewelry demand weighed on investment activity, according to the World Gold Council (WGC). Chinese gold exchange-traded…
Debt cycle points to stronger case for gold price: Sprott
Gold’s long-term bull market is increasingly being driven by a force larger than inflation, interest rates or geopolitical tensions: the world’s growing debt burden. That is the central thesis of…
China stands by Japan rare earth export restrictions
China has doubled down on its months-long restriction on exports of rare earth products to Japan despite reports of the U.S. asking Beijing to lift the measures. In January, China’s…
Oil boosts risk of gold miner cost revisions: Jefferies
Elevated gold prices won’t be enough to help miners offset cost increases of as much as 9% if oil prices remain at current levels through the second half of 2026,…
Poland, China lead renewed central bank gold buying
Central banks resumed net gold buying in April, bolstering their view of the yellow metal as a strategic reserve asset, the World Gold Council (WGC) said in a report this…
Russia says it mined enough gold to beat China
Moscow’s first mining estimate since 2022 raises questions as industry experts struggle to reconcile the figures.
Goldman slashes copper supply outlook as deficits widen
Goldman Sachs has cut its global copper mine-supply forecast by 350,000 tonnes, citing slower-than-expected recoveries at Freeport-McMoRan’s (NYSE: FCX) Grasberg mine in Indonesia and Ivanhoe Mines’ (TSX: IVN; US-OTC: IVPAF)…