Royal Road JV wins bid for Saudi exploration licence
Royal Road Minerals (TSXV: RYR) says its Saudi Arabian joint venture vehicle has won preferred bidder status for the Jabal Sahabiyah exploration licence located in Asir province. The JV, Royal…
Asia
At Saudi Arabia’s Future Minerals Forum, the buzz word is partnership
Barrick Gold’s (TSX: ABX; NYSE: GOLD) Mark Bristow and Vale’s (NYSE: VALE) Mark Cutifani like Saudi Arabia’s plan to be a regional financial partnership hub because others racing to develop…
Uranium jumps to over US$100 per lb as top miner flags shortfall
Uranium prices jumped on Friday to a 16-year high after the world’s largest producer, Kazakhstan’s Kazatomprom (LSE: KAP), warned it’s likely to fall short of its output targets over the…
Posco, Lithium South to jointly develop Hombre Muerto project
South Korea’s Posco and Canada’s Lithium South Development (TSXV: LIS) — a junior with a $39-million market cap — have signed an agreement for the joint development of the Hombre…
Gemfields says rubies making headway in Chinese market
Rubies are becoming the favourite coloured stones among Chinese consumers, with about 61% of the population considering them a “desirable” item and about 55% buying rubies in the past year,…
Future Minerals Forum: Vale’s US$10B for Canada targets existing potential
Vale (NYSE: VALE) is spending US$10 billion ($13.3 billion) in Canada over the next decade to keep operations running in a district it values for its low-carbon production.The funds are…
Ivanhoe Electric shocks Saudi geology to spot targets
Ivanhoe Electric (TSX: IE; NYSE AM: IE) has zapped the ground with its Typhoon surveying system to find drill targets in Saudi Arabia and is content with its project portfolio,…
Saudi Arabia forum looks to boost Middle East, Africa exploration
Saudi Arabia is attracting global mining companies to its third annual Future Minerals Forum in Riyadh on Wednesday as it invests its vast oil wealth into mining exploration with some…
Lithium junior Kali Metals soars on ASX debut, defying market trend
Shares in lithium explorer Kali Metals (ASX: KM1) jumped as much as 86% on its first day of trading on the Australian Stock Exchange, following an initial public offering in…
First Quantum said to be in talks with Jiangxi over Zambian mines
Canadian miner First Quantum Minerals (TSX: FM), which is reeling from the forced closure of its flagship copper mine in Panama, is said to be in talks to sell a stake…
BMO cautions against excess gold sector royalty deals
A trend among gold developers to write royalties as a strategy to raise investor value amid a stifled financial market carries high risks, a new BMO Capital Markets report found…
2024 belongs to an offbeat pairing — uranium and gold
As demand for EV and base metals is expected to slow along with global growth in 2024, two very different metals are likely to stand out from the commodity pack:…