Rio Tinto secures direct ownership of Oyu Tolgoi
Rio Tinto (NYSE: RIO; LON: RIO; ASX: RIO) is now the majority owner of the giant Oyu Tolgoi copper-gold mine in Mongolia, as it has completed its US$3.3 billion buyout…
Asia
Analysts forecast a mixed bag for commodities amid global 2023 slowdown
Given the tumultuous past two years that saw global markets ebb and flow to extreme degrees, it’s perhaps no surprise that the only thing that’s certain about the 2023 outlook…
Barrick Gold to go ahead with US$7B Reko Diq project
Barrick Gold (TSX: ABX; NYSE: GOLD) is going ahead with construction of its Reko Diq copper and gold project in Pakistan after the country’s top court cleared the path for…
ESG and mining debate: cultish activism vs. modern business sense
Are environmental, social and governance (ESG) guidelines the bible of a shadowy priesthood of consultants, or are they just good for business? Those two sides took shape during an online…
Global miners’ ESG strategies show ‘concerning’ lack of focus on gender
The mining industry shows a lack of focus on gender and diversity in their environmental, social and governance strategies, a recent report by Stratum International and Digbee has found. Based…
New Sustainable Critical Minerals Alliance to push ‘nature-positive’ mining
Canada has joined the launch of the new Sustainable Critical Minerals Alliance that seeks to pursue environmentally-sound and responsible mining, Natural Resources Minister Jonathan Wilkinson announced Monday.Speaking at the United…
Pakistan closer to letting Barrick Gold proceed with US$7B project
Pakistan’s Supreme Court endorsed on Friday a settlement between the country’s government and Barrick Gold (TSX: ABX; NYSE: GOLD), which allows the Canadian miner to resume work at its Reko Diq…
World Gold Council sees positive 2023 outlook for gold amidst global uncertainty
Despite an “unusually high level of uncertainty” surrounding consensus expectations for 2023, on balance, a “mixed set of influences implies a stable but positive performance for gold,” the World Gold…
Fate of Barrick’s US$7B project in Pakistan to be decided next week
Barrick Gold (NYSE: GOLD; TSX: ABX) will hear next week whether it can proceed with its US$7-billion Reko Diq copper-gold project in Pakistan, close to the borders of Iran and…
Rio Tinto-Turquoise Hill takeover vote set for Dec. 9
Turquoise Hill Resources (TSX: TQR) has set Dec. 9 as the date its shareholders will finally vote on the proposed US$3.3-billion takeover of the company by Rio Tinto (NYSE: RIO;…
World to face 8-million tonne copper deficit by 2032, Codelco warns
Codelco, the world’s biggest copper producer, warned on Thursday that global shortages of the metal may reach 8 million tonnes by 2032, as soaring demand continues to offset the number…
US Markets inch lower over Nov. 14-18 trading week
U.S. markets showed a modest decline over the Nov. 14-18 trading week as mixed data on inflation and retail sales were balanced by positive earnings in both the consumer cyclical…