Paladin faces second lawsuit over uranium forecast
Australia’s Paladin Energy (ASX: PDN) is facing the prospect of a second class action lawsuit tied to its production guidance. The new legal action, if initiated, would unfold in the…
Australia, NZ & South Pacific
Platinum seems near price surge: Sprott
Platinum may be on the cusp of a sustained price rise amid forecasts for reduced inventories and a third straight year of supply scarcity, Sprott Asset Management says in a…
Is Glencore’s $22B asset shift a prep for Rio merger?
Glencore (LSE: GLEN) has transferred almost $22 billion in foreign assets into its Australian subsidiary in a sweeping global restructuring that could lay the groundwork for a future merger with…
Harmony Gold buys MAC Copper for $1B
Harmony Gold (JSE: HAR; NYSE: HMY), South Africa’s top gold producer by volume, has agreed to acquire MAC Copper (ASX: MAC; NYSE: MTAL) for $1.03 billion, accelerating its strategic shift…
Aus stockpile to tackle ‘distorted’ rare earths market
Rare earth and lithium producers are cautiously backing the Australian government’s proposed critical minerals strategic reserve, amid fresh details and ongoing concerns over its design. The federal Labor government, re-elected…
Greatland Gold targets $33M in ASX dual listing
Greatland Gold (LSE: GGP) has launched its long-anticipated initial public offering, targeting up to A$50 million (US$33 million) as part of a dual listing on the Australian Securities Exchange and…
Miners call on Australian government to lift productivity
The Australian Labor Party has been given a strong mandate to lead the country, with mining bosses calling for the government to strengthen policies for the resources sector
China rules critical mineral despite efforts: IEA
A new report by the International Energy Agency paints a sobering picture of the global push to secure critical minerals as nations are forced to navigate through high geopolitical tensions…
Shock exit: Rio Tinto CEO Stausholm to step down
Rio Tinto (ASX, LSE: RIO) announced on Thursday the unexpected exit of CEO Jakob Stausholm later this year, ending a nearly five-year tenure marked by efforts to restore trust with…
Fortescue delays Iron Bridge full output to 2028
Australia’s Fortescue (ASX: FMG) has pushed back full operations at its $3.9 billion Iron Bridge project to 2028, five years later than initially projected, citing continued technical challenges and the…
Ex-LBMA exec adopts blockchain to trace gold
Sakhila Mirza must turn a decade of rule-making experience at the London Bullion Market Association (LBMA) into real-world systems as incoming president of New York-based traceability platform, Responsible Gold. Her…
$4,800 gold price in 5 years: Incrementum
Gold could exceed $4,800 per oz. by December 2030 based on a probable base-case scenario, Liechtenstein-based gold fund Incrementum outlined in its In Gold We Trust report. The report’s base-case scenario…