Venezuela’s $4B gold stash closer to leaving London
Venezuela’s government and a faction of the opposition are nearing an agreement that could move about $4 billion of the country’s gold from the Bank of England to U.S. custody,…
Europe
Uranium miners race to catch surging nuclear demand
The uranium market is slipping into a structural deficit as surging nuclear demand outpaces the development of new mines. Global uranium exploration and development spending exceeded $1.78 billion in 2023…
China’s MMG moves to ease EU concerns over $500M Anglo nickel deal
China-backed MMG (HKG: 1208) has pledged to maintain or increase nickel supplies to Europe after the European Commission formally objected to its planned purchase of Anglo American’s (LSE: AAL) Brazilian…
Radiant World sues Glencore for $2 billion
Radiant World and Sapphire Minmetals have sued Swiss miner and commodities trader Glencore (LSE: GLEN) in Singapore, seeking $2 billion (C$2.8 billion) in damages. Sapphire Minmetals, which used to be…
EU scrutiny of Anglo-MMG nickel deal tests China stance
China-backed MMG (HKG: 1208) is urging European regulators to approve its $500-million (C$690 million) purchase of Anglo American’s (LSE: AAL) Brazilian nickel business in a case that could test how…
Mineral tracking a must for industry credibility: OECD
Better traceability of critical minerals like lithium and nickel can boost the credibility and integrity of the supply chain, a new report this week by the Organization for Economic Co-operation and…
ACG buys project to boost copper output in Turkey
ACG Metals (LSE: ACG) is buying a Turkish mining licence that contains the Keşkek gold project to double annual copper-equivalent output at the company’s nearby Gediktepe mine to 40,000 tonnes. …
BHP, KGHM join forces in global hunt for copper
BHP (ASX, LSE, NYSE: BHP), the world’s largest miner, and KGHM Polska Miedź (WSE: KGH) are joining forces to hunt for new copper deposits globally as demand for the metal…
Galantas exits mired Omagh gold project in Ireland
Galantas Gold (TSX-V, LSE-A: GAL) has sold its remaining 20% indirect interest in Northern Ireland’s Omagh gold project to Ocean Partners UK for $5 million (C$6.92 million), completing its exit…
Swiss gold ban squeezes Sudan’s war economy
Switzerland has begun banning purchases and imports of Sudanese gold and restricting mining supplies in an effort to choke off a source of financing for the country’s three-year war. The…
MMG faces EU antitrust warning over Anglo nickel deal
MMG’s $500-million purchase of Anglo American’s (LSE: AAL) Brazilian nickel assets is facing another hurdle, with European regulators expected to formally spell out competition concerns about the Chinese-controlled miner’s proposed…
Eldorado’s Skouries turns years of setbacks into copper
Eldorado Gold (TSX: ELD; NYSE: EGO) has produced the first copper-gold concentrate at its Skouries project in Greece as the miner targets commercial production in the fourth quarter. The Canadian…