Gemfields fetches almost US$69M at ruby auction
Coloured gemstones miner Gemfields (LSE: GEM; JSE: GML) said on Wednesday it sold almost US$69 million of mixed-quality rubies at its June auction, with 97% of the offering gone. The…
Europe
Canada’s Cornish Metals to sell Nickel King asset
Cornish Metals (TSXV: CUSN; LSE: CUSN) is selling its Nickel King property in the Northwest Territories to Northera Resources for up to US$6 million to focus on advancing its flagship…
Green bonds grow as financing option
Green bonds are a rising source of funding as project developers widen their search for financing beyond stock markets, according to a panel at a New York mining conference. There…
Group Eleven shares leap on high-grade zinc-lead hits at Ballywire in Ireland
Group Eleven Resources (TSXV: ZNG; US-OTC: GRLVF) shares shot up 25% Tuesday as the company reported the strongest zinc-lead-silver drill results yet at its Ballywire prospect, part of its PG…
Gemfields picks ex-De Beers boss Bruce Cleaver as new chair
Emeralds and rubies miner Gemfields (LSE: GEM; JSE: GML) has appointed former De Beers chief executive, Bruce Cleaver, as chair and independent non-executive director. Cleaver, who was at the helm…
Botswana in talks to raise stake in De Beers
Botswana confirmed on Monday market rumours that it plans to increase its shareholding in De Beers, as parent company Anglo American (LSE: AAL) prepares to spin off or sell the…
Critical Metals to acquire 92% stake in rare earth project billed as one of world’s largest
The Tanbreez in Greenland, with a 28.2 million tonne TREO resource is expected to contain more than 27% heavy rare earth elements.
Most energy and mining projects 20% in the red: study
Miners and energy companies are facing average budget overruns of 15% to 20%, which puts nearly US$1.5 billion of capital invested in energy transition-related projects at risk each year through…
Gina Rinehart ups stake in lithium-focused Vulcan
Gina Rinehart, the billionaire mining magnate who owns Hancock Prospecting, has boosted her ownership in Vulcan Energy Resources (ASX: VUL) to 7.5% by injecting nearly €12.5 million ($18.5 million) into…
Editorial: Mining’s EV halo dims
It wasn’t supposed to be this way. Mining’s association with planet-saving electric vehicles (EVs) was supposed to make mining, if not cool, at least more acceptable. Maybe even virtuous. But…
BHP abandons US$49B bid for Anglo
BHP (ASX: BHP) is walking away from its US$49.2 billion offer for Anglo American (LSE: AAL) after the companies couldn’t agree on how to handle the target’s platinum assets in South…
Adriatic Metals seeks US$50M after first concentrate sale
Europe-focused Adriatic Metals (ASX: ADT; LSE: ADT1) said on Monday it had sold the first shipment of concentrate from its Vares silver mine in central Bosnia, and plans to raise…