De Beers’ diamond sales plunge on slow Asian demand, restricted supply
Tough economic conditions in China and India cut rough diamond sales by De Beers by 80% from a year ago as the company continued to keep stones off the market,…
Europe
JV Video: EY highlights access to capital as key concern for miners
Concern over access to capital against the urgent need for trillion-dollar investment to meet metal demands for the energy transition emerged as a critical industry concern in the latest findings…
JV Video: How Mundoro pulls well-heeled partners to find copper porphyries
Mundoro Capital (TSXV: MUN) has honed a strategy of attracting major mining partners to join its exploration efforts across its multinational portfolio of copper porphyry plays. The Mundoro team has…
JV Video: Group Eleven Resources drills for ESG-friendly zinc in Ireland
Strong drill results are convincing Group Eleven Resources’ (TSXV: ZNG) CEO Bart Jaworski that the company’s on its way to finding the Republic of Ireland’s next big zinc mine. As…
Embattled Scotgold Resources ready to go into administration
Struggling Scotgold Resources, which operates Scotland’s only gold mine, is planning to appoint administrators over the coming days as financing talks announced last month failed to attract investment. The gold miner went into…
TNM Drill Down: Hod Maden in Turkey tops results
Our TNM Drill Down features highlights of the top gold assays of the past week (Oct. 27 – Nov. 3). Drill holes are ranked by gold grade x width, as…
Savannah Resources courts partners for Barroso lithium project in Portugal
London-based Savannah Resources (LSE-AIM: SAV) says it has received proposals from several companies to partner on its Barroso lithium project in northern Portugal. Interest in the project has picked up…
Credit rater Fitch upbeat on gold majors’ resilience amid hazy markets
Fitch Ratings of London has issued a stable credit outlook for global gold producers, citing their strong financial metrics and debt reduction despite higher inflation, interest rates and geopolitical risk….
CMS: McCluskey’s brush with death and longer mine-life
First the market ran over him, then a truck. This is how John McCluskey hit bottom and bounced back. It was 1999 and the dot.com bubble was already sucking the…
Finland discovers rare earth minerals at the Sokli deposit
Finnish Minerals Group and the Geological Survey of Finland have identified two new minerals, kukharenkoite and cordylite, at the company’s Sokli deposit. This is the first time these rare earth minerals have…
Appian invests in US graphite-focused firm Urbix as China export curbs loom
U.K.-based private equity fund Appian Capital Advisory is investing in Urbix, a U.S.-based developer of graphite processing technology, and has inked a deal to develop a commercial-scale downstream processing facility….
Agnico operating permit restored for Kittila mine in Finland
Canadian gold miner Agnico Eagle (TSX: AEM; NYSE: AEM) confirmed on Friday that its operating permit for the Kittila mine in Finland remains valid despite appeals for reconsideration, and, as…