India factory closures weigh on De Beers diamond revenues
Anglo American‘s (LON: AAL) diamonds unit De Beers has reported another decline in sales revenue for the ninth sales cycle this year, as cutting factory closures in India weighed on…
Europe
PYX Resources dual lists in London as zircon supply crunch intensifies
Australia-based PYX Resources (NSX: PYX; LSE: PYX) has taken up a secondary listing on the London Stock Exchange to give more investors access to the zircon market while providing the…
Update: Greenland Minerals tanks as uranium ban leaves project in limbo
Shares in Greenland Minerals (ASX: GGG) fell almost 30% on November 12 to 8.8 Australian cents as the company resumed share trading following Greenland government’s decision earlier this week to ban…
Greenland bans uranium mining, blocking vast rare earths project
Greenland’s parliament has passed a bill to ban uranium mining and exploration in the Danish territory, effectively blocking the development of the vast Kvanefjeld rare earths project, one of the…
The View from England: Fuse lit for American ironworkers
Friday November 5 saw fireworks on either side of the Atlantic. Just as the big bangs were fading on Guy Fawkes Night in the United Kingdom, rockets were going off…
Otso gold mine in Finland returns to production
The gold miner expects to sell the first gold dore from the site over the next week.
Agnico Eagle exploration spending to hit record US$163M in 2021
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) is on track to set a record with its 2021 exploration spending. This year’s budget is now US$163 million, compared to US$113 million…
TSX Venture Exchange climbs, Oct. 25-29
The S&P/TSX Venture Composite Index rose 1.59 points or 0.17% to finish the October 25-29 trading week at 950.43. Spot gold climbed US$8.50 per oz. or 0.47% to US$1,784.30 per…
Anglo American to halve indirect emissions by 2040
Anglo American (LSE: AAL) aims to halve its indirect greenhouse gases, known as Scope 3 emissions, by 2040 while it continues to boost the use of renewable energy across its…
Zijin opens Serbia’s largest copper mine
Zijin Mining, China’s largest gold miner, has begun operations at its Cukaru Peki copper and gold mine in Serbia. The asset, part of the Timok project, is expected to make the Balkan country Europe’s…
Rio Tinto says 60 Jadar mines wouldn’t fill looming lithium gap
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has joined the rising chorus of companies and analysts warning of an imminent and “significant” supply gap for lithium, as demand for…
Alrosa says global diamond sector “fully recovered” from pandemic hit
Alrosa, the world’s top diamond miner by output, says the industry has “fully recovered” from the Covid-19 pandemic as a structural production decline paired with growing end-user demand are pushing…