The View from England: Europe’s galactic mining goals
An asteroid is heading towards Earth, but it is good news for miners and Luxembourg stands ready to help. On August 11, NASA’s Planetary Defense Coordination Office provided an update…
Europe
Orvana stock tanks on El Valle rockfall
The Toronto-quoted equity of Orvana Minerals (TSX: ORV) lost nearly 16% in Monday trading following a rockfall at the legacy open-pit wall at El Valle, in Spain. The incident impacted…
Tesla, Re|Source to launch final pilot in DRC to trace cobalt from mine to EVs
Blockchain-based program program is being tested in real operating conditions at multiple on-site pilots in DRC and Europe.
Aluminum, copper, zinc usage from solar energy sector expected to double by 2040 – report
A new report by Wood Mackenzie predicts that the usage of aluminum, copper, and zinc in the solar power sector will double by 2040, thus prompting an increase in demand. …
Gates-backed firm ties up with Bluejay on battery metals quest
KoBold Metals, a start-up backed by a coalition of billionaires including Bill Gates and Jeff Bezos, will pay $15m in exploration funding for project in Greenland
Euro Sun Mining to list in London before year-end
Euro Sun Mining (TSX: ESM) says it plans to float on the London Stock Exchange later this year, likely in September, as it looks to fund the first phase of its Rovina…
Nordgold begins mining at Lefa’s satellite deposit
The Diguili deposit, located about 35 km from Lefa’ processing facility, is considered a core pillar of Nordgold’s expansion strategy.
SSR Mining sells non-core royalty portfolio to EMX Royalty
SSR Mining (TSX: SSRM; NASDAQ: SSRM; ASX: SSR) is selling its non-core royalty portfolio to EMX Royalty (TSXV: EMX; NYSE-AM: EMX) for a total of US$100 million. The sum consists…
Anglo American half-year profit best in its 104-year history
The diversified miner reported pre-tax profits of $10.1 billion for the six months to June, more than double what it made in 2020 as a whole.
Bluejay Mining to sell projects in Finland for $7m
It has agreed to sell its Paltamo and Rautavaara nickel, zinc, copper and cobalt projects to battery metals miner Metals One.
La Mancha launches US$1.4 billion gold mining fund
La Mancha Holdings, owned by Egyptian billionaire Naguib Sawiris, has unveiled a US$1.4 billion fund to hold the magnate’s gold mining investments and pursue new opportunities in the sector. The…
US markets rise, July 19-23
The Dow Jones Industrial Average rose 1.08% to finish the week at 35,061.55 and the S&P 500 climbed 1.96%% to 4,411.79. Spot gold dropped US$10.00 per oz., or 0.55%, to US$1,802.20…