Trafigura faces US$577M loss on alleged nickel fraud
Commodities trader Trafigura Group will take an almost half a billion dollars charge in first half of 2023, after discovering that some nickel cargoes it bought didn’t contain the metal they were…
Europe
Fancy colour diamond prices up 3.9% in 2022
Average prices for fancy coloured diamonds of any size climbed by 3.9% in 2022, led by yellows and pinks, the Fancy Color Research Foundation (FCRF), a non-profit that promotes transparency and…
Digital tech boosts mine output, links up machines by networks
The digital transformation is well underway, with many mining companies increasingly turning to automation and internet of things (IoT) technology to make their operations safer and more efficient. Senior executives…
LBMA implements optical AI technology to trace gold bars’ provenance
The London Bullion Market Association (LBMA) announced that it has added optical AI developer Alitheon to the pool of five companies that support the Gold Bar Integrity (GBI) initiative. The…
European Metals soars as Czech lithium project labelled ‘strategic’
Shares in European Metals Holdings (LSE: EMH; ASX: EMH) jumped on Monday in both Sydney and London after it said its Cinovec lithium project had been classified as strategic for…
VRIC 2023: Junior metals M&A to remain muted in 2023
Mining personality and resource speculator Rick Rule harbours little hope that the pace of junior resource sector mergers and acquisitions activity will quicken in the coming 12 months as quality…
Weaker consumer confidence dents plug-in electric vehicle uptake, critical minerals briefing hears
Near-term macroeconomic conditions could slow the uptake of plug-in electric vehicles, but strong sales growth will persist through the medium term, an industry event heard this week in Vancouver. Capitalight…
The view from England: Unfortunate alliances by mining leaders
Just brilliant! The mining industry is in urgent need of redemption but, at conferences in January, mining executives have aligned themselves with the Kingdom of Saudi Arabia (KSA) and an…
The view from England: Space rocks and rockets, the final frontier
Space never ceases to fascinate, whether it is our reaching the extra-terrestrial or the extra-terrestrial reaching us. We experienced a taste of the former on Jan. 9, when the U.K….
Arkle Resources finds lithium in Ireland
Diversified explorer Arkle Resources (AIM:ARK) said on Thursday it had found lithium bearing pegmatites at its Mine River Block gold project in southeastern Ireland. Of 34 rock chip samples taken…
Europe’s largest rare earths deposit found in Sweden
Swedish state-owned mining company LKAB said it has found Europe’s largest known deposit of rare earths close to Kiruna, the country’s northernmost town. The Per Geijer deposit, just north of the…
Five trends that defined 2022
The Northern Miner has put together a list of five trends we believe encapsulate the drama of 2022. 1 Geopolitical ‘curveballs’ Russia’s invasion of Ukraine was certainly the biggest geopolitical…