De Beers’ $18B diamond empire could fetch $1B
De Beers, the former diamond monopoly once valued at more than $18 billion (C$25 billion), could sell for about $1 billion as Anglo American (LSE: AAL) nears a deal to…
Europe
Rule Symposium Video: BHP funding drives Mundoro’s Serbia copper hunt
Mundoro Capital (TSXV: MUN; US-OTC: MUNMF) plans to steer BHP (NYSE, LSE, ASX: BHP) -funded drilling toward the untested core of a copper-gold porphyry system at Central Timok in Serbia….
Gold, silver prices rebound as US-Iran war spreads
Gold and silver jumped on Wednesday as a sharp escalation in the United States war on Iran sent oil surging and investors scrambling back into havens, with buyers willing to…
Eldorado crushes first ore at Skouries, eyes Q3 output
Eldorado Gold (TSX: ELD; NYSE: EGO) has processed first ore through the crushing circuit at its Skouries copper-gold project in northern Greece as the company remains on track for first…
Ex-De Beers chief leads bid for diamond giant
Anglo American (LSE: AAL) has selected a consortium led by former De Beers chief executive Gareth Penny as the preferred bidder to acquire its diamond business, according to Botswana’s government….
ETM battles Greenland over rare earth ‘expropriation’
Energy Transition Minerals (ASX: ETM) says Greenland has effectively seized one of the world’s largest rare earth deposits outside China by blocking development of the Kvanefjeld project and refusing to…
AI emerges as new driver of rare earth demand: Sprott
Artificial intelligence is emerging as an unexpected new source of demand for rare earth elements, adding to military and clean-energy consumption just as Western governments pour billions of dollars into…
Greenland Mines lifts PGM oz by 31% at Skaergaard
An updated technical report for Greenland Mines’ (Nasdaq: GRML) Skaergaard palladium-gold-platinum project increased contained palladium-equivalent metal across resource categories by more than half while boosting grades by about 80%. The…
De Beers cuts diamond prices, axes 25 elite buyers
Giant diamond miner De Beers has made sweeping cuts to its official prices at its first sale since culling nearly a third of its handpicked buyers, a strategy aimed at…
Creating mining districts could unlock billions: study
Mining companies could unlock billions in additional value by treating nearby operations as integrated mining districts rather than standalone assets, according to a study by GEM Mining Consulting. The firm’s…
Aussie explorer mulls lawsuit after Greenland nixes rare earths exploration licence
Energy Transition Minerals (ASX: ETM) is considering legal action against the Greenland government after it rejected the company’s application to extend its exploration licence at the Kuannersuit project, which hosts…
Sweden grants 25-year rare earths concession
The Swedish government has granted Leading Edge Materials (TSXV: LEM) a 25-year mining lease for one of Europe’s leading heavy rare earths projects after the company addressed environmental concerns and…