Wealthiest nations offer Indonesia $20B to wean it off coal
Rich nations led by the U.S. and Japan have pledged to give Indonesia a US$20-billion package to help the coal-dependent country shift to renewable energy and reach carbon neutrality by…
Europe
TNM Drill Down: Top gold assays for the week of Nov. 4-10, 2022
Welcome to our weekly feature, TNM Drill Down, focusing on the top gold assays of the past week. Assays are ranked by gold grade x width, as identified by our…
West faces daunting task to compete with China in critical minerals race, says Neo Performance CEO
Engaging in the global critical minerals market means facing up to the huge challenge presented by China, says Neo Performance Materials‘ (TSX: NEO) CEO and president Constantine Karayannopoulos. Speaking during an…
WGC calls miners to plan for further climate change risks
The World Gold Council (WGC) is urging bullion miners to implement more consistent, systematic planning and wider collaboration, including closer engagement on risks with local communities, to deal with climate-related…
TSX Venture drifts slightly lower over the Oct. 31-Nov. 4 trading week
The S&P/TSX Venture Composite Index ended the Oct. 31-Nov. 4 trading session at 593.70 points, just 3.23 points or 0.5% lower. Critical Elements Lithium shares rose by 31¢ to $4.75…
Barrick falls to new 12-month low as Q3 profit drops on lower output, higher cost
Canada’s number-one gold producer Barrick Gold (TSX: ABX; NYSE: GOLD) has reported a sharp drop in third-quarter earnings as lower production and higher costs weighed on its September-quarter financial results….
Diamond trade watchdog mulls fate of Russian gems
The Kimberley Process (KP), an international scheme that certifies rough diamond exports, is expected to decide this week whether Russian diamonds should be declared conflict gems. Members of the KP…
Spac started by ex-Rusal M&A wiz hunts for green metals giant
ACG Acquisition (LSE: ACG), a new company founded by a mining executive who helped create aluminum giant Rusal, says it plans to buy a critical minerals producer valued at several…
Cameco reports Q3 uranium contracting gains, touts scooping Russian market share
Canadian uranium major Cameco (TSX: CCO; NYSE: CCJ) has narrowed its September-quarter loss, citing building momentum in long-term contracting by power utilities amid concern about global energy security and the…
Visualization: Lithium producers in ‘generational challenge’ to meet 2050 demand, finds BMI report
The world will need to produce 11.2 million tonnes of lithium carbonate equivalent (LCE) by 2050, or 20 times 2021 output, to meet growing demand from automakers and energy storage…
Mining’s problems are now the world’s problems, as lithium scale-up issues show
Lithium prices continue to hold near historic highs, even in the face of an anticipated global recession. Spot prices for both lithium carbonate and hydroxide are now hovering around US$70,000…
De Beers names Equinor’s Cook as new CEO
De Beers, the world’s top diamond producer by value, has appointed oil and energy industry executive Al Cook as its new chief executive to replace Bruce Cleaver, who leaves the top job after six…