Glencore charged with bribery in London, pleads guilty in the US
Mining and commodities trader Glencore (LSE: GLEN) has settled probes into bribery and market manipulation in the U.K. and U.S. that have hung over the company for years. The company,…
Europe
The view from England: Party time as resources soar
In the U.K., despite horrendous inflation and gloomy economic forecasts, we are preparing to party. To mark the beginning of a four-day Platinum Jubilee celebration, thousands of beacons are being…
BHP to speed up Jansen potash mine as Ukraine war weighs on supplies
BHP’s (NYSE: BHP; ASX: BHP) chief executive Mike Henry wants to gear up on the company’s US$5.7 billion Jansen potash project in Canada as Russia’s invasion of Ukraine has caused…
Electric vehicles surpass phones as top driver of cobalt demand
Electric vehicles (EVs) overtook smartphones and other high-tech devices for the first time last year as the main driver of cobalt demand, with the sector consuming 59,000 tonnes of the…
Failed eruptions play a role in the creation of porphyry copper deposits
Porphyry copper deposits are largely produced by mechanisms similar to those causing large volcanic eruptions, new research by the University of Geneva has found. In a paper published in the…
Hochschild Mining earmarks US$200M to build gold mine in Brazil
Precious metal producer Hochschild Mining (LSE: HOC) will invest about $200 million to build the Posse gold mine in Brazil, a project added to its portfolio last year through the…
The view from England: Mining events avalanche
Rejoice, in-person events are suddenly back, with Mines and Money, Indaba, PDAC and, of course, the Venice Biennale crowding our calendars. I expect most of you have already made plans…
Plunging metals prices expected to rebound in H2 – report
Enduring Covid-19-linked lockdowns in the world’s largest metal consumer, China, are negatively impacting demand from end-use industries and sentiment towards the complex, resulting in lower metals prices, a new report…
Oksut mine halt casts shadow over Centerra Gold’s Q1 results
Centerra Gold (TSX: CG; NYSE: CGAU) saw its first quarter results hit by the suspension of its Öksüt mine in Turkey, where the adsorption-desorption recovery (ADR) plant has been out…
Endeavour hastens Ity optimization project on ‘excess cash generation’
Endeavour Mining (TSX: EDV; LSE: EDV) has pulled the trigger on building a recyanidation circuit at its cornerstone Ity operation in Côte d’Ivoire earlier than expected as it seeks to…
Europe’s Green Deal requires massive amounts of battery metals – study
A recent study by KU Leuven University in Belgium shows that meeting the European Union’s Green Deal goal of climate neutrality by 2050 will require 35 times more lithium and…
Eldorado Gold to resume Skouries construction in H2
Canada’s Eldorado Gold (TSX: ELD; NYSE: EGO) is aiming to resume construction at its Skouries gold-copper mine in northern Greece in the second half of the year, as it continues…