High copper prices revive old deposits
The record copper price environment has prompted a resurgence in copper exploration activity at several projects that were marginal at the long-term average metal price. Just two examples include US…
Europe
Kinross and S2 team up to find Finnish gold
Kinross Gold (TSX: K; NYSE: KGC) has signed a US$9.5 million farm-in agreement with a Finnish subsidiary of Australia-based S2 Resources (ASX: S2R) to look for gold. The agreement covers…
Nordgold seeks listing in Moscow and London
Russian gold producer Nordgold is planning an initial public offering (IPO) of at least 25% of its existing shares in London, with a secondary listing in Moscow, as it seeks…
DRC concentrate export ban may tighten global copper, cobalt supply
The Democratic Republic of Congo has reinstated an export ban on copper and cobalt concentrates, but will allow mining companies that hold waivers to continue with shipments. The DRC, the…
Glencore leads miners group in cobalt blockchain pilot
Mining and commodities trader Glencore (LSE: GLEN) has joined forces with battery material supplier Umicore and other major miners to trace the cobalt they produce using blockchain technology. The group,…
Chinese EV makers may be looking at western markets, CRU report says
China, the country leading global sales of new energy vehicles (NEVs), not only will maintain its market position accounting for half of all expected global NEV during the next decade,…
Portugal may delay auction for lithium licenses to 2022
Portugal’s long-awaited auction of licenses to explore for lithium may have to wait until next year as the country faces some hurdles implementing a new mining law that grants municipalities…
Black Iron negotiates offtake and financing with Cargill
Black Iron (TSX: BKI; US-OTC: BKIRF) will grant Cargill offtake rights for an initial ten years on the first four million tonnes of annual production from its Shymanivske iron ore…
Commodities that will rule the green, digital transition
A new report by Fitch Solutions forecasts that some ‘conventional’ commodities will receive an added boost in the next 20 years as they take a central stage in the green…
Metals price rally could hamper switch to green energy — IEA
Soaring metals prices may be good for miners, but they risk the ongoing transition to clean energy as batteries, solar panels and wind turbines need considerable amounts of copper, nickel,…
US markets mixed, April 26-30
The Dow Jones Industrial Average slipped 0.50% to finish the week at 33,874.85 and the S&P 500 rose 0.02% to 4,181.17. Spot gold declined by US$7.80 per oz., or 0.44%,…
Deep-sea mining tests resume as lost robot rescued
Belgium’s Global Sea Mineral Resources (GSR) has resumed tests that could lead to the mining of battery minerals from the Pacific Ocean floor after it managed to recover a robot…