Congo launches state-owned cobalt miner
The Democratic Republic of the Congo (DRC) has officially begun operations at Entreprise Générale du Cobalt (EGC), a state-owned company with monopoly rights to the purchase and sale of the…
Europe
Dundee extends Chelopech mine life to 2029
Dundee Precious Metals‘ (TSX: DPM) latest reserve update for its Chelopech gold-copper mine in Bulgaria has increased reserves by 10% and the mine life by two years to 2029. Total…
Kaz Minerals bidders up takeover bid to $5.5 billion
A consortium led by Kaz’s chairman Oleg Novachuk has raised its offer for the miner by 9%.
Alrosa fetches $23.9m in three auctions
The world’s top diamond miner by output held three “special-size diamonds” auctions to celebrate its Jubilee Auction #100.
Top five EV makers responsible for 50% of cobalt deployed in 2020
In 2020, a total of 18,750 tonnes of cobalt were consumed in the batteries of newly-sold passenger EVs globally, an increase of 29% year-over-year, a new report by Adamas Intelligence…
US markets slip, March 15-19
The Dow Jones Industrial Average dropped 0.46% to finish the week at 32,627.97 and the S&P 500 fell 0.77% to 3,913.10. Spot gold fell by US$17 per oz., or 0.98%, to…
The View from England: Copper has been a stand-out price performer during the pandemic, as has cardboard
As tempting as it is to opine about the Duke and Duchess of Sussex, and the Oprah Winfrey soap opera, there are rather more important things going on than the…
Wheaton enjoys record 2020 revenue of $1.1B
Wheaton Precious Metals enjoyed record 2020 revenues of $1.1 billion (all figures are U.S. dollars) with 627,063 oz. gold-equivalent sold. The figure includes sales of 367,419 oz. gold, 22,9 million…
Europe lagging behind in battery metals production – report
According to Aperio Intelligence, Europe’s own supply is unlikely to meet the demand driven by the e-mobility sector by 2025.
Cumbria coal mine on hold after UK Gov’t calls for public inquiry
A public inquiry will be held into plans for the UK’s first deep coal mine in 30 years after government U-turn.
NGOs criticize LBMA’s gold sourcing program
Advocacy groups said the London Bullion Market Association is failing to ensure that only responsibly-sourced, conflict-free gold is traded worldwide.
Resource nationalism surge spells rough times for miners
Resource nationalism has spiked in more than 30 countries over the last year and more than half of those nations are key producers of minerals and hydrocarbons, a new study reveals….