Bullion extended last week’s loss after AstraZeneca said its vaccine prevented most people from developing the coronavirus, marking another promising development in the quest to end the pandemic. Meanwhile, US business activity powered ahead in November at the fastest pace since March 2015, IHS Markit figures showed. Gold prices have already posted two straight weekly declines, and holdings in… Read More
As part of the offtake deal with EGC, Trafigura will fund the creation of up to six strictly controlled artisanal mining zones. The company will also install ore purchasing stations in an effort to control the trade and so prevent human rights abuses imputed to the DRC cobalt mining sector. Metal from the sites would also… Read More
“Natural diamonds are usually formed over billions of years, about 150 kilometres deep in the Earth where there are high pressures and temperatures above 1,000 degrees Celsius,” Jodie Bradby, professor at The Australian National University and one of the authors of the study, said in a media statement. “The twist in this story is how… Read More
According to Mexican news, members of the Carrizalillo community said Equinox had failed to comply with about 70% of the clauses set up in the document allowing the Vancouver-based company exploit Los Filos until 2025. Los Filos gold-silver mine has been suspended since Sept. 3 Equinox said last week the blockade had been lifted while “good-faith… Read More
THERE is agreement that battery metals of all stripes will benefit from the adoption of electric vehicles (EVs). According to a report by Morgan Stanley, the EV market will take a 26% slice of the total automotive market by 2030 from 3% today. The question, however, is that given the pace of scientific development, which… Read More
THE winding up of Konkola Copper Mines (KCM) was stayed by a Zambian court on November 20 allowing the company’s shareholders, Vedanta and Zambia’s state-owned ZCCM-Investment Holdings (ZCCM-IH), to proceed to arbitration. The ruling by the Court of Appeal represents a significant win for Vedanta, said Reuters. Vedanta is seeking the removal of the liquidator… Read More
COMMODITIES trading house, Trafigura, has agreed a cobalt off-take agreement with Entreprise Générale du Cobalt (EGC), a Democratic Republic of Congo (DRC) state-owned company. Trafigura said in a statement today it would also finance the creation of artisanal mining zones and install ore purchasing stations in an effort to build in controls to prevent human rights abuses commonly… Read More
THE search for the last of 10 miners trapped at Vedanta Zinc International’s (VZI) Gamsberg zinc mine was continuing and mining activity remained suspended, said Reuters citing VZI in a report over the weekend. “Mining-related activities at Gamsberg Mine remain suspended until further notice,” the company said. It has called in technical experts to conduct… Read More
The minister’s support to the mining sector comes at a time when environmental groups have taken it to the courts to try to stop mining projects In his view, the resilience of the mining sector has also become evident as investments in exploration, technology and human resources remained steady through 2020. Talking at the Ghana… Read More
But that was three years ago. Now, Arcioni seems to be pushing for Pan American Silver’s Navidad project, one of the world’s largest undeveloped silver deposits, located in the north-central part of the province between the towns of Gastre and Gan Gan. “Un NO a la minería rotundo!!!” Esto decía el gobernador de Chubut, Marioni… Read More
In a paper published in the journal Remote Sensing of Environment, the researchers explain that when deep mines are closed, the groundwater that was previously pumped to the surface to make mining safe is allowed to rise again until it is restored to its natural level in a process called rebound. This means that those… Read More
Pfizer Inc. and BioNTech SE said they plan to file for emergency use, allowing for the vaccine which is 95% effective to be used in the U.S. in the next month. Copper, considered an economic barometer, is heading for an eighth straight monthly gain, the longest run in almost a decade, as rebounding growth in China and… Read More
The earn-in agreement gives Barrick the right and option to earn an 80% interest in the Hemlo East property by making an initial payment of C$3 million and spending at least C$5.2 million on exploration. Barrick also has to deliver an NI 43-101 technical report on Hemlo East within three years of of the initial payment.… Read More
[unable to retrieve full-text content] Gold price to hit $2,300 next year on inflation risks; Zinc price soars as Vedanta halts Gamsberg mine after accident; Dominion Diamond Mines to restart EkatiMINING.COM
Mnuchin also said he and White House Chief of Staff Mark Meadows would be speaking on Friday with Republican congressional leaders on negotiations with Congress on more economic support. Spot gold rose 0.4% to $1,873.94 per ounce by 11:30 a.m. in New York. US gold futures were up 0.6% to $1,873.20 per ounce. The surge… Read More
The products have been developed at the company’s Arvida Research and Development Center, located within the Jonquiere complex in Quebec, which is also home to the Arvida smelter. Rio believes it will be able to produce up to 100,000 tonnes of the new alloy series per year across its Canadian sites. “We have developed this… Read More
ESG Investing Makes You “Feel Good”. As Forbes correctly pointed out, there is another motive at play than just chasing big profits… Investing in ESG companies and funds makes you look good. A recent poll found that nearly three-quarters (73%) of people think more positively of billionaires that stop investing in controversial industries. Let’s face… Read More
This comes as good news to Zambia, which skipped a $42.5 million interest payment on part of its international debt last week, becoming Africa’s first bond default during the coronavirus pandemic. President Edgar Lungu’s government, which is battling for re-election next year, has blamed covid-19 for problems managing the country’s $12 billion of debt. While… Read More
GREEN hydrogen technology was the best route to global decarbonisation, said Trevor Raymond, head of research at the World Platinum Investment Council (WPIC) who said the UK government’s plan to accelerate adoption of electric vehicles (EVs) required scrutiny. The UK government this week said it would bring forward by ten years to 2030 a ban… Read More
One of the most widely anticipated sessions was the discussion Northern Miner group publisher Anthony Vaccaro had with David Rosenberg, president, and chief economist and strategist of Rosenberg Research & Associates, an economic consulting firm he set up in January 2020. Between 2002 and 2009, while chief North American economist at Merrill Lynch in New… Read More