Gem Diamonds swings to loss amid industry crisis
The miner recorded a $10.7M goodwill impairment as rough diamond prices drop, supply exceeds demand, and lab-grown stones rise.
Cecilia Jamasmie , Editor-in-Chief
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Kodal secures export permit for Mali lithium mine
Permit allows Kodal to export up to 125,000 tonnes of concentrate from its Bougouni lithium mine in southern Mali.
Brazil probes Anglo’s $500M nickel sale to China’s MMG
The probe stems from a complaint filed by CoreX Holding, a global industrial group and direct competitor in the region.
Teck hits pause on growth to fix Chile copper mine
The miner is delaying major growth projects to address issues affecting output at its Quebrada Blanca operation in Chile.
Codelco warns Chile’s copper output may stall at 5.5Mtpa
Codelco is advancing upgrades and ventures, confirming lithium ties with SQM and signing a BHP exploration deal this week.
SolGold shifts to Swiss tax base as it fast-tracks Cascabel
The move consolidates full ownership of Cascabel under one entity, SolGold Finance AG, aligning it with royalty agreements.
Burkina Faso’s nationalization rattles West Africa’s gold sector
Government requested West African Resources to acquire another 35% of its Kiaka gold project, forcing the miner into a trading halt.
Equinox Gold kicks off ore processing at Valentine mine
First gold at Valentine, Atlantic Canada’s largest mine of the precious metal, is expected to be produced in September.
MinRes posts $904 million loss as Ellison exit drags on
Managing director Chris Ellison is set to leave due to transparency issues and misuse of resources, but MinRes struggles to find a successor.
BHP shelved ‘urgent’ Pilbara climate plans: reports
Leaked documents reveal delays in climate projects in Western Australia despite internal warnings about reputational risks.