December 16, 2020

KORE to spin out BC-focused explorer Karus Gold

As part of this transaction, all of the Karus common shares would be distributed to KORE shareholders on a pro-rata basis to their ownership in the parent company.

December 16, 2020

Iron ore prices on the march again

Futures hit fresh record in China after country's steel industry body in call with Rio TInto says current pricing mechanism "unreasonable."

December 16, 2020

Freeport CEO sees banner years ahead after gains won in ‘battle’

CEO Richard Adkerson expects copper volumes to expand by 20% and gold by 70% next year, with rising outputs lowering costs.

December 16, 2020

LME to forge ahead with plans to support sustainable metal production

The London Metal Exchange will roll-out by mid-2021 a digital register to store carbon related details of aluminum.

December 16, 2020

Equinox to buy Premier Gold in $480 million all-stock deal

The friendly deal hands Equinox Premier's interest in the Hardrock project in Ontario, as well as the Mercedes mine in Mexico and the Hasaga and Rahill-Bonanza properties in Red Lake,…

December 16, 2020

Rio Tinto’s $6.7bn Oyu Tolgoi expansion to begin in 2022

The update on budget and timeline for the expansion didn't provide clarity on the funding and economics surrounding the giant project.

December 15, 2020

Base metals get supercharged thanks to China rebound

Industrial metals are well on their way to being among the top performers of 2020.

December 15, 2020

Freeport lower 2021 copper charges signal sixth drop for benchmark

Spot treatment charges in China are languishing at their lowest level in eight years.

December 15, 2020

De Beers buys time to close diamond deal with Botswana

It has extended a ten-year sales agreement with Botswana by a year due to logistical challenges caused by the coronavirus pandemic

December 15, 2020

Resolute Mining sells Bibiani to Chinese group

China’s Chifeng Jilong Gold will pay Resolute $5 million upfront and the remainder upon completion of the transaction, expected in March 2021.