February 10, 2023

Mining loans seen passing $1 billion at biggest Congo bank

Rawbank forecast its lending to DRC’s mining industry will jump more than 20% to over $1 billion this year.

February 10, 2023

Panama says negotiations with First Quantum making headway

The main bone of contention centres on taxes and royalties the Canadian miner should pay to the government.

February 10, 2023

Torex Gold to spend up to $440 million on Media Luna project

The Mexican gold project was 15% complete by the end of 2022 and commercial production is anticipated in late 2024.

February 9, 2023

MMG secures supplies to continue copper production at reduced rate in Peru

At normal times, the Las Bambas mine accounts for some 2% of the global supply.

February 9, 2023

Russian metal makes up 42% of LME warehouses’ stocks – report

Last year, the LME decided not to ban Russian metal from being traded and stored in its system.

February 9, 2023

Barrick’s gold reserves grow to 78 million oz. in 2022

Barrick’s profile as a copper producer is also growing.

February 9, 2023

Redwood Materials wins $2bn DOE loan for EV materials plant

The funds will be used to build out a $3.5 billion recycling and re-manufacturing complex in Nevada.

February 9, 2023

CHART: Copper exploration budgets jump, but major discoveries elusive

The increase in global copper resources is mostly from 1990s discoveries and the last decade of exploration has been particularly unrewarding, says new report.

February 9, 2023

Copper price extends gains on hopes for less aggressive interest rate increases

Meanwhile, New York Federal Reserve President said that monetary policy will need to be restrictive of growth for a few years.

February 9, 2023

Hindalco posts 63% slump in Q3 profit, sees “much better” Q4

Profit more than halved at Hindalco's aluminum upstream segment, which includes bauxite and coal.