Zimbabwe licenses second gold refinery to handle rising output
The refinery, to be located in the country’s second-biggest city Bulawayo, is due to be commissioned next year.
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Iron ore price sinks back below $100 as abundant supplies hurt outlook
The steel-making staple has dropped by about 6% this year following a run of five weekly declines.
G7 aims to see China supply no more than 60% of rare earths
G7 nations aim to limit any country to 60% of rare earth imports by 2030 to reduce reliance on China.
Glencore, Trafigura to invest in Merdeka’s Hong Kong listing
The Jakarta-listed company is aiming to raise upwards of $300 million.
Former De Beers CEO said to lead race for diamond giant
There are at least three private groups still interested in buying De Beers, one of which is led by its former boss Gareth Penny.
Lobito railway receives first Congo shipment after flood repairs
The link between the port of Lobito and Huambo closed for about two months because of severe flooding
Gold price holds gain as Trump touts reopening of Hormuz this week
President Donald Trump claimed on Monday that ships, “many loaded up with oil,” are already moving through the strait.
Venezuelan crime boss’s demise creates opening for mining boost
The joint strike on Guerrero’s base occurred in a remote region that is the heart of a promising gold mining area.
Aluminum price slumps as Iran peace deal softens blow of supply crisis
The Iran war caused steep supply losses as Middle Eastern aluminum smelters were targeted in missile attacks.
London gold market weighs earlier auction to suit Asian traders
The potential shift would be “to reflect and to allow price discovery within the Asian time frame,” the LBMA's CEO said.
Singapore to launch gold clearing with JPMorgan, other banks
Singapore’s latest move intensifies competition with Hong Kong to become a major regional hub for trading gold.
Coal clash pits billionaire against Canadian country music star
Corb Lund has built a coalition of ranchers, fishermen and environmentalists to stop the Grassy Mountain mine project in Alberta.
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