Weir to acquire AI, machine vision leader Motion Metrics
Motion Metrics' Vancouver headquarters will become Weir’s global centre for excellence in AI and machine vision technology.
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Chile cuts forecast for mining investments to $69 billion through 2030
Some 27.8% of the pipeline's value will be focused on state-owned miners Codelco and Enami.
Gold price extends rally to hit 2-month high
The precious metal ended last week about 2% higher after the US Federal Reserve maintained its view inflation was transitory.
Aluminum price steady as China auto sales drop, power crunch eases
Aluminum is heading toward a bear market as China’s efforts to boost power output from fossil fuels set the stage for an easing of industrial curbs.
Polymetal ups capex forecast due to project speed up
Miner has now raised its capex estimate to $610 million in 2022 and $590-million in 2023 compared with a previous forecast of around $500-million in each year.
AngloGold posts 8% rise in cash flows for third quarter
The miner recorded a cash flow of $342 million in the third quarter of 2021, compared to $318 million in the second quarter.
Eramet relaunches lithium project in Argentina with China’s Tsingshan
The agreement with Tsingshan covers the construction of a lithium processing plant from the first quarter of 2022.
Sumitomo doubles annual profit forecast on surging metal prices
Sumitomo has raised its copper price forecast to $9,071 a tonne for the year from its May estimate of $7,800.
Spanish Mountain secures First Nation support for gold project in British Columbia
The miner and Xatśūll First Nation signed an engagement protocol agreement in October.
