De Beers buys Canada’s Peregrine Diamonds for $81 million
Canadian firm is the sole owner of the Chidliak diamond project in Nunavut.
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Miners wrote off almost one-third of investments over last decade
From the $939bn invested in major projects between 2008 and 2017, the world’s top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay.
London Metal Exchange moves further towards launch of lithium contract
The London Metal Exchange has asked companies that assess prices of battery-grade lithium to submit proposals to supply a reference for the cash-settled contracts it plans to launch next year.
UPDATED: Paulson plans to replace Detour board, explore sale of company
Major is interested in acquiring Detour.
Guinea’s mining minister says there will be Simandou deal, talks go on
Guinea is in constant talks with Rio Tinto and Chinalco to finalise a deal on the Simandou iron ore project, its mining […]
Australia’s Northern Minerals makes first rare earth from pilot plant
Company aims to be the first significant world producer outside of China of dysprosium, used by electric vehicle makers in the manufacturing of engine magnets.
Citi sees ‘copper on steroids’ as Trump slump masks shortage
Copper’s slump amid a deepening global trade conflict offers a long-term buying opportunity, according to Citigroup Inc.
Colibri Resource intersects 61 metres with an average grade of 0.75 grams per tonne gold
The Maritime-based junior is drilling its Pilar Gold Project in Sonora, Mexico.
Trade war spills into uranium as U.S. weighs import tariffs
The Trump administration began an investigation into whether uranium imports threaten national security, a move that may lead to tariffs on the nuclear power plant fuel.
