Hochschild Mining to sell Volcan gold project to Railtown Capital
The deal will be structured as a reverse takeover, with Hochschild set to own about 87% of the combined company.
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Russia’s August mineral extraction tax proceeds set to rise 3.5%
The increase was driven by a $13.8 per metric ton rise in the export duty.
Aris Mining rises on Soto Norte PFS results
The PFS gave the project a 22-year initial mine life with total production of 4.3 million oz. gold.
Gold price sets another record on flight to safety
Spot gold rose to a new high of $3,560.85 an ounce, setting records on back-to-back days.
Copper price retreats from five-month high as traders weigh China outlook
Copper prices pulled back after briefly touching their highest levels since March in London.
Australia backs coal mine extension, stoking climate backlash
Glencore’s Ulan Coal Mines Pty was given the green light to mine an additional 18.8 million tons of coal and operate the mine for two more years.
Iron ore price extends gain as Goldman Sachs lifts Q4 price forecast
Goldman Sachs raised its Q4 price to $90 a ton.
China copper output set for rare September fall as tax change hits scrap supply
September is set to see the first fall in refined copper output since 2016.
Brazil probes Anglo’s $500M nickel sale to China’s MMG
The probe stems from a complaint filed by CoreX Holding, a global industrial group and direct competitor in the region.