Mozambique’s coal mines shed hundreds of workers as prices slump
Coal sales, which are Mozambique’s biggest export, were worth $2 billion last year, according to data from the country’s central bank.
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US eyes post-war joint business with Russia in energy, metals
Joint projects in the Arctic, as well as oil and gas and rare-earth minerals, are among the options being considered under a partnership the US would offer as part of a peace pact.
Vale sees iron ore prices above $85 despite tariff turmoil
One of the world’s top iron ore producers dismissed analysts’ predictions that prices of the steelmaking material will tumble amid a tariff-fueled economic slowdown.
Trump says Ukraine has not signed minerals deal
"It is at least three weeks late. Hopefully, it will be signed IMMEDIATELY", Trump said in a Truth Social post.
Barrick, Sandvik partner for Porgera surface fleet replacement
The order includes four Sandvik DR410i rotary blasthole drill rigs and three Leopard DI650i down-the-hole drill rigs.
Burkina Faso grants mining lease to Russia’s Nordgold
The move signals deepening economic ties between Russia and Burkina Faso, as the junta that seized power in 2022 continues its pivot away from traditional Western allies.
CHARTS: Rare earth export restrictions, price spikes and the risks of demand destruction
Prices were initially indifferent when China halted exports to Japan in 2010 but three months later embarked on an upswing that remains unmatched.
Crazy overbought gold
Despite this probable cyclical-bull topping, gold’s relatively-small secular bull remains alive and well.
Gold price falls 2% on signs of trade tensions easing
Bullion is now en route for a 1% weekly drop despite setting a record high above $3,500 three days earlier.
