Fortune Bay’s Goldfields project in Saskatchewan jumps in value
At spot gold prices of $3,650 an oz., Goldfields has an after-tax net present value of C$1.25 billion ($906 million).
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Gold price hits another record with Powell speech in focus
Spot gold shot up nearly 1% to set a new all-time high of $3,790.64 per ounce.
Column: Funds bet that nickel price has hit rock bottom
Nickel is in massive oversupply thanks to an Indonesian production boom.
Indonesia suspends 190 mining permits, state media reports
President Prabowo Subianto has vowed to crack down on the illegal exploitation of natural resources, including in the mining sector.
Southern Copper eyes steady production in Peru, bets big on new projects
The miner expects its copper production in Peru to hold steady this year as it invests $800 million in projects.
China copper smelters face pressure on declining acid prices
Prices of sulphuric acid in China have fallen from high levels since September due to weakening demand for fertilizers.
Appian secures $150M for Namibia zinc mine expansion
Debt facility from Standard Bank will cover the remaining construction costs of the Rosh Pinah zinc mine extension.
AI boosts mining trucks efficiency with 55% shorter queues
In uncertain sectors, AI provides a robust, adaptable solution that surpasses traditional truck dispatching methods.
Botswana seeks to secure control of De Beers by October
President Duma Boko said his government is in talks with partners, including Oman’s sovereign wealth fund, to help finance the deal.