Barrick boss slams western funds’ shortsightedness, praises Saudi’s PIF Saudi's PIF has been looking to invest in copper projects across the world, as part of its drive towards funding energy transition projects. Staff Writer | August 15, 2023 | 9:50 am
Column: China’s iron ore imports may hold up despite gloomy economy The Chinese central bank cut policy rates on Tuesday, the second reduction in three months. Reuters | August 15, 2023 | 8:32 am
Iron ore price climbs as China’s PBOC cuts rates to support recovery The metal rose after the People’s Bank of China cut the rate on one-year loans by 15 basis points — the most since 2020. Bloomberg News | August 15, 2023 | 8:20 am
Ecuador’s tense vote also threatens to end mining, oil projects Ecuadorians are expected to vote in favor of referendums to order the closing of a major oil field and restrict gold and copper mining. Bloomberg News | August 15, 2023 | 8:10 am
More than 50 firms want in on new lithium-mining model in Chile Bidding for the exploration contracts is scheduled to take place early next year. Bloomberg News | August 15, 2023 | 8:04 am
Weak demand sends near-term LME aluminum discount to highest since 2008 The LME benchmark three-month aluminum contract dropped to its lowest since July 7. Reuters | August 15, 2023 | 7:45 am
Miners face ‘considerable challenges’ meeting demand from US climate law – study Nickel and cobalt supplies are unlikely to satisfy demand, S&P Global said in a report. Reuters | August 15, 2023 | 7:41 am
Myanmar rescuers recover 22 bodies after a deadly landslide The accident occurred on Sunday in Hpakant in Kachin state, where a giant heap of excavated earth and rubble collapsed. Reuters | August 15, 2023 | 7:34 am
Erdene to pour first gold at Mongolia mine in 2025 The Bayan Khundii open-pit gold mine is expected to produce 74,200 ounces of gold annually over its 6.5-year mine life. Cecilia Jamasmie | August 15, 2023 | 7:03 am