Gold

The proposed new Federal Police unit would take a broad view of crimes in the Amazon, where deforestation, illegal mining, and drug trafficking are often interlinked.

The Africa-focused gold major already found 2 million oz. in the past two years.

The company's 2022 program included 70 drill holes and over 23,000 metres of diamond drilling that began in June and finished in October.

The gold market continues to experience tightness due to difficulties expanding existing deposits, and a pronounced lack of large discoveries in recent years.

Ghana, Africa’s second-largest gold producer, last week ordered large mining companies to sell 20% of the metal they refine to the central bank.

Russian billionaire Suleiman Kerimov and his family, which until earlier this year held a majority stake in Polyus, are set to face a fresh probe in France.

Investor focus will be on Fed Chair Jerome Powell’s speech at a Brookings Institution event on Wednesday.

Drill hole JT22-152 returned 120.5 metres at 18.76 g/t gold, 0.55% copper, 3.86% zinc, 0.93% lead and 6 g/t silver (for 22.1 g/t AuEq).

Company is in “full throttle” for new metals and renewable assets as the Indonesian company aims to cut its reliance on coal to half the total income by 2030.