Turquoise Hill shareholders approve Rio Tinto’s $3.3bn buyout bid
The vote clears the way for Rio Tinto to gain more autonomy over Oyu Tolgoi, which is 66% owned by Turquoise Hill and 34% by the Mongolian government.
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WTO says Trump’s metals tariffs broke rules as US rejects findings
The 25% tariffs on global steel imports and 10% import taxes on global aluminum violated basic WTO rules, a dispute-settlement panel said Friday.
Canada fleshes out details of Critical Minerals Strategy
A significant portion of the total funding - C$1.5 billion – is allocated over seven years for constructing infrastructure for critical minerals projects in remote areas.
Canada places big bets on critical minerals
Remoteness, regulatory sclerosis still pose barriers to mine development in Canada, the federal government says.
Deutsche Bank seeks to re-join key gold trading club in London
Re-joining the LBMA doesn’t signal a change in strategy, but it may help Deutsche Bank expand its precious-metals business.
Endeavour Silver announces 600moz indicated resource for newly acquired Pitarrilla project
Endeavour acquired the Pitarrilla project from SSR Mining in July 2022 for total consideration of $70 million and a 1.25% net smelter returns royalty.
World Gold Council sees positive 2023 outlook for gold amidst global uncertainty
Despite an “unusually high level of uncertainty” surrounding consensus expectations for 2023, on balance, a “mixed set of influences implies a stable but positive performance for gold,” the WGC says.
Japan, Congo agree to cooperate on stable supply of rare metals
Mining companies and governments in Africa are also calling for stronger trade ties with the United States.
Extortion ‘mafia’ hits South Africa’s $55 billion mining sector
“The procurement mafia mobilizes the community for their own devices," said Paul Dunne, chief executive officer of Northam Platinum Holdings