Delayed upgrades prompt Scotgold to cut Q3 production targets
It now expects to produce around 2,000 ounces of gold for the three months to Sep. 30, down from a previous 2,900-3,500 ounces range.
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Gold price rises as Fed rate hike comes in as expected
Gold prices rose after the US Federal Reserve raised interest rates by 75 basis points for a third straight time.
Norway’s Vianode invests $194m in battery materials plant
The plant will be able to produce anode graphite for roughly 20,000 electric vehicles per year by 2024.
Silvercorp updates resources at Ying property, extends mine life to 2037
There is also the potential to continue mining beyond 2037 if the inferred resource can be upgraded, Silvercorp said.
Top gold CEOs say soaring costs will hobble mining industry into 2023
“We’re in a very volatile economic environment at the moment,” Newmont CEO Tom Palmer said in an interview.
Portugal awaits assessment of two lithium mines before launching auction
Portugal is Europe's biggest lithium producer but its miners sell almost exclusively to the ceramics industry.
Iron ore price falls to two-week low on caution ahead of Fed rate action
The Fed is widely expected to hike rates further by 75 basis points later in the day to tackle high inflation.
More than half of US car sales will be electric by 2030
In 2021, electric vehicles accounted for less than 5% of sales in the US, below the global rate of nearly 9%.
Sexual abuse at Australian mines set to be targeted by new rules
Recommendations include implementing a code of practice to improve security for remote workers and funding for legal and advocacy advice.