Gold price hits two-month high as momentum builds for Fed rate cut
Gold is now about $60 off the record high set in December 2023.
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Delta drills high-grade gold near Thunder Bay
One drill hole cut 10 metres grading 15.94 grams gold per tonne from 113 metres depth.
Debswana diamond sales down 25.1% in 2023 on weak demand
Debswana sold diamonds worth $3.44 billion in 2023 from $4.59 billion registered in 2022.
New US sanctions more likely to curb Indian imports of Russian coal, traders say
The sanctions could benefit other coal suppliers such as Indonesia, Australia and South Africa.
Northam CEO says South African platinum miners facing worst crisis in decades
Platinum prices fell due to weaker growth in China and destocking by manufacturers post-Russia-Ukraine invasion.
Codelco says 85% of energy supply will be renewable by 2026
The miner has secured three 15-year contracts that will guarantee 1.8 terawatt hours per year.
BlackRock reduces stake in Polymetal International
The US investment firm has reduced its stake in the gold miner to 7.45% from 9.91%.
Mining People: Advanced Gold, Core Nickel, Japan Gold, North Arrow
Key moves in the mining sector.
Well-connected streams more effective at reducing presence of toxic metals from upstream mining – study
Streams with ample connections to shallow groundwater flow paths are better at detoxifying specific forms of aluminum, cadmium, arsenic and zinc.
