CMOC to acquire Lumina Gold in $421M deal
Lumina’s Cangrejos project is considered the largest primary gold deposit in Ecuador.
Latest Stories
China copper output jumps to record despite low smelting fees
Production of refined metal rose 8.6% in March from a year earlier.
Gold ATM draws large crowd in Shanghai amid surging prices
Located in Shanghai's Global Harbor shopping mall, the new machine saw long queues of customers, with appointments booked through the upcoming May holiday.
Is Basel III setting up a new gold-backed monetary system?
The implementation of Basel III across the global banking system has been ongoing since 2019, but the United States has not yet moved to it.
China’s export controls are curbing critical mineral shipments to the world
Exports of antimony and germanium products in the first quarter were down 57% and 39%, respectively, compared to a year earlier.
Chinese rare earth processor Shenghe sees little impact from halt to US feedstock imports
While China dominates the refining of rare earths it imports some concentrate mined elsewhere to feed its processors, including large amounts by MP Materials.
Russia’s VEB to invest $13.4B in copper mine in country’s far east
Once operable, the Baimskaya deposit will boost Russia's copper production by 25% and its gold production by 4%.
RANKED: World’s biggest copper mines
Over the next few years and decades, the biggest copper mines would play a pivotal role in the energy transition.
Analysts see gold at $4,000 as faith in the US dollar tumbles
There could be further gains in the coming months, if analyst expectations come to fruition.
