Torex Gold to spend up to $440 million on Media Luna project
The Mexican gold project was 15% complete by the end of 2022 and commercial production is anticipated in late 2024.
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Usiminas results hurt by $321.3m steelmaking impairment
In 2022, Usiminas sold 8.64 million tonnes of iron ore.
World’s largest zinc smelter sees opportunity in US energy bill
Korea Zinc is seeking to diversify into electric vehicle batteries and renewable energy sources.
MMG secures supplies to continue copper production at reduced rate in Peru
At normal times, the Las Bambas mine accounts for some 2% of the global supply.
US rare earth firm ropes in former top diplomat Pompeo as strategic advisor
Former Secretary of State Mike Pompeo has joined USA Rare Earth as a strategic advisor.
Another year, another major merger (in the works)
The merger between large-scale producers across the globe has become a consistent theme in the
precious metals sector over the past few years.
Russian metal makes up 42% of LME warehouses’ stocks – report
Last year, the LME decided not to ban Russian metal from being traded and stored in its system.
Botswana warns of dangers in dash for African minerals
Botswana is reviewing its mines and minerals legislation to "tighten up" laws on mine rehabilitation.
Canada to not permit sea floor mining without ‘rigorous’ regulations
Any decision on whether to allow seabed mining needed to be "informed by science" and protect ecosystems while also weighing economic and social effects, according to the joint statement.
