US sanctions armed group, Hong Kong firms over Congo mining
The Treasury Department said it was sanctioning the PARECO-FF, which it said controlled mining sites in Rubaya from 2022 to 2024.
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Uzbek gold miner said to eye $20 billion value in dual listing
Navoi Mining & Metallurgical Co. describes itself as the world’s fourth-largest gold miner, making around $4 billion in operating profit last year.
Seabridge drills long copper-gold intervals at Snip North
Snip North is about 30 km by air from KSM, which means it could potentially benefit from that project’s proposed development and infrastructure.
US rare earth magnet startup raises $65M to scale up production
North Carolina-based Vulcan Elements is producing high-performance rare earth magnets at its manufacturing plant in Research Triangle Park.
South Africa, ArcelorMittal locked in talks over key mill’s fate
A decision could emerge in coming days and the mill is hemorrhaging cash, with the entire group being unprofitable.
India proposes minerals exchange to regulate metals trading
The proposed exchange would facilitate trading in minerals and metals under rules framed by the central government.
Albemarle says Chile lithium plant operating normally after incident last week
Chile's mining regulator and labor office had opened an investigation into the La Negra lithium processing plant.
Gold price stays flat following July inflation data
The new inflation reading gives fresh ammunition to those betting that the Fed will resume rate cutting as soon as next month.
Discovery Silver hits new high on first quarterly results as producer
Company posted a net income of $5.5 million, versus a net loss of $5.1 million in the same quarter last year.
