Wesdome discovers new gold zone at Kiena ahead of restart decision
The latest discovery is in the footwall of the higher-grade Kiena Deep A zone.
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Cartier updates Chimo Mine resources, shares up
The site produced approximately 379,000 gold oz between 1964 and 1997.
Post pandemic, financings for gold projects rebound
A review of capital raisings between February 2020 and February 2021 found that of the $2.9 billion raised for gold projects in 41 countries, 75% went to projects in just five countries, Mining Intelligence says.
China mulls selling aluminum from state reserves to cool prices
China is considering selling about 500,000 tonnes of aluminum from state reserves.
Trafigura sees green copper supercycle driving prices to $15,000
The world’s biggest copper trader expects the metal to breach $10,000 a tonne this year, before entering a range of $12,000 to $15,000 a tonne over the coming decade.
GV Gold sets price range for IPO
Shareholders, including US fund BlackRock, aim to raise $450-560 million by selling about 37% of the mid-sized gold miner.
Copper market in 24,000 tonnes surplus in Dec 2020 – ICSG
For the first 12 months of the year, the market was in a 559,000 tonnes deficit compared with a 383,000 tonnes deficit in the same period a year earlier.
Booming demand and shipping costs feed aluminum rally
Soaring shipping costs, booming demand and tight supplies of primary and scrap aluminium are likely to fuel further price rises for the metal.
Singapore probes nickel trading fraud, Envy Global director charged
Ng Yu Zhi, a director of Envy Global Trading Pte Ltd and Envy Asset Management Pte Ltd, was charged with two counts of cheating and two of fraudulent trading.
