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.
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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.
Troilus to acquire UrbanGold in all-share deal, grow Quebec land position
The consideration equates to roughly $19 million on a basic share outstanding basis.
Indonesia eases mining export rules, nickel excluded
Indonesia will now grant miners export permit for unrefined mineral ores, even if construction of their refining facilities is delayed.
Rio Tinto steps up efforts to repair damaged Indigenous ties
The miner will form an Indigenous advisory group to help it better understand issues affecting Indigenous Australians, identify gaps in current protocols and re-establish trust over time.
New technique for rehabilitation of mine rock waste piles may prevent acid drainage
Spanish researchers propose excavating waste piles and sorting the materials found there based on their geochemical properties.
Barrick sees win-win strategy in Golden Sunlight mine closure project
By reprocessing tailings, Barrick Gold will obtain concentrated sulfur for its Nevada Gold Mines and eliminate a source of potential groundwater contamination.
Lucapa Diamond boosts Lulo mine resource by 35%
In-situ alluvial resource at the Angolan mine increased to 135,900 carats at an average diamond price of $1,440/ct.