Barrick, Sandvik partner for Porgera surface fleet replacement
The order includes four Sandvik DR410i rotary blasthole drill rigs and three Leopard DI650i down-the-hole drill rigs.
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Burkina Faso grants mining lease to Russia’s Nordgold
The move signals deepening economic ties between Russia and Burkina Faso, as the junta that seized power in 2022 continues its pivot away from traditional Western allies.
CHARTS: Rare earth export restrictions, price spikes and the risks of demand destruction
Prices were initially indifferent when China halted exports to Japan in 2010 but three months later embarked on an upswing that remains unmatched.
Crazy overbought gold
Despite this probable cyclical-bull topping, gold’s relatively-small secular bull remains alive and well.
Gold price falls 2% on signs of trade tensions easing
Bullion is now en route for a 1% weekly drop despite setting a record high above $3,500 three days earlier.
China calls Trump deep-sea mining order unlawful
The order aims to accelerate the mining of critical minerals in both US and international waters, part of a broader strategy to counter China’s dominance.
IEA head calls for critical minerals supply diversification
The IEA has urged nations to focus on policies that promote the diversification of mineral sources and move away from "critical mineral monopolies."
Codelco’s pre-tax profit tumbles on FX effects
The state-owned miner said its own output totaled 296,000 metric tons, up 0.3% from the same period last year.
Chinese copper inventories post record weekly drop
Inventories in Chinese warehouses shrank by 54,858 tons, the most in data going back to 2003.
