Ivanhoe Electric says Santa Cruz PFS on track for Q2 2025
The PFS will include a mine plan that will be supported by a new mineral resource and reserve estimate.
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Goldman Sachs cuts Q4 iron ore price forecast by $15/t on supply glut
The bank cited market oversupply even though demand from top consumers in China is stabilizing.
Zimbabwe to tackle gold smuggling by boosting mine surveillance
The country loses $1.5 billion of gold a year to smugglers.
China’s grip on rare earths undercuts projects from US to Japan
A slump in prices since 2022 is undermining the business case for rare earth projects.
LME appoints former banker as chief financial and administrative officer
Robert Arbuthnott served as head of group finance and chief accountant for the Credit Suisse Group for seven years.
Chinese investor steps in to block Paladin’s Fission Uranium buy
CGN Mining Company, a subsidiary of China General Nuclear Power with a 11.26% stake in Fission Uranium, is obstructing the tie-up.
Dearth of quality new gold discoveries to stifle supply — report
S&P also says it expects gold supply to peak in 2026 at 110 million ounces.
Alcoa to sell its 25.1% stake in Ma’aden joint venture for $1.1 billion
After completing the transaction, Alcoa would own approximately 2% of Ma’aden’s current shares outstanding.
China’s August coal output up on more power, chemical demand
July was the hottest month on record for China, and the heat waves continued into August.
