‘Paper gold is over’ as BRICS nations build dollar-free payments
Canadian dealmaker Frank Giustra says the age of paper gold is ending as BRICS nations stand up a parallel financial system that routes around the US dollar.
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Indonesia cites lack of forestry permits in land seizures from nickel miners
President Prabowo Subianto said last week that more than 1,000 illegal mining operations were identified.
UBS gold price target raised to $3,800 by year-end
The Swiss bank also revised its estimate for gold exchange-traded fund holdings, projecting levels to exceed 3,900 metric tons by the end of 2025.
Exxon CEO says new form of graphite boosts EV battery life, extends range
The invention is being tested by several EV manufacturers.
China proposes rule changes to ease gold imports and exports
The country plans to expand the use of “multi-use permits,” a faster approval system, by increasing the number of ports that can accept them.
Anglo’s swoop for Teck leaves bigger mining rivals on back foot
The merger has left obvious interlopers such as BHP Group and Rio Tinto with limited room for maneuver as things stand.
Silver price shoots above $42 for fresh 14-year high
Silver has risen by more than 43% this year, even surpassing gold.
Anglo-Teck $53B merger may create larger copper complex than Escondida
The combination of Anglo’s Collahuasi and Teck’s Quebrada Blanca could yield over one million tonnes of copper a year by the early 2030s.
Norway’s sovereign wealth fund excludes Eramet from portfolio on ethics grounds
The fund held a 0.44% stake in Eramet worth $6.8 million as of June 30.