Newmont cuts management jobs in major corporate restructuring
The world’s top gold mining company initiated plans to dismiss one executive and at least 10 senior managers, Bloomberg sources said.
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Namib Minerals set for Nasdaq debut following $500m SPAC deal
The proposed business combination, which implies a pro forma combined enterprise value of $609 million, represents the largest African de-SPAC deal to date.
Torex Gold’s ELG underground mine resumes operations following fatalities
The 24-hour standdown at ELG, according to Torex, would not impact its 2024 production guidance.
Gold price hits 2-week high on renewed China purchases, Syria regime collapse
The People’s Bank of China – a major buyer of the metal – announced that it has resumed purchases after a six-month hiatus.
Brazilian Nickel advances project financing with LOI for $550m
The funding represents 40% of the Piauí nickel project’s overall financing package.
GoviEx initiates arbitration against Niger in uranium permit dispute
With the recent recovery in uranium prices, the Madaouéla project was poised for development, with first production targeted for 2025.
Germany to backstop Savannah’s spodumene lithium project in Portugal
The loan guarantee underscores the sense of urgency in Germany and other members of the EU to develop a domestic lithium supply chain.
Citi chops back copper forecasts as Trump’s trade tariffs loom
The metal is expected to average $8,750 a ton in 2025, down from a prior forecast of $10,250.
Freeport’s copper concentrate exports will only temporarily ease global shortages
A fire at PT Freeport Indonesia's Manyar smelter halted operations in October.
