Rio Tinto enters option for ALX’s Falcon project
Rio may acquire up to an 80% interest in the project in northern Saskatchewan by incurring a total of $12 million in exploration expenditures over 6 years.
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Congo grants new export ban waivers for copper, cobalt, tin
Country gave mining companies an indefinite waiver to an export ban on cobalt hydroxide and carbonate, as well as tin, tungsten, and tantalum concentrates.
A Chinese coal miner is getting into solar production
Shanxi Coal is planning a significant investment in the competing business of making high-tech solar power cells.
Bolivia’s largest mine suspends operations again due to pandemic
The San Cristóbal mine had previously suspended operations in March before resuming production in May.
Elon Musk is going to have a hard time finding clean nickel
Recent accidents suggest the industry will struggle to meet Musk’s request for a large quantity of the metal produced in an “environmentally sensitive” way.
Trove of 1,000-year-old gold coins unearthed in Israel
A rare stash of pure gold coins from the Abbasid Caliphate period was uncovered by young volunteers in an archaeological excavation.
Bullion funds strike it rich delivering gold to London vaults
The ETF business has greatly benefited from the 2020 gold fever, with gold holdings now exceeding every central bank except the Federal Reserve.
Glencore makes U-turn to back artisanal mining of cobalt
The company, which has long endorsed the purchase of cobalt from industrial mines, is now backing a new initiative to support informal miners instead.
BHP to fund Canada’s Midland nickel exploration
BHP will fund 100% of Midland's initial search for nickel in Quebec, up to $1.06 million a year.