Iron ore price at 2-week low as traders reassess demand prospects in China
Iron ore and steel prices in China hit multi-month highs in January as markets rallied from early November.
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Freeport Indonesia’s $3bn copper smelter to be completed by end of 2023
The facility in East Java will have a capacity of 1.7 million tonnes of copper concentrate.
Amplats says 2022 refined PGM output fell 25%, 2023 outlook unchanged
The company said refined PGM production from its operations was 3.831,1 million ounces in 2022, down from 5.138,4 million ounces the previous year.
Anglo American quarterly copper output jumps more than 50%
The group reported a 52% surge in quarterly copper output to 244,000 tonnes thanks to the ramp-up of Quellaveco.
Zimbabwe allows miners, exporters to keep more forex from exports
Over the years, the country has struggled to attract significant foreign investment.
LBMA implements optical AI technology to trace gold bars’ provenance
The LBMA has engaged America’s Alitheon to generate a digital fingerprint for gold bars, which allows for irrefutable identification, authentication, and traceability.
Seriti to build South Africa’s largest wind farm to power coal mines
The 155-megawatt, $236 million wind farm will generate about 75% of the electricity Seriti needs to run its coal mines in South Africa.
Sojitz to sell stake in Gibraltar copper mine to Taseko
The Japanese trading house said reasons for offloading its interest in the Canadian mine included unstable operations, declining grades and increased risk of environmental liabilities.
Billionaire eyes investment in Argentina energy or mining
Australian billionaire James Packer explored investment options during a dinner late last year at a race track in Buenos Aires.
