Silver Lake to invest $24-$31m on Sugar Zone mine in Ontario over next two years
The Sugar Zone underground mine has been in production since 2019 and is one of Ontario’s most recent and highest grade gold mines.
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Zambia’s growth target shaky as copper output drops, prices plunge
Output fell 7.4% to 364,089 tons in the first half of 2022, data from the Zambia Chamber of Mines showed.
BHP to boost nickel exploration spending amid EV boom
e miner said it has the second largest nickel sulphide resource base globally, based on its land holding in the Agnew-Wiluna belt in Western Australia.
Diamond exploration hits a new low — even as rough prices soar
In Canada last year, coal exploration attracted more spending than diamond exploration.
Iron ore price falls as property crisis threatens to drag down steel industry
Almost a third of China’s steel mills could go into bankruptcy in a squeeze that’s likely to last five years, said the chairman of Hebei Jingye Steel Group.
Seabridge Gold PEA outlines standalone underground mine plan at KSM in British Columbia
The PEA outlines primarily an underground block cave mining operation supplemented with a small open pit, and is planned to operate for 39 years with a peak mill feed production of 170,000 t/d.
Ferrexpo’s half-year profit tumbles on higher costs
The Ukraine-focussed miner saw a hit from higher costs and lower production volumes as it grappled with inflationary woes and energy prices.
Analysts slash platinum and palladium forecasts amid global slowdown
Platinum prices have fallen from a 9-month high of $1,179.81/oz in March to around $900.
Global copper and nickel smelting slides in July, satellite data shows
Smelting activity was hit by weakness in China and the biggest mining region South America.
