Sabina updates feasibility on 15-year ‘world-class’ project in Nunavut
Average production in the first five years is estimated at 287,000 oz gold annually.
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MINING PEOPLE: First Majestic, Generation Mining, Integra, Lundin Mining
Key moves in the mining sector.
EVs are more expensive than traditional cars—but not by much
An analysis from BloombergNEF found that “upfront cost parity” for US electric and internal combustion vehicles will arrive in 2024.
Freeport to expand US copper mines as Biden moves to electrify the nation
Company could soon greenlight expansions at three mines in the US Southwest, adding more than 250 billion pounds of copper each year to US output.
World’s two largest asset managers have invested $170bn in coal
The figure pales in comparison to the $1 trillion in coal investments held by almost 4,500 institutions globally as of January this year.
African Gold SPAC to target ‘well-trodden’ mining countries
“We are the only Africa mining-focused SPAC amongst a sea of SPACs,” said Rob Hersov, the founder and chairman of the company.
Vale set to join peers in doling out more mining windfall
Bloomberg’s Dividend Forecasting team is projecting Vale will increase its payout to 2.697 reais a share from 1.41 reais in September.
Head of Nornickel’s Arctic processing plant placed under house arrest
A section of the plant collapsed on Feb. 20 killing three workers during renovation works.
Gold price extends decline on surging bond yields
Ten-year US Treasury yields climbed to the highest in a year on Thursday, making gold less competitive as it does not bear interest.
