Bank of England takes deep dive into ‘opaque’ commodities
Big UK banks have up to 50% of their total core capital of gross exposure to commodity producers, suppliers, and traders, and to commodity derivatives.
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Congo administrator orders China’s CMOC to stop exports from Tenke cobalt mine
An industry source and a civil society source told Reuters that exports were continuing as normal, despite the order.
Newmont hands $70 million to Peñasquito mine workers
The uncapped profit-sharing bonus of up to 10% supports the continued operation of Peñasquito, Newmont said.
Earth’s mineral diversity 75% greater than previously thought
Two papers published in American Mineralogist and sponsored in part by NASA help reconstruct the history of life on earth and guide the search for new minerals and ore deposits.
Teck Resources named to the Best 50 Corporate Citizens in Canada
Companies are each evaluated on a set of up to 24 ESG indicators including board diversity, resource efficiency, financial management, and clean revenue.
Russia’s Potanin weighs big metals merger as defence against sanctions
Nornickel-Rusal merger would create national champion and would also help to resist sanctions, Potanin said.
Hecla Mining acquires Alexco Resource
Hecla Mining will buy all shares of Canadian Alexco Resource it doesn't already own, at 47 cents each share.
Australian gold miner Genesis in merger talks with rival St Barbara
A potential combination would give Genesis control of St Barbara's prized Gwalia gold mine in Leonora.
Brazilian Nickel begins production at Piauí nickel-cobalt laterite project
The first nickel hydroxide product was produced from the world’s first stand-alone nickel laterite heap leaching operation.