Coal plant development in China offset global retreat
China commissioned 76% of the world’s new coal plants in 2020, up
from 64% in 2019.
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Mason PEA from Hudbay suggests potential to double copper output
With a 27-year life, the project would involve 20 years of mining and seven years of stockpile processing at a 120,000 t/d flotation concentrator.
Iron ore price back above $170 as China steel hits record
Steel prices also jumped to record highs, boosted by concerns over supply curbs.
Gold price on track for highest close in 6 weeks
Economists at Citibank said they expect gold to see further sideways trading between the $1,700-$1,900 range in 2021.
Seabridge strikes gold at Snowstorm project in Nevada, shares up
The 2020 drill program has achieved its goal of finding a gold-bearing system hosted within similar rocks and structural setting as the nearby Turquoise Ridge mine.
Liberty Gold triples TV Tower resource in Turkey
The estimate brings five new deposits at the project in western Turkey into resources.
Steinmetz says probe against Vale “alive, well and kicking”
The billionaire claims Vale is misleading investors by claiming local prosecutors had closed an investigation into alleged illegal practices related to Simandou.
Pure Gold shares up on Red Lake drill results
In the first three months of 2021, Pure Gold processed 47,182 tonnes grading 2.8 g/t gold and generated 4,011 gold oz.
Greenpeace stages Pacific Ocean protest against deep-sea mining
Last week BMW, Volvo Group, Samsung SDI and Google signed on to a World Wildlife Fund call for a moratorium on the practice.
