Bank of America forecasts copper price above $10,000, iron ore price below $80 by 2025
While the outlook for iron ore appears grim, BofA remains bullish on copper due to strong structural demand.
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Newmont on track to get at least $2 billion from asset sales, COO says
The sales are part of plan to focus on so-called Tier 1 assets, which can produce at least 500,000 ounces of gold equivalent for 10 years or longer.
Uzbekistan’s NMMC to invest $450 million in renewable energy
In the first half of 2024, the NMMC installed photovoltaic panels across 21 major industrial sites with a total capacity of 5,750 kW.
Magna Mining PEA update hikes return five-fold for Crean Hill nickel project
The PEA gives the underground mine a base case post-tax net present value (at an 8% discount) of C$194.1 million.
Argentina’s economic crisis thwarts bid to go nuclear with lithium bounty
For decades, the nation’s world-renowned atomic researchers have toiled on projects in Buenos Aires and Bariloche in Patagonia.
New Hope eyes growth as it bids for Anglo American coal assets
An acquisition would be a big move from the thermal coal miner into steel-making coal.
Midnight Sun solves Zambian licence error
The disputed Kazhiba licence is one of three target areas on the company’s 506-sq.-km property.
Goldman says gold may dip if Fed opts for quarter-point cut
The precious metal has been one of the strongest performing major commodities this year.
Ma’aden to acquire over 20% stake in Aluminium Bahrain from SABIC
The latest transaction is indicative of Ma’aden’s continued growth and ambitions to grow 10 times by 2040, it said.
