Congo’s Gecamines offers $1 million to block Chinese deal with Chemaf
Chemaf agreed to sell its assets to Chinese defence and industrial giant, China North Industries Corp, or Norinco in June.
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Northvolt CEO steps down after bankruptcy filing
Peter Carlsson, co-founder and leader of Northvolt since 2016, will remain as advisor as he quit a day after the firm filed for bankruptcy.
Earth AI, Legacy Minerals make first greenfield palladium discovery using artificial intelligence
The companies announced the verified discovery of one of the largest palladium mineral systems in Australia.
Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
Ivanhoe’s Kipushi zinc mine in the DRC officially reopens
The restart marked exactly a century since the mine first went into production.
Russia to continue buying diamonds through state fund in 2025
The Russian budget for 2025-2027 has set aside $1.55 billion for the purchase of precious metals and gems.
Troilus Gold brings potential funding from credit agencies to $1.3 billion
The company has signed an additional LOI with Export Development Canada worth $300 million.
Mining People: BESTECH, Osisko Metals, Defense Metals, Soma Gold, TriStar Gold
Key moves in the mining sector.
Osisko Development surges on permitting milestone for Cariboo gold project
The company can now move forward the construction and operation of the underground mine, which is expected to deliver 164,000 oz. of gold production annually.