Glencore, Rusal extend aluminum supply contract into 2025
Glencore is legally bound to continue the contract because Rusal has not been directly targeted by Western sanctions.
Latest Stories
Faraday Copper rallies on $15 million bought deal to advance Arizona project
Its Copper Creek project in Arizona is labelled as one of the largest undeveloped copper projects in the US.
Lawyers representing Congo claim to have new evidence on Apple’s use of conflict minerals
Apple has said in the past that it does not directly buy, procure or source primary minerals, and it has been auditing its suppliers for several years.
Iamgold arranges $300 million financing to restore stake in Côté mine
Iamgold will look to buy back a 9.7% interest in Côté from Sumitomo.
Mexican president rules out expropriating Vulcan’s mine but maintains land closure
Lopez Obrador has accused the company, which extracts limestone in southern part of the country, of environmental damage.
Fortescue excluded from world’s biggest hydropower plant development
The Grand Inga has long faced headwinds because of Congo’s history of corruption and the expected cost of the multiphase project.
Zimbabwe’s central bank gold reserves to back ZiG currency rise
The ZiG, short for Zimbabwe Gold, launched April 5 is backed by 2.5 tons of gold and $100 million in foreign currency reserves.
Kenorland stock surges as Centerra Gold takes 9.9% stake
The company is already working with Centerra on the Hunter project in Quebec.
Harmony Gold reports fatality at South Africa mine
At least 54 workers died in mining-related accidents in South Africa last year.
