US takes aim at financial institutions with new Russia sanctions authority A new executive order gives Washington the ability to ban products originating in Russia but processed in third countries, such as diamonds. Reuters | December 22, 2023 | 9:02 am
Abu Dhabi’s IRH to invest $1.1 billion in Mopani copper mine Zambia had been seeking a new investor for Mopani since it took control of the assets from Glencore in 2021. Bloomberg News | December 22, 2023 | 8:44 am
Japan-US ties stronger than ever, minister says amid US Steel scrutiny Japanese Industry Minister Ken Saito praised his country's ties with the US but declined to comment directly on Nippon Steel's $14.9 billion proposed acquisition of US Steel. Reuters | December 22, 2023 | 8:36 am
Mining People: Bear Creek, Denison, Stratabound, Electric Royalties Key moves in the mining sector. Staff Writer | December 22, 2023 | 8:34 am
Kloeckner to divest business in four European countries German metal trader Kloeckner plans to sell off parts of its European commodity distribution business to Spain's Hierros Anon. Reuters | December 22, 2023 | 8:18 am
Diamond output of sanctions-hit Alrosa down in 2023, stockpiling likely Alrosa said on Friday that its 2023 output fell by 2.8% year on year to 34.6 million carats. Reuters | December 22, 2023 | 8:09 am
Can beaten-up junior miners fight illegal short-selling? CIRO and the Canadian Securities Administrators are forming a working group early in the year to study short selling in Canada. Alisha Hiyate | December 22, 2023 | 7:33 am
Discovery may reduce use of palladium in hydrogen production A recent discovery may increase the eco-friendliness of the energy-making process that involves using Pd in electrolysis. Staff Writer | December 22, 2023 | 6:06 am
Sandfire, Yugunga-Nya sign deal for cultural heritage protection at DeGrussa mine Sandfire said last month it had damaged an artefact scatter at its Monty cooper mine in 2017 and 2018. Reuters | December 21, 2023 | 2:13 pm