Pure Gold places Ontario mine on care and maintenance due to cash constraints, stock crashes
The company says the mine has yet to achieve consistent positive site-level cash flows.
Latest Stories
Copper tech firm Jetti raises funds at $2.5 billion value
Jetti tapped existing investors as well as new backers at a valuation that’s about double its last raise.
Analysis: Biden’s EV minerals cash fruitless without permitting reform
President Joe Biden last week doled out $2.8-billion to miners developing new US sources of lithium, nickel, copper, and other EV minerals.
UK prosecutors implicate 11 Glencore employees in bribery probe
The commodity trading industry has been dogged by anti-corruption investigations for years, but few individual traders or executives have faced prosecution.
Newcrest suspends operations at Brucejack mine following “critical incident”
Incident involved an individual belonging to its mining and development contractor in British Columbia.
LME adds artisanal mining to green register, sets 2040 net-zero goal
LMEpassport will now also include standards regarding artisanal mining.
Gemfields resumes Mozambique operations after nearby attack
Company halted operations last week after an attack attributed to insurgents was reported near the Montepuez ruby mine.
Metal-CO2 batteries closer to becoming a thing
There is now an innovative way to overcome the energy efficiency issues that so far have plagued metal-carbon dioxide batteries.
Giant gold mine in South Africa emulates Toyota to boost profit
Gold Fields looked at Toyota’s processes in a bid to turn South Deep into a so-called tier 1 mine.
