Trafigura tells its banks they aren’t exposed to nickel fraud
Trafigura is briefing lenders that none of its banks have direct exposure to the nickel deals linked to systematic fraud.
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Gold ETFs register $1.6bn in outflows during January – report
While the gold price witnessed its strongest January in a decade, gold ETF outflows in Europe and Asia dwarfed positive demand in North America.
US seeks critical mineral pacts with Japan, UK to curb China
The US is looking to create a “critical minerals buyers club” with allies like the EU and Group of Seven.
Mining loans seen passing $1 billion at biggest Congo bank
Rawbank forecast its lending to DRC’s mining industry will jump more than 20% to over $1 billion this year.
Vale Indonesia breaks ground on $2.5 billion ferronickel smelter
The Bahodopi project will produce ferronickel with 73,000-80,000 tonnes of nickel content per year, Vale said.
Discoveries related to uranium oxide may support nuclear nonproliferation
US-based researchers examined four previously understudied phases of uranium oxide.
Panama says negotiations with First Quantum making headway
The main bone of contention centres on taxes and royalties the Canadian miner should pay to the government.
Column: US tariffs on Russian aluminum risk more market fracture
Russian producers of industrial metals have largely evaded the official sanctions net since the invasion of Ukraine.
Torex Gold to spend up to $440 million on Media Luna project
The Mexican gold project was 15% complete by the end of 2022 and commercial production is anticipated in late 2024.