Russian central bank sees no need in raising gold holdings
Western sanctions, imposed shortly after Moscow sent its troops to Ukraine on Feb. 24, froze around half of Russia's gold and forex reserves.
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Congolese NGOs decry mining in main refuge of ‘Africa’s unicorn’
Illegal gold mining is destroying tracts of pristine rainforest in Congo's Okapi Wildlife Reserve, environmental organizations warned on Tuesday.
Probe Metals finds ‘remarkable consistency’ at Val-d’Or gold project’s Monique
Highlights from the results of 45 new holes showed continued strike and depth expansion with significant gold intercepts along the Monique gold zones.
Codelco sets record benchmark copper premium for Europe, sources say
The world's biggest copper miner has agreed a record benchmark premium for European buyers at $234 a tonne for 2023, up 83% from this year.
Gold price pares gains with focus on rates outlook and recession risks
Bullion has had a wild ride this year, tumbling almost 20% since a March peak as the Federal Reserve aggressively tightened monetary policy.
Mayfair Gold expands resources at Fenn-Gib deposit in Ontario
Fenn-Gib now hosts a pit-constrained indicated resource of 118.1 million tonnes at 0.81 g/t for 3.06 million oz. of contained gold, representing a 47% increase over the previous estimate.
Bankers told they can ignore binding fossil-finance restrictions
Efforts to reassure bankers that they can continue to finance oil, gas and even coal, come less than a month before the COP27 climate summit in Egypt.
Sumitomo Metal sees global nickel market staying in deficit next year
The global nickel market is expected to remain in deficit for a third straight year in 2023 on solid demand for battery, chip-making equipment and oil-well tubular.
Denison says Wheeler River test taps low-cost ISR to high-grade Athabasca uranium for first time
Mining and investment companies are jockeying for acquisitions in the nuclear industry and to develop the Athabasca basin, one of the premier uranium zones in North America.