Europe’s power crunch cuts zinc and aluminum capacity in half
A further surge in power prices could knock more plants offline over winter, the region’s biggest metal producers warned.
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Gold price steady as traders weigh drops in ETFs, inflation, dollar
The precious metal has hovered in a narrow trading range since late last week as a gauge of the greenback retreated for three straight sessions.
GoldSpot creates EarthLabs to reflect growing exploration expertise
GoldSpot is focused on driving mineral discoveries through artificial intelligence.
Kenorland Minerals options Alaska copper project to Antofagasta
The Chilean miner could own 70% of the Tanacross copper-gold project in Alaska, by spending $30 million on exploration over eight years.
China property stimulus to rescue copper demand, but not yet
Global slowdown is expected to see a slide and trigger a stimulus that could match the 4 trillion yuan package implemented after the 2008 financial crash.
BHP not concerned about China’s plan to centralize iron ore buying
China is planning a state-backed iron ore company to oversee everything from massive mine investments in West Africa to buying the steelmaking material from global suppliers.
PolyMet and Teck form JV to develop Minnesota mining projects
The new company, known as NewRange Copper Nickel LLC, will share costs to develop two proposed copper and nickel mines.
Rio Tinto settles dispute with Australian Tax Office, to pay additional $423m
The dispute arose back in 2015 after Rio and its rival BHP Group were accused of shifting billions of dollars in iron ore profits through marketing hubs in Singapore.
Drought, operational issues bring Antofagasta guidance down
The Chilean miner has lowered its full-year output target from 660,000-690,000 tonnes to 640,000-660,000 tonnes.