Gold price sinks to half-year low amid growing recession fears
The dollar surged to its highest in about 20 years as investors, worried about a potential recession, retreated to the haven asset.
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BHP enters commercial agreement to adopt MineHub blockchain platform in operations
"It represents a major milestone — for the industry it demonstrates the viability of a digital industry platform,” says MineHub CEO.
SilverCrest makes first pour at Las Chispas mine in Mexico
The first pour consisted of 312 kg of doré with approximately 9,200 oz. of silver and 100 oz. of gold.
Mkango’s DFS indicates $559m post-tax NPV for Songwe Hill rare earth project
Located 90 km from the commercial centre of Blantyre, the Songwe project is the cornerstone of Mkango’s mine, refine and recycle strategy.
Monarch Mining feeds first ore to Beacon mill in Quebec
In an effort to restart the operation, the company has been mining ore at Beaufor over the past few months.
Copper price lowest since November 2020 on economic slowdown worries
Prices extended decline as aggressive interest rates, a spike in covid-19 cases in China, potential recession, and rising inventories weighed on investor sentiment.
Europe snaps up coal from abroad to fill gap left by Russia
Helping to fill the gap is more coal from the US, Colombia, and Australia.
Congo administrator orders China’s CMOC to stop exports from Tenke cobalt mine
An industry source and a civil society source told Reuters that exports were continuing as normal, despite the order.
Newmont hands $70 million to Peñasquito mine workers
The uncapped profit-sharing bonus of up to 10% supports the continued operation of Peñasquito, Newmont said.