American Pacific shares surge on ‘bonanza’ grabs from expanded Nevada land package
The company will acquire assets from Ubica Gold, gaining 77 claims at Tuscarora.
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Alrosa tests CO2 capture potential by its ore
The initial phase of Alrosa's study showed that kimberlite ore in its tailings could potentially absorb more CO2 than the entire company generates.
Coal funding persists even as climate worry grows
Coal might be the dirtiest word in climate politics in the run up to the United Nations COP26 summit.
Sprott’s new uranium trust sees hedge funds driving metal demand
The Sprott Physical Uranium Trust has itself been on a buying spree, bolstering its stockpile by 45% in four weeks.
BlackRock fund manager cuts almost all gold from portfolio
Expectations that inflation-adjusted yields on US bonds will rise means the metal will no longer function as a hedge against equity markets, Russ Koesterich said.
Gold price drops to lowest in a month after US retail data surprise
Gold shed as much as 3% as an unexpected increase in US retail sales pushed up the dollar.
US miners decry mineral royalty plan floated in Congress
The proposed $3.5 trillion reconciliation spending measure would set an 8% gross royalty on existing mines and 4% on new ones.
Iron ore price dives 7% on China’s lower steel output data
Mining stocks also slid, with BHP down more than 6% from the previous week, Rio Tinto down 5.3%, and Vale down 7%.
Copper price falls as China vows to release more metal reserves
China has released 420,000 tonnes of the metals in three batches so far this year via public auctions at prices “slightly lower than market."
