Gold price plummets more than $100 on US-China trade truce
Ahead of Monday’s selloff, investors had been scaling back exposure to gold.
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Pan American strikes $2.1B deal to buy MAG Silver
Pan American’s offer represents a 21% premium over MAG’s closing price in New York Friday.
Cobalt Holdings plans London’s biggest mining IPO since 2022
Cobalt Holding is seeking $230M from its IPO, potentially the largest in the sector since Ithaca Energy Plc raised around $300M in late 2022.
China may expedite US rare earth permit approvals after trade truce: Reuters
Despite the de-escalation of trade tensions, China is unlikely to remove the export controls completely.
China’s record copper ore imports offer relief amid shortage
Chinese copper concentrate imports climbed to nearly 3 million tons last month.
South32 appoints Anglo American executive Matthew Daley as CEO
Daley will join as deputy chief executive officer early next year.
Zijin Mining said to pick banks for gold unit’s Hong Kong listing
State-run company said in April it planned to apply for the spinoff and Hong Kong listing.
Sierra Leone’s largest diamond miner shuts down, laying off more than 1,000 workers
Koidu Limited has halted operations and laid off nearly its entire local workforce.
Rio Tinto to ship Simandou ore in November
Rio Tinto also announced the $399 million sale of a 30% stake in Winu copper-gold project to Sumitomo Metals.
