Eskay Mining, P2 Gold agree on merger
The combined company will be managed by the team that discovered and developed the Brucejack mine.
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Mali gold mining revenue fell by 26% in 2023
The decrease in revenue was mainly due to lower taxes, ministry data showed.
Brazilian gold mines linked to illegal use of 185 tonnes of mercury
The highly toxic metal was used to produce 127 tons of gold, reported in areas holding wildcat mining permits.
Palladium not written off the road yet, miners say
Palladium’s shortfall may ease to about 200,000 oz. in 2025 before swinging into a surplus the following year and to as much as 700,000 oz. by 2028, the World Platinum Investment Council said.
Aluminum producer Novelis hits pause on $945 million US IPO
Novelis had planned to sell 45 million shares for $18 to $21 each, and Hindalco would have owned about 92.5% of the company after the IPO.
Gold price up over 1% on Fed rate cut optimism
Traders are currently pricing in about a 59% chance of a Fed rate cut in September, according to CME FedWatch.
MinRes to sell minority stake in Onslow haul road for $864 million
The Onslow iron ore project is a joint venture with giant steelmakers China Baowu, POSCO and Advanced Micro Controls.
China’s unusually large copper stockpiles fuel demand concerns
Stockpiles of the metal held in Shanghai Futures Exchange warehouses ended last week well above 300,000 tonnes.
Traders are desperate for copper deals and miners are cashing in
Recent moves by cash-flush energy traders are raising tensions and sparking a scramble for contracts.
