Rio Tinto sees stimulus boost in China to drive gradual recovery for iron ore demand
While prices of iron ore closed 2023 about 20% higher, they’ve lost about 8% so far this year.
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First Quantum offers voluntary retirement to over 1,500 Panama mine staff
The company plans to reduce its Panama workforce to below 1,000 workers from about 1,400 workers.
Uranium developer Denison options Saskatchewan lithium brine project
The cash is expected to offer more than enough funding for a field pilot at the Kindersley lithium project.
Eldorado Gold to hold 9.9% of Amex Exploration with share purchase
Amex’s flagship project is the Perron gold property located 110 km north of Rouyn-Noranda, Quebec.
Seabridge boosts Courageous Lake M+I resource to 11 million oz. gold
Courageous Lake now has an after-tax net present value with a 5% discount of $523 million.
Kenorland converts JV interest in Frotet gold project into NSR royalty
This would end the joint venture partnership with Sumitomo Metal Mining established in 2018.
Indonesia approves Freeport’s mining quota for 2024-2026
Indonesia last year changed mining production plans from annual to valid for three years.
China cobalt buyers use global glut to challenge pricing
A rapid expansion of cobalt mining in Democratic Republic of Congo and Indonesia has output racing ahead of demand.
As price parity beckons, substitution from palladium to platinum to wane
The rate at which platinum is displacing palladium in the manufacture of autocatalysts is slowing due to the sister metals approaching price parity.
