February 8, 2023

2022 was record year for central bank gold buying, WGC confirms

Central bank demand for gold totalled 1,136 tonnes valued at some $70 billion in 2022.

February 8, 2023

Phasing out coal in some places may increase consumption in others – study

Countries phasing out coal from electricity risk pushing the excess supply into other industries or other countries.

February 8, 2023

The biggest source of cobalt outside Africa is now Indonesia

Production of the battery material in the Southeast Asian country surged past others including Russia and Australia.

February 8, 2023

Sumitomo Metal raises FY profit forecast on higher prices

Company increased its forecasts for full-year net profit and dividend thanks to stronger-than-expected prices of nickel, copper and gold.

February 7, 2023

Anglo CEO warns extreme weather threatens global mine supplies

The mining industry has been struggling to hit production targets, hurt by everything from floods and droughts to creaking infrastructure and political instability.

February 7, 2023

Centerra says Öksüt mine continuing as normal after Turkey-Syria earthquake

Located in the Kayseri province of south-central Türkiye, the Öksüt mine represents Centerra’s third operating mine.

February 6, 2023

India government plans to oppose Vedanta zinc asset sale to unit

The Indian government is planning to oppose Hindustan Zinc’s proposal to buy global zinc assets of Vedanta for $2.98 billion.

February 6, 2023

Like Musk, nickel-rich Indonesia has high electric vehicle ambitions

In just three years, Indonesia has signed more than a dozen deals worth more than $15 billion for battery and EV production.

February 3, 2023

Taseko confirms talks to up stake in Gibraltar copper mine

Confidential discussions with Japan's Sojitz have focused on the potential acquisition of the Japanese's 12.5% stake in the copper mine.

February 2, 2023

Freeport Indonesia’s $3bn copper smelter to be completed by end of 2023

The facility in East Java will have a capacity of 1.7 million tonnes of copper concentrate.