September 29, 2023

Embattled Scotgold puts staff on unpaid leave

The owner of Scotland’s only gold mine is in talks with an administration specialist should it fail to secure funds to continue operating.

September 28, 2023

European insurers are underwriting 30% of US coal, study says

Coal is widely excluded from investment portfolios, and many banks have placed significant restrictions on lending to avoid it.

September 28, 2023

$1bn metals SPAC deal backed by Glencore, automakers collapses

ACG had planned to buy a nickel mine and a copper mine from Appian Capital.

September 28, 2023

Chinese and Russian aluminum groups sign deal to deepen ties

The MoU comes ahead of a visit by President Vladimir Putin to China next month.

September 28, 2023

Canada, France boost critical minerals cooperation

They will work together to secure supplies of critical minerals in both countries and promote investment in the supply chain.

September 28, 2023

Lucara Diamond ends HB Trading sale agreement

The Canadian diamond miner cited a “material breach of financial commitments” by the Belgian manufacturer as the reason for the split.

September 27, 2023

Copper’s contango widest since at least 1994 as inventories rise

The cash contract changed hands at a discount of $70.10 a ton to three-month futures on the LME on Monday.

September 27, 2023

Trafigura gets $500 million to buy Saudi’s non-crude commodities

The three-year deal gives Trafigura a big new chunk of credit tor trading at a time when energy prices are rising again.

September 27, 2023

Europe lines up African minerals pacts to ease reliance on China

The European Union is finalizing partnerships with the DRC and Zambia to boost local industries.

September 27, 2023

Climate targets threatened by lack of mining investment: McKinsey

Report reveals looming shortages of minerals key to the energy transition as low commodity prices cause investors and miners to cut spending.