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.

September 26, 2023

Czech tycoon backs Coronado’s coal expansion in Australia, US

Coronado has expansion options including developments in Queensland, Australia and at Mon Valley in southwest Pennsylvania.

September 26, 2023

Glencore bought at least 5,000t of Russian copper via Turkey – report

The Financial Times reported the metal was sold by UAE-based entity Haldivor Energy and exported through Turkey to Italy’s Livorno port.

September 26, 2023

Cornish Lithium raises $6.2m to support UK project

Funds were secured through a crowdfunding campaign, the largest of its kind any company has undertaken in the UK this year.

September 25, 2023

European Raw Materials Alliance, Greenland Resources partner on Malmbjerg molybdenum project

Cross-regional mining initiative aims for a secure and sustainable European raw materials value chain.

September 25, 2023

Polymetal CEO: new tax proposals to hit price of Russian assets sale

The micompleted re-domiciling to Kazakhstan from Jersey last month