December 10, 2024

US offers six companies contracts to make uranium fuel for nuclear plants

The US is investigating uranium imports to see if China is helping Russia circumvent the ban.

December 10, 2024

Biden plans to finally kill Nippon Steel bid for US Steel

Nippon Steel and US Steel are poised to pursue litigation over the process if Biden decides to block the merger, Bloomberg sources say.

December 10, 2024

Newmont cuts two dozen middle manager jobs in corporate overhaul

The cuts are in addition to the previously reported reduction of at least 10 senior managers and an executive.

December 10, 2024

US DOE to invest $17 million in critical minerals technology projects

The projects, which span 11 states, are designed to strengthen and streamline the manufacturing of high-impact components and technologies.

December 10, 2024

Gold price could extend record run into 2025, Heraeus says

Heraeus expects gold prices to range from $2,450 to $2,950 per ounce in 2025.

December 9, 2024

Nippon Steel makes final push to win over US workers

Nippon clarified its spending plans at US mills owned by United States Steel Corp. as part of last-ditch efforts.

December 9, 2024

Newmont cuts management jobs in major corporate restructuring

The world’s top gold mining company initiated plans to dismiss one executive and at least 10 senior managers, Bloomberg sources said.

December 9, 2024

Namib Minerals set for Nasdaq debut following $500m SPAC deal

The proposed business combination, which implies a pro forma combined enterprise value of $609 million, represents the largest African de-SPAC deal to date.

December 9, 2024

Gold price hits 2-week high on renewed China purchases, Syria regime collapse

The People’s Bank of China – a major buyer of the metal – announced that it has resumed purchases after a six-month hiatus.

December 9, 2024

Brazilian Nickel advances project financing with LOI for $550m

The funding represents 40% of the Piauí nickel project’s overall financing package.