Cameco nears deal to supply nuclear fuel to Ukraine’s Energoatom
Cameco would supply natural uranium hexafluoride to the Ukrainian company between 2024 and 2035.
Serengeti brings Freeport onboard to hunt copper-gold near Mt. Milligan
Small B.C.-based junior Serengeti Resources (TSX-V: SIR) signed on a sizeable partner to explore territory thick in prospective copper-gold porphyries. Mining giant Freeport McMoRan Copper & Gold (NYSE: FCX) inked an exploration agreement with Serengeti Resources that could see a 51-49-percent joint venture in Freeport’s favour formed on Serengeti’s Choo and Tchentlo properties, not far from Thompson Creek Metals’ Mt. Milligan copper-gold project.
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Central bank demand for gold totalled 1,136 tonnes valued at some $70 billion in 2022.
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General Motors competes for stake in Vale’s base metals unit
Automakers have been stepping up efforts to lock in supplies of nickel and copper.