October 11, 2023

World’s top miners need more ambition to meet climate targets

The Institute for Energy Economics and Financial Analysis examined five miners with goals to become carbon neutral by 2050 — and found varying degrees of purpose in meeting that target.

October 10, 2023

Cariboo gold project in British Columbia gets green lighted

The BC government notes that Cariboo was the first project to be approved under the new Environmental Assessment Act, which was updated in 2018.

October 10, 2023

Copper prices pressured by weak demand, sentiment, rising inventories — report

Fitch Solutions is revising down its 2023 average annual copper price forecast as US dollar strength and market fears of another US Fed rate hike places a cap on price…

October 10, 2023

Citi’s mega metals trade shows global markets turning to glut

In the last few months, Citi requested delivery of about 100,000 tons of aluminum and 40,000 tons of zinc — worth over $300 million.

October 10, 2023

Some EU states baulking at streamlined mine permitting, says commissioner

Under the draft CRMA, strategic mine projects would have to get permits within 24 months.

October 10, 2023

Zinc study group now sees market surplus for 2023

Prices for zinc are down 16% so far this year following last year's slump in demand from China.

October 10, 2023

Coal industry faces 1 million job losses from global energy transition – research

Hundreds of labor-intensive mines are expected to close in the coming decades.

October 10, 2023

Zambia to decide on new Mopani Copper Mines investor in October

Mopani bidders are Sibanye, Zijin, and IHC-linked investor, according to Reuters.

October 9, 2023

Chinese copper tycoon goes missing, believed to be detained by police

He Jinbi and his company Maike Metals have been the focus of legal action by creditors.

October 8, 2023

Metal trader misery undercuts supercycle hype as losses pile up

The world’s metal traders are enduring one of their toughest periods in years.