Zimbabwe may sell 40% stake in a key gold mine to raise capitalZimbabwe’s largest gold producer is negotiating with potential partners to boost production at its Shamva mine.Reuters | July 19, 2024 | 7:58 am
USGS releases first study to assess global earthquake risk to mineral supplies Earthquakes have the potential to substantially affect mining operations, leading…Staff Writer | July 18, 2024 | 4:43 pm
German Chancellor defends planned lithium deal with SerbiaMercedes-Benz and Stellantis are currently in discussions with Serbia’s government…Bloomberg News | July 18, 2024 | 11:56 am
Zambia takes first step to start trader competing with Glencore The cabinet approved the creation of a special purpose vehicle that will invest and trade in Africa’s second-biggest copper producer. Bloomberg News | June 12, 2024 | 3:27 pm
A fifth of copper smelting capacity suspended in May, data shows Global inactivity reached 25.4% on May 8, with seasonal maintenance closures remaining a key feature, Earth-i said. Reuters | June 12, 2024 | 11:28 am
Congo to buy out UAE partner in gold venture as shipments slump The partnership sold 5 tons of hand-mined gold, worth about $300 million, in its first year of operation. Bloomberg News | June 12, 2024 | 10:00 am
Western Australia resolves mining imbroglio threatening licences The government has approved draft legislation that will ensure the security of mining licences and permits in the state, a major producer of iron ore. Bloomberg News | June 12, 2024 | 9:55 am
The world needs more batteries — but not this many By 2025, the global battery industry will be able to produce more than five times as many cells as the world will need, BNEF forecasts. Bloomberg News | June 12, 2024 | 7:58 am
Zambia to set up mineral investment and trading unit The country, which produced 698,000 tonnes of copper in 2023, is targeting 3 million tonnes in annual output within the next decade. Reuters | June 12, 2024 | 7:43 am
Gold rush to endure through 2024, though $3,000 mark may prove elusive Spot gold is trading around $2,300 per ounce after hitting a record $2,449.89 on May 20. Reuters | June 12, 2024 | 7:20 am
Gold rush grips Asia despite near-record prices Retail investors have been pouring money into the safe-haven asset, with the metal finding increased acceptance among younger buyers. Reuters | June 11, 2024 | 4:52 pm
US court receives offers for Citgo’s parent, credit bid submitted The share auction was organized in Delaware to pay creditors including oil producer ConocoPhillips and miners Rusoro, Crystallex and Gold Reserve. Reuters | June 11, 2024 | 4:05 pm