Intelligence Top Stories

China’s central bank refrains from gold purchases for a second month

China held 72.80 million troy ounces of gold at the end of June, unchanged from the end of May.

Reuters | July 6, 2024 | 7:43 pm

Canada’s move to protect mining sector shields takeover targets

Teck Resources spent much of last year fending off Glencore’s…

Bloomberg News | July 5, 2024 | 4:00 pm

Beyond 2024, nickel prices to increase steadily to 2028: Fitch

Analyst expects upside risks – including but not limited to…

Staff Writer | July 5, 2024 | 3:10 pm

India boosts gold reserves by most in two years, WGC says

The Reserve Bank of India added more than nine tons…

Bloomberg News | July 5, 2024 | 11:06 am

US miners push Washington to revive long-dormant Bureau of Mines

The push to resuscitate it and add new responsibilities would,…

Reuters | July 5, 2024 | 10:45 am

Record gold and copper prices are also a boon for illegal mining in Peru

Illegal mining had become a “huge challenge” and that the government was working on a bill to create a new framework for small miners.

Bloomberg News | May 22, 2024 | 12:22 pm

Glencore, Rusal extend aluminum supply contract into 2025

Glencore is legally bound to continue the contract because Rusal has not been directly targeted by Western sanctions.

Reuters | May 22, 2024 | 11:15 am

Lawyers representing Congo claim to have new evidence on Apple’s use of conflict minerals

Apple has said in the past that it does not directly buy, procure or source primary minerals, and it has been auditing its suppliers for several years.

Staff Writer | May 22, 2024 | 11:00 am

Zimbabwe’s central bank gold reserves to back ZiG currency rise

The ZiG, short for Zimbabwe Gold, launched April 5 is backed by 2.5 tons of gold and $100 million in foreign currency reserves.

Bloomberg News | May 22, 2024 | 9:06 am

At least two companies seek Norway seabed mining permits

The government aims to issue first licenses in 2025, but companies will require separate approvals to start production.

Reuters | May 22, 2024 | 8:13 am

Copper frenzy draws mining giants to Argentina after Milei’s reforms

Argentina could be a major supplier by 2035.

Bloomberg News | May 22, 2024 | 7:55 am

India’s gold imports seen falling as record price prompts jewellery swaps

India's gold imports in 2024 could fall by nearly a fifth from the previous year.

Reuters | May 22, 2024 | 7:25 am

Anglo American rejects BHP’s third bid, extends deadline

Anglo has left the door open for BHP as it agreed to grant it a one-week extension to table a binding offer.

Cecilia Jamasmie | May 22, 2024 | 7:03 am

Anglo’s second largest investor demands BHP bid revision

Petition by South Africa's Public Investment Corporation (PIC), which owns a roughly 7% stake in Anglo, comes just hours before bid deadline.

Cecilia Jamasmie | May 22, 2024 | 3:33 am

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