Lucara Diamond records strong quarter at Karowe mine

A record delivery of lead into LME warehouses in Singapore has underscored the city state’s emergence as a dumping ground for surplus industrial metals.

GCHL started looking at the potential of a Class 1 or higher grade nickel trading platform after the crisis at the London metal Exchange two years ago.

The LMEX Metals Index, which tracks the six main base metals, rose to an eight-month high earlier in March.

Facilities in Baltimore had 756 metric tons of nickel, 150 tons of tin and 50 tons of copper.

Star Diamond now owns 100% of the project in central Saskatchewan.

Commodities have done well in the past five easing cycles, a senior analyst said.

The value of private credit deals in the oil and gas industry topped $9 billion in the 24 months through 2023, up from $450 million arranged in the preceding two years.

This acquisition, says Mako, creates a "clear path to over 100,000 ounces per year of gold production."

Perseus and Silvercorp vied for months to acquire the Africa-focused gold explorer, which owns the Nyanzaga gold project in Tanzania.