Sprott’s ex-CEO snaps up its mining finance unit in buyout deal Peter Grosskopf has acquired the firm’s Canadian investment banking business in a bid to help mining companies make deals. Bloomberg News | May 3, 2023 | 1:45 pm
Liontown bids signal strong outlook for lithium, rival says The intense interest in Liontown is “a really strong point of evidence” about the outlook, says Pilbara Minerals CEO. Bloomberg News | May 3, 2023 | 10:41 am
Barrick CEO says he has ‘no intention’ of pursuing Teck deal “We’re certainly learning from it and watching how that progresses,” said Mark Bristow. Bloomberg News | May 3, 2023 | 8:13 am
Lynas eyes more rare earths capacity if Malaysia plant shuts Miner said it will need to look at ways to address lost capacity should its Malaysian plant be shut indefinitely. Bloomberg News | May 3, 2023 | 8:09 am
Copper mine flashes warning of ‘huge crisis’ for world supply Wood Mackenzie estimates a greener world will be short about six million tonnes of copper by next decade. Bloomberg News | May 3, 2023 | 8:01 am
Russian gold in hands of obscure firms as JPMorgan, HSBC exit Dozens of logistics firms and merchants that are small players in the gold sector have taken over the Russian bullion trade. Bloomberg News | May 2, 2023 | 10:02 am
Glencore deal for Teck would face stringent review, Trudeau says Trudeau promised that, if the government is asked to approve a deal, it will be consistent in applying Canada’s takeover rules “so investors can know what they’re getting into.” Bloomberg News | April 28, 2023 | 12:43 pm
Zimbabwe will issue gold-backed digital tokens from next month The tokens, to be sold through banks in local and foreign currency at a 20% margin above the interbank mid-rate, will be introduced in two phases. Bloomberg News | April 28, 2023 | 10:55 am
Iron ore price set for worst month since October on demand concerns The metal has lost almost 17% in April and briefly dipped below $100 a tonne earlier this week. Bloomberg News | April 28, 2023 | 8:02 am
US-EU critical minerals deal would give EU broader trade relief An accord would essentially allow EU companies to take advantage of some of the benefits in the IRA. Bloomberg News | April 28, 2023 | 7:52 am
One of the world’s lithium leaders looks like a shakier source While it was well-telegraphed, Chile’s new model for lithium still surprised many investors. Bloomberg News | April 28, 2023 | 7:46 am
Robots help ‘smart mines’ drive China’s coal build-out China invested $79 billion in coal production last year, according to the IEA, while the rest of the world combined spent $37 billion. Bloomberg News | April 27, 2023 | 6:06 pm