Zambia pursues deals with investors to develop mining permits The nation has an ambitious plan to more than quadruple production by early next decade. Bloomberg News | October 21, 2024 | 6:35 am
Gold price hits fresh record, silver at 12-year high Gold futures may rise to average $3,000 an ounce in the fourth quarter of 2025, analyst said. Bloomberg News | October 21, 2024 | 4:19 am
World’s top ruby mine in Mozambique stormed after ‘fake’ notice About 300 people invaded a pit at the Montepuez ruby mine in northeastern Mozambique on Sunday. Bloomberg News | October 20, 2024 | 4:49 pm
Australia’s MinRes probes payments to tycoon founder Chris Ellison, who has a large stake in the miner, said that the company set up offshore entities more than 20 years ago that supplied Mineral Resources with mining equipment. Bloomberg News | October 20, 2024 | 4:46 pm
Congo’s state miner bids for Trafigura-backed cobalt projects The bid comes amid opposition from the government regarding a sale to China’s Norin Mining. Bloomberg News | October 18, 2024 | 10:06 am
Gold price tops $2,700 for first time to extend record-breaking run Bullion climbed as much as 0.8% to $2,714.10 an ounce, beating the all-time high set in the previous session. Bloomberg News | October 18, 2024 | 8:42 am
Indonesia controls nickel ore supply to balance weak demand Nickel smelters in the country responsible for more than half of world production are enduring a shortage of ore due to government licensing issues. Bloomberg News | October 18, 2024 | 7:53 am
Indonesia looks to next phase for nickel industry as fixer-in-chief bows out The new administration will have to navigate institutional hold-ups, cut red tape and protectionist measures and campaign for continued disclosure. Bloomberg News | October 17, 2024 | 3:29 pm
Indonesia forms $1.2 billion battery venture with China’s CATL The project in Karawang, West Java, aims to scale up battery production to 15 gigawatts a year. Bloomberg News | October 17, 2024 | 12:13 pm
Industrial metals slump as sentiment on China demand worsens Prices have faded as government briefings on the Chinese economic policy fell short of expectations. Bloomberg News | October 17, 2024 | 7:45 am
World’s top two iron ore miners raise output even as China slows Rio’s third-quarter output edged up about 1% from a year earlier, while Brazil’s Vale beat estimates to churn out its highest volume since late-2018. Bloomberg News | October 16, 2024 | 10:20 am
Brazil reviews caves decree in potential boon for mining and energy Vale sees a potential to unlock 1.6 billion tonnes of iron ore reserves if the government tweaks rules around mining in caves. Bloomberg News | October 16, 2024 | 8:12 am
