Gold price hits record in Pakistan as economic woes spur buying frenzy Gold demand in Pakistan jumped 34% to 13 tons between July and September from a year earlier, according to data from the World Gold Council. Bloomberg News | December 7, 2022 | 11:16 am
Vale forsakes volume for value in boost to iron ore’s nascent price recovery The Brazilian mining giant has been slowly ramping back up after losing its mantle as the world’s biggest producer of the steelmaking raw material. Bloomberg News | December 7, 2022 | 11:09 am
Britain approves first new coal mine in decades despite climate targets The Woodhouse Colliery would take two years to build at a cost estimated in 2019 of 165 million pounds. Reuters | December 7, 2022 | 10:30 am
Rio Tinto plays chancy round of Mongolian roulette December 9 is shaping up to be a big day for Rio Tinto chief executive Jakob Stausholm. Reuters | December 7, 2022 | 10:06 am
Banyan Gold to raise $8.5 million for Yukon projects This financing follows up on a C$17 million private placement announced earlier in June. Staff Writer | December 7, 2022 | 9:24 am
JPMorgan helps MineSense raise $42m to close copper gap Funds raised will help MineSense to speed up the commercial release of a solution that could help close an expected copper deficit. Cecilia Jamasmie | December 7, 2022 | 8:17 am
Nyrstar’s Auby zinc plant on care and maintenance until further notice High power prices have spurred suspensions and cutbacks by smelters throughout Europe. Reuters | December 7, 2022 | 8:11 am
Mongolian PM meets with protesters over millions in missing coal People have been demonstrating since Sunday in the capital Ulaanbaatar to protest reports that 385,000 tons of coal were missing from stockpiles at the border with China. Bloomberg News | December 7, 2022 | 8:06 am
Glencore asks Russian court to halt Sberbank’s 117m euro claim, move hearings to Singapore Russia's largest lender is seeking to recover debt and penalties from Glencore Energy UK Ltd over two agreements. Reuters | December 7, 2022 | 7:59 am
