Lucara Diamond to replace CEO Eira Thomas She will be replaced by William Lamb, who served as chief executive from May 2011 to February 2018. Staff Writer | August 14, 2023 | 4:02 pm
Free marketeer leading Argentine election seen rocking commodities Javier Milei, a libertarian outsider who’s taken a surprise lead in the race for Argentina’s presidency, would shake up the country’s powerhouse commodity industries like none of his rivals. Bloomberg News | August 14, 2023 | 3:56 pm
New Found Gold explores use of Maritime’s processing facility for early production NFG has signed an MOU for the right to conduct due diligence and exclusivity to negotiate a toll milling agreement at the existing Pine Cove mill. Staff Writer | August 14, 2023 | 2:38 pm
European Green Metals expands land position at Olserum rare earth project in Sweden by ten-fold “Olserum is a scalable high value permanent magnet REE project that we believe has the potential to be Europe’s first REE mine,” EGM CEO says. Staff Writer | August 14, 2023 | 1:55 pm
Asante Gold appoints new CFO David Wiens takes over for Dindiok Chialin, who served as interim CFO since June and remains as deputy chief financial officer. Staff Writer | August 14, 2023 | 1:04 pm
Esmark makes $7.8 billion offer for US Steel Corp On Sunday, US Steel launched a formal review of strategic options after rebuffing a takeover offer from rival Cleveland-Cliffs. Reuters | August 14, 2023 | 12:21 pm
Mexican mining chamber calls for end to strike at Newmont gold mine Mexico's Camimex mining chamber called for authorities to help find a solution to a strike at the major Penasquito gold mine. Reuters | August 14, 2023 | 10:36 am
US Steel soars after it rejects $7.25 billion Cliffs bid Cliffs said it submitted the proposal privately on July 28 and received a rejection letter on Sunday that called the offer “unreasonable.” Bloomberg News | August 14, 2023 | 9:18 am
Deep sea miner The Metals Company stock surges on $27 million capital raise According to TMC, this registered direct offering is on significantly above-market standard terms, and is led by its largest shareholder. Staff Writer | August 14, 2023 | 9:17 am