Nippon Steel still in talks with Teck as it seeks stake in coal asset Nippon Steel said in February it will spend around C$1.15 billion to buy a 10% stake in Elk Valley. Reuters | May 25, 2023 | 10:06 am
Fortuna pours first gold at its Séguéla mine in Côte d’Ivoire The mine is expected to produce between 60,000 to 75,000 ounces of gold in 2023. Staff Writer | May 25, 2023 | 9:45 am
Siemens Gamesa to cut reliance on China for rare earths, permanent magnets Siemens Gamesa last month signed a deal with Australia's Arafura Rare Earths to procure 200 tonnes of materials a year. Reuters | May 25, 2023 | 9:19 am
Botswana president insists on bigger share of diamonds from De Beers venture The country will not back down on demands for a bigger share of rough diamonds from JV with the company, Mokgweetsi Masisi said. Reuters | May 25, 2023 | 9:12 am
From Russia with gold: UAE cashes in as sanctions bite Records show the Gulf state imported 75.7 tonnes of Russian gold worth $4.3 billion - up from just 1.3 tonnes during 2021. Reuters | May 25, 2023 | 8:56 am
Gold price down to 2-month low on US debt talk progress Gold has been trending down this week on robust US economic data. Staff Writer | May 25, 2023 | 8:42 am
BHP confident China property recovery will boost metals demand Weaker-than-expected construction, particularly in the property sector, has pushed iron ore below $100 a tonne. Bloomberg News | May 25, 2023 | 8:26 am
Congo to hike stake in copper, cobalt venture with China The DRC aims to boost its stake in a cobalt and copper joint venture with Chinese firms to 70% from 32%. Reuters | May 25, 2023 | 8:20 am
Wesdome drills new bulk tonnage zone east of Kiena gold mine Surface drilling returned 2.3 g/t gold over a 71-metre core length from the prospective Jacola formation. Staff Writer | May 25, 2023 | 8:10 am