Zijin Mining seeks $1.5 billion from convertible bonds as gold surges
Company plans to use proceeds to fund capital expenditure related to the construction of the La Arena gold mine project in Peru.
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US to seek rare earth price mechanism during meetings with allies, official says
US Under Secretary of State for Economic Affairs Jacob Helberg said he expects a lot of “momentum and excitement” toward “agreeing on a pricing mechanism.
Chinalco, Rio Tinto buy control of Brazilian aluminum firm CBA for $904 million
Together, the companies will acquire a 68.6% stake or 446.6 million shares of the Brazilian aluminum producer.
Gold refiner stops taking scrap delivery to melt down in US
Metalor Technologies paused accepting new shipments of metal due to an inventory backlog caused by severe US weather.
Chinalco, Rio Tinto close to announcing purchase of Brazil’s CBA
The percentage stake each company will acquire in the Brazilian aluminum producer remains unclear.
McEwen to acquire Golden Lake Exploration, consolidating Gold Bar complex
Golden Lake’s principal asset is its 100%-owned Jewel Ridge projects, adjacent to McEwen’s Windfall and Lookout Mountain discoveries in Nevada.
Vizsla Silver says 10 employees abducted in Sinaloa, Mexico
Armed men entered staff accommodations and forcibly removed the workers, who included engineers, geologists, security personnel and administrative staff.
Cyclic Materials to build $82M rare earth recycling plant in South Carolina
The new site will be capable of processing 2,000 tonnes of magnet material, with a planned expansion to 6,000 tonnes per year.
JPMorgan sees $8,000 gold price by decade end
This scenario could happen if investors increase their allocations into gold from 3% to 4.6% of portfolios, the analysts said.
