Indonesia considers terminating permits for some nickel pig iron production The world's biggest nickel producer is experiencing a rapid depletion of ore after a surge in downstream investment. Reuters | June 11, 2024 | 7:48 am
Iron ore price tumbles to 2-month low on concerns over weakening China demand Iron ore supply has risen while demand has softened and showed little room for improvement, Sinosteel Futures said. Reuters | June 11, 2024 | 7:45 am
New-look Polymetal aims to double gold output with Central Asia M&A The company may also look to enter new markets in Saudi Arabia and Oman. Reuters | June 11, 2024 | 7:40 am
AI helps quickly develop rare earth-free permanent magnet MagNex is a new rare earth-free permanent magnet that can be produced at 20% of the material cost of existing REEs magnets. Staff Writer | June 11, 2024 | 6:06 am
Lawsuit targets Adventus and Salazar’s Ecuador project permit A group of locals has requested a provincial judge to scrap the environmental permit for the miners’ Curipamba-El Domo copper-gold project. Cecilia Jamasmie | June 11, 2024 | 5:24 am
Gemfields picks ex-De Beers boss Bruce Cleaver as new chair Bruce Cleaver, who was at the helm of De Beers for seven years to 2023, takes the position effective July 1. Cecilia Jamasmie | June 11, 2024 | 3:53 am
China’s central bank to return to gold buying as prices ease, analysts say China's central bank added 60,000 troy ounces of gold to its reserves in April. Reuters | June 10, 2024 | 5:21 pm
Fruta del Norte mine adopts Micromine Pitram suite Located in southeast Ecuador, Fruta del Norte is considered one of the highest-grade gold mines currently in production in the world. Staff Writer | June 10, 2024 | 4:48 pm
Rio Tinto to buy Mitsubishi’s near 12% stake in Boyne Smelters In late May, Rio signed a deal to buy Sumitomo Chemical's 2.46% interest in the venture. Reuters | June 10, 2024 | 3:53 pm
