Fireweed Metals gets $34 million Lundin-backed financing for Yukon Territory exploration The Macpass project is hailed as one of the world's largest undeveloped zinc resources. Staff Writer | June 7, 2024 | 8:21 am
Zambia sees KoBold spending $2.3 billion on giant copper mine The Bill Gates-backed company aims to produce more than 300,000 metric tons per year at Mingomba. Bloomberg News | June 7, 2024 | 7:50 am
Iron ore extends gain on easing China demand concern, Fed rate cut bets China's iron ore imports in the first five months reached 513.75 million tons, a year-on-year rise of 7%. Reuters | June 7, 2024 | 7:41 am
Sibanye loosens debt covenants to boost cash amid lower prices The miner said on Friday that all of its lenders have agreed to raise the debt threshold on all facilities. Reuters | June 7, 2024 | 7:34 am
China May rare earth exports jump 36% y/y on restocking China accounts for 70% of rare earths mining globally and 90% of refined output. Reuters | June 7, 2024 | 7:28 am
China’s central bank paused gold purchases in May after 18 months of buying The People's Bank of China was the largest official sector buyer of gold in 2023. Reuters | June 7, 2024 | 7:24 am
Society Artisanal, Minespider partner to export conflict-free artisanal gold Society Artisanal has engaged Minespider to track gold from the mines it oversees to its smelting facility. Staff Writer | June 7, 2024 | 6:06 am
Hudbay, unions sign letter of intent for copper project in Arizona The Copper World mine is expected to produce about 92,000 tonnes of the metal a year for the first decade of its anticipated 20-year life. Staff Writer | June 7, 2024 | 5:33 am
Codelco targets 2030 start at Maricunga lithium project Construction at the project, dubbed “Paloma”(dove), is expected to start in early 2027, with Codelco's partner to be announced in early 2025. Cecilia Jamasmie | June 7, 2024 | 3:52 am
