Gold’s rapid ascent isn’t over yet, fund managers say In New York’s Comex gold futures market, money managers are placing more bullish bets on gold. Bloomberg News | April 10, 2024 | 3:57 am
Polish government drops coal merger idea, considering mines tie-ups instead The previous government planned to create one large state-owned company that would pool the assets of power plants generating energy from coal. Reuters | April 10, 2024 | 3:46 am
Silvercorp sells stake in Orecorp to Perseus Mining Silvercorp is selling its 15.6% stake in OreCorp to Perseus Mining, which is poised to take control of the Africa-focused explorer by the end of next week. Cecilia Jamasmie | April 10, 2024 | 3:29 am
Brazil Potash gets state license for Autazes project The company intends to invest $2.6 billion to establish the mine. Bruno Venditti | April 9, 2024 | 12:25 pm
Australian magnate Rinehart takes stake in MP Materials MP Materials is the biggest producer of rare earths in the United States. Reuters | April 9, 2024 | 11:57 am
Outflows from gold ETFs slowed in March Global gold ETFs saw outflows of $823 million in March, down from an outflow of $2.9 billion in February. Reuters | April 9, 2024 | 11:05 am
BHP set to dethrone Codelco as world’s biggest copper producer As long as BHP’s giant Escondida mine in Chile continues to step up production, the Australian company will nudge past Codelco this year. Bloomberg News | April 9, 2024 | 10:50 am
Sixty North outlines plans for Mon gold project following last year’s NWT wildfires The former Mon mine produced 15,000 tonnes of ore grading 30 g/t from a folded quartz vein. Staff Writer | April 9, 2024 | 10:45 am
Guinea’s Simandou iron ore project secures $15 billion financing The project is expected to add around 5% to the global seaborne supply when it comes online. Staff Writer | April 9, 2024 | 9:52 am
