Maritime’s Hammerdown gold mine set for restart decision The underground mine produced 133,000 oz. from 2000 to 2004. Staff Writer | June 6, 2024 | 11:12 am
Vale invests $340 million in Carajás Railway locomotive fleet improvement project The miner closed a 10-year deal with Wabtec to optimize the maintenance services for its fleet in the Estrada de Ferro Carajás. Staff Writer | June 6, 2024 | 10:50 am
Aluminum market set for wave of scrap as industry decarbonizes Aluminum prices have rallied 11% this year, creating an incentive for recyclers to go out in search of additional sources of scrap. Bloomberg News | June 6, 2024 | 10:40 am
Brazil seeks $20.7 billion from Vale, BHP over 2015 dam collapse The government has also set a 12-year period for the payments to be made. Reuters | June 6, 2024 | 9:39 am
Opening of new mines boosts Ivory Coast 2023 gold output Gold output has been climbing steadily for several years and is expected to reach 56 metric tons this year. Reuters | June 6, 2024 | 9:29 am
Copper’s spike isn’t justified by fundamentals, Trafigura says Trafigura has long been one of the copper market’s most bullish voices. Bloomberg News | June 6, 2024 | 9:25 am
New copper fund revives controversial product Sprott Inc. has launched a $100 million fund that will buy and hold physical copper. Bloomberg News | June 6, 2024 | 9:20 am
Global gold ETFs saw first inflows in a year in May, says WGC Higher gold prices and inflows drove total assets under management up 2% to $234 billion, the highest since April 2022. Reuters | June 6, 2024 | 9:06 am
London gold body reviews purity concerns about Indonesian state miner Investigators said over the period of 2010-2021, former managers at Antam oversaw production of around 109 tons of gold through an alleged illegal practice. Reuters | June 6, 2024 | 8:51 am