Colombia to create national mining company, 2022 royalties soar The Ministry of Mines and Energy could sign a memorandum of understanding with the SAE as soon as Monday. Reuters | December 7, 2022 | 12:30 pm
Equinox Gold sells $51 million stake in Solaris Resources, stock rises Equinox has seven operating gold mines in the US, Mexico and Brazil and a multi-million ounce growth project in Ontario, Canada. Staff Writer | December 7, 2022 | 12:16 pm
Antofagasta faces charges, fines for environmental breaches in Chile The environmental watchdog said Centinela's use of water was a threat to the Loa frog, which is a critically endangered species. Cecilia Jamasmie | December 7, 2022 | 11:55 am
LME draws takeover interest from rivals after nickel crisis Intercontinental Exchange made an approach to buy the LME earlier this year from owner Hong Kong Exchanges & Clearing, sources say. Bloomberg News | December 7, 2022 | 11:22 am
Gold price hits record in Pakistan as economic woes spur buying frenzy Gold demand in Pakistan jumped 34% to 13 tons between July and September from a year earlier, according to data from the World Gold Council. Bloomberg News | December 7, 2022 | 11:16 am
Vale forsakes volume for value in boost to iron ore’s nascent price recovery The Brazilian mining giant has been slowly ramping back up after losing its mantle as the world’s biggest producer of the steelmaking raw material. Bloomberg News | December 7, 2022 | 11:09 am
Britain approves first new coal mine in decades despite climate targets The Woodhouse Colliery would take two years to build at a cost estimated in 2019 of 165 million pounds. Reuters | December 7, 2022 | 10:30 am
Rio Tinto plays chancy round of Mongolian roulette December 9 is shaping up to be a big day for Rio Tinto chief executive Jakob Stausholm. Reuters | December 7, 2022 | 10:06 am
Banyan Gold to raise $8.5 million for Yukon projects This financing follows up on a C$17 million private placement announced earlier in June. Staff Writer | December 7, 2022 | 9:24 am
