Congo to buy out UAE partner in gold venture as shipments slump The partnership sold 5 tons of hand-mined gold, worth about $300 million, in its first year of operation. Bloomberg News | June 12, 2024 | 10:00 am
Western Australia resolves mining imbroglio threatening licences The government has approved draft legislation that will ensure the security of mining licences and permits in the state, a major producer of iron ore. Bloomberg News | June 12, 2024 | 9:55 am
Ero Copper’s Tucumã project set for production in early Q3 The Tucumã open-pit mine is expected to produce 7,000 to 25,000 tonnes of copper concentrate this year. Staff Writer | June 12, 2024 | 8:14 am
The world needs more batteries — but not this many By 2025, the global battery industry will be able to produce more than five times as many cells as the world will need, BNEF forecasts. Bloomberg News | June 12, 2024 | 7:58 am
Zambia to set up mineral investment and trading unit The country, which produced 698,000 tonnes of copper in 2023, is targeting 3 million tonnes in annual output within the next decade. Reuters | June 12, 2024 | 7:43 am
Tsingshan plans another 50,000t nickel LME listing this year The company already listed nickel cathode from its Dingxing plant on the LME in the second quarter. Reuters | June 12, 2024 | 7:35 am
South Korea, Kazakhstan sign minerals deals as Seoul moves to diversify supply chain Stable supply of critical minerals is considered crucial, as South Korea lacks natural resources. Reuters | June 12, 2024 | 7:30 am
Indonesia nickel firm in talks with Glencore ahead of 2025 listing The company is in talks to secure a stake sale to Glencore ahead of the listing as Ceria sets out to build an $8 billion nickel complex. Reuters | June 12, 2024 | 7:25 am
Gold rush to endure through 2024, though $3,000 mark may prove elusive Spot gold is trading around $2,300 per ounce after hitting a record $2,449.89 on May 20. Reuters | June 12, 2024 | 7:20 am
