Vale Base Metals appoints mining veteran Shaun Usmar as CEO

Usmar has more than 30 years of industry experience, with his latest role being founder and CEO of Triple Flag Precious Metals.

Cecilia Jamasmie | July 23, 2024 | 3:49 am

US Senators release energy permitting reform bill

Energy Permitting Reform Act of 2024 could speed up approvals of clean-energy, pipeline and electricity transmission projects.

Staff Writer | July 22, 2024 | 4:57 pm

Earth’s largest iron ore deposits are a billion years younger than believed, research reveals

Researchers found the Hamersley deposits in Western Australia formed between 1.4 and 1.1 billion years ago, rather than 2.2 billion years ago as previously estimated.

Staff Writer | July 22, 2024 | 3:58 pm

US says billionaire Gertler’s royalties must go to Congo for sanctions deal

A senior White House adviser said lifting that punishment is necessary to open up the assets to new investments that support US interests.

Bloomberg News | July 22, 2024 | 12:14 pm

Founders Metals surges to new high on Antino drill results

The new results are highlighted by another high-grade interval of 6 metres at 5.31 g/t gold.

Staff Writer | July 22, 2024 | 12:09 pm

Vale to open new copper-nickel mine in Ontario

The Stobie pit is the first phase of Vale's C$945 million plans to revitalize the copper complex in Sudbury.

Staff Writer | July 22, 2024 | 11:18 am

Copper prices, output drive Grupo Mexico profit jump

Copper production during the quarter totaled 270,747 metric tons, up 4.7% from a year earlier.

Reuters | July 22, 2024 | 10:40 am

Anglo American shrinks trading unit as part of major restructuring

The miner also announced internally that it will no longer enter into long-term deals to buy commodities that it doesn’t already produce.

Bloomberg News | July 22, 2024 | 10:37 am

Gold price slips as traders absorb Biden withdrawal from US election

Spot bullion traded just under $2,400 an ounce, erasing earlier gains.

Bloomberg News | July 22, 2024 | 10:30 am

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