China’s state-backed iron ore giant says prices are too high Iron ore has reached “unreasonable” levels that are hurting Chinese steel mills, according to China Mineral Resources Group. Bloomberg News | November 7, 2023 | 4:29 pm
USGS provides $2 million to states to identify critical mineral potential in mine waste Earth Mapping Resources Initiative to modernize understanding of geologic framework and improve knowledge of domestic critical mineral resources both in the ground and in mine waste. Staff Writer | November 7, 2023 | 3:22 pm
New Found Gold may explore toll mill option for Queensway project If the company goes ahead with the plan, it will aim to file a preliminary economic assessment by mid-year. Colin McClelland | November 7, 2023 | 1:17 pm
Gold mining ETFs fail to keep pace with benchmark bullion fund The SPDR Gold Shares ETF has rallied 9.82% this year; yet those gains have not been reflected in the share prices of gold miners. Reuters | November 7, 2023 | 11:40 am
RANKED: World’s top 10 graphite projects Graphite grabbed recent news headlines when China announced it will require export permits for some graphite products. MINING.com Editor | November 7, 2023 | 11:03 am
Portugal PM quits over lithium project corruption probe Antonio Costa has resigned amid an investigation into possible crimes of corruption in government involving lithium and hydrogen projects. Bloomberg News | November 7, 2023 | 10:50 am
Peru miners say copper output could climb without impact from protests Victor Gobitz, president of SNMP, said 2024 output could hit 2.7-2.8 million metric tons. Reuters | November 7, 2023 | 10:11 am
Nascent recovery in Chilean copper mining is spluttering October’s export revenue from copper fell 6.7% from September and 8.8% from a year ago. Bloomberg News | November 7, 2023 | 10:05 am
Codelco cuts 2024 copper premium to China, changes contract structure The miner has offered to sell copper at a premium of $89 a metric ton to major Chinese clients for its 2024 contracts, a drop of 36% from this year. Reuters | November 7, 2023 | 9:57 am