China is drilling a 10,000-meter-deep hole into the Earth Drilling for what is set to be China’s deepest ever borehole began in the country’s oil-rich Xinjiang region on Tuesday. Bloomberg News | June 2, 2023 | 12:00 pm
Congo halts ERG’s copper project after waste leakage The suspension is the latest sign of strained relations between copper miners and the Congolese government. Bloomberg News | June 2, 2023 | 11:40 am
Congo-UAE gold export deal raises ‘great concerns’ A 25-year deal published this week by the Congolese government hands a little-known UAE firm exclusive rights to export artisanal gold at preferential rates. Reuters | June 2, 2023 | 10:16 am
GM, POSCO Future M to boost investment at Canada battery materials plant The new investment in their Ultium CAM plant will be used to set up additional facilities for local on-site processing of critical minerals. Reuters | June 2, 2023 | 10:08 am
Copper price rises as China’s factory activity accelerates The Chinese manufacturing activity unexpectedly swung to growth in May. MINING.COM Staff Writer | June 2, 2023 | 9:43 am
St Barbara backs Genesis bid for Leonora despite revised Silver Lake offer Providing Silver Lake with access to due diligence would potentially expose St Barbara to a termination of the binding deal with Genesis, it said. Reuters | June 2, 2023 | 9:33 am
Iron ore price up on China stimulus hopes Market commentators continue to speculate about China rolling out additional stimulus to support its economic recovery. MINING.COM Staff Writer | June 2, 2023 | 9:24 am
Filo Mining upsizes private placement, shares rise The company has decided to increase the placement from C$100 million to C$130 million due to strong demand. Staff Writer | June 2, 2023 | 9:15 am
Column: London Metal Exchange renews stocks transparency drive Restoring trust in exchange stocks reporting is a key step in winning back the broader confidence of the market. Reuters | June 2, 2023 | 8:43 am