Barrick Gold, PNG ink new deal to restart Porgera mine Through the New Porgera Progress Agreement all parties have committed to resume operations as soon as possible. Cecilia Jamasmie | March 31, 2023 | 3:43 am
Gold price gains on weaker dollar, with eyes on inflation data Spot gold was up 0.8% at $1,980.46 per ounce by 3:25 p.m. EDT, near a one-week high. Staff Writer | March 30, 2023 | 3:33 pm
Rio Tinto, First Quantum partner to move La Granja copper project in Peru to development First Quantum will acquire a 55% stake in the project for $105 million, making it the majority owner. Staff Writer | March 30, 2023 | 3:11 pm
Fire shuts Peabody coal mine and there’s no estimate for restart The Shoal Creek mine, about 56 kilometers west of Birmingham, is the company’s lone producer of metallurgical coal for export. Bloomberg News | March 30, 2023 | 1:00 pm
EU’s Vestager optimistic for battery minerals deal similar to Japan’s The European Commission Executive Vice President said on Thursday she is optimistic that the trade agreement can soon be reached. Reuters | March 30, 2023 | 12:29 pm
CHART: Demand is soaring, but global mining is not expanding Mining companies have to run just to stand still, but expansion capex in the global mining sector as a percentage of profits has halved in a decade. Frik Els | March 30, 2023 | 10:56 am
LME launches sweeping plan to revive nickel contract The LME plans to work with China's Qianhai Mercantile Exchange (QME) to launch trading in lower nickel grades. Reuters | March 30, 2023 | 10:49 am
Brazil to require electronic tax receipts for buying and selling gold Currently, gold is sold with paper receipts based on the "good faith" of the seller, making it impossible to trace its origin. Bruno Venditti | March 30, 2023 | 10:27 am
Mali to review and renegotiate mining contracts Mali is one of Africa's largest producers of gold, which is its top export. Reuters | March 30, 2023 | 10:04 am