Vale Base Metals to make dozens of job cuts in management cull The move marks the first major overhaul since Shaun Usmar joined Vale Base Metals as chief executive officer. Bloomberg News | December 5, 2024 | 3:05 pm
Budget allocated to grassroots exploration at all-time low – S&P Global S&P analyst says explorers are transitioning to a more risk-averse stance, with increased focus on existing mines. Staff Writer | December 5, 2024 | 2:51 pm
Australia grants further $257m for Iluka’s rare earths refinery amid cost blowout Iluka had first committed to building what will be Australia's first fully integrated rare earths refinery in 2022. Reuters | December 5, 2024 | 2:18 pm
Iamgold cuts Westwood reserves by 17% amid mine plan overhaul The new reserve base totals 2.6 million tonnes grading 11.45 grams gold per tonne for to 1.2 million contained oz. Henry Lazenby - The Northern Miner | December 5, 2024 | 1:33 pm
Battery-electric railcar retrofits deployed at Carmeuse’s calcium mine in Michigan Intramotev's aim is that initial applications of its technology will include captive routes between mines and processing facilities. Staff Writer | December 5, 2024 | 1:14 pm
CME to offer 1-oz gold futures to meet surging demand from retail traders There has been a larger trend among retail investors to seek smaller-sized gold products as a way to diversify their portfolios. Bloomberg News | December 5, 2024 | 12:00 pm
LithiumBank’s DLE tests in Alberta produce average grade of 3,100 mg/L The company said the recent desorption tests were consistent with its goals to minimize the flow volume and reagent costs. Staff Writer | December 5, 2024 | 10:10 am
Chile aims to invest $83bn in mining through 2033, newspaper says This does not include a recently announced $14 billion expansion plan by mining giant BHP, the report says. Reuters | December 5, 2024 | 10:07 am
Gold ETFs register first outflow in seven months, says WGC Gold ETFs registered outflows of 28.6 metric tons, or $2.1 billion, in November. Reuters | December 5, 2024 | 9:19 am