Ex-De Beers chief leads bid for diamond giant
Anglo American (LSE: AAL) has selected a consortium led by former De Beers chief executive Gareth Penny as the preferred bidder to acquire its diamond business, according to Botswana’s government….
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Orezone restarts Quebec mine after wildfire pause
Orezone Gold (TSX: ORE) resumed operations at its Casa Berardi gold mine in Quebec on Friday evening after a three-day voluntary suspension prompted by nearby wildfire activity, while maintaining its…
London Gold offers $25M for Bolivia-focused Bocana
Privately held London Gold LLC is moving towards a $25 million (C$35 million) cash and stock deal for Americas-focused explorer Bocana Resources (TSXV: BOCA), which holds the Escala project in…
Rule Symposium Video: Central banks double gold-buying
Central banks are recasting gold as a monetary asset as sanctions, inflation and credit risk push reserve managers away from paper currencies, World Gold Council Senior Market Strategist Joseph Cavatoni…
Awalé gold-copper assays at Odienné point to bigger lode in West Africa
New assay results from Awalé Resources’ (TSXV: ARIC) Newmont- (TSX: NGT; NYSE: NEM) backed gold-copper Odienné project in Côte d’Ivoire show the high-grade core of the BBM target extends under the…
Forrest’s $133M tungsten bet rockets EQR shares
Mining billionaire Andrew Forrest has agreed to buy a 17% stake in EQ Resources (ASX: EQR) from Oaktree Capital Management, sending the Australian tungsten producer’s shares to their biggest gain…
Canada’s first diamond mine to shut down
Canada’s first diamond mine, Ekati in the Northwest Territories, will shut down following a Supreme Court of British Columbia ruling placing it into receivership this week. Arctic Canadian Diamond, a…
Gold demand in China at decade low in June, WGC says
China’s physical gold demand remained near decade lows in June despite falling gold prices, suggesting cheaper valuations have yet to revive the world’s largest gold market. June withdrawals from the…
Acid test: IEA warns copper supply outlook has “worsened considerably”
Copper’s sulphuric acid market has been thrown into chaos by the Middle East conflict and Beijing’s export ban, according to the International Energy Agency, which warns the metal faces “a…
Thunder Gold assays suggest Tower Mountain expansion in Ontario
New drilling by Thunder Gold (TSXV: TGOL; US-OTC: TGOLF) at its Tower Mountain project in Ontario has confirmed the deposit’s main trend continues at depth and remains open for further…
ETM battles Greenland over rare earth ‘expropriation’
Energy Transition Minerals (ASX: ETM) says Greenland has effectively seized one of the world’s largest rare earth deposits outside China by blocking development of the Kvanefjeld project and refusing to…
AI emerges as new driver of rare earth demand: Sprott
Artificial intelligence is emerging as an unexpected new source of demand for rare earth elements, adding to military and clean-energy consumption just as Western governments pour billions of dollars into…