De Beers cuts diamond prices, axes 25 elite buyers
Giant diamond miner De Beers has made sweeping cuts to its official prices at its first sale since culling nearly a third of its handpicked buyers, a strategy aimed at…
Europe
Creating mining districts could unlock billions: study
Mining companies could unlock billions in additional value by treating nearby operations as integrated mining districts rather than standalone assets, according to a study by GEM Mining Consulting. The firm’s…
Aussie explorer mulls lawsuit after Greenland nixes rare earths exploration licence
Energy Transition Minerals (ASX: ETM) is considering legal action against the Greenland government after it rejected the company’s application to extend its exploration licence at the Kuannersuit project, which hosts…
Sweden grants 25-year rare earths concession
The Swedish government has granted Leading Edge Materials (TSXV: LEM) a 25-year mining lease for one of Europe’s leading heavy rare earths projects after the company addressed environmental concerns and…
Deutsche Bank cuts gold price target by 22%
Deutsche Bank has become the latest major institution to revise down its near-term target for gold prices amid concerns over inflation and high interest rates. In a note published Tuesday,…
Allseas ocean bottom mining contract violates UN law, Greenpeace-backed prof says
Plans by Swiss-Dutch offshore energy giant Allseas to operate deep-sea mining machinery for The Metals Company (Nasdaq: TMC) have “directly violated” the UN’s Law of the Sea, a legal analysis…
Podcast: Gold bull market still intact, ft CPM Group’s Jeffrey Christian
This week’s episode features CPM Group Managing Partner Jeffrey Christian in conversation with host Adrian Pocobelli. Christian discusses the outlook for gold, currencies, and energy markets, explaining why he says…
Canada offers Italy priority access to critical minerals
Prime Minister Mark Carney has offered Italy priority access to Canada’s critical mineral reserves as the two countries expanded cooperation on supply chains, defence and energy during talks at the…
Switzerland loses its shine as central bank gold vault
While central banks worldwide continue to buy more gold, they’re increasingly not selling dollars to do it while cutting the amount they store in once-favoured Switzerland. After banks were net…
The metals AI data centres need most aren’t inside them
The power grid, not the server room, is where the global data centre boom is driving metals demand, according to Wood Mackenzie. Grid reinforcement, transmission networks and on-site power systems…
Barclays still bullish on gold price, sees drop as ‘reset’
Gold’s recent selloff should be attributed to a confluence of market forces rather than a single factor that led to a deterioration in its fundamentals, according to those at Barclays….
Poland bets on copper boom as Lumina eyes new mines
Poland could more than double its copper production through planned mines by Canada’s Lumina Metals (TSX: LMCU), bolstering the country’s ambitions to become a leading supplier of a metal critical…