Boliden to restart Europe’s largest zinc mine
Swedish miner Boliden (STO: BOL) plans to resume production at its Tara zinc mine in northeast Ireland after reaching an agreement with unions to lower costs, which will cut of…
Europe
Aluminum: the copper grid alternative
From the humble drink can to the airframe of an F-16 fighter jet, aluminum’s role in the global economy is diverse and critical. Like copper, aluminum is used in established…
Dundee Precious Metals rushes Serbian gold discovery to high-margin PEA
Dundee Precious Metals (TSX: DPM) assembled a study backing development for its Čoka Rakita gold discovery in Serbia in 18 months. With an initial investment of US$381 million and at…
Savannah converts to indicated most of Barroso lithium project resource in Portugal
Savannah Resources (AIM: SAV) has announced a significant resource upgrade for the Barroso lithium project in Portugal, with 93% of resources now in the indicated category. The update is a…
Cornish Metals’ UK tin project worth over US$200M, new study says
A preliminary economic assessment (PEA) for Cornish Metals‘ (LSE: CUSN; TSX-V: CUSN) South Crofty tin project in England gives it a post-tax net present value (NPV) of US$201 million at…
Bullion demand rises on central banks, East-West investor flip-flop, gold council says
Gold demand increased 3% during the first quarter because of buying by central banks, Asian investors and jewellers, the World Gold Council says in a new report. Purchases rose to…
BHP offers to buy Anglo American for US$39B
BHP (LSE: BHP; NYSE: BHP; ASX: BHP) has made a tentative all-share offer valued at £31.1 billion (US$38.8 billion) to take over Anglo American (LSE: AAL) and become the world’s…
Miners struggle to finance projects even amid surging battery metal demand, IEA says in forecast
EVs could reach 17 million in 2024, accounting for more than one in five cars sold worldwide, according to the International Energy Agency.
Hochschild meets output targets, dividends uncertain
Hochschild Mining (LSE: HOC) said on Wednesday it’s on track to achieve its production targets for 2024 after an increase in gold output boosted its overall first-quarter production. The U.K.-based…
Anglo American bullish on copper outlook, cuts diamond targets
Anglo American (LSE: AAL) reported an 11% increase in its copper output for the first three months of the year, but cut its 2024 production guidance for diamonds, as its…
Rio Tinto, Eramet submit plans to develop lithium extraction tech in Chile
Miners Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) and Eramet, along with battery maker LG Energy, are among 30 companies from 12 countries that have presented plans to develop…
Adriatic Metals takes over as operator of Bosnian silver mine
Adriatic Metals (LSE: ADT1; ASX: ADT) is taking over as the operator of the Rupice deposit development, which is part of the company’s Vares silver mine in central Bosnia. Local…