Nevada is the world’s new top mining destination
Nevada replaced iron ore-rich Western Australia as the most attractive mining jurisdiction according to the Fraser Institute.
Europe
Pent-up weddings and stimulus could mean ‘generational consumer boom’ for diamonds
Global diamond production in 2020 fell by more than 20% to about 113 million carats due to planned production declines by the major producers and pandemic-related suspensions and curtailments. The…
Rio Tinto hands out biggest dividend ever; vows to tackle customers’ emissions
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has rewarded investors with the biggest dividend in its 148-year history and laid out plans to tackle the vast carbon footprint of its…
Adriatic takes big strides forward at its brownfield projects in the Balkans
Adriatic Metals (LSE: ADT1; ASX: ADT) has “an interesting few years ahead,” says the company’s managing director and CEO Paul Cronin, as the junior explorer progresses its brownfield projects in Bosnia-Herzegovina…
Eldorado Gold inks revised investment contract with Greece
Eldorado Gold (TSX: ELD; NYSE: EGO) has inked an amended investment agreement with the Greek government covering the miner’s operations in the north of the country. The new contract between Eldorado’s…
Former Anglo American boss Cynthia Carroll joins Glencore’s board
Miner and commodities trader Glencore (LSE: GLEN) has added a third female director to its nine-person board, appointing former Anglo American (LSE: AAL) chief executive Cynthia Carroll to its board….
Global gold output to rise 5.5% in 2021, Global Data reports says
After declining in 2019, global gold production was adversely affected by the Covid-19 pandemic during 2020, while the suspension of expansion works and contractions from mines nearing closure also exacerbated…
Gem Diamonds ends 2020 with a bang as demand improves
Africa-focused Gem Diamonds (LSE: GEMD) ended 2020 in much better shape than many of its peers as it recorded revenue growth driven mostly by a sharp recovery in prices and sales…
Glencore inks “ethical cobalt” deal with Norway’s FREYR
Miner and commodities trader Glencore (LSE: GLEN) has inked a preliminary deal with Norwegian battery producer FREYR to supply 3,700 tonnes of “ethically sourced” cobalt metal cut cathodes. The cobalt,…
European tungsten producer Almonty advances Korean Sangdong project
Almonty Industries (TSX: AII; US-OTC: ALMTF) has two mines in Europe producing tungsten concentrate – the Los Santos mine in western Spain and the Panasqueira mine in Portugal – but…
Rupert Resources reports more assays from Pahtavaara project in Finland
Rupert Resources (TSXV: RUP) reported new results from its 60,000 metre drill program in Finland and noted that the latest holes have increased the maximum intersected vertical depth at its…
Adriatic Metals receives exploitation permit for Veovaca
Adriatic Metals (LSE: ADT1; ASX: ADT) has received an exploitation permit for its Veovaca project near Vares in Bosnia-Herzegovina, 50 km north of the capital, Sarajevo. The permit, issued by the…