Mining

AngloGold Ashanti’s (JSE: ANG) (NYSE: AU) (ASX: AGG) proposed $2.5 billion takeover of Centamin (LON: CEY) has moved a step closer to be a done deal, following the target company’s shareholders approval. Centamin noted that the necessary majority of its shareholders, equivalent to more than 75% of the voting rights, backed the deal at a court and general meeting held on Monday. …

AngloGold to close $2.5 billion Centamin buy in November Read More »

Russia’s Nornickel, the world’s largest producer of palladium and a major producer of refined nickel, has raised its 2024 production guidance for all metals. The company said on Monday that its full-year nickel production forecast was now at 196,000-204,000 metric tons, up from 184,000-194,000 tons previously. The new target was still below the 209,000 tons …

Nornickel raises 2024 production guidance for all metals Read More »

Anna Golubova Gold prices soared to eight-month highs as investors fled to the safe-haven metal on economic growth concerns and rising Russia-Ukraine tensions. Analysts see more upside for gold, pointing to $1,903-$1,923 as the critical resistance range. “There is a lot of different angles to look at gold right now – from the macro, geopolitical, …

Gold price hits $1,900 on mounting Russia-Ukraine tensions and recession fears Read More »

NDP asked commissioner Mario Dion to probe possible conflict of interest Peter Zimonjic · CBC News · Posted: Jan 17, 2022 7:47 PM ET  Federal Ethics Commissioner Mario Dion’s office says he will not be investigating Canada’s former ambassador to China for accepting a job with mining giant Rio Tinto, which has extensive business dealings in China. “I can …

Ethics commissioner will not investigate former envoy to China for taking mining job Read More »

14TH JANUARY 2022 BY: REUTERS CALGARY – Canada, the world’s fourth-largest oil producer, can be a key global supplier for years to come providing it sticks to promises to sharply cut emissions, the International Energy Agency (IEA) said on Thursday. In its first review of Canada’s energy policies since 2015, the IEA said the country’s role as a major producer, …

IEA says Canada can be key global oil supplier if emissions promises kept Read More »

By Aditya Raghunath (Fri, October 22, 2021) Bitcoin reached a record high on Wednesday which resulted in a spectacular rally in cryptocurrency mining stocks, such as Hut 8 Mining (HUT – Get Rating) and Marathon Digital (MARA – Get Rating). That’s because stock prices of crypto mining stocks are closely related to the digital asset they mine. Since the start of 2020, …

Hut 8 Mining vs. Marathon Digital: Which Crypto Mining Stock Is a Better Buy? Read More »

By william White (Fri, October 15, 2021) NASDAQ:LMFA) stock is rising higher on Friday despite a lack of news concerning the company.© Provided by InvestorPlace a crypto mining rig representing LMFA stock. Meme traders love LMFA stock and their influence is likely helping shares rise higher today. The stock is seeing heavy trading with some 54 …

Why Meme Stock and Bitcoin Mining Play LM Funding America (LMFA) Is Flying Today Read More »

By Aaron Ross and Helen Reid (Fri, October 08, 2021) Democratic Republic of Congo should renegotiate its $6 billion infrastructure-for-minerals deal with Chinese investors, according to the draft of a report commissioned by a global anti-corruption body of governments, companies and activists. The draft, seen by Reuters, describes the deal that was first signed in 2008 as “unconscionable” …

Congo’s $6 bln China mining deal ‘unconscionable’, says draft report Read More »