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GoviEx proactive in its approach to ESG ahead of mining at Muntanga

Published: 02 Dec 24

Canadian mining company GoviEx Uranium states in its latest ‘Sustainability 2024’ report that it is taking a precautionary approach to environment and social risks, devising strategies that effectively mitigate or minimise risks related to environment, social and governance (ESG). As the company develops the Muntanga uranium mine, in Zambia, towards construction within the next one to two years, GoviEx says climate-related risks and opportunities have influenced the company’s strategy and financial planning from the earliest stages of development.

Platinum metals support every step of the green hydrogen fuel cell economy.

Platinum demand outlook lifted higher by series of new global hydrogen fuel cell buildouts

Published: 02 Dec 24

The outlook for platinum group metals (PGM) demand has been uplifted by a series of new developments in the field of platinum-catalysed green hydrogen generation as well as concomitant fuel cell buildouts that are green-hydrogen fed. On top of South Korea setting out to construct the world’s largest hydrogen fuel cell power plant in the coastal city of Gyeongju, Sinopec inaugurating Hong Kong's first public hydrogen refuelling station, and Metrans testing of ...

Iamgold reclaims 70% stake in Côté Gold

Published: 02 Dec 24

Toronto-listed Iamgold on Monday announced that it had exercised its right to repurchase a 9.7% interest in the Côté gold mine from Sumitomo Metal Mining, effectively returning to its full 70% stake in the project in Ontario. The transaction was finalised on November 30.

Aterian reports positive fieldwork results from Morocco project

Published: 02 Dec 24

London-listed Aterian has reported more positive results on the recent fieldwork conducted on its Tata copper project, in the western Anti-Atlas Mountains of Morocco, with additional copper discoveries, chairperson Charles Bray says in an operational update. Copper mineralisation is extended within two mineralised stratigraphic horizons and is visible on the surface.

De Beers capitulates on diamond strategy with big price cuts

Published: 02 Dec 24

De Beers has cut diamond prices by more than 10% across the board as the world’s biggest producer abandons attempts to put a floor under the slumping market. The diamond industry has been struck by one of its deepest and most prolonged slumps in decades. What started as a post-pandemic slowdown has spiraled as inflation hit customer purchases, before a collapse in China’s luxury market further eroded demand. Man-made diamonds have also continued to undermine prices.

Zinc’s wild week may signal volatile era as supplies squeezed

Published: 02 Dec 24

Zinc could see more sharp price swings as growing tightness along the metal’s supply chain leaves buyers exposed to sudden changes in availability. The material used to galvanize steel had a turbulent past week on the London Metal Exchange, finishing nearly 5% higher despite a 2.5% slump on Thursday. The spike was fueled by the withdrawal of huge volumes from LME warehouses, which stoked speculation of a potential squeeze on short-position holders.

Shares in Green Minerals fall 40% after Norway stops deep-sea mining

Published: 02 Dec 24

Shares in Norwegian sea bed mining start-up Green Minerals fell by 40% on Monday after the government scrapped a first licensing round for deep-sea mining in return for support for its annual budget. A small leftwing environmentalist political party in Norway succeeded on Sunday in blocking plans to mine the Arctic sea bed by supporting the minority coalition's budget on the condition that it stopped the licensing round. Green Minerals's shares were trading at 3.88 crowns ($0.3501) at 10:30 GMT, despite the company saying it expected the halt to be temporary.

Bridge weight restrictions to impact Man Choch trucking operations

Published: 02 Dec 24

Alaska gold miner Contango has provided its 2025 gold production guidance, reaffirming expectations for strong cash flow despite facing rising operating costs at its Manh Choh mine. While the company projects production of 60 000 oz of gold in 2025, it also announced an upward revision to its all-in sustaining costs (AISC), driven by logistical challenges and higher processing expenses.

Thor announces further positive drilling results at Nigeria project

Published: 02 Dec 24

Aim- and TSX-V-listed Thor Explorations has announced further positive results from the initial proof-of-concept drilling programme that targets the down-plunge potential beneath the current Segilola openpit extents at its wholly-owned Segilola gold mine, in Nigeria. This programme targeted projections of the Segilola orebody below the current openpit design and has been successful in intersecting high-grade mineralisation in the majority of the holes drilled below the pit, president and CEO Segun Lawson highlights.

Uranium developer Premier American president resigns

Published: 02 Dec 24

TSX-V-listed Premier American Uranium has announced the resignation of David Suda as president of the company, with effect from December 1. Suda is resigning to pursue other opportunities, the company says.