Vedanta’s parent sells $209 million stake

Vedanta Resources, the parent of Vedanta Ltd, has sold a stake worth more than 17.37 billion rupees ($209 million) in the Indian miner, exchange data showed on Thursday.

Copper price bounces as analysts see short covering fueling big gains

Copper extended a weekly gain, with some analysts predicting that the market could soon turn decisively higher as bearish investors are forced to unwind heavy bets against the metal viewed as a global economic bellwether.

Mexican mining sector balks at plan to ban open-pit mines

Mexican President Andres Manuel Lopez Obrador’s proposal to ban open-pit mining will generate uncertainty and curtail investment for the key sector, mining industry representatives said this week.

Nine gold miners missing in Turkey after landslide

Nine miners were still missing eight hours after a landslide at an Anagold Mining operation in eastern Turkey on Tuesday, the energy ministry said, with rescue efforts underway.

Australian gold miner Red 5 to acquire Silver Lake Resources

Australian gold miner Red 5 will takeover rival Silver Lake Resources to build a mid tier gold company valued at $1.5 billion, the two companies said in a joint statement on Monday.

Endeavour resumes work at Burkina Faso gold mine after strike ended

Work resumed at Endeavour Mining Plc’s second-biggest mine Thursday after management reached an agreement with workers to end strike after 11 days.

Gold demand to hit record with central bank buying, WGC says

Total gold demand hit a record last year and is expected to expand again in 2024 as the US Federal Reserve moves toward cutting interest rates, potentially aiding prices, according to the World Gold Council.

Base metals drop as investors weigh Fed path, China consumption

Base metals declined after the Federal Reserve pushed back on interest-rate cut expectations and as investors weighed the demand outlook in top consumer China before the Lunar New Year holiday this month.

LME targets Hong Kong as option for warehouse expansion

The London Metal Exchange (LME) is studying Hong Kong as a location to expand its global metal warehouse network, five sources with knowledge of the matter said, hopeful success there might open the door to mainland China, its ultimate target.

Hecla Mining looks to expand into Latin America

Hecla Mining, the largest silver producer in the United States, is looking to expand into Mexico, Peru and two other countries in Latin America to speed up growth once it consolidates its position in Canada.

US to rescind Venezuela gold license after opposition candidate barred

The US will rescind a license awarded to Venezuela’s state gold producer after Nicolás Maduro’s government banned the opposition’s leading candidate from participating in elections this year.

Endeavour goes to court to end strike at Burkina Faso gold mine

An Endeavour Mining Plc unit filed a lawsuit in a bid to end a strike in Burkina Faso that’s disrupted operations at the company’s second-biggest gold mine.

World’s biggest jeweller Pandora stops using mined silver and gold

Pandora, the world’s largest jeweller by amount of products sold, has stopped using mined silver and gold and now only manufactures with recycled precious metals, which require less energy to produce.

Brazil probes Mercado Libre sales of mercury used by illegal gold miners

Public prosecutors chasing illegal gold mining in Brazil’s Amazon region on Wednesday opened an investigation into on-line sales of mercury through Mercado Libre, Latin America’s largest e-commerce site.

Harmony sees half-year gold output up 14%

Harmony Gold says its gold production increased by as much as 14% in the six months to December 2023, driven by higher grades at its South African mines and a strong operational performance in Papua New Guinea.

Endeavour Mining’s second-biggest gold mine hit by strike

Workers at Endeavour Mining’s Hondué mine in Burkina Faso, the company second-biggest gold operation, have walked off the job on Tuesday, blocking the access road to the site.

Aluminum price jumps after report EU may sanction Russian metal

Aluminum rallied in London after Politico reported that the European Union is considering sanctions on Russian aluminum ahead of the second anniversary of the invasion of Ukraine.

More than 40 killed in artisanal mine collapse in southwest Mali

More than 40 artisanal gold miners were killed in southwest Mali last week after the shaft they were working in collapsed, Mali’s mines ministry said on Wednesday.

Gold riches fuel Sudan militia’s war to rule nation

Sudan’s paramilitary Rapid Support Forces group is using large-scale proceeds from gold mining to fund its devastating war against the nation’s army, according to United Nations investigators.

Iron ore price consolidates as traders ponder demand outlook

Iron ore futures were in a tight range on Monday, with the Dalian benchmark ticking up and Singapore prices receding, as investors pondered the demand outlook in the absence of an expected monetary easing in top consumer China.

Gold-based sensor helps detect ‘forever chemicals’ in water

A new gold-based sensor is able to detect pollution from ‘forever chemicals’ in water through luminescence.

Iron ore futures retreat amid weak China data

Iron ore futures prices retreated on Wednesday as weak economic data from top consumer China weighed on investor sentiment.

Ivanhoe, Gécamines to reopen historic Kipushi mine

Ivanhoe Mines and DRC state miner Gécamines will jointly work on bringing back to life the historic Kipushi zinc-copper-germanium-silver mine, in the country’s south, by mid-year.

Iron ore price drops as China central bank’s rate move defies expectation

Iron ore futures prices dropped for a second consecutive session on Monday as top consumer China defied market expectations and stood pat on its medium-term interest rate, leaving traders disappointed.

Barrick Gold reports lower preliminary gold output for 2023

Canadian miner Barrick Gold Corp said on Tuesday its full-year preliminary production of gold fell from a year earlier, even as output rose sequentially in the fourth quarter.

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