The Chinese consortium CBC, including battery giant CATL, and Bolivia, inked a deal on Wednesday, strengthening their collaboration in one of the world’s largest lithium reserves. As Bolivia aims to enhance its role in the battery production chain with China, President Luiz Arce mentioned that Bolivia could launch a new international tender this month. Arce…
In a world obsessed with wealth and the pursuit of shiny objects, a group of intrepid treasure hunters found themselves standing before the ultimate symbol of opulence: a mountain made entirely of gold. It was a discovery that would make Midas green with envy and set off a chain of events that could only be…
Gold prices recovered on Thursday after the European Central Bank (ECB) raised interest rates higher than expected. The ECB increased its deposit rate by 10 basis points to -0.40 percent, a move that was widely expected by economists. The central bank also announced that it would begin to reduce its bond-buying program, known as quantitative…
DeepGreen Metals, a deep-sea mining company specializing in extracting battery metals from the ocean floor, has taken a significant step forward in its mission. Recently, the company secured a substantial cash injection from Swiss investment firm, MetalOil, providing the necessary funds to accelerate its exploration and development efforts. This investment brings DeepGreen one step closer…
Orla Mining has entered a definitive agreement to acquire the Musselwhite Gold Mine from Newmont for $810 million (C$1.14 billion) in upfront cash, with an additional $40 million contingent on future gold prices. This transformative acquisition is set to significantly enhance Orla’s gold production and free cash flow, marking a pivotal step in the company’s…
Mali, a West African nation with a rich history in gold mining, has been thrust into the spotlight as it grapples with the aftermath of a tragic incident – the collapse of an illegal gold mine. This unfortunate event has not only highlighted the perils associated with clandestine mining activities but has also underscored the…
A significant environmental concern has arisen in South Africa as a large methane leak has been detected over a coal mining region. This development raises alarms about the potent greenhouse gas emissions associated with coal mining and highlights the urgent need for stricter regulations and sustainable energy alternatives. The coal mining region in question is…
Gold is a precious metal that has been recognized for its value since ancient times. It has been used as money, as a medium of exchange, and as a store of value. But despite its long history and its many uses, gold often gets overlooked or “no respect” in comparison to other metals. This is…
Alrosa, the world’s top diamond miner, has been hit by US sanctions, leading to a drop in its share price and a warning from the company that it could be forced to delay some of its projects. The US Treasury Department announced on April 15th that it had sanctioned Alrosa and its subsidiaries for their…
Anglo Asian Mining plc (AIM:AAZ), the gold, copper and silver producer with operations in Azerbaijan, has announced that it has made another strategic investment in Libero Copper Corporation (TSXV:LBC). The London-listed miner has purchased an additional 4.3 million common shares of Libero at a price of CAD$0.45 per share, through a private placement. The total…