Gold prices surge to historic levels, nearing $3,000 per ounce, driven by central bank easing, investor demand, and geopolitical uncertainties. Analysts predict …
Commodities
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CommoditiesExploration & DevelopmentNews
AngloGold Ashanti Acquires Centamin in $2.5 Billion Gold Deal
AngloGold Ashanti acquires Centamin for $2.5 billion, boosting gold production with Egypt’s Sukari mine added to its portfolio.
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GoviEx expands its uranium interests by acquiring a 51 percent stake in Zambia’s Lundazi exploration project, with promising geological prospects and plans …
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Trafigura has secured a $400 million iron ore prepayment deal with MinRes, providing the mining company with much-needed cash amid financial struggles …
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Iron ore prices rebound above $100 as Chinese stockpiles decrease, offering hope amid uncertain steel market.
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CommoditiesExploration & DevelopmentNews
Arizona Lithium Produces First Kilogram of Battery-Grade Lithium Carbonate in Saskatchewan
Arizona Lithium achieves a major milestone by producing Saskatchewan’s first battery-grade lithium carbonate at the Prairie project.
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Kazatomprom raises its 2024 uranium production guidance after a strong first half, reflecting rising demand and higher prices.
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Nigeria’s oil sector is grappling with a severe crisis as the number of operational rigs has plummeted to a six-month low, highlighting …
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CommoditiesExploration & DevelopmentNews
First Quantum Begins Commercial Production at Zambia Nickel Mine
First Quantum begins commercial production at Zambia’s Enterprise nickel mine, enhancing the country’s role in the battery metals market.
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Botswana plans to offer up to 24% stake in new mining projects to locals if the government opts out, boosting local ownership …