The price of gold is on hold as investors await the outcome of the Federal Reserve meeting and the release of key US jobs data. The Fed is expected to maintain its hawkish stance on interest rates, while a strong jobs report could further dampen gold prices. However, potential upside factors include increased buying from Asia and a weakening US dollar.
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A Colombian court upheld a mining ban in Cajamarca, affirming the results of a 2017 referendum that rejected AngloGold Ashanti’s La Colosa gold project due to environmental concerns.
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BHP’s decision to snub South Africa as an investment destination has ignited a political firestorm, with the ruling African National Congress (ANC)…
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Glencore CEO Gary Nagle explores investment opportunities in Nigeria’s rich mining sector, focusing on nickel, cobalt, and zinc during discussions with Minister Dele Alake.
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Saudi Arabia, the world’s top oil exporter, is shifting gears and looking to secure lithium, a key battery metal, to fuel its electric vehicle ambitions. The kingdom is exploring domestic production and international investments to meet its EV goals.
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CommoditiesExploration & DevelopmentNews
BHP’s Anglo Takeover Bid Threatens $9B UK Fertilizer Project
BHP’s $39 billion bid for Anglo American casts doubt on the future of the $9 billion Woodsmith fertilizer mine, highlighting strategic conflicts in global mining.
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Shanghai Platinum Week 2024 will showcase significant advancements in hydrogen energy and extended range electric vehicles, emphasizing China’s growing influence in the global platinum market.
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Canadian miner Silvercorp Metals has acquired Adventus Mining for $146 million, gaining a 75% interest in the El Domo copper-gold project in Ecuador. The deal expands Silvercorp’s geographical footprint and strengthens its green metals portfolio.
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The recent stumbles of Anglo, one of the world’s leading mining companies, have positioned it as vulnerable to the advances of mining’s…
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In a move that could reshape the global mining industry, BHP has offered to buy Anglo American for $39 billion, creating a copper giant to meet the rising demand for the green energy transition metal. However, the deal faces regulatory hurdles, potential bidding wars, and investor concerns.