Teck shares are back where they started before Glencore offer Despite Tuesday’s sharp drop, Teck has still outperformed most of its rivals this year. Bloomberg News | October 25, 2023 | 3:37 pm
Trafigura denies knowing that nickel deals with Gupta were fake One of the world’s largest commodity traders revealed it had lost more than half a billion dollars after buying cargoes of nickel from Gupta’s companies, only to discover that they contained much lower value materials. Bloomberg News | October 25, 2023 | 2:37 pm
Wheaton invests $115 million plus silver stream in Mineral Park mine in Arizona Wheaton has agreed to purchase 100% of the silver produced by the mine over the project life. Staff Writer | October 25, 2023 | 11:24 am
Greenstone mine build reaches 90%, Equinox prepares for first gold pour in 2024 Pre-commissioning has started in part of the crushing circuit. Staff Writer | October 25, 2023 | 11:20 am
G7 announcement on Russian diamond ban expected by end of month The G7 held a technical meeting last week to discuss several proposals put forward by India, industry groups and Belgium. Reuters | October 25, 2023 | 10:11 am
Protests continue in Panama against First Quantum’s 20-year deal on Cobre Panama Since Monday, protests against the contract have led to clashes between protesters and the police and the closure of major roads. Staff Writer | October 25, 2023 | 9:55 am
Namibia’s battery metal ambitions rest on infrastructure, miners say The southern African country has significant deposits of lithium as well as rare earth minerals. Reuters | October 25, 2023 | 9:19 am
US will extend EU metals tariff exemption if needed The US suspended import tariffs of 25% on EU steel and 10% on EU aluminum for two years from January 2022. Reuters | October 25, 2023 | 9:06 am
Gold price stays near five-month high with Middle East conflict, US data in focus The geopolitical concerns are not going away in the short term, which will continue supporting gold, analyst says. Staff Writer | October 25, 2023 | 9:06 am