Glencore hit by fresh bribery-related suit in the UK
Glencore (LSE: GLEN) is facing a fresh lawsuit in the U.K. related to alleged losses to shareholders resulting from the mining and commodities trader’s involvement in bribery. Legal & General…
Europe
Glencore to sell 23% stake in Peruvian miner Volcan
Miner and commodities trader Glencore (LSE: GLEN) has kicked off a sale process for its 23% stake in Peruvian zinc and silver miner Volcan. Delivering 2022 results, the Swiss company…
Bluejay Mining pulls demerger plan, aims to raise US$6M
Explorer and developer Bluejay Mining (LSE: JAY) said on Tuesday it would not spin off its battery and critical metals exploration subsidiary Disko Exploration, as previously announced. Executive chairperson Robert Edwards, who…
Vulcan Energy to mine 60% more German lithium than planned
Vulcan is now targeting 24,000 tonnes of lithium a year from its brine resource in Germany — 60% higher than its previous goal of 15,000 tonnes.
Cyber threats on the rise for resource industries
Mining companies continue to embrace digital technology to improve productivity and safety, and to make the most of insights made possible by big data and increasingly connected equipment and operations….
Video: BHP Xplor VP Sonia Scarselli on the accelerator’s first cohort
The Northern Miner recently sat down with BHP Xplor’s VP Sonia Scarselli to discuss the recent announcement of the accelerator program’s first cohort of companies. The seven companies selected will…
The View from England: Gold at 550-year high
At the third time of asking, gold seems set to break decisively through the psychologically important barrier of US$2,000 ($2,686) per ounce. More importantly, the precious metal has matched an…
Trafigura faces US$577M loss on alleged nickel fraud
Commodities trader Trafigura Group will take an almost half a billion dollars charge in first half of 2023, after discovering that some nickel cargoes it bought didn’t contain the metal they were…
Fancy colour diamond prices up 3.9% in 2022
Average prices for fancy coloured diamonds of any size climbed by 3.9% in 2022, led by yellows and pinks, the Fancy Color Research Foundation (FCRF), a non-profit that promotes transparency and…
Digital tech boosts mine output, links up machines by networks
The digital transformation is well underway, with many mining companies increasingly turning to automation and internet of things (IoT) technology to make their operations safer and more efficient. Senior executives…
LBMA implements optical AI technology to trace gold bars’ provenance
The London Bullion Market Association (LBMA) announced that it has added optical AI developer Alitheon to the pool of five companies that support the Gold Bar Integrity (GBI) initiative. The…
European Metals soars as Czech lithium project labelled ‘strategic’
Shares in European Metals Holdings (LSE: EMH; ASX: EMH) jumped on Monday in both Sydney and London after it said its Cinovec lithium project had been classified as strategic for…