World’s top diamond miner Alrosa hit by US sanctions
Alrosa (MCX: ALRS), the world’s top diamond producer by output, has been hit by fresh sanctions imposed by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). The OFAC…
Europe
Analysts adjust higher metal price assumptions on Russia-Ukraine conflict
Several analysts have adjusted higher their metal price assumptions for 2022 as the February Russian invasion of Ukraine drags on, wreaking havoc on global metals and mineral supply chains. Moody’s…
Kinross Gold sells Russian assets to Highland for US$680M
Kinross Gold (TSX:G; NYSE:KGC) is selling its Russian assets to Highland Gold Mining for a total of US$680 million in cash, the Canadian miner said on Tuesday, a month after…
Serbian elections to reshape debate on Rio Tinto’s Jadar project
Rio Tinto (ASX, LON: RIO) might have the licence for its $2.4 billion lithium project in Serbia reinstated should the country’s pro-mining president, Aleksandar Vučić, and his ruling Serbian Progressive…
Zinc price to remain high in the near term on Russia-Ukraine conflict – report
Market analyst Fitch Solutions Country Risk & Industry Research has revised its 2022 zinc price forecast higher by more than 20% to US$3,500 per tonne. In a market commentary, Fitch…
Mick Davis’s Vision Blue joins backers for Cornish Metals tin mine
Cornish Metals (LON, TSX-V: CUSN) is getting closer to reopening the South Crofty tin-copper mine in Cornwall, southwest England, as a group of investors including mining veteran Mick Davis are…
Spanish transport strike halts Orvana’s Orovalle operation
An ongoing transportation strike in Spain has accentuated supply chain disruptions that have forced Canadian miner Orvana Minerals (TSX: ORV) to suspend operations at the critical Orovalle copper-gold operation in…
Atlantic Lithium shares rise on new Ghana resource estimate
The London-quoted equity of Atlantic Lithium (AIM: AAL) has more than doubled over the past 12 months after the company reported on March 24 a new resource estimate on the…
Commodity price spikes could signal lasting market changes – report
Market analyst Wood Mackenzie warns that the ongoing metals and mined commodity price spikes, combined with heightened geopolitical tension, could result in long-lasting market changes. In recent months, factors including…
Ariana Resources rises on Newmont exploration alliance
The London-quoted equity of Ariana Resources (AIM: AAU) gained more than 10% on Thursday after it announced an exploration alliance with the world’s biggest gold producer, Newmont Corp (NYSE: NEM,…
Centerra halts gold bar production at Öksüt after mercury detected in recovery plant
Centerra Gold (TSX: CG; NYSE: CGAU) announced Friday it has temporarily suspended gold doré bar production at the Öksüt mine in Turkey, due to mercury having been detected in the…
Odds ‘n’ Sods: Local justice in Bulgaria
By the start of 1995, I’d been working as an exploration geologist for Rio Tinto in Turkey for about 18 months. I was unhappy with the terms of my employment…