NGOs criticize LBMA’s gold sourcing program
Advocacy groups said the London Bullion Market Association is failing to ensure that only responsibly-sourced, conflict-free gold is traded worldwide.
Europe
Resource nationalism surge spells rough times for miners
Resource nationalism has spiked in more than 30 countries over the last year and more than half of those nations are key producers of minerals and hydrocarbons, a new study reveals….
Petra sells 299 carat diamond for $12.18 million
Petra Diamonds (LSE: PDL) has sold a 299.3 carat diamond recovered in January at its iconic Cullinan mine, in South Africa, to Belgium-based Stargems DMCC for US$12.18 million. The exceptional Type 11a…
Rio Tinto chairman to step down over caves blast scandal
Simon Thompson is the latest high-profile departure linked to the miner’s destruction of ancient rock shelters in Western Australia.
Dundee Precious Metals releases PFS on US$211M open pit mine at Timok
Toronto-based gold and copper producer Dundee Precious Metals (TSX: DPM) has announced the results of a prefeasibility study on its Timok gold project in Serbia, as well as the decision…
Nevada is the world’s new top mining destination
Nevada replaced iron ore-rich Western Australia as the most attractive mining jurisdiction according to the Fraser Institute.
Pent-up weddings and stimulus could mean ‘generational consumer boom’ for diamonds
Global diamond production in 2020 fell by more than 20% to about 113 million carats due to planned production declines by the major producers and pandemic-related suspensions and curtailments. The…
Rio Tinto hands out biggest dividend ever; vows to tackle customers’ emissions
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has rewarded investors with the biggest dividend in its 148-year history and laid out plans to tackle the vast carbon footprint of its…
Adriatic takes big strides forward at its brownfield projects in the Balkans
Adriatic Metals (LSE: ADT1; ASX: ADT) has “an interesting few years ahead,” says the company’s managing director and CEO Paul Cronin, as the junior explorer progresses its brownfield projects in Bosnia-Herzegovina…
Eldorado Gold inks revised investment contract with Greece
Eldorado Gold (TSX: ELD; NYSE: EGO) has inked an amended investment agreement with the Greek government covering the miner’s operations in the north of the country. The new contract between Eldorado’s…
Former Anglo American boss Cynthia Carroll joins Glencore’s board
Miner and commodities trader Glencore (LSE: GLEN) has added a third female director to its nine-person board, appointing former Anglo American (LSE: AAL) chief executive Cynthia Carroll to its board….
Global gold output to rise 5.5% in 2021, Global Data reports says
After declining in 2019, global gold production was adversely affected by the Covid-19 pandemic during 2020, while the suspension of expansion works and contractions from mines nearing closure also exacerbated…