Gem Diamonds ends 2020 with a bang as demand improves
Africa-focused Gem Diamonds (LSE: GEMD) ended 2020 in much better shape than many of its peers as it recorded revenue growth driven mostly by a sharp recovery in prices and sales…
Europe
Glencore inks “ethical cobalt” deal with Norway’s FREYR
Miner and commodities trader Glencore (LSE: GLEN) has inked a preliminary deal with Norwegian battery producer FREYR to supply 3,700 tonnes of “ethically sourced” cobalt metal cut cathodes. The cobalt,…
European tungsten producer Almonty advances Korean Sangdong project
Almonty Industries (TSX: AII; US-OTC: ALMTF) has two mines in Europe producing tungsten concentrate – the Los Santos mine in western Spain and the Panasqueira mine in Portugal – but…
Rupert Resources reports more assays from Pahtavaara project in Finland
Rupert Resources (TSXV: RUP) reported new results from its 60,000 metre drill program in Finland and noted that the latest holes have increased the maximum intersected vertical depth at its…
Adriatic Metals receives exploitation permit for Veovaca
Adriatic Metals (LSE: ADT1; ASX: ADT) has received an exploitation permit for its Veovaca project near Vares in Bosnia-Herzegovina, 50 km north of the capital, Sarajevo. The permit, issued by the…
Antofagasta’s Los Pelambres expansion to cost extra US$400 million
Chilean miner Antofagasta (LSE: ANTO) revealed today that the expansion project at its Los Pelambres operation in the home country would cost US$1.7 billion, up from the original US$1.3 billion, due…
Rio Tinto, Bluejay sign JV on nickel project in Finland
Explorer and developer Bluejay Mining (LSE: JAY) has inked a joint venture and earn-in agreement with Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) to advance the Enonkoski nickel project,…
Adriatic Metals secures US$28M financing package
Adriatic Metals (LSE: ADT2; ASX: ADT) has signed agreements to raise US$28 million from two new investors – Queen’s Road Capital Investment and the European Bank for Reconstruction and Development…
The View from England: US elections are unnerving for global investors
An already catastrophic year for the global economy is suddenly even more uncertain as investors everywhere grapple with the likely impact of the U.S. presidential election. With very few exceptions…
Atalaya acquires Masa Valverde polymetallic project in Spain
Atalaya Mining (TSX: AYM; LSE: ATYM) is acquiring the Masa Valverde polymetallic project in Spain for a total of €1.4 million (US$1.7 million) in cash from a private vendor. The…
Diamond market shows signs of revival
After being virtually shut down since March, the diamond market has slowly come back to life. This fall, De Beers, the world’s largest diamond producer by value, has reported a…
InoBat unveils world’s first ‘intelligent’ EV battery
Slovakia’s InoBat Auto has unveiled what it claims is the world’s first “intelligent” electric vehicle battery, said to beat competitors’ with a higher energy density and an increase in operational…