Chart: Bulks most affected by Russia-Ukraine conflict
Trade dislocations due to sanctions, high power prices and disruption to production facilities in the conflict zone are three major threats to the metals and mining industry due to escalating…
Russia and Central Asia
CIBC initiates coverage of Cameco and remains “bullish” on uranium sector
CIBC Capital Markets has initiated coverage of Cameco (TSX: CCO; NYSE: CCJ) with an outperformer rating and a price target in the next 12-18 months of $37 for the Canadian…
Global shift to ‘green steel’ will require US$278B investment by 2050: report
The global steel industry could be almost completely decarbonized by 2050 with an investment of US$278 billion in clean capacity and retrofits to existing production, according to BloombergNEF’s new report, Decarbonizing Steel: A Net-Zero Pathway. A move…
Renewables adoption speed still too slow to limit climate crisis — IEA
Growth in renewable energy is set to hit an all-time record this year, but is still falling “well short” of what is necessary to reach net zero emissions by 2050,…
Palladium ETF tops US$100M in AUM for the first time
A substantial influx of interest from institutional investors and wealth management allocations has pushed the Global Palladium fund (GPF), an exchange-traded fund created by Russia’s Norilsk Nickel, above US$100 million…
Inflation anxiety — what’s in store
The Q4 edition of The Northern Miner’s Global Mining Symposium on November 17 and 18 was another resounding success. The conference featured a top notch roster of guests from the…
Top 10 mines with world’s most valuable ore
In mining, grade is king.
Centerra ups the ante as it accuses Kyrgyzstan of high-grading Kumtor
Centerra Gold (TSX: CG) has asked an international arbitrator to impose ‘urgent interim measures’ on the Kyrgyz Republic and state miner Kyrgyzaltyn JSC to address alleged “critical operational and safety…
Resource nationalism sweeps top mining countries in Latin America
A move towards resource expropriation, tax and royalty increases, as well as demands for local participation in companies’ ownership–all components of resource nationalism–continues to increase, with Latin America taking centre…
Nordgold seeks listing in Moscow and London
Russian gold producer Nordgold is planning an initial public offering (IPO) of at least 25% of its existing shares in London, with a secondary listing in Moscow, as it seeks…
TSX mixed, May 10-14
The S&P/TSX Composite Index fell 0.54% to 19,366.69 during the May 10-14 trading week. The S&P/TSX Global Mining Index slipped 2.25% to 113.84, and the S&P/TSX Global Base Metals Index…
Metals price rally could hamper switch to green energy — IEA
Soaring metals prices may be good for miners, but they risk the ongoing transition to clean energy as batteries, solar panels and wind turbines need considerable amounts of copper, nickel,…