查看更多>>摘要：The many, varied, and in some cases unpredictable effects of the COVID pandemic on the mining industry have been pored over endlessly and, those in the industry could be forgiven if they are keen to discuss any other topic. But attending the Mining Indaba in South Africa, which itself is back after being suspended for over two years, it struck me that one effect has perhaps been under discussed.
查看更多>>摘要：The newly elected Australian government says the country relies too heavily on China as a market. In its place, the freshly minted ministers want more focus on Indonesia and India. To emphasise the connection, Prime Minister Albanese met Indian Prime Minister Modi in Tokyo last week and, in his second week in office, travelled to Indonesia with a team of ministers and corporate executives to woo President Widodo.
查看更多>>摘要：Sky-high prices for oil and gas, caused in part by sanctions on Russia for its war in Ukraine, have forced electricity-producing utilities to return to coal as a way of trying to satisfy consumer demand. Coal has ridden on the coattails of its fellow fossil fuels, up 250% over the past 12-months to a near-record US$412 a tonne for high-quality thermal material, with a 36% of that rise coming over the past month alone.
查看更多>>摘要：A former broker explained how at one time major European trading houses weren't averse to quietly withdrawing copper from LME warehouses only to transfer it to non-registered storage units so inventories appeared lower than they were. Jolly good for the price, of course! This still happens in China which makes forecasting difficult, to say the least.
查看更多>>摘要：Diamond miners are enjoying a moment in the sun, as a combination of COVID bounce-back and sanctions triggers a scramble for a shrinking number of stones. Consumer demand for diamonds, like other luxury goods, contracted sharply back in 2020, at the hight of the pandemic panic. Slower industrial operations also limited demand for diamonds used in drilling rigs and elsewhere. But supply was also supressed as COVID restrictions limited the number of workers who could operate at mines.
查看更多>>摘要：Tanzania, Mozambique, and Madagas-car are amongst east African states that have attracted investment in critical minerals ranging from graphite, nickel, copper, manganese, and phosphorous. Investments are expected to increase on the back of rising demand, prices, and project returns for metals vital for electric vehicle batteries and the energy transition.
查看更多>>摘要：The LME is facing lawsuits and formal complaints from heavy-hitting hedge funds following the fallout from its controversial decision in March to cancel nickel trades. Once again, the reputation of the exchange and its owner Hong Kong Exchanges and Clearing (HKEX) are on the line. US hedge fund Elliott Management is suing the London Metal Exchange for US$456.39 million at the English High Court over its decision to suspend and cancel nickel trades. Fellow investment firm Jane Street Global is similarly suing for $15.34 million.
查看更多>>摘要：The event was delayed from its usual date in February, the hight of the South African summer, due to a local COVID flare up, and masks and distancing were still enforced, but attendance was high. The line-up included ministers from around the world, as well as mining CEOs including Barrick's Mark Bristow, ivanhoe Mines founder Robert Friedland and new Anglo American CEO Duncan Wanblad who made his first public presentation. The first big speaker was South African mining and energy minister Gwede Mantashe, who spoke on May 9.
查看更多>>摘要：May has been a busy month with the announcement of the creation of Sandbox in collaboration with Equinox Gold and the earlier deal to buy Nomad Royalties, and through this process, the creation of strategic partners which it is hoped will enhance its abilities to bring in deals in the future. In February, it helped create Horizon Copper into which it sold a 30% interest in the Hod Maden copper project in Turkey and other assets for a US$200 million gold stream on Hod Maden. It subsequently added a package of royalties from Glencore affiliate BaseCore Metals Royalty which also saw Sandstorm get a long-life silver stream on the Antamina mine in Peru, the third largest in the world.
查看更多>>摘要：Marrone, a former investment banker who created Yamana from scratch in 2003, growing it through a string of value-accretive acquisitions from production of 78,168 ounces in 2004 to more than 1Moz gold equivalent last year, and has appetite to build another company, he told Mining Journal. Marrone is far from thinking about retirement or resting on his laurels, which will include a change of control payment of around US$26 million.
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