China’s tech ambitions hinge on 20 electric versions of Detroit

Pieces of an electric car hang from the ceiling of the Chinese real-estate developer’s showroom, evoking an edgy installation at a modern art museum. In reality, they’re a symbol of the nation’s industrial ambitions. Just down the neatly manicured road,...

/ June 4, 2019

Zimbabwe's mineral-backed loans may complicate talks with creditors, IMF says

Foreign loans that use minerals as collateral may complicate Zimbabwe’s future negotiations with foreign creditors to restructure its $8.8 billion debt, an International Monetary Fund official said on Monday. Unable to get funding from lenders like the IMF since defaulting...

/ June 3, 2019

Australian company to extract magnesium from waste-water streams

Australia’s EcoMag is working on a project to recycle waste-water streams, which are known as bitterns, to extract hydrated magnesium carbonate or HMC. At present, the focus is on the streams generated by Dampier Salt, a sea salt producer mostly...

/ June 3, 2019

Worker killed at Codelco’s El Teniente mine

A worker at Codelco’s El Teniente operation was hit by a rock and died on Sunday, Chile’s state miner informed. In a media statement, the world’s No.1 copper producer lamented the passing of 58-year-old Pedro Enrique Mena Bolvarán, who belonged...

/ June 3, 2019

Minas Gerais signs MoU with tech company to monitor tailings dams

Following the collapse of a dam at Vale’s (NYSE:VALE) Corrego do Feijão iron ore mine back in January, the southeastern Brazilian state of Minas Gerais signed a Memorandum of Understanding with tech company Inmarsat to monitor all tailings facilities in...

/ June 3, 2019

Peru’s Buenaventura threatened with general strike

Community leaders from the district of Chilcaymarca in the southwestern Castilla province are threatening Peru’s Compañía de Minas Buenaventura (NYSE: BVN) with a general strike due to the company’s decision to fire 40 workers from its Orcopampa gold-silver operation. The...

/ June 3, 2019

Finland’s new government plans spending spree, Iltalehti reports

Finland’s next government, encompassing five parties from the left and center of the political spectrum, will increase spending by about 4 billion euros ($4.5 billion), Iltalehti reported, citing a draft of the government program agreed on Friday. The incoming cabinet,...

/ June 3, 2019

Should investors get excited about rare earth metals?

Terbium is used to make flat-panel displays. Thulium can be found in your microwave. Dysprosium demand is growing with increased production of wind turbines and electric vehicles. The 17 so-called “rare earth metals,” of which the three mentioned above are...

/ June 3, 2019

Energy prices crash in Europe as old, new fuels vie for share

Gas and coal prices are plunging in Europe, hurt by the relentless threat of ever-cheaper clean energy that’s gaining market share and pushing out the fossil fuels in the process. Both energy commodities had their fourth weekly decline, with benchmark...

/ June 3, 2019

Fungi could offer clues for finding new gold deposits

A type of fungi that looks like a thread could offer clues for finding new gold deposits. According to scientists at Australia’s national science agency CSIRO, fungi known as Fusarium oxsporum attach gold to their strands by dissolving and precipitating...

/ June 3, 2019

CHART: Worst May for US stocks in 9 years lights fire under gold price

Gold jumped out of the gate on Friday, rising more than 1% in heavy volumes as investors seek a safe haven amid a widening trade war unleashed by US President Donald Trump. Gold for delivery in August, the most active...

/ June 1, 2019

Silver miners’ Q1’19 fundamentals

The silver miners’ stocks have been pummeled in recent months, plunging near major secular lows in late May.  Sentiment in this tiny sector is miserable, reflecting silver prices continuing to languish relative to gold.  This has forced traditional silver miners...

/ June 1, 2019