Other Commodities
Glencore to source "clean cobalt" from Norway
The mining and raw materials trader Glencore (LON: GLEN) has signed a preliminary contract with the Norwegian battery manufacturer FREYR for the supply of 3,700 tons of cobalt metal in the form of cathodes from "ethical sources". The cobalt to be produced in …
The latest oil boom targets the north of Latin America
The small South American countries of Guyana and Suriname are at the center of the recent oil boom in Latin America. A series of oil discoveries that ExxonMobil has made in its Stabroek block off the coast of Guyana since 2015, where the global energy giant …
Silver back from an 8 year high
Silver broke the $ 30 an ounce mark on Monday as the precious metal was at the center of the Reddit investor frenzy. Silver futures on the Comex exchange rose as much as 12.7% to $ 30.3 an ounce. The metal is up 19% since last Thursday after posts on Reddit …
Ten miners dead in larger mining disaster in China
Rescuers searching for remaining trapped workers at a Chinese gold mine after the dramatic recovery of 11 survivors on Sunday found nine bodies, a local official said on Monday, bringing the death toll to 10, with one miner still missing . A total of 22 miners …
Shanta Gold to increase production in 2021
In the last update from Shanta Gold (SHG: LSE), the company announced gold production numbers of 82,978 oz, slightly above its 2020 forecast of 80,000 - 85,000 oz. The company also stated that it is now unsecured and fully exposed to the price of gold. The …
Fire at Pier in Northern Brasil causes problems for Vale
A fire at Vale's Pier 4S shiploader at the Ponta da Madeira Sea Terminal (TPPM) in Maranhão state - where the company ships high-grade Carajas ore - could impact the company's iron ore shipping capacity. Ponta da Madeira is one of Vale's key assets and one of …
NGOs demand closure of Colombian coal mine
A coalition of human rights and environmental NGOs led by the Global Legal Action Network (GLAN) calls on the Organization for Economic Cooperation and Development to close the Cerrejón coal project in Colombia, which is owned by Anglo American (LON: AAL) , …
First Majestic Silver with record silver production in Q4
The mine closings in the first half of 2020 appear to have had no material impact on First Majestic Silver (NYSE: AG) production as the company ended the year on a strong note and hit the high end of its production forecast. In a statement on Wednesday, the …
Antofagasta increases production in Q4
Antofagasta's share price (ANTO: LSE) is up 0.63% in London trading as the market welcomed the latest Q4 update. The company said that copper production for the full year was 733,900 tons, which was in line with forecast and 4.7% below the record production …
Silver will outperform gold in 2021
Silver is expected to perform better than gold in the short to medium term, and Americas Gold and Silver's production strategy will evolve around that thesis, said CEO Darren Blasutti. "I think silver will do better than gold this year and for the next few …