Other Commodities
Debswana Mining Company to shut down operations
Equally owned by De Beers and the Botswana government, Debswana Mining Company will shut down a diamond mine in the country as weak demand and trade disruption from the pandemic make it unprofitable to mine diamonds of lesser value, a union leader said on …
Sonami Group warns from Chile´s planned glacier bill
Chile's world-leading copper industry could shut down some of its mines if a law to protect glaciers continues its way through Congress at an early stage, Chilean mining trading group Sonami said on Monday. Diego Hernández, president of Sonami, which …
Vale will be selling on a new platform in China
Brazilian miner Vale SA said Monday that it plans to launch an iron ore spot trading platform on the Chinese mobile app WeChat with Beijing Iron Ore Trading Center Corporation (COREX) in early 2021 to facilitate transactions in yuan.
Botswana Diamonds targeting new drill areas
Botswana Diamonds announced Monday that it has identified a number of drillable targets on its Marsfontein and Thorny River diamond properties.
Oman is shifting its focus towards natural gas
Oman mastered all the countless challenges of 2020 with considerable flair, even if the year began with the untimely demise of Sultan Qaboos, then came the coronavirus pandemic and the renewed OPEC + production cuts, which had the double effect of lower prices …
Osisko is planning to re-vive the Barkerville Gold Mine
The next new gold mines in British Columbia could go into production as early as 2022, with the promise of the historic Barkerville region in B.C. to breathe life again. Osisko Gold Royalties Ltd. (TSX, NYSE: OR) completed a reverse acquisition of shell …
Malis Government pushes for re-assessment of all mining contracts
The interim government of Mali wants to review the mining conventions signed by previous administrations with companies, said interim president Bah N'daw late Friday on the recommendation of the country's chief auditor. Mali is one of the largest gold …
Oil Investors are not only eyeing Big Profits Only
For years, the oil industry attracted investors with substantial - and regular - returns. Even as oil prices fell, Big Oil found ways to keep paying dividends even if it had to cut them, which only happened in extreme cases. Now it's becoming increasingly …
Impact of US Presidential Election on Mining Industry
Although mining policies are not officially on the US election ballot, the fate of many existing and perhaps future projects hinges on the results of the November 3 election. Some mining companies could years of hard work fall apart with a victory by …
Shell increases its activities in China
Royal Dutch Shell (NYSE: RDS.A) + 3.4% pre-IPO following a Bloomberg report that it has acquired full control of one of its gas station joint ventures in China. Shell agreed to pay 1B yuan ($ 149M) for 51% of the Chongqing Doyen joint venture Shell Petroleum …