Mining

    NOVAGOLD consolidates Donlin Gold ownership, creating one of North America's largest pure-play gold developers teaser image

    NOVAGOLD consolidates Donlin Gold ownership, creating one of North America's largest pure-play gold developers

    (Kitco News) - NOVAGOLD is taking a major step toward simplifying the development of one of the world's largest undeveloped gold deposits, announcing Wednesday that it has reached definitive agreements to acquire Paulson Advisers LLC's remaining 40% interest in the Donlin Gold project in an all-share transaction.

    Kitco Mining Channel

    Gold steadies above $4,000 as PPI cools, yields rise - Kitco AM Report

    (Kitco NewsWire) - Spot gold prices are modestly higher and spot silver prices are weaker ahead of the North American market open Wednesday, as a softer U.S. inflation mix supported precious metals while renewed Strait of Hormuz tension kept crude oil prices and Treasury yields elevated.

    VanEck’s Casanova sees gold's pullback as noise, says mining stocks remain the standout trade

    (Kitco News) - The gold market continues to struggle to find consistent bullish momentum, but one fund manager noted that the precious metal remains one of the best-performing assets over the past 12 months, with mining equities taking the top spot.

    Heavy-handed revenue enforcement a threat to Congo mining sector, warns president

    Congolese President Felix Tshisekedi has ordered state revenue agencies to refrain from heavy-handed enforcement operations against mining companies, warning that excessive measures could dent investor confidence, cabinet minutes showed.Tshisekedi’s order reflects efforts by Democratic Republic of Congo to generate more state revenue from its vast mineral wealth without spooking investors in the copper and cobalt sector – a pillar of the country’s economy.
    EU announces restrictions on trading Sudanese gold teaser image

    EU announces restrictions on trading Sudanese gold

    The European Union announced on Monday new sanctions against Sudan by targeting the country’s gold trade, which it said was being used to finance the military conflict in the country.“The decision introduces a ban on the purchase, import or transfer of gold originating in Sudan. It also bans the sale, supply, transfer or export of mercury and cyanide to Sudan,” said a statement by the Council of the European Union.The conflict between Sudan’s army and the paramilitary Rapid Support Forces began more than three years ago, and it has caused a vast humanitarian crisis.
    Crude stocks in US strategic reserve fall 3 million barrels to lowest level since 1983 teaser image

    Crude stocks in US strategic reserve fall 3 million barrels to lowest level since 1983

    Stocks of crude oil in the US Strategic Petroleum Reserve fell by about 3 million barrels last week to 316.5 million barrels, the lowest level since April 1983, according to data from the Department of Energy.The drawdowns are a part of a US agreement to release 172 million barrels from the facility. Since the US-Israeli war on Iran began at the end of February, SPR inventories have fallen by 98.9 million barrels as of July 10.
    India’s Aditya Birla Renewables to buy Sprng Energy from Shell teaser image

    India’s Aditya Birla Renewables to buy Sprng Energy from Shell

    Grasim Industries’ (NYSE: GRAS) renewables unit will buy Sprng Energy from British oil major Shell (LON: SHEL) in a deal worth $1.8 billion, including debt, in one of India’s largest clean energy acquisitions, the companies said on Monday.The acquisition will add 5 gigawatts in capacity to Aditya Birla Renewables’ portfolio, Grasim, the flagship company of India’s Aditya Birla Group, said.The deal takes the group’s renewables portfolio to 9.3 GW, making it one of the largest players in the country’s growing clean energy sector.
    Mapping the market: Metals and mining shares may be perking up teaser image

    Mapping the market: Metals and mining shares may be perking up

    Shares of U.S. metals and mining companies have been on a volatile ride this year, including a nearly 25% fall for the sector in recent weeks, but ​technical analysis indicates that things could be looking up.The sector, measured by the State Street SPDR S&P Metals & Mining ETF, has been in a long-term uptrend that shifted into high gear in 2025. Over the past year it has been pulled between opposing forces — tariffs, the AI-driven buildout, ​bets on a commodities supercycle, and worries that the war in Iran could hurt global growth ​and stoke inflation.
    Indonesia’s Alamtri starts aluminium exports, ships metal to the US teaser image

    Indonesia’s Alamtri starts aluminium exports, ships metal to the US

    A smelter owned by mining and energy group PT Alamtri Resources Indonesia made its first aluminium exports in June, shipping to the U.S. and South Korea, according to Export Genius, a trade data platform.PT Kalimantan Aluminium Industry, which is located on the island of Borneo and began commissioning its first phase at the end of last year, shipped 31,494 metric tons of primary aluminium to the U.S. last month as well as 3,569 tons to South Korea, Export Genius data showed.
    Burkina Faso grants permit to state-owned gold miner for Bouboulou project teaser image

    Burkina Faso grants permit to state-owned gold miner for Bouboulou project

    Burkina Faso has awarded an industrial mining permit to state-owned miner SOPAMIB for the Bouboulou gold project, according to a statement, advancing the military-led government’s push for greater state control of the mining sector.Military-led governments across the Sahel and in neighbouring Guinea have increasingly favoured state-owned mining companies as they seek larger returns from their mineral wealth.SOPAMIB, Burkina Faso’s state miner, lay dormant after its 2014 creation until 2024 reforms revived it for direct mine development.