Weekly News Round-Up

Bringing you the latest news in mining from across the industry

A quantitative report published by World Gold Council (WGC) last week has revealed that its member companies produced 34.5 million ounces of gold last year and contributed close to US$38 billion to the GDP of the countries they operate in. Continue reading.

An international body is weighing a proposal that could be crucial in determining when and how battery minerals are extracted from the deep ocean floor - a decision with major repercussions for the future of electric vehicles. Continue reading.

Mining lags other sectors in reporting on its environmental, social and governance goals as companies struggle with the lack of a single industry reporting standard. Continue reading.

Vendetta unveils $4.7million investment by Singapore J&Y Investment PTE.Ltd. Continue reading.

Major mining companies have committed to disclosing all mineral development contracts and related taxes signed from January 2021 to strengthen mineral resource governance, the International Council on Mining and Metals (ICMM) said on Thursday. Continue reading.

Newmont Corp has sold US$1 billion of sustainability-linked bonds that will give a financial incentive to cut emissions and improve corporate governance, in a first for the global mining sector. Continue reading.

According to the latest data by Statistics South Africa (Stats SA), the domestic mining production increased by 2.1% year-on-year in October 2021. Continue reading.

South African economic data for the fourth quarter (Q4) have been a decidedly mixed bag. Thursday's data release maintained this trend, with mining production in October surprising on the upside and manufacturing surprisingly on the downside. Continue reading.

The South African rand dropped almost 2% on Thursday as manufacturing output slumped far more sharply than expected in October. Continue reading.

The gold miners' stock continues to vex contrarian traders, toying with herd psychology. They blasted higher to a key technical breakout in early November, building bullishness. Continue reading.

Gold is a surprisingly green investment - two new funds to play it. Continue reading.

Twiga Minerals Corporation, a joint venture between Barrick and the Government of Tanzania, has announced the acquisition of new prospecting licences in Tanzania by Bulyanhulu Gold Mine Ltd, a subsidiary of Barrick. Continue reading.

The world's largest diamond producer, De Beers Group, has applied to conduct exploration activities in north-eastern Angola. Continue reading.

Angola's Buco-Zau mine in the northern province of Cabinda is likely to produce one of the country's most significant gold exports in nearly half a century. Continue reading.

Orla Mining announced on Monday an independent mineral resource estimate for the Caballito copper-gold deposit, part of its 100% owned Cerro Quema project in southwestern Panama. Continue reading.

AIA Group Ltd. has sold off almost $10 billion of investments in coal mining and coal-fired power businesses as pressure grows on financial firms to cut ties with the sector. Continue reading.

Iron ore prices surged on Tuesday after customs data showed China's iron ore imports rose 14.6% in November from a month earlier to hit their highest since July 2020. Continue reading.

A group of G7 countries, including Japan and the US, announced the decision to release crude oil inventories from their Strategic Petroleum Reserve. Continue reading.

If you have an interesting piece of news or analysis that you think our #mining community would benefit from reading, send it to [email protected].

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