https://www.northernminer.com/ Equinox Gold (TSX: EQX; NYSE-AM: EQX) is buying partner Orion Mine Finance’s 40% stake in their new Greenstone gold mine in Ontario for US$995 million in cash and shares as it prepares to pour first gold. The purchase includes US$745 million in cash and 42 million shares valued at US$250 million. It was announced ... Read more ..read more

Homepage Application to temporarily continue increased iron ore shipments from Milne Inlet submitted to Nunavut Impact Review Board Baffinland Iron Mines Corp. is applying to continue exporting six million tonnes of iron ore from Mary River Mine through Milne Inlet, its northern marine shipping corridor, until 2030 or its railroad to Steensby Inlet is built. ... Read more ..read more

https://www.bnnbloomberg.ca/ Some of the world’s biggest energy trading companies are returning to metals, years after getting burnt in the notoriously difficult markets. Vitol Group, Gunvor Group and Mercuria Energy Group are among the traders building out their metals teams, as they look to deploy capital generated by record profits. The shift comes as forecasters turn ... Read more ..read more

https://www.adn.com/ Alaska’s three-member, bipartisan congressional delegation is siding with boosters of the major proposed Donlin mine in an ongoing lawsuit filed by tribal governments that seeks to invalidate the Southwest Alaska project’s federal environmental approvals. Republican U.S. Sens. Lisa Murkowski and Dan Sullivan and Democratic U.S. Rep. Mary Peltola, in documents filed in federal court ... Read more ..read more

Home In mid-2023, as China’s real-estate crisis lingered, property firms started to offer gold bars as an incentive to buy their apartments. Unlike real estate, gold is perceived to hold its value, the theory went. Then again, companies also presented new cars, cell phones, free decorations and parking lots to woo customers and boost sales. ... Read more ..read more

https://www.thestar.com/ The Japanese automaker will have an electric vehicle factory and auto assembly plant in a region where they have been making gasoline-powered cars and trucks since 1986. This Honda accord is worth a cool $15 billion. Prime Minister Justin Trudeau and Premier Doug Ford announced Thursday that Honda will build four new factories in ... Read more ..read more

https://thebarentsobserver.com/en/ War sanctions bite hard on Russia’s Arctic mining and metallurgical giant producing nickel and copper on the Kola Peninsula and in Norilsk. Vladimir Potanin, the main shareholder of mega-polluter Nornickel, admits in a remarkable statement with Kremlin’s information agency Interfax that Western sanctions reduces the company’s revenue by up to 20%. To circumnavigate sanctions, ... Read more ..read more

https://www.bnnbloomberg.ca/ (Bloomberg) — Gold’s record-setting rally this year has puzzled market watchers as bullion has roared higher despite headwinds that should have held it back. With prices sagging this week, the explanation may lie in China. After weeks of debate about whether a mystery buyer was stoking the rally, several prominent figures in the global ... Read more ..read more

https://financialpost.com/ Stepping up liquefied natural gas exports would help Asia lower emissions by getting off coal and boost Canada’s economy at the same time Pierre Poilievre‘s Axe the (carbon) Tax campaign is a spectacular success. But the Conservative party needs its own plan to reduce fossil fuel emissions. Paradoxically, it’s a fossil fuel that provides ... Read more ..read more

https://www.reuters.com/ TORONTO, April 23 (Reuters) – Canada and its Five Eyes Alliance partners are working on put forward a response to tackle the price manipulation of critical metals, Canada’s Finance Minister Chrystia Freeland said on Tuesday. The U.S., Britain, Canada, Australia and New Zealand have what is called the Five Eyes intelligence sharing network and ... Read more ..read more