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Gold: Barrick Gold will expand its presence in East Africa
Barrick Gold President and CEO Mark Bristow announced Saturday that the company plans to expand its presence in East Africa, using the North Mara and Bulyanhulu gold mines in Tanzania as a base for this venture. In September 2019, with the reacquisition of Acacia...
Precious metals: high interest rates cause risks to industry investment
The overall performance of the precious metals market is positioned in the negative side, due to high interest rates, fears of recession and slowing economic activity. As a result of the current economic climate, investors have sought precious metals for investment...
Precious metals: LBMA excludes MMC Norilsk Nickel PJSC from its annual conference
An LBMA spokesman confirmed that the Russian company, the world's leading palladium mining company, has been asked not to attend this year's Lisbon event. Norilsk Nickel is not currently under sanctions from the United States or Europe, but the stigma against Russian...
Copper and zinc: Lundin Mining increases production in second quarter
Lundin Mining announced that it produced 64,096 tons of copper in the second quarter of 2022 compared to 63,457 tons in the second quarter of 2021, 41,912 tons of zinc compared to 34,833 tons in the second quarter of 2021, 39 koz of gold compared to 41 koz in the...