Major Financial Institutions Advocate for Reshaping Mining Industry’s Future
A coalition of major global investors has released a report calling for a new approach to the sector. The Global Investor Commission on Mining 2030, backed by institutions managing $15 trillion in assets, has outlined recommendations aimed at fostering an environmentally and socially responsible mining industry. The report, published on Tuesday, emphasizes the crucial role […]
Rio Tinto Expands Lithium Portfolio with $6.7 Billion Arcadium Acquisition
Rio Tinto Group, the world’s second-largest mining company, has announced its agreement to acquire Arcadium Lithium (NYSE: ALTM) in an all-cash deal valued at $6.7 billion. This move marks Rio Tinto’s largest acquisition since 2007 and significantly expands its presence in the lithium market. The deal offers $5.85 per Arcadium share, representing a 90% premium […]
Polymarket Betting Shift Favors Trump, Sparks Speculation About High-Profile Backer
The cryptocurrency-based prediction market Polymarket has witnessed a shift in betting odds for the 2024 US presidential election. Former President Donald Trump has surged ahead of Vice President Kamala Harris, defying traditional polls and raising questions about the influence of high-stakes digital wagering on political forecasts. The sudden change, driven by millions of dollars in […]
Burkina Faso Threatens Permits, But Mining Firms Insist They’re Safe—For Now
In the latest turn of events in Burkina Faso, junta leader President Ibrahim Traoré announced plans to withdraw mining permits from some foreign companies, sparking widespread attention from international mining corporations operating within the country. The announcement, made during a radio address, coincided with the two-year anniversary of Traoré’s rise to power following a coup […]
Turkey Blocks Discord Access Following Court Ruling on Child Safety
Turkish authorities have restricted access to the popular messaging platform Discord. The decision, announced on Wednesday by Turkey’s Information Technologies and Communication Authority, follows a court ruling in Ankara citing “sufficient suspicion” of crimes related to child sexual abuse and obscenity. Justice Minister Yilmaz Tunc emphasized the government’s commitment to safeguarding youth from harmful online […]
Cuba Officially Requests BRICS Partnership Status
Cuba has formally applied to join the BRICS group as a “partner country,” according to recent statements from Cuban and Russian officials. The request was made through an official letter addressed to Russian President Vladimir Putin, who currently holds the BRICS presidency. Carlos M. Pereira, director of bilateral relations at the Cuban Foreign Ministry, announced […]
Federal Government Unveils Controversial Secondary Suite Financing Program
Canada’s Department of Finance has unveiled a change to mortgage insurance rules, set to take effect on January 15, 2025. This new policy encourages homeowners to add secondary suites to their properties, potentially transforming the Canadian real estate market. The initiative allows homeowners to access insured mortgage refinancing for the purpose of constructing additional units […]
Lundin Sells 125,887 Gold Ounces In Q3 At Average Price Of $2,615
Lundin Mining (TSX: LUG) saw third quarter production of 122,154 ounces at its Fruta del Norte gold mine in Ecuador. The figure represents an increase of more than 8% compared to the third quarter of 2023. Production is said to have consisted of 73,532 ounces of gold in concentrate, while 48,622 ounces were in the […]
Fission Uranium Receives Court Approval For Takeover By Paladin, But Is Still Hamstrung By Feds
Fission Uranium (TSX: FCU) has inched closer to closing its sale to ASX-listed Paladin Energy. The company last night indicated it has received a final order from the Supreme Court of British Columbia approving the transaction. While not typically a major hurdle in the M&A world, The approval is significant as it signifies the courts […]
Global Atomic Increases Financing To $35 Million Due To Demand
Global Atomic (TSX: GLO) has seen huge demand for a public offering, increasing the size of its public offering substantially after the close of markets yesterday. The increase follows the terms of the transaction being released mid-day, following a halt of trading the night before. The financing, which was upsized from $25 million to that […]