Newmont plans to sell mines after Newcrest acquisition

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PLUS: Azure takeover heats up | Barrick ups stake in Hercules Silver | Vedanta regains control of Konkola

November 6th, 2023 MINING NEWS DIGEST   Newmont plans to sell mines after Newcrest acquisition The largest takeover in the mining industry this year was completed on Monday.   Mining tycoons turn up heat at Australian lithium junior Azure Heavyweights who have long dominated the iron ore sector in Australia are muscling into SQM's takeover of Azure.   Barrick Gold boosts stake in Hercules amid takeovers craze Barrick's $17 million investment in Hercules Silver grows its stake in the junior to about 12% from 2.7%.   Billionaire-owned Vedanta seals Zambian copper assets deal Vedanta and the Zambian government have sealed an agreement that restores the Indian company's ownership of Konkola Copper Mines.   Battery metals lose luster as surge in supply outpaces demand The lower metal prices are providing some cost relief to automakers and could lead to cheaper EVs.   Gold price could see new highs if Middle East conflict worsens, says Newmont CEO Spot gold has risen nearly 10% since the war broke out.   Bill Gates-backed mining startup wants to expand into Congo KoBold is exploring around the world for new deposits of metals that are key to the global green-energy transition.   Savannah Resources enlists Barclay to find partners for Portugal lithium project Investment bank Barclays and financial consultancy Barrenjoey hired to identify best partners for Savannah's Barroso lithium project in Portugal.   Ivanhoe records $108m third-quarter profit, shares up The Kamoa-Kakula copper complex sold 96,509 tonnes of payable copper in Q3 2023.   Asante Gold announces extension to Grasshopper pit resource at Bibiani Constrained indicated resources amounted to 1.88 million tonnes averaging 1.04 grams per tonne for 56,500 oz. of contained gold.   Zimbabwean miners set for big profit slump next year – report Last year Zimbabwe tripled the royalties platinum miners must pay the government to 7% and more than doubled those for lithium to 5%.   New theory aims to explain how gold, platinum deposits formed on earth's mantle The new theory centers around a thin, "transient" region of the mantle, where its shallow part melts and its deeper part remains solid.   Indonesia approves 38 of 84 requests for 2023 mining quota revision Miners had faced delays in obtaining revisions due to an ongoing investigation into illegal nickel mining.   Rainfall plays key role in capping Chinese aluminum capacity Another month, another new record for China's primary aluminum production sector.   Chile copper production uneven in September – Cochilco Codelco's production slipped 5.3% year-over-year in the month to 116,700 metric tons.     You are receiving this email because this email was subscribed to the MINING.com News Digest List. You may manage your subscription, or unsubscribe at any time. This email was sent to you by MINING.COM Copyright © 2023 . All rights reserved.