Gold prices were on track for a monthly rise on Friday, supported by a softer dollar and increased expectations for a U.S. interest rate cut in September. Spot gold was down 0.2% at $3,411.29 per ounce, as of 0704 GMT, on profit-taking. Bullion gained 3.7% so far this month and hit $3,423.16, its highest level […]

LONDON–(BUSINESS WIRE) — Rio Tinto today announces a new operating model and executive team to shape the company’s next chapter. The changes simplify and streamline the organisation to drive greater accountability and safe, sustainable, profitable growth through focusing on the most compelling opportunities to deliver long-term shareholder value. Effective immediately, Rio Tinto will simplify its […]

China will push to cut steel production between 2025 and 2026, according to an official document reviewed by Reuters and a source with knowledge of the matter, as it tackles overcapacity that has hit prices and fed a worldwide protectionist backlash. The world’s largest steel producer will strictly curb new capacity and reduce production, the […]

Gold held firm near a more-than-two-week peak on Thursday, as the dollar softened and investors hunkered down for Friday’s U.S. inflation data for cues on the Federal Reserve’s policy path. Spot gold was up 0.1% at $3,399.60 per ounce, as of 0851 GMT, after hitting $3,401.73, its highest level since August 11, earlier in the […]

Once a prospect has been identified, and the right to explore it acquired, assessing it involves advancing through a progressive series of definable exploration stages. Positive results in any stage will lead to advance to the next stage and an escalation of the exploration effort. Negative results mean that the prospect will be discarded, sold […]

Drill holes can be very unpredictable in the path that they take, so drillers often have to deal with hole deviation. Drill hole deviation is when the hole ends up going in a direction other than the chosen trajectory [1]. Let’s explore the various factors inducting hole deviation and provide several solutions. What causes drillhole […]

Aug 22 (Reuters) – South African mining group Gold Fields raised its interim dividend on Friday as first-half profit more than tripled from a year earlier, driven mainly by record bullion prices and increased production. Gold Fields said it realised an average gold price of $3,281 an ounce in the first half of 2025, up 40% […]

BEIJING/HOUSTON Aug 22 (Reuters) – The sharp jump in China’s imports of rare earth ore from the United States in July was probably the final customs accounting of shipments from U.S. supplier MP Materials. Data on Wednesday from the General Administration of Customs showed imports of rare earths ore from the U.S. surged to 4,719 […]

NEW DELHI, Aug 14 (Reuters) – India’s state-owned miner IREL is seeking to collaborate with Japanese and South Korean companies to start commercial production of rare earth magnets, a source familiar with the matter said, as part of efforts to reduce reliance on China. The company is looking at both Japan and South Korea for […]

PERTH, Australia — Up to 40 Indigenous People from across Perth and the Pilbara will from this month embark on Rio Tinto’s annual Aboriginal Training and Liaison (ATAL) program, an eight-week initiative co-designed with Traditional Owners to build job-ready skills and provide access to a range of career pathways. The program was re-launched in 2023 […]