Hot News in this Week
Jan 17, 2025
Indonesia maintains its dominance in the global nickel market, accounting for 63% of world reserves and producing 2.25 million tonnes last year, with an expected increase to 3.4 million tonnes by 2030; oversupply and weakened prices force other countries to suspend operations, cutting global supply by 35%, leading Macquarie to forecast LME cash prices will average $16,500 per tonne this year and reach $19,000 in 2027.
Source: Mining.com
Asante Gold has released a definitive feasibility study confirming the potential to extend the life of its Bibiani mine in Ghana by at least seven years through underground mining of reserves below existing open pits, with estimated gold production of 798,000 oz. over an initial seven-year period and an all-in sustaining cost of $1,035/oz., resulting in a post-tax net present value of $516 million with a 71% internal rate of return.
Source: Mining.com
Newcore Gold has released additional drill results from its ongoing 10,000-meter program at the Enchi Gold Project in Ghana, including high-grade gold intercepts from the Boin Gold Deposit, which reinforce the deposit's potential for resource expansion and future upgrades to the resource classification.
Source: MiningFeeds.com
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