Mining survey reveals top 20 global jurisdictions for companies to operate in
Three countries dominate the latest Fraser Institute global mining survey with Nevada, Western Australia and Saskatchewan taking out the top most favoured places to be exploring or mining.
The Toronto-based think tank’s annual ratings are closely watched for who’s up, who’s do...
Tesla considers buying Sigma Lithium to secure EV battery metal supply
Electric vehicle powerhouse Tesla (NASDAQ: TSLA) is considering buying Canadian miner Sigma Lithium (NASDAQ, TSX-V: SGML), according to news reports circulating over the weekend.
The Elon Musk-led automotive giant has been eyeing multiple mining options as it considers its own...
BuzzFeed and Microsoft lead the charge as AI replaces jobs
We may be witnessing an inflection point with artificial intelligence (AI), notably OpenAI’s GPT large language model replacing jobs through automation.
Last week the news and entertainment company BuzzFeed Inc (NASDAQ: BZFD) said it would use the GPT-3 engine to create quizze...
Saudi Arabia to spend US$3b acquiring global mining assets in 2023
In an effort to diversify its economy away from oil and secure access to strategic minerals, Saudi Arabia has established a new company that will invest in global mining assets.
According to a statement released on Wednesday, the sovereign wealth fund (PIF - Public Investment ...
Europe poised to enter rare earths race after major discovery in Sweden
With no internal supply, vast numbers of European industries have been reliant on China for rare earths, until now.
That may now be on the way to changing with the announcement by the Swedish state-owned mining company LKAB that it has identified more than 1 million tonnes of ...
Microsoft buys 4% stake in London Stock Exchange
Microsoft (NASDAQ: MSFT) has entered into a 10-year strategic partnership with the London Stock Exchange Group (LSE: LSEG) – including scooping up a 4% stake in the exchange.
The partnership will reportedly help Microsoft generate an additional US$5 billion in revenue and will...
China moves to buy oil and gas using yuan instead of US dollars
China is rolling-out plans to acquire oil and gas products in exchange for yuan, instead of US dollars, from top producers in the Arabian Gulf.
These plans were unveiled by China’s President Xi Jinping at a summit held in Riyadh, Saudi Arabia last Friday.
Hosting the talks ...
Western vaults drained of silver to meet soaring Indian demand
Traditionally, India’s precious metal dealers have received their gold shipments by air, but their silver normally came by sea.
That made sense due to the relative values per ounce of the two metals (with the gold:silver ratio now at 1:77).
However, such is the demand for s...
US President Biden creates history with federal marijuana research bill
United States President Joe Biden has officially signed a marijuana research bill into law, becoming the first piece of standalone federal cannabis reform legislation in the nation’s history.
The White House confirmed on Friday that President Biden signed the Medical Marijuana...
Ghana to buy oil with gold instead of US dollars
Ghana is putting together a proposal to acquire oil products in exchange for its gold, with the strategy being to reduce the expenditure of its US currency reserves.
Vice president of the African nation Dr Mahamudu Bawumia announced the proposal on 24 November via his Facebook...
