Jackson Chen

Vancouver

Staff Writer and Editor at Mining

Interim News Editor at Canadian Mining Journal

Staff writer & editor at https://t.co/TButvi2Ay8 | Content creator for https://t.co/9txLxduPHM | A ship in port is safe, but a ship is not built to do safe things.

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Articles

ReElement Technologies accelerates rare earth production at Indiana plant

2 days ago | mining.com | Jackson Chen

Amid escalating US-China trade tensions, American rare earth refiner ReElement Technologies says it will expand the operational equipment at its Noblesville plant in Indiana to meet surging demand for domestically sourced rare earth oxides.
Centerra acquires 9.9% of British Columbia-focused Thesis Gold

2 days ago | mining.com | Jackson Chen

Centerra Gold (TSX: CG) has bought a 9.9% stake in Thesis Gold (TSXV: TAU), citing the potential growth and synergy of the latter’s flagship project located next to its Kemess gold-copper project in north-central British Columbia. In a press release Tuesday, the Canadian gold miner said it will purchase approximately 23.5 million common shares of Thesis at C$1.03 a share for C$24.2 million.
Gold price hits $3,500 as flight to safe haven continues

2 days ago | mining.com | Jackson Chen

Gold surpassed the $3,500-an-ounce for the first time Tuesday as weakness in the US dollar and trade war fears boosted demand for the safe-haven asset. Spot gold breached a new record high of $3,500.05 per ounce during Asian trading hours, before paring some gains. By 10:30 a.m. in New York, the yellow metal traded at $3,438.14 for a 0.3% intraday gain. US gold futures also rose 0.5% to $3,444.60 an ounce.
UK flags possible security review as deep-sea mining licences go up for sale: FT

3 days ago | mining.com | Jackson Chen

Britain may trigger a national security review over the proposed sale of two deep-sea mining exploration licences after the Norwegian parent of UK Seabed Resources (UKSR) filed for bankruptcy, the Financial Times reported. The licences, sponsored by the UK and located in the Pacific Ocean, are held by UKSR, which was acquired in 2023 by Norway’s Loke Marine Minerals from US defense contractor Lockheed Martin. Loke filed for bankruptcy earlier this month, prompting an auction for its assets.
Politicians aiming to win over mining sector ahead of Australian election

3 days ago | mining.com | Jackson Chen

Australians will head to the polls on May 3 and while cost of living and the housing crisis are the main issues for voters, both sides of politics recognize the need to win over the country’s powerful mining sector. Australia has two major political parties, Labor and Liberal, though the Liberal Party and National Party have an alliance known as the Coalition. Before the election was called in late March, the two main parties were neck and neck in the polls.
Gold price surges above $3,400 on dollar weakness, economic uncertainty

3 days ago | mining.com | Jackson Chen

Gold surged above $3,400 to a new record on Monday, as a fresh bout of US dollar weakness and uncertainty over the US-China trade tensions spurred demand for the safe-haven metal. Spot gold rose 2.7% to $3,418.89 per ounce by 11:00 a.m. ET, having set an all-time peak of $3,429.83 earlier. US gold futures traded at $3423.30 per ounce, for a near 3% gain.
Gold ATM draws large crowd in Shanghai amid surging prices

4 days ago | mining.com | Jackson Chen

Amid surging gold prices, Shanghai has introduced its first “gold recycling ATM“, drawing significant public interest, particularly from older residents seeking to cash in on the jewelry they’ve held for generations. Located in Shanghai’s Global Harbor shopping mall, the new machine saw long queues of customers, with appointments booked through the upcoming May holiday.
Is Basel III setting up a new gold-backed monetary system?

4 days ago | mining.com | Jackson Chen

Gold is up 25% year to date, and what a year it’s been so far. Donald Trump has boldly imposed a new era of US economic policy dominated by tariffs, trade wars, and threats to the sovereignty of nations it has long considered allies (Canada, Denmark, Panama), as the second-term president aims to rewrite the rules of international trade mostly by disregarding them as he pursues an America-first agenda.
Allied Gold launches C$80M public offering after cancelling UAE investment

6 days ago | mining.com | Jackson Chen

Allied Gold (TSX: AAUC) is raising C$80 million through a public offering to fund the planned optimization and growth initiatives at the Sadiola mine in Mali and its Côte D’Ivoire mine complex. Under an agreement with Canaccord Genuity and National Bank Financial as joint bookrunners, Allied will sell 15 million common shares priced at C$5.35 per share — its market open price on Thursday. The stock closed the session at C$5.40 with a market capitalization of C$1.76 billion.
Ukraine-US sign memorandum on minerals deal

1 week ago | mining.com | Jackson Chen

Ukraine and the US signed on Thursday a memorandum in what is considered an initial step towards clinching a long-drawn-out minerals agreement between the two nations, as part of US efforts to bring an end to the Russia-Ukraine war. The document paves the way towards an “economic partnership agreement and the establishment of the investment fund for the reconstruction of Ukraine,” Ukraine’s first deputy prime minister and economy minister Yulia Svyrydenko, said in a thread on X.