Rio Tinto provides Iron Ore update following Tropical Cyclone Narelle Mar 30, 2026 1:30 AM Eastern Daylight Time Rio Tinto provides Iron Ore update following Tropical Cyclone Narelle Damage to Cape Lambert A is currently being repaired. Shipping at that facility is expected to recommence in the coming days. Including Tropical Cyclone Mitchell in February, recent weather events are estimated to have impacted iron ore shipments by approximately 8 million tonnes. The company has identified a pathway to recover ...

23 March 2026 Global Metals & Mining Global Metals & Mining: 2026 Walls of Supply Bob Brackett, Ph.D. +1 917 344 8422 bob.brackett@bernsteinsg.com Andrianto Guntoro +44 20 7676 6825 andrianto.guntoro@bernsteinsg.com Understanding the progress of large/important mining projects is integral to our framework in analyzing the sector. In this note, we analyze hundreds of projects across twelve commodities which have the potential (reserves & resources) to contribute more than 1% of current demand. Commodity up-c ...

Gold and diamonds have long been viewed as luxury assets, but recent market dynamics show them moving in sharply different directions. Gold prices have surged to near-record highs, driven by persistent inflation, geopolitical tensions, including conflicts in the Middle East, and strong demand from central banks and investors seeking safe-haven assets. In contrast, the diamond market is facing sustained pressure. Prices have declined amid uneven global demand and a growing supply imbalance. A key driver ...

Vancouver, British Columbia--(Newsfile Corp. - March 25, 2026) - Makenita Resources Inc. (CSE: KENY) (WKN: A40X6P) (OTCID: KENYF) (the "Company" or "Makenita") is pleased to announce that the Company has engaged New-Sense Geophysics Ltd. to assist on the planned work program on Makenita's 100-percent owned 'Sisson West Tungsten Project (figure 1).' Exploration work is expected to commence within days. Figure 1. Location map for Makenita's Sisson West Tungsten Project.To view an enhanced version of this gra ...

Mountain Province Diamonds Announces Revised Details for Q4 and Full-Year 2025 Earnings Release and Conference Call Accessibility StatementSkip Navigation TSX and OTC: MPVD TORONTO and NEW YORK, March 24, 2026 /PRNewswire/ - Mountain Province Diamonds Inc. ("Mountain Province" or the "Company") (TSX: MPVD) and (OTC: MPVD) announces revised details for its fourth quarter and full-year 2025 earnings release and conference call. The delay in the issuance of fourth quarter and year-end 2025 results is due to th ...

Gem Diamonds shares fall 18% as revenue slumps and impairment charges push it to $104m loss Proactive uses images sourced from Shutterstock Shares in Gem Diamonds Limited (LSE:GEMD, OTC:GMDMF)) fell 18% to 3.78p on Wednesday after the company reported a $104 million attributable loss for 2025, driven by a $77.5 million writedown of the carrying value of its Letšeng mine in Lesotho. Revenue fell to $98.4 million from $154.2 million in 2025, while underlying EBITDA (earnings before interest, tax, depreciat ...

Core Viewpoint - Mountain Province Diamonds Inc. has extended the maturity dates on its credit facilities and is addressing cash call arrears with De Beers, indicating ongoing financial challenges and efforts to manage cash flow [1][2][3]. Credit Facility Update - The maturity date for the US$40 million term loan has been extended from March 18, 2026, to April 30, 2026, and the repayment date for the US$33 million working capital facility has also been extended to April 30, 2026 [2]. Joint Venture and Cash Calls - The company received IKE Notices from De Beers regarding unpaid cash calls totaling CAD$49,171,619, with CAD$38,847,140 due on March 17, 2026 [3][4]. - Additional IKE Notices have been received weekly, and failure to pay within 60 days will trigger a formal event of default under the joint venture agreement [4][5]. Financial Discussions - Ongoing discussions between the company and De Beers aim to address cash flow issues and manage the joint venture amid current market difficulties [5]. Board Approval Process - The Third Amending Agreement was reviewed and unanimously approved by the Board, with two members abstaining due to conflicts of interest [6][7]. Related Party Transactions - The agreement constitutes a related party transaction as it involves Dunebridge, which is affiliated with a major shareholder, and the company is relying on exemptions due to its financial difficulties [8][9]. Company Overview - Mountain Province holds a 49% stake in the Gahcho Kué Mine and controls over 96,000 hectares of mineral claims surrounding the mine, indicating its significant position in the diamond mining sector [11].

Core Viewpoint - GGL Resources Corp. has provided an update on its earn-in agreement with Nelson Resources Limited regarding the Gold Point high-grade gold-silver project in Nevada, allowing NES to acquire up to a 90% interest in the project [1]. Acquisition Terms - NES will initially acquire a 25% interest in the Gold Point Project through a cash payment of USD$191,617, which includes USD$141,617 for exploration expenditures and USD$50,000 [3]. - NES will issue shares valued at AUD$325,000 based on the 20-day volume weighted average price prior to the transaction announcement, subject to a 12-month voluntary escrow [4]. - GGL will receive 1,094,166,666 Performance Rights upon closing, which will vest in two tranches based on specific conditions [4]. - A 2% net smelter returns royalty will be applicable on all minerals extracted, with NES having the option to buy back 50% of the royalty for up to USD$1,000,000 [4]. Earn-In Terms - NES can earn up to a 90% interest in the Gold Point Project by incurring total expenditures of USD$3,000,000 and making consideration payments to GGL [5]. - Stage 1 requires NES to earn 45% interest within 12 months by issuing shares valued at AUD$162,500, spending USD$250,000 on exploration, and making cash payments totaling USD$175,000 [5][6]. - Stage 2 requires NES to earn 65% interest within 24 months with similar share issuance and increased cash and exploration expenditures [6][7]. - Stage 3 allows NES to earn 90% interest within 36 months with further share issuance and significant cash and exploration expenditures [7]. Performance Rights - GGL will receive performance rights that can convert into shares or cash based on specific performance hurdles [10]. - Tranche 1 requires NES to announce a JORC Code compliant mineral resource estimate of at least 1 million ounces of gold at a minimum grade of 1.5 g/t, granting GGL 420,833,333 performance rights or a USD$1,250,000 cash payment [11]. - Tranche 2 requires NES to announce the commencement of production, granting GGL 673,333,333 performance rights or a USD$2,000,000 cash payment [12]. Fees and Royalties - GGL will pay a Finder's Fee of 6% to International Island Group on initial and Stage 1 payments, totaling USD$3,000 and AUD$19,500 in shares [13]. - A disposition fee of 5% of Earn-In payments will be paid to Nevada Rand, with an initial fee of USD$2,500 and AUD$16,250 in shares [13]. - Nevada Rand is entitled to 5% of the performance rights, up to a maximum of 54,708,333 performance rights, contingent on NES completing the performance hurdles [13]. Company Overview - GGL Resources Corp. is a Canadian-based junior exploration company focused on under-evaluated mineral assets in stable mining jurisdictions, including the Gold Point Project in Nevada [18].

Core Viewpoint - Venezuelan lawmakers are debating a bill proposed by acting President Delcy Rodríguez to regulate the mining industry and attract foreign investment, reflecting a shift towards privatization in the country’s resource sectors [1][2]. Group 1: Legislative Intent and Context - The bill aims to generate confidence among foreign investors who previously lost assets due to expropriations, and to draw capital necessary for boosting the mining industry [2]. - This legislative action follows pressure from the Trump administration and is part of a broader strategy to stabilize Venezuela, which has faced a complex crisis during Nicolás Maduro's presidency [3][4]. Group 2: Resource Potential and Industry Conditions - Venezuela is rich in various minerals, including gold, copper, coltan, bauxite, and diamonds, with critical minerals like niobium and tantalum essential for technology and electric vehicle batteries [5]. - The mining industry currently suffers from unsafe working conditions due to poor regulation, highlighting the need for reform [5]. Group 3: Bill Provisions and Investor Assurance - The proposed bill includes regulations on mineral rights, categorization of mining operations, and provisions for independent arbitration of disputes, which are crucial for protecting foreign investments from future expropriation [7]. - The independent arbitration clause mirrors similar provisions in the recent oil industry reform, indicating a trend towards enhancing investor protections [7].

Guidance for 2026 - The company provides guidance for 2026, including sustaining capital expenditure of $6 million, expected recovery of 6.6 to 7.2 million carats, and total tonnes mined between 23 to 26 million [1] - Discussions with De Beers regarding revised operating costs are ongoing, with production cost details to be finalized later [1] Q4 2025 and FY 2025 Production and Sales Highlights - FY 2025 production totaled 4.33 million carats, slightly above the guidance of 4.3 to 4.7 million carats [1] - Ore mined in FY 2025 was 1.8 million tonnes, below the guidance of 1.9 to 2.2 million tonnes [1] - Approximately 1.9 million carats were sold in 2025 at an average value of $83 per carat, totaling $155.7 million, compared to 2.7 million carats sold in FY 2024 at an average value of $98 per carat for total proceeds of $267.7 million [1] Q4 2025 Production Statistics - Total tonnes mined in Q4 2025 were 8,241,493, an 8% decrease from Q4 2024 [1] - Ore tonnes mined in Q4 2025 were 842,805, a 45% decrease compared to Q4 2024 [1] - Diamonds recovered in Q4 2025 were 1,861,856, with an average grade of 2.15 carats per tonne, a 109% increase from Q4 2024 [1] Sales Performance - Q4 2025 diamond sales totaled 634,333 carats at an average value of $72 per carat, resulting in total proceeds of $45.7 million, compared to 542,812 carats sold in Q4 2024 at an average value of $96 per carat [1] - For FY 2025, 1,880,795 carats were sold at an average value of $83 per carat, totaling $155.7 million, down from 2,718,082 carats sold in FY 2024 at an average value of $98 per carat [1] Conference Call Details - The company will host a conference call on March 25, 2026, at 11:00 am EDT to discuss Q4 and FY 2025 financial results [2]