Regis exits $5.6b Vault battle

Rio Tinto diamonds shine bright at art collection premiere Rio Tinto (ASX: RIO) has launched its 2024 Beyond Rare™ Tender, the second in its Art Series offering, showcasing 48 lots of extraordinarily rare masterpieces of nature from its diamonds business. Titled Colour Awakened, this collection is headlined by seven “Old Masters”, notable historic diamonds from Rio Tinto’s WA Argyle diamond mine that operated from 1983 to 2020. The Old Masters comprise seven round brilliant cut, pink and red diamonds, ranging in size from 0.60ct to 2.6ct. Speaking at the London launch, Rio Tinto Minerals chief executive Sinead Kaufman...

Monadelphous (ASX: MND) has been awarded a $300m long-term maintenance services contract with Rio Tinto.

Gold outlook: downhill or second wind? The World Gold Council has released its Gold Mid-Year Outlook, as the metal continues its record-setting pace, rising 26% in US dollar terms in H1 CY25. A combination of a weaker US dollar, rangebound rates and a highly uncertain geoeconomic environment has driven this strong investment demand. The paper examines the base, bull and bear cases for gold in H2 CY25. The World Gold Council forecasts that under current consensus expectations for continued normalisation gold could remain rangebound in H2, closing roughly 0%–5% higher than current levels, still equivalent to a 25%–30% annual return Should economic and/or financial conditions deteriorate further, under the bull case, exacerbating...

Extinct volcanoes a ‘rich’ source of rare earth elements Iron-rich magma entombed inside extinct volcanoes is likely abundant with rare earth elements, offering a new way to source these in-demand metals, according to new research from The Australian National University (ANU) and the University of the Chinese Academy of Sciences. Rare earth elements are vital to the development of electric vehicles and renewable energy technologies such as wind turbines. They are also found in smartphones, flat screen TVs, magnets and even trains and missiles. With more countries investing heavily in renewable energy technologies, the demand for rare earth elements continues to skyrocket, with demand for these elements expected...