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The Drill Down
Thursday 26 March 2026 · Part 2 Edition
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Commodity Prices
| Precious Metals |
Price (USD/toz) |
| Gold |
$4,491.26
-14.78 (-0.33%)
|
| Silver |
$70.68
-0.56 (-0.79%)
|
| Platinum |
$1,906.81
-24.19 (-1.25%)
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| Palladium |
$1,410.19
-6.35 (-0.45%)
|
| Base Metals (LME) |
Price (USD/lb) |
| Copper |
$5.50
-0.0419 (-0.76%)
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| Nickel |
$7.86
+0.1715 (+2.23%)
|
| Zinc |
$1.39
-0.0154 (-1.1%)
|
| Aluminium |
$1.46
-0.0065 (-0.44%)
|
| Lead |
$0.86
-0.0032 (-0.37%)
|
Prices updated as of 26 Mar 2026, 4:34 pm AEST
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Today's Stories
Source: MINING.COM
Albemarle has launched the permit process for its $3.1B Direct Lithium Extraction project in Chile. The world's top lithium miner is advancing the technology to boost output while reducing environmental impact.
Source: Rediff Money
India's Ministry of Mines has launched its 7th tranche of critical and strategic mineral block auctions, offering 19 blocks across multiple states, as the government pushes to accelerate post-auction execution. Vedanta's Anil Agarwal flagged that 85% of the 592 blocks auctioned over the past decade are still not operational, with only 82 producing output, calling for self-certification-based approvals and capped premiums to move faster from auction to production.
Source: Australian Financial Review
Academic research has found that large investors are gaining a measurable trading advantage by submitting handwritten substantial shareholder notices to the ASX, which cannot be processed by algorithmic systems in the same way as digital filings. ASIC is now planning to mandate machine-readable formats for all substantial shareholder disclosures, closing a loophole that has allowed informed parties to act on position changes before automated market participants can detect them.
Source: The West Australian
Thirty-nine of 42 high-voltage electrical workers across BHP's Pilbara iron ore mines have voted for protected industrial action in what would be the first strike at a Pilbara mine operator in decades. The Electrical Trades Union blamed BHP for refusing to negotiate a single point of a proposed agreement over more than 12 months. The Chamber of Minerals and Energy WA labelled the vote a "dangerous turn for the Pilbara," warning it risks sending a damaging signal to global investors at a critical time for Australia's energy exports.
Source: Reuters
Major iron ore and LNG ports in Australia's Pilbara mining hub have closed as a cyclone strikes the region. The closures affect critical mining infrastructure in one of Australia's most important resource-producing areas.
Source: The Northern Miner
Rio Tinto's exit from the Diavik diamond mine marks the end of an era for Canadian diamond production. The departure signals the decline of what was once a flourishing diamond sector in Canada.
Source: MINING.COM
Makor Resources plans to invest $30M in copper projects across multiple Zambian mining districts. The company has assembled a portfolio of assets in Kasempa, Mkushi, Mumbwa, Kitwe and Ndola.
Source: Times Live
South Africa's gold and platinum sectors are entering a new phase of activity, underpinned by record precious metal prices and a wave of fresh development. West Wits Mining's Qala Shallows operation, the country's first new underground gold mine in 15 years, is now in early production, targeting 70,000 ounces annually with a pathway to 200,000 ounces. Ivanhoe's $2 billion Platreef PGM mine opened in November 2025 and is ramping up toward full nameplate capacity, with Shaft 3 set to deliver a five-fold increase in hoisting capacity by April 2026.
Source: MINING.COM
Gold jumped more than 2% on Wednesday, moving back above $4,500 as Middle East tensions showed signs of easing. The precious metal extended this week's gains as investors sought opportunities in the yellow metal.
Source: Yahoo Finance
Bravo Mining (TSXV: BRVO) has received assay results from seven trenches in the North Sector of its Luanga PGM+Au+Ni deposit in Brazil's Carajás Province, identifying anomalous copper associated with elevated gold values that may indicate IOCG-style mineralisation overprinting the existing PGM system. Key intercepts include 151m at 3.6 g/t PGM+Au and 78m at 3.0 g/t PGM+Au. The company says the copper-gold association supports its broader geological model and has prompted the launch of a dedicated copper-gold exploration program for 2026.
Source: MINING.COM
Botswana is seeking to increase its borrowing capacity to manage the challenging diamond market conditions. The southern African country has experienced two successive economic contractions in 2024 and 2025 due to the diamond market downturn.
Source: Global Investigations Review
Freeport-McMoRan has voluntarily disclosed potential foreign bribery violations by an Indonesian joint venture to the DOJ and SEC. The major copper miner is investigating possible Foreign Corrupt Practices Act breaches.
Source: Reuters
Energy Transition Minerals has launched an A$10 million exploration program in Greenland focused on critical minerals. The program represents a significant investment in Arctic mineral exploration activities.
Source: Australian Mining
Australia has cemented its position as a global leader in mining education, with four universities ranked among the world's top 10 for mining engineering programs. The country continues to strengthen its position in mining education excellence.
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