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The Drill Down
The Drill Down
Tuesday 7 April 2026 · Part 2 Edition
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Commodity Prices
| Precious Metals |
Price (USD/toz) |
| Gold |
$4,645.56
-3.37 (-0.07%)
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| Silver |
$72.42
-0.39 (-0.53%)
|
| Platinum |
$1,958.66
-8.84 (-0.45%)
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| Palladium |
$1,472.22
-7.20 (-0.49%)
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| Base Metals (LME) |
Price (USD/lb) |
| Copper |
$5.65
+0.0142 (+0.25%)
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| Nickel |
$7.74
-0.0794 (-1.01%)
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| Zinc |
$1.49
+0.0164 (+1.12%)
|
| Aluminium |
$1.57
+0.0026 (+0.17%)
|
| Lead |
$0.88
+0.0025 (+0.29%)
|
Prices updated as of 7 Apr 2026, 4:11 pm AEST
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Today's Stories
Source: Mining.com
Panama's Commerce and Industries Minister may approve by Tuesday exports of already mined ore from Cobre Panama's stockpiles. This development could restart operations at First Quantum's shuttered copper mine.
Source: ASX Announcement
Lotus Resources (ASX: LOT) has suspended processing operations at its Kayelekera Uranium Mine in Malawi after a fire on 4 April damaged two newly installed electrical control panels in the drying and packaging area. The incident is expected to result in approximately three weeks of production downtime for repairs and recommissioning, with mining operations continuing and the company maintaining its target of reaching steady-state production in Q2 CY2026.
Source: CBC
Vancouver-based Vizsla Silver Corp. has confirmed nine of ten employees kidnapped in January from a work site in Mexico's Sinaloa state are dead. The incident underscores growing security risks for mining operations in Mexico.
Source: Reuters
Greenland has informed Energy Transition Minerals of a potential rejection of its exploration licence renewal. The decision would derail the Australian company's Greenland mining project development plans.
Source: BNamericas
Chile and Argentina have reached an agreement to unlock a binational mining cluster involving Capstone Mining Chile and other regional projects. The deal opens access to a mining region with significant economic potential.
Source: ASX Announcement
Chalice Mining (ASX: CHN) has appointed Odin Partnership Limited as strategic advisor to help advance its 100%-owned Gonneville Pd-Ni-Cu Project, with former Anglo American CEO Mark Cutifani CBE and former Anglo American Group Executive Director Tony O'Neill joining the Chalice Advisory Board. Odin brings deep expertise across base metals and PGMs, with Cutifani's career spanning nine years as Anglo American CEO and prior roles as CEO of AngloGold Ashanti and President of the International Council on Mining and Metals.
Source: The Business & Financial Times
Ghana's Chamber of Mines is advocating for increased state equity participation in mining projects as the country seeks to deepen its stake in the global lithium market. The push follows parliamentary ratification of the Ewoyaa mining lease.
Source: Mining.com
Miners have escaped from an attacked coal mine in Russian-controlled Ukraine according to official reports. The incident highlights ongoing security risks to mining operations in the war-affected region.
Source: Globe and Mail
Chinese mining workers are facing career transitions as the industry evolves. Mining wages rise and fall with demand, creating challenges for workers seeking stable employment.
Source: Government of Saskatchewan
Saskatchewan's Critical Minerals Processing Investment Incentive offers transferable Crown royalty and freehold production tax credits at 15% of eligible costs for greenfield or brownfield value-added processing projects across 11 critical minerals including lithium, nickel, copper, cobalt, and rare earth elements. Projects must include at least C$10 million in eligible costs, with a per-project credit cap of C$75 million, and applications are open from August 2024 through March 2029.
Source: Miningmx
Tharisa CEO Phoevos Pouroulis says the company is in talks with North American and European government-backed lenders to finance the remaining $300 million of its $545 million Karo PGM project in Zimbabwe. The improved platinum price environment has materially expanded funding optionality, with Pouroulis noting that supply security concerns are now drawing serious interest from parties that were not on the company's radar a year ago.
Source: Proactive Investors
TNR Gold (TSXV: TNR) has entered into a private placement agreement with Altius Resources, a wholly-owned subsidiary of Altius Minerals (TSX: ALS), for gross proceeds of approximately C$4.2 million through the issuance of 23.5 million shares at C$0.1775 each, representing a 9.9% post-issuance stake. Altius also receives a right of first offer on TNR's royalties on the Los Azules copper and Mariana lithium projects in Argentina, where Altius already holds a direct royalty interest.
Source: Reuters
Japanese Prime Minister Sanae Takaichi is planning a visit to Australia during the upcoming national holiday period to discuss rare earth supply chains and cooperation on safe navigation in the Strait of Hormuz. The visit follows Tokyo's recently signed rare earths deal with France and comes as Japan accelerates its push to diversify away from China-dominated supply chains.
Source: Financial Times
Kenya has launched a formal tender for the Mrima Hill deposit in Kwale County, estimated to hold over $62 billion in rare earth elements and niobium across more than 110 million inferred tonnes. The process has drawn competing interest from the US, China, and Australian firms including RareX and Iluka Resources, with bids due by 17 April 2026 as Kenya seeks to position itself as a key player in the global critical minerals supply chain.
Source: ASX Announcement
PhosCo (ASX: PHO) has completed three drill holes at the KM prospect within its wholly owned Gasaat Phosphate Project in Tunisia, returning thick, shallow phosphate mineralisation including 42.5m from 37.5m, 40m from surface, and 28m from 1m depth. Maiden resource estimates for the KM and SAB prospects are on track for April, with results to feed into an optimised Gasaat Scoping Study as the drill rig returns to the DOH prospect where a discovery of significant scale was recently confirmed.
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This newsletter is for general information, education & entertainment. Kamoa Capital is not licensed and does not know your circumstances. Nothing here is financial, legal or tax advice - seek professional advice and read any PDS before acting. We aim for accuracy but make no guarantees and accept no liability. Views are opinions only and may include forward-looking statements that may not occur.
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