UMS United Mining Supply and Renault Trucks have marked a decade of collaboration in Guinea’s bauxite sector, where UMS now operates around 350 Renault haul and logistics trucks in high-abrasion, high-dust conditions. The partnership couples heavy-duty fleet supply with tailored services such as on-site maintenance, driver training and operational support to keep vehicles running on long mine-to-port haul routes. For mine operators, the model shows how integrated OEM–logistics contracts can stabilise haulage capacity and availability in remote West African operations.

Copper-gold-silver assays from NGEx Minerals’ Lunahuasi project in northern Argentina have extended the high-grade Jupiter zone and expanded Saturn, with headline hole DPDH077 at Jupiter cutting 10 metres from 89 metres depth grading 0.88% copper, 3.14 g/t gold and 12.2 g/t silver, including 7.6 metres at 18.84% copper, 5.54 g/t gold and 336.7 g/t silver. Saturn results include DPDH069 with 135 metres at 1.18% copper, 0.81 g/t gold and 27.2 g/t silver from 437 metres, and DPDH072 with 34 metres at 1.43% copper, 1.8 g/t gold and 40.2 g/t silver from 193 metres, suggesting a large, structurally controlled disseminated and stockwork system with multiple very high-grade veins and a possible new zone east of Saturn. The stage 4 programme totals 27,318 metres across 32 holes, with Jupiter now a priority for stage 5 targeting a potentially larger future resource, while NGEx’s TSX shares eased 2% to $23.96, valuing the company at $5.2 billion.

US Federal Reserve policy trapped by a near-$40 trillion US national debt, annual deficits approaching $3 trillion and interest costs heading toward $2 trillion will ultimately drive gold to $10,000/oz and silver to $200/oz, argues long-time dollar bear Peter Schiff. With gold already back above $4,100/oz after weaker June payrolls and silver recently testing the historic $50/oz resistance from 1980 and 2011, he expects $50 to become long-term support in a new silver bull market. Schiff anticipates mining equities will re-rate sharply as investors accept structurally higher metal prices and central banks keep shifting reserves from US dollars into gold.