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Mariaan Webb is Creamer Media Senior Deputy Editor Online for Engineering News and Mining Weekly.
Peak slashes costs at Tanzania rare earths project
Despite global inflationary pressures, Australia-listed Peak Rare Earths has successfully reduced its capital and operating cost estimates for the Ngualla project, in Tanzania. The project, which...
Champion Iron bolsters liquidity for growth opportunities
Quebec Iron Ore (QIO), a subsidiary of TSX- and ASX-listed Champion Iron, has completed a $230-million term-loan financing facility, significantly increasing its available liquidity to support...
Polymetals raises cash for Endeavour mine
Australian exploration company Polymetals Resources has announced an one-for-six nonrenounceable rights issue of new shares to raise up to A$8.12-million. Executive chairperson David Sproule will...
$60m Vitol funding to see Dartbrook restart in new year
The Dartbrook joint venture (JV) has received a credit committee approved offer on terms for a three-year $60-million debt facility from energy and commodities company Vitol Asia, ASX-listed...
Lake explores strategic partnerships for Kachi lithium project
Australia-listed Lake Resources is embarking on a quest for strategic partnerships to propel its Kachi lithium brine project, in Argentina, to new heights. The company is looking for a partner to...
EcoGraf on its way to securing $105m for Tanzania graphite project
Vertically integrated battery anode developer EcoGraf appears to be on its way to securing a substantial $105-million for the development of its Epanko graphite project, in Tanzania. The company,...
Euro Manganese secures $100m for Czech project
Dual-listed Euro Manganese has signed definitive agreements with OMRF, which is managed by Orion Resource Partners Group, for $100-millio in nondilutive financing to advance its Chvaletice...
Sibanye to cut about 300 jobs at US PGM operations
JSE- and NYSE-listed Sibanye-Stillwater on Wednesday announced that it would cut about 300 positions at its platinum group metals (PGMs) mines in the US, as part of a restructuring to reduce...
Rio Tinto ups interest in Yukon copper project owner
TSX-listed Western Copper and Gold has announced a further C$6-million investment from Rio Tinto Canada to continue to advance its Casino project, in the Yukon. Rio Tinto will subscribe for, and...
Rio Tinto sells stake in Canada diamond project
Diversified miner Rio Tinto is selling its 75% interest in the Fort à la Corne diamond project, in central Saskatchewan, to joint venture (JV) partner Star Diamond Corp, for shares in the Canadian...
Maiden resource estimate for Variscan’s San Jose
ASX-listed Variscan Mines has announced a maiden mineral resource estimate (MRE) of 1.1-million tonnes at 9% zinc and 1.2% lead at the San Jose mine, in northern Spain. The project is centred...
Westgold’s Big Bell set to ring true to its name
The Big Bell mine, near Cue, Western Australia, is set to get bigger, with Westgold Resources on Tuesday announcing board approval for an expansion project. The Big Bell mine cornerstones...
Fresh identify for Fortescue as it moves to go green
Australian mining powerhouse Fortescue has formally rebranded itself, transitioning from Fortescue Metals Group to a more streamlined identity: Fortescue. This change mirrors the company’s...
Horizonte makes big leadership changes, recruits Bélanger as COO
Nickel development company Horizonte Minerals on Monday announced major changes to its board of directors and senior leadership, with founder and CEO Jeremy Martin and CFO Simon Rettler resigning...
Vale port receives maiden voyage of vessel with wings to transport iron-ore
Charting a course to a greener future, diversified miner Vale’s Port of Tubarão, in Brazil, witnessed a historic moment on Wednesday, with the maiden voyage of the Berge Olympus. This Newcastlemax...
Queensland’s Coordinator General recommends Winchester South
Queensland’s Coordinator General has recommended the Winchester South metallurgical coal project to proceed, Whitehaven Coal said on Friday. The metallurgical coal project has been assessed to...
Uranium emerging from the wilderness – DevEx
The positive sentiment coursing back into the uranium industry is boding well for exploration company DevEx, which is drilling around an historical high-grade uranium mine in Australia, says...
Killi share trading resumes as potential acquisition fails
Gold, copper and rare earths explorer Killi Resources announced on Friday the resumption of share trading, citing the failure to reach agreement on commercial terms for a previously mentioned...
MinRes picks up iron-ore rights near Carina mine
Diversified mining company Mineral Resources (MinRes) is buying more rights near its Carina iron-ore mine in the Yilgarn Hub of Western Australia’s Goldfields, fellow ASX-listed Aurumin reported on...
Silver Lake sees opportunity for Sugar Zone ‘reset’
Australia-based gold mining firm Silver Lake Resources continues to believe in the potential of the Sugar Zone mine, in Ontario, Canada, says chairperson David Quinlivan. The company, which in...
Sibanye dives deeper into circular economy with $155-million deal
Multinational mining and metals processing group Sibanye-Stillwater on Thursday announced the acquisition of the Reldan Group of Companies, a US-based metals recycler. The acquisition, valued at...
Green River demonstration plant construction gets under way
Construction of the demonstration plant at the Green River lithium project, in Utah, is under way, ASX-listed Anson Resources reports. The demonstration plant, which is located on previously...
Labrador Gold exercises option to acquire Hopedale property
TSX-V-listed Labrador Gold has exercised its option to acquire 100% of the four licences covering 695 claims comprising the Hopedale property, in the Florence Lake greenstone belt. The project...
Meliadine extension project should not be allowed – Nunavut board
The extension project for the Meliadine mine, owned by Agnico Eagle, should not proceed, owing to the uncertainty of the potential for negative, lasting effects on caribou, the Nunavut Impact...
Cobalt Blue reports positive results from Flin Flon tailings tests
ASX-listed Cobalt Blue is reported positive results from the test work conducted on Hudbay Minerals’ Flin Flon tailings, in Manitoba. The companies previously announced a test work cooperation...
Metro hits record output at Queensland bauxite mine
The Bauxite Hills mine at Skardon River, in Queensland, has achieved a record production milestone of four-million tonnes, ASX-listed Metro Mining said on Thursday. The record production stands the...
Mithril launches strategic review as Newrange deal falls through
Australia-listed Mithril Resources said on Wednesday that it had initiated an immediate strategic review, after an agreement for a friendly business combination with Canada’s Newrange Gold was...
Eloise’s Lense 6 exceeding expectations, says AIC MD
The Lens 6 deposit at the Eloise mine, in Queensland, has exceeded all expectations since its discovery in September last year, and is expected to have a material impact on the copper project’s...
Australia's potential share of critical minerals investments worth A$20bn/y, report shows
To meet the temperature targets of the Paris Agreement necessitates not only the rapid and widespread deployment of clean energy technologies, but also a monumental scaling up of mineral...
Applications open for Qld critical minerals exploration grants
The latest round of Queensland’s Collaborative Exploration Initiative (CEI) grants programme to support explorers looking for the next critical mineral deposit has opened. The grants programme will...
Westgold adds additional A$100m firepower
Perth-headquartered Westgold Resources on Wednesday announced a new A$100-million revolving corporate facility, which it could use for general corporate purposes. MD Wayne Bramwell said in a...
Firebird plans manganese sulphate plant in China
Australian company Firebird Metals is considering building a battery grade manganese sulphate plant in China, which will be supplied with concentrate from its Oakover project, in Western...
Fortescue approves $750m in green projects
Australia-based Fortescue Metals has given the green light for $750-million in funding over three years directed towards two green energy projects and a green steel project. This heralds a new...
Magnum mulls fast start-up option at Buena Vista
ASX-listed Magnum Mining & Exploration is considering a fast start-up option for its Buena Vista iron project, in Nevada, US, which will deliver earlier cash flows based on accessing higher grade...
SolGold to reconstitute board, searches for new chairperson
Ecuador-focused SolGold has begun a search for a new chairperson of the board to succeed Liam Twigger, who will not seek re-election as a director at the upcoming annual general meeting (AGM) in...
Peninsula raises A$60m to fund US uranium mine restart
Australia-listed Peninsula Energy on Monday announced a A$60-million equity raise to fund the restart of production at the Lance mine, in Wyoming – one of the biggest near-term uranium development...
Rio Tinto backs Australian junior in search for lithium
The world’s second-biggest diversified miner Rio Tinto is throwing its weight behind Australian junior Charger Metals in its search for lithium in the Goldfields, a region that has been attracting...
WA puts A$60m on table for new energy investments
The Western Australian government has announced a A$134-million funding boost to reduce greenhouse gas emissions and drive job opportunities in clean energy industries. The funding package...
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