London-listed rare earths project developer Pensana, through its 84%-owned subsidiary Ozango Minerais, which owns 100% of the Longonjo project, in Angola,  has concluded a nonbinding term sheet with the Longonjo lender consortium for a project finance debt facility of up to $156-million.. The... 

South Africa’s rare earths project in Limpopo has received a distinctly possible lifespan boost to more than 16 years following an updated bulk density calculation, which has enlarged the likely Phalaborwa resource tonnage to 35.1-million tonnes, an increase of 16%. “The improvement in the... 

In anticipation of continued strength in uranium markets, US-based Energy Fuels is preparing two more mines in Colorado and Wyoming for production and is readying for exploration drilling to increase resources. This follows hot on the heels of the company starting production in late 2023 at... 

Canadian miner Teck Resources plans to close the sale of its steel-making coal unit to Glencore no later than the third quarter of 2024, CEO Jonathan Price told Reuters in an interview on Thursday. Teck, one of the leading producers of steel-making coal, last year announced the sale of the... 

The ongoing shift from traditional coal mining to sustainably mined coal in 2024 and beyond will “witness remarkable advancements” in new coal mining methods, driven by innovative technologies and evolving industry practices, says coal procurement, mining project development and services company... 

Iluka Resources confirmed a major cost overrun at its refinery on February 21. 

Critical minerals company Iluka Resources on Wednesday confirmed a major cost overrun at its Eneabba rare earths refinery, stating that the project would cost between A$1.7-billion and A$1.8-billion. This is at the top-end of the A$1.5-billion to A$1.8-billion guidance range provided in... 

A final investment decision is targeted by June 2024. 

Hindalco Industries is bidding for critical minerals exploration sites being auctioned by India, as the metals producer owned by billionaire Kumar Mangalam Birla seeks to build its portfolio of materials required for the world’s green-energy transition. India began the process late last year to... 

The International Energy Agency (IEA) is launching a programme to secure the supply of minerals critical to energy security, as demand rises fast while manufacturing remains in the hands of a few key producers, its executive director said on Tuesday. Fatih Birol said the production of electric... 

Canada plans to boost its energy security by slashing the time it takes to develop new critical mineral mines by nearly a decade with improved permitting processes, Energy Minister Jonathan Wilkinson told Reuters on Tuesday. Ottawa is focused on six critical minerals key to making electric... 

Australia-based Valor Resources, which will reposition as Thunderbird Resources over the next few months, has acquired a low-cost option over a portfolio of highly prospective lithium projects in Canada. The company in December announced the exclusive option agreement with Pegmatite One Lithium... 

Aim-listed Katoro Gold, which holds mining assets in Africa, has secured new financing and is implementing business and development changes, along with board changes, to reinvigorate the company. Financing was by way of a broker-led placing and subscription with new and existing shareholders to... 

Rare earth element (REE) company Medallion Resources is rebranding as Gabo Mining and will start trading on the TSX-V under the symbol ‘GAB’ on February 14. The company, which has developed a proprietary process to extract REEs from monazite, will be consolidating its common shares on the basis... 

Uranium exploration company Skyharbour Resources has acquired several new prospective uranium exploration claims through online staking and through an agreement with exploration and project generating company Eagle Plains Resources, contributing to Skyharbour’s large property portfolio. These... 

Rainbow Rare Earths has made progress with the ongoing rare-earth oxides separation work under way at the back-end pilot plant at the facilities of its technical partner K-Technologies, in the US. 

Pensana’s major potential customers have approved the product qualification specifications for Longonjo’s proposed mixed rare-earth carbonate product. 

ASX-listed BMG Resources has acquired an exclusive option for a 90% interest in three exploration licences located in a region of Western Austarlia where niobium and rare earth element (REE) tenure is highly sought after. The tenements under option – to be called BMG’s Dragon niobium-REE project... 

London-listed rare earths project developer Pensana has announced that one of its major potential customers has approved the product qualification specifications for proposed mixed rare earth carbonate (MREC) product from the Longonjo project, in Angola. Longonjo is expected to produce 20 000... 

Mining services company Bora Mining Services (BMS) has acquired a share in the Steenkampskraal monazite mine, in the Western Cape, for an undisclosed sum as a strategic partner.  The partnership has enabled the start of activities to bring the mine into production. BMS is providing the capital,...