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Mariaan Webb is Creamer Media Senior Deputy Editor Online for Engineering News and Mining Weekly.
Copper miner MAC’s IPO upsized to A$325m
Metals Acquisition Limited (MAC), which operates a New South Wales copper mine previously owned by Glencore, has upsized its initial public offering (IPO) to A$325-million. The offer is being...
New Gold eyes strong production growth, lower costs
Canada-based miner New Gold is forecasting higher production and lower costs over the next three years, driving significant free cash flow for the company. The TSX- and NYSE American-listed firm...
Uranium is having more than a momentary surge, says Cameco CEO
The current bullish trend in the uranium market is not just a fleeting moment, uranium major Cameco CEO Tim Gitzel declared on Thursday, stating that the market is driven by global-scale factors...
Australian iron-ore giants partner on steel decarbonisation
Australia’s two biggest iron-ore producers and its biggest steelmaker have announced a partnership to accelerate the decarbonisation of steelmaking by agreeing to jointly investigate the...
Langer Heinrich restart faces minor delay, costs tweaked
After more than six years of care-and-maintenance, the Langer Heinrich uranium mine, in Namibia, has restarted production activities and while Paladin Energy continues to target first commercial...
Barrick speeds up Zambia copper mine expansion
The Lumwana copper mine’s Super Pit expansion project has been accelerated with initial production now scheduled for 2028, Barrick president and CEO Mark Bristow said on Tuesday. The project will...
BMG acquires option over niobium/REE project
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...
Qld approves Winchester South draft EA – Whitehaven
Coal miner Whitehaven on Thursday welcomed the decision by Queensland Environment, Science and Innovation to approve the Winchester South coal mine draft environmental authority (EA). The approval...
New Hope takes up bulk of Malabar’s A$160m raising
Coal miner New Hope committed to take up A$105-million of a minimum A$160-million institutional placement equity raising launched by coal junior Malabar Resources on Wednesday. The investment will...
Avebury nickel mine goes into care-and-maintenance
The receivers and managers of the Mallee Resources group of companies on Wednesday announced that the Avebury nickel mine, in Tasmania, will transition into a care-and-maintenance programme....
Optimisation study yields strong support for Globe’s Malawi niobium project
Australia-listed Globe Metals and Mining has achieved significantly improved economic and environmental outcomes from its Kanyika niobium project, in Malawi, through an optimisation study that...
Piedmont lays off 27% of staff as lithium prices fall sharply
US-based Piedmont Lithium, which has a joint venture (JV) operation in Canada and a lithium project in Ghana, has laid off 27% of its work force in a bid to curb operating expenses amid a sharp...
De Grey takes option on Pilbara gold project
Western Australian gold explorer and project development company De Grey Mining has signed an exclusive option agreement with fellow ASX-listed Kalamazoo Resources to acquire the Ashburton gold...
Fission raises C$75m for PLS uranium project
Kelowna-headquartered uranium exploration and development company Fission on Monday announced a C$75-million bought-deal financing to fund work at the PLS project, in the Athabasca basin....
NextSource revises Molo timeline, full production targeted for July
Battery metals development company NextSource expects to achieve nameplate capacity of 17 000 t/y at its Molo graphite mine by July, the Toronto-based miner said on Monday. The mine, in southern...
Bloom Lake unionised workers vote for strike mandate
Unionised employees at the Bloom Lake mine, in Canada, have rejected Champion Iron’s proposed terms towards a new collective bargaining agreement (CBA) and voted in favour of a strike action...
Lincoln accelerates study for South Australia graphite project
ASX-listed Lincoln Minerals has accelerated its plan to update the 35 000 t/y concentrate feasibility study for its Kookaburra Gully Graphite Project (KGGP), as the company looks set to achieve its...
Prairie drilling contractor appointed
ASX-listed Arizona Lithium has appointed Calgary-based Rhythm Engineering as drilling contractor for the Prairie lithium project, in Saskatchewan, Canada. MD Paul Lloyd says Arizona was impressed...
Emeco exits underground contracting
ASX-listed Emeco on Monday announced the completion of the sale of key underground mining contracts and assets to fellow-listed Macmahon Holdings. The company announced in December that it would...
OceanaGold files for Philippines unit’s IPO
OceanaGold Philippines (OGPI), a subsidiary of Vancouver-based OceanaGold, has filed a preliminary prospectus with the Philippine Securities and Exchange Commission to raise up to 7.9-billion pesos...
Biden’s natural gas export project freeze is a 'mistake', Exxon CFO says
The Biden administration’s decision to halt new natural gas-export licences is a “mistake” that will slow efforts to reduce climate-damaging emissions, according to Exxon Mobil. “Reducing...
Former NT Minister quits Fortescue
Former Northern Territory chief Minister Michael Gunner has resigned from Fortescue Future Industries (FFI), citing personal reasons. Announcing his decision, Gunner said that working for the...
Capstone Copper to raise C$375m in bought deal
Americas-focused Capstone Copper on Thursday announced a C$375-million bought deal to raise cash for its near-term growth initiatives in Chile. Capstone and affiliates of Orion Mine Finance have...
Miners appeal to Canada to declare silver a critical mineral
Executives from Canadian and international silver mining producers operating in the country have appealed to government to recognise silver as a critical mineral. In a letter addressed to Energy...
Lithium project delays, more M&A on the cards as market transitions – Wood Mac
The lithium market is entering a period of transition, with the once-unstoppable demand growth for the key battery material now decelerating as the market matures and electric vehicle (EV) sales...
Blackstone executives volunteer to reduce cash-based salaries
ASX-listed Blackstone Minerals, which is developing an integrated battery metals processing business in Vietnam to produce nickel/cobalt/manganese precursor products, has announced cost-cutting...
BCI launches A$315m equity raising
Australia-based resources company BCI Minerals on Thursday announced a A$315-million fully underwritten equity raising to complete the total funding package required to enable the Mardie project,...
Bannerman shuffles deck ahead of Etango development
As Bannerman Energy approaches the targeted construction and long-term operation of its uranium mine at Etango, Namibia, the company has announced changes to its key executive roles from Marh this...
First product from Syrah’s US anode plant imminent
The 11 250 t/y active anode material (AAM) facility that graphite miner Syrah Resources is building in the US is about to produce its first finished product. The company, which owns the Balama...
IGO halts Cosmos nickel project
Australian miner IGO will transition the Cosmos nickel project, in Western Australia, into care-and-maintenance, the company announced on Wednesday. Since initiating a review of Cosmos in...
Artemis contemplates accelerating Blackwater Phase 2
With Phase 1 of the Blackwater project crossing the halfway mark, TSX-V-listed Artemis Gold is considering bringing forward the Phase 2 expansion of the mine in central British Columbia. The...
Canadian miner greenlights $470m project for low-carbon steel feedstock
Canadian iron-ore mining company Champion Iron on Tuesday announced a final investment decision (FID) for its direct reduction pellet feed (DRPF) project at the Bloom Lake iron-ore complex, in...
Jericho shaping up to be one of Australia’s most exciting copper project, says AIC Mines
Gold and copper miner AIC Mines has significantly increased the mineral resources of its Jericho deposit, setting the stage to transform the Eloise copper mine into a cornerstone asset. The mineral...
A$300m IPO planned for Australian copper mine
Metals Acquisition Limited (MAC) is set to open a A$300-million initial public offering (IPO) next week to raise funds for the revival of the CSA copper mine, in New South Wales. NYSE-listed MAC...
Novagold and Barrick diverge on next steps for Donlin
The joint owners of the Donlin project – Novagold and Barrick Gold – have yet to reach consensus on the path forward for the Alaska project, it was revealed on Thursday. The December Donlin board...
Rio Tinto sees gradual recovery in China’s economy in 2024
Diversified mining major Rio Tinto expects stimulus measures implemented by China to catalyse a slow but steady recovery of the world’s second-biggest economy in 2024, providing reinforcement to...
Sayona announces redundancies as it initiates NAL review
Lithium producer Sayona Mining has announced an operational review of its North American Lithium (NAL) operation in Quebec, Canada, to optimise its cost structure in response to “rapidly changing”...
Brinsden becomes Patriot CEO, moves to Quebec
Hard-rock lithium exploration company Patriot Battery Metals is bolstering its leadership presence in Quebec with a decision to move highly experienced mining executive Ken Brinsden from Australia...
Langer Heinrich restart faces minor delay, costs tweaked
After more than six years of care-and-maintenance, the Langer Heinrich uranium mine, in Namibia, has restarted production activities and while Paladin Energy continues to target first commercial...
Northern Star maintains FY24 guidance
Gold mining company Northern Star said on Wednesday that it remained on track to deliver its guidance of 1.6-million to 1.75-million ounces of gold for the 2024 financial year. Production will be...
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