BC critical minerals strategy missing competitive fiscal policy – MBAC

The Mining Association of British Columbia (MABC) has welcomed the release of the province’s new critical minerals strategy, but says it is missing a foundational element: competitive fiscal... 

South32 coal production falls sharply

Diversified mining company South32 on Monday reported a sharp drop in coal production, with metallurgical coal output slumping by 50% in the December quarter. The Illawarra mine, in Australia,... 

South32’s Colombia nickel mine faces strategic review amid market turbulence

The Cerro Matoso mine, in Colombia, a major ferronickel producer, is undergoing a strategic review in response to ongoing nickel market shifts that are putting pressure on prices. South32, the... 

Startup aims to transform WA from world’s mine into world’s foundry

Perth-headquartered Element Zero, a green materials platform company launched by former Fortescue executives, has raised $10-million in seed funding for its pioneering zero-carbon metal conversion... 

Premier Cook throws weight behind proposed cobalt/nickel refinery

Western Australia Premier Roger Cook has thrown his weight behind the proposed cobalt and nickel refinery that Cobalt Blue Holdings and its partner Iwatani Australia plan to build in the Kwinana... 

Magnum pursues main board US listing

Australia-based iron-ore firm Magnum Mining & Exploration has terminated its OTC-QB listing process and will instead pursue a listing on a major US stock exchange to advance its Buena Vista iron... 

Piedmont Lithium sells portion of Atlantic shares to Assore

US-based Piedmont Lithium has announced it will sell a portion of shares it holds in Aim-and ASX-listed Atlantic Lithium to Atlantic’s biggest shareholder, Assore International. The Nasdaq- and... 

Peabody secures $320m credit boost for enhanced focus on Australian coal

US-headquartered Peabody has closed a new $320-million senior revolving credit facility, enhancing its financial resiliency during the period of investment at its Centurion mine, in Queensland,... 

Rio says Simandou ‘cornerstone’ of its investment strategy as it earmarks $10bn/y capex from 2024 to 2026

Diversified major Rio Tinto has earmarked about $10-billion a year in capital investments from 2024 to 2026, with the cornerstone of its investment strategy over the next three years being its... 

BHP’s solid first half dimmed by metallurgical coal stumble

Diversified mining group BHP has had a “solid” operational first half, CEO Mike Henry said on Thursday, reporting higher six-month copper and energy coal production, but lower iron-ore and... 

BHP 'evaluating options' at Nickel West amid price slump

Diversified mining company BHP is “evaluating options” at its Nickel West mine, in Australia, to mitigate the impacts of the sharp fall in nickel prices, CEO Mike Henry said on Thursday. Nickel... 

Denison Mines sets its sight on ‘complementary mineral’ lithium

Canadian firm Denison Mines is strategically expanding its portfolio by venturing into a lithium project, a move characterised by CEO David Cates as a strategic addition that complements the... 

First Quantum pulls in horns after Panama setback

Canadian miner First Quantum is pulling in its horns after its misfortune in Panama, where the company has been ordered to permanently close its 300 000 t/y copper mine. The Toronto-listed miner... 

Coal miner fatality reported at Saraji, Queensland

Mining major BHP on Tuesday confirmed the death of a contractor employee in a vehicle incident at its Saraji mine, in Queensland’s Bowen Basin. In a brief statement conveying sympathy to the... 

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... 

First Quantum scales back Australia nickel production, explores smaller asset sales

Canada-headquartered First Quantum will scale back operations at its Ravensthorpe nickel mine, in Australia, as prices for the metal has tumbled amid an influx of new low-cost supply and weaker... 

Global Uranium sells Australia lithium asset

Australia-based Global Uranium on Monday announced the sale of its Lake Johnston lithium project, in Western Australia, to Intra Energy Corporation (IEC), as the company shifts its focus to... 

Uranium junior T92 expands in Athabasca basin, stock rockets

The share price of junior Terra Uranium (T92) rocketed 45% on the ASX on Monday, as the company announced that it has expanded its footprint in the Athabasca basin of Canada, at a time that the... 

Samsung SDI invests in Canada Nickel

Korean battery and electronics manufacturer Samsung SDI has made an $18.5-million investment in Canada Nickel, the owner of the Crawford nickel/cobalt project in the Timmins-Cochrane mining camp,... 

Syrah’s Louisiana AAM facility to start production before month-end

Australia-listed Syrah Resources has reported a slight delay in the production of active anode material (AAM) at its 11 250 t/y Vidalia facility, in Louisiana, but expects the plant to start... 

Administrators suspend Savannah nickel operations, 140 redundancies

The administrators of Panoramic Resources has announced the suspension of operations at the Savannah nickel project, in Western Australia, affecting 140 workers who will be made redundant over the... 

Giyani secures $16m for Botswana manganese project

Canada-headquartered Giyani Metals has secured $16-million in financing from South Africa’s Industrial Development Corporation (IDC) to advance its battery-grade manganese project in Botswana. The... 

Additional critical minerals stream doubles Toliara NPV

Mineral sands producer Base Resources is setting up its Toliara project, in Madagascar, as potentially one of the biggest and most cost-competitive sources of rare earth oxides globally by... 

Kin Mining sells gold deposits to Genesis

Western Australia-based Kin Mining will sell tenements hosting 610 000 oz that form part of the Cardinia gold project to midtier gold producer Genesis Minerals for A$53.5-million in cash and... 

Low nickel price claims Panoramic Resources

Australian nickel company Panoramic Resources went into voluntary administration on Thursday, having failed to secure funding or partnerships for the company or its Savannah nickel project in the... 

Osisko Gold Royalties sells Osisko Mining shares for C$132m

Dual-listed Osisko Gold Royalties has sold its entire equity position in Osisko Mining for C$132-million, the company announced on Wednesday. The sale not only reaffirmed Osisko’s commitment to... 

IGO warns of job losses at Cosmos, further impairments

Base metals firm IGO has halted construction of the mechanised materials handling system at the Cosmos project and, instead, will transition to an ore trucking operation, the company reported on... 

Arizona Lithium hikes Prairie resource, PFS set for this month

ASX-listed Arizona Lithium on Wednesday announced a major upgrade in the total resource of its Prairie lithium project, in Saskatchewan. The project’s lithium carbonate equivalent (LCE) resources... 

Growing tax toll on resources a concern for new investors – QRC

The Queensland Resources Council (QRC) has urged Queensland government to ensure the ongoing competitiveness of the state’s resources industry, warning that new investment will go elsewhere.... 

Flanagan to head Australian junior hunting for Simandou riches

Australian junior Arrow Minerals has announced a recapitalisation and board restructure, which is aimed at unlocking the potentially significant value of its Simandou North iron-ore project in... 

Economics for Spain refinery and smelter continue to worsen, says Alcoa

US-based Alcoa will be meeting with representatives of the national and regional authorities in Spain this week to discuss financial losses at the San Ciprian complex, which consists of an alumina... 

Charger to draw down Rio Tinto funding

Lithium junior Charger Metals is expecting to receive A$1.2-million from Rio Tinto Exploration this week under a farm-in agreement for its Lake Johnston lithium project, in the Yilgarn of Western... 

Dundee reports maiden resource for Serbia project

Toronto-listed Dundee Precious Metals has announced a maiden mineral resource estimate (MRE) of 1.78-million ounces for its Čoka Rakita gold project in eastern Serbia, where it made a high-grade... 

Solaris arranges $80m funding package for Ecuador project

Toronto-listed Solaris Resources has arranged a financing package of $80-million for the advancement of the Warintza project, in Ecuador. The company entered into definitive agreements with Orion... 

GT1 raises A$14.6m for Canada lithium project

Australia-listed Green Technology Metals (GT1) has successfully raised A$14.6-million, or C$13-million, using the “flow-through shares” provision under Canadian tax laws. The company issued... 

Sprott, HanETF launch copper miners ETF focused on lower carbon footprint

HanETF and Sprott Asset Management have launched an exchange-traded fund in Europe that tracks copper miners with a lower carbon footprint, in what will be their third fund to be unveiled together... 

Another WA potash hopeful folds

Australian Potash, which owns Lake Wells sulphate of potash (LSOP) development in Western Australia, has succumbed to financial challenges, leading to the company being placed in the hands of... 

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... 

Boss completes A$205m placement

Boss Energy, which is buying a stake in the Alta Mesa project in the US, has completed its bookbuild to raise A$205-million through a single tranche placement of new fully paid ordinary shares.... 

Green Technology targets FID for Ontario lithium project in 2024

Canada-focused lithium company Green Technology Metals (GT1) has progressed its Seymour mine development, in Ontario, to a definitive feasibility study (DFS), targeting a financial investment...