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North America

The Venetia underground mine
De Beers assessing options to lower production amid high midstream inventory levels
24th October 2024 By: Chanel de Bruyn

Diamond miner De Beers maintains its full-year production guidance at between 23-million and 26-million carats, but says it is actively assessing options with its partners to reduce production... 


Quebrada Blanca
Teck Resources Q3 profit beats estimates on higher copper production
24th October 2024 By: Reuters

Canadian miner Teck Resources beat third-quarter profit estimates on Thursday, helped by higher production of copper at its Quebrada Blanca (QB) mine. The company reported an adjusted profit of... 


Harmony Gold's Kareerand tailings operation.
Harmony delivers gold recovery project with 30% of building work going to locals
23rd October 2024 By: Martin Creamer

With the streaming agreement between Franco-Nevada and Mine Waste Solutions (MWS) over, Harmony Gold will from now on benefit fully from the soaring gold price that is coinciding with the delivery... 


Fresnillo confidently approaches final quarter amid steady production
Fresnillo confidently approaches final quarter amid steady production
23rd October 2024 By: Mariaan Webb

Fresnillo, the world’s biggest primary silver producer, is entering the final quarter with confidence, maintaining its full-year production guidance set earlier this year. The London-listed miner,... 


Freeport asks Indonesia for copper export extension due to fire
Freeport asks Indonesia for copper export extension due to fire
23rd October 2024 By: Bloomberg

Freeport-McMoRan is in talks with the Indonesian government to extend its licenses to export copper concentrate because a fire has disrupted the company’s smelter operations in the Southeast Asian... 


IsoEnergy and Purepoint form Athabasca Basin exploration JV
23rd October 2024 By: Creamer Media Reporter

Toronto-listed IsoEnergy has announced the formation of a joint venture (JV) with TSX-V-listed Purepoint Uranium to explore in the Athabasca basin of Saskatchewan. Both companies will contribute... 


First Quantum names Jiangxi’s Xia to board after standstill deal
23rd October 2024 By: Bloomberg

First Quantum Minerals appointed Jiangxi Copper Co’s Hanjun Xia to its board of directors after reaching a standstill agreement with its second-largest shareholder earlier this year. The Canadian... 


Dam disaster deal should curb lawsuits against Vale and BHP, sources say
Dam disaster deal should curb lawsuits against Vale and BHP, sources say
23rd October 2024 By: Reuters

An agreement by Vale, BHP and their joint venture Samarco to pay 170-billion reais ($29.85-billion) in compensation for a deadly dam collapse in Brazil could end more than a hundred lawsuits... 


Freeport's Grasberg mine
Freeport-McMoRan sees data centers boosting copper demand, beats Q3 results estimates
23rd October 2024 By: Reuters

Freeport-McMoRan said on Tuesday that demand for copper is expected to increase with more data centers being built, and the miner reported a better-than-expected quarterly profit as higher prices... 


Elliott sees more upside at Suncor, almost doubles stake to nearly $3bn
Elliott sees more upside at Suncor, almost doubles stake to nearly $3bn
23rd October 2024 By: Reuters

Two years after first pressing for changes at Canada's Suncor Energy, Elliott Investment Management is so convinced that ongoing improvements will yield a higher share price that it has nearly... 


US Secretary of Energy Jennifer Granholm
US allocates $430m for clean energy revival in former coal communities
22nd October 2024 By: Mariaan Webb

The US Department of Energy (DoE) on Tuesday announced an investment of $428-million in grants aimed at supporting clean energy manufacturing across 15 coal-affected communities. The initiative... 


Former Gullick South Africa Technical Manager Terry Hamilton (right) interviewed by Mining Weekly's Martin Creamer.
Water power is there for the taking in many underground mines
22nd October 2024 By: Martin Creamer

Water power is there for the taking across a broad spectrum of many of South Africa’s hard-rock underground mines. At a time of high electricity prices, the availability of cooling reservoirs at... 


An image of the K.Hill Battery-Grade manganese project
Commissioning on K.Hill demo plant starts – Giyani
22nd October 2024 By: Tasneem Bulbulia

TSX-listed Giyani Metals, which is developing the K.Hill Battery-Grade manganese project, in Botswana, says the demo plant being manufactured in Johannesburg, South Africa, is now in the... 


Freeport-McMoRan's third-quarter profit beats on higher copper prices
Freeport-McMoRan's third-quarter profit beats on higher copper prices
22nd October 2024 By: Reuters

Miner Freeport-McMoRan reported a third-quarter profit on Tuesday that beat analysts' estimates, helped by higher copper prices. Average copper prices rose in the third quarter on signs of better... 


Iron-ore retreats as mounting concerns on weakening steel demand weigh
Iron-ore retreats as mounting concerns on weakening steel demand weigh
22nd October 2024 By: Reuters

Prices of iron-ore futures fell on Tuesday, weighed down by concerns that demand for the key steelmaking raw material will slide, with steel demand in top consumer China showing signs of... 


Northern accelerates LDI mill maintenance to boost output
Northern accelerates LDI mill maintenance to boost output
22nd October 2024 By: Creamer Media Reporter

Graphite flake producer Northern Graphite has brought forward mill maintenance and repairs at its Lac des Iles (LDI) operation, in Quebec, to accelerate throughput expansions in the face of rising... 


Florence copper project 40% complete, reports Taseko Mines
Florence copper project 40% complete, reports Taseko Mines
22nd October 2024 By: Mariaan Webb

The Florence copper project is advancing on schedule and is now about 40% complete, keeping on track for first production in about a year’s time. In an update on Monday, CEO Stuart McDonald said... 


Rio2 secures $150m for new Chile gold mine construction
Rio2 secures $150m for new Chile gold mine construction
22nd October 2024 By: Mariaan Webb

Canada-headquartered Rio2 is set to advance the development of Chile’s next gold mine with a secured $150-million construction financing package. The financing includes $120-million from Wheaton... 


Citi stays bullish on gold, hikes price 3-month outlook to $2 800/oz
Citi stays bullish on gold, hikes price 3-month outlook to $2 800/oz
22nd October 2024 By: Reuters

Citi Research raised its three-month forecast for gold prices, citing possible further US labour market deterioration, interest rate cuts by the Federal Reserve, and physical and ETF buying, it... 


Pan African’s latest R2.5-billion Mogale gold tailing retreatment operation on the West Rand.
Pan African lists new instrument under JSE’s sustainability segment
21st October 2024 By: Martin Creamer

Gold producer Pan African Resources on Monday announced the listing of a sustainability-linked instrument under the sustainability segment of the JSE. Following an oversubscribed bookbuild, Pan... 


Calibre’s Valentine project’s costs rise, FY guidance downgraded
Calibre’s Valentine project’s costs rise, FY guidance downgraded
21st October 2024 By: Mariaan Webb

Construction of the multi-million-ounce Valentine gold mine, in Newfoundland and Labrador, is progressing well, reaching nearly 81% completion by the end of last month, TSX-listed Calibre Mining... 


Steel products stored in a warehouse
China’s steel demand has shrunk to less than half global total
21st October 2024 By: Bloomberg

China will account for less than half of global steel consumption in 2024 for the first time in six years, according to the World Steel Association, as the decline in the country’s real estate... 


West Red Lake upsizes placement
21st October 2024 By: Creamer Media Reporter

Canadian gold company West Red Lake on Friday announced it would increase the size of its previously announced bought-deal financing from C$20-million to C$25-million. The TSX-V-listed firm would... 


Endeavour CEO Ian Cockerill
Endeavour Mining targets 200 000 oz/y of gold from Côte d'Ivoire mine
21st October 2024 By: Reuters

London-listed Endeavour Mining said on Saturday it had a goal of producing about 200 000 ounces of gold per year from 2025 from its second gold mine in Côte d'Ivoire. Lafigue Mine, inaugurated on... 


Newmont’s Peñasquito signs labour agreement
21st October 2024 By: Creamer Media Reporter

Gold miner Newmont announced on Friday that its Mexico subsidiary, Newmont Peñasquito, had signed a new collective bargain agreement (CBA) with the National Union of Mining, Metallurgical, Steel,... 


Graphite One lines up potential $325m Exim loan
Graphite One lines up potential $325m Exim loan
21st October 2024 By: Creamer Media Reporter

North America-focused Graphite One has received non-binding letter of interest from the Export-Import Bank of the United States (Exim) for potential debt financing of up to $325-million to fund a... 


BME MD Ralf Hennecke
Omnia Holdings offering broader value proposition through BME mining segment
21st October 2024 By: Martin Creamer

Leading mine blasting solutions provider BME today announced a new alignment with Protea Mining Chemicals, which provides one point of contact for two solutions through the BME brand. In this... 


AuMEGA plans $10m private placement
18th October 2024 By: Creamer Media Reporter

Canada-focused AuMEGA Metals (formerly Matador Mining) said on Friday that it was in the process of arranging a private placement of $10-million. The ASX- and TSX-listed company would use the... 


komati power station with solar panels in front
German energy expert says energy transition a mistake
18th October 2024 By: Darren Parker

The energy transition in its current form, as a grid-scale build out of wind and solar with the goal to replace oil, coal, and gas, is probably one of the greatest mistakes that humanity has ever... 


US awards contracts for making higher enriched uranium for new reactors
18th October 2024 By: Reuters

The US rolled out initial contracts to four companies hoping to produce a new, more highly enriched uranium fuel for an expected wave of high-tech reactors, the US Energy Department said on... 


UEC expands production capacity at Wyoming plant
UEC expands production capacity at Wyoming plant
18th October 2024 By: Mariaan Webb

US-based Uranium Energy Corp (UEC) has received approval from the Wyoming Department of Environmental Quality to increase the licensed production capacity at its Irigaray central processing plant... 


Madsen restart on track for 2025 as West Red Lake shores up C$68m
Madsen restart on track for 2025 as West Red Lake shores up C$68m
18th October 2024 By: Mariaan Webb

The Madsen gold mine, in Ontario, is set for a 2025 restart as owner West Red Lake has secured financing to recommence production. The TSX-V-listed company has secured commitments totalling more... 


The Kiena Gold Complex
Wesdome Gold gaining momentum
18th October 2024 By: Creamer Media Reporter

Canadian miner Wesdome Gold is on track to achieve the midpoint of its guidance of 160 000 oz to 180 000 oz, thanks to increasing operational momentum. The company on Thursday reported a strong... 


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