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Mariaan Webb is Creamer Media Senior Deputy Editor Online for Engineering News and Mining Weekly.
A$30m in commitments for Ora Banda’s Davyhurst
ASX-listed Ora Banda has received commitments for a A$30-million capital raise to advance its Davyhurt project, in Western Australia’s Eastern Goldfields region. The company received commitments...
C$134m gain in physical uranium pushes Denison to highest EPS in 17 years
Toronto- and New York-listed Denison Mines, which is advancing the Wheeler River project in the Athabasca basin, has reported its highest earnings a share since 2007. The company’s earnings a...
Peninsula seals uranium supply deal with European buyer
ASX-listed Peninsula Energy has announced a new sales agreement for the supply of 1.2-million pounds uranium yellowcake from its Lance projects, in Wyoming, to European nuclear fuel buyer Synatom....
Centaurus defers Brazil downstream refinery study
Amid a dramatic change in nickel market conditions over the past few months, Australia’s Centaurus Metals has deferred plans for a nickel sulphate refinery in Brazil and will instead focus on a...
Uranium surge to endure – 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...
Centrex secures A$10m for Ardmore mine
Phosphates and potash company Centrex on Thursday announced credit approval from National Australia Bank (NAB) for a A$10-million secured financing package designated for the Ardmore mine, in...
SSR retracts guidance for Çöpler, workers remain missing
Vancouver-based SSR Mining has retracted its previously issued 2024 and long-term guidance forecasts for the Çöpler mine, in Türkiye, following a significant slip on the heap leach pad earlier this...
Excess capacity to keep pressure on lithium prices, says SQM
New York- and Santiago-listed Sociedad Química y Minera de Chile (SQM) has posted a sharp drop in full-year earnings, despite lithium volumes reaching new record levels as spodumene concentrate...
Integra makes small, but strategic acquisition
Vancouver-headquartered Integra Resources has exercised an option to acquire 17 unpatented claims in the Rich Gulch area, which will provide the company with operational flexibility for future...
South32 exits coal with Australia’s Illawarra sale
Diversified mining company South32 on Thursday announced the $1.65-billion sale of its Illawarra assets, in Australia, marking the group’s exit from coal and aligning with a strategy that...
Trinex gains exposure to Canada’s Athabasca basin
Australia-based resources company Trinex Minerals has executed a binding letter of intent with TSX-V-listed ALX Resources to acquire an up to 75% interest in the Gibbons Creek uranium project, in...
Tanzania graphite project undeterred by shipping delays
Despite persistent and substantial shipping delays, commissioning of the Lindi Jumbo project – a new graphite mine in Tanzania – is progressing according to plan, Walkabout Resources MD And CEO...
Tasmanian miner plans to go underground at Savage River
Tasmanian miner Grange Resources is moving forward with execution planning and permitting for its A$891-million underground mine at its Savage River magnetite iron-ore operations south-west of...
SQM and Hancock’s bid for Azure gains competition law approvals
The A$1.7-billion joint bid by SQM and Hancock Prospecting for Australian lithium developer Azure Minerals has successfully secured all necessary approvals under competition law, it was announced...
Court victory for Sandfire’s Montana copper project
Copper developer Sandfire Resources America has been given the green light to proceed with the construction of its Black Butte project, after the Montana Supreme Court reversed a 2021 district...
Boss takes key growth step with completion of US acquisition
Australia’s Boss Energy has completed the acquisition of a 30% stake in the Alta Mesa in-situ recovery uranium project for $60-million in cash. The company acquired the interest in the project,...
Jervois shortlists locations for US cobalt refinery
Australia-based Jervois Gobal has identified two preferred locations for its bankable feasibility study (BFS) for a US-located cobalt refinery, with AFRY USA leading the initiative. The shortlisted...
Montage upsizes financing, makes leadership changes
Canadian precious metals explorer and developer Montage Gold on Friday announced an upsized private placement financing of C$35-million. The company, which is listed on the TSX-V, increased its...
Energy Fuels preparing two more US uranium mines for production
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...
AngloGold moves forward with studies for Nevada starter project
The board of multinational miner AngloGold Ashanti has given the green light for the North Bullfrog project’s feasibility study to progress into detailed engineering. This represents a crucial...
Perseus expresses interest in Newmont’s Ghana mine sale
Australian miner Perseus Mining will be interested in acquiring the Akyem mine, in Ghana, chairperson and CEO Jeff Quartermaine said on Friday. This follows Newmont’s announcement on Thursday of...
Newly merged Arcadium Lithium slows pace of expansion
NYSE- and ASX-listed Arcadium Lithium – the company formed from the merger of equals between Livent and Alkem – has flagged a slowdown in the pace of its expansion plans in light of the current...
Eldorado lifts capex estimate for Greece mining project
Canada-based Eldorado Gold has increased the capital expenditure (capex) estimate of the Skouries project, in Greece, to $920-million, but between the project finance facility and balance sheet,...
Newmont puts six mines, two projects on the block
Gold mining major Newmont will put up for sale six mines and two projects, optimising its portfolio to focus on ten tier-one assets that will produce 6.7-million gold ounces by 2028. The six mines...
Pilbara Minerals pauses dividend, cuts capex as it targets $200m in savings
Australia’s biggest pure-play lithium producer, Pilbara Minerals, has opted to withhold its interim dividend as the company moves to preserve its balance sheet strength in an environment of lower...
Record dividend for Northern Star as growth strategy delivers cash earnings boost
Australian gold miner Northern Star on Thursday declared a record interim dividend of 15c a share, complementing its A$300-million share buyback programme that remains open. Driven by higher gold...
Rio Tinto board approves Simandou investment
The board of Rio Tinto has given the nod to the Simandou iron-ore project, in Guinea, CEO Jakob Stausholm has revealed. The approval is contingent on meeting outstanding conditions, including...
Piedmont sells remaining Sayona stake
US-based lithium miner Piedmont Lithium on Wednesday announced that it would sell the rest of the shares it held in Australian miner Sayona Mining for A$59.9-million, or $39.4-million. The Nasdaq-...
Rio Tinto posts lower FY profit
Diversified mining major Rio Tinto CEO Jakob Stausholm on Wednesday reported “resilient” financial results for 2023, with free cash flow of $7.7-billion and underlying earnings of $11.8-billion....
Iluka confirms cost blowout at Australian rare earths refinery
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...
Early commissioning under way at Ascot’s Premier gold mine
Construction of the Premier gold project, in the prolific Golden Triangle of north-western British Columbia, is nearing completion and early commissioning is now under way. First ore delivery to...
First Quantum signs $500m copper deal with shareholder, says asset and stake sales progressing
Canada-headquartered First Quantum Minerals, which is facing a major challenge with the closure of its flagship Panama mine, is making progress with its balance sheet initiatives. These include,...
Kalium Lake’s sale to complete by mid-March
Defunct potash company Kalium Lakes said on Tuesday that its receivers expect the sale transaction with Reward Minerals to conclude by the middle of next month. In a statement to the ASX, Kalium...
Osino ditches Dundee for superior proposal from foreign suitor
Canada-based Osino Resources is walking away from a takeover by gold miner Dundee Precious Metals (DPM) and has instead opted to accept an offer from a foreign-based mining company. The...
BHP eyes 500 000 t/y of copper from South Australia
Diversified mining company BHP is advancing several avenues for copper growth, CEO Mike Henry said on Tuesday, highlighting the key role that its South Australian assets will play in the group’s...
Worst of inflationary wave over, says BHP CEO
Diversified mining group BHP CEO Mike Henry has expressed confidence in a more favourable economic outlook for 2024, declaring that the worst of the global inflationary wave is over. BHP, which on...
Administrators appointed for troubled Elmore
Restructuring pundit KordaMentha said on Monday that it had been appointed as receivers and managers of each of the companies that fall under the Elmore umbrella. Elmore is an ASX-listed contract...
Reward’s capital raise to buy Beyondie falls through
ASX-listed Reward Minerals has withdrawn a A$22.8-million rights issue, announced last month, to fund the acquisition of the Beyondie potash of sulphate (SOP) project, in Western Australia. The...
‘Five new Greens Creeks needed to meet silver demand from solar’
The relentless expansion of solar power installations is triggering a staggering surge in silver demand, which is outpacing production capacity, says US-based silver producer Hecla Mining CEO...
NewPeak sells Finland, NZ gold assets as it switches to battery metals
Australia-based NewPeak Metals has announced the sale of its Finland and New Zealand gold permits as part of the company’s strategic rejuvenation plan to focus on battery and critical metals. The...
Industry welcomes WA nickel royalty rebate as step in right direction
The announcement from the Western Australian government, to provide 50% royalty relief over 18 months, to nickel producers is welcome news to an industry under pressure, says the Association of...
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