Nouveau Monde strikes supply deals with GM, Panasonic

Canadian miner Nouveau Monde Graphite (NMG) on Thursday announced an offtake agreement with General Motors (GM) and a commitment from the automotive giant to invest $150-million to support the... 

Kin Mining proposes merger with PNX Metals

Following the recently completed sale of certain gold deposits to Genesis Minerals, ASX-listed Kin Mining is well-funded with A$75-million in cash and liquid assets and is now looking for potential... 

Australia places nickel on critical minerals list

Australian Resources Minister Madeleine King has placed nickel on the critical minerals list, giving companies in the beleaguered industry an opportunity to access billions of dollars in government... 

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 on the cards as demand growth decelerates on the back of subdued EV sales

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... 

Kinross carrying 2023 momentum into 2024, CEO says

Canada-headquartered Kinross Gold had a “great year” in 2023, CEO Paul Rollinson said on Wednesday, reporting that the company had met its production, cost and capital guidance, as well as... 

BHP considers closing WA Nickel, flags impairments

Diversified mining major BHP is considering closing its Western Australia Nickel operations, amid the sharp fall in prices, the company announced on Thursday. BHP said it could place Nickel West... 

South32 board approves $2.16bn US zinc mine

The board of South32 has given the green light for the development of the Taylor polymetallic deposit – the first development at its regional-scale Hermosa project in the US state of Arizona. The... 

Chinese firm selected as preferred EPC partner for $30m Theta contract

Gold development company Theta Gold Mines has selected Yellow River Co (YRC), a subsidiary of Power Construction Corporation of China, for the construction of its TGME gold plant, tailings storage... 

New Gold to reach free cash flow inflection point this year, says CEO

Canadian gold miner New Gold has executed on its key priority of stabilising its operations and delivering consistent results throughout the year, CEO Patrick Godin said on Tuesday. “2023 was a... 

Hammer and Carnaby initiate merger talks

Exploration company Hammer Metals on Wednesday confirmed that it was in discussions regarding a potential merger with fellow ASX-listed Carnaby Resources. The discussions were at a “relatively... 

Evolution H1 profit dips, focus at Red Lake is to produce reliably

Australian gold miner Evolution Mining on Wednesday posted a 4% drop in half-year net profit to A$96.9-million, but underlying profit increased and the company declared its twenty-second... 

US coal miner Ramaco ups 2024 guidance

US-based metallurgical coal miner Ramaco Resources has raised its 2024 sales and production guidance, which it says reflects the strong market acceptance of the company's coal. The... 

Partnership positions Port Pirie as future green iron hub

As the global steel industry moves to decarbonise, iron-ore miner Magnetite Mines has partnered with Port Pirie to position the South Australian port as a future green iron production hub. Green... 

Horizon and Greenstone merge to create new WA gold miner

ASX-listed Horizon Minerals and Greenstone Resources on Tuesday announced a merger to create a new emerging gold producer in the Western Australia goldfields. Under the scheme of arrangement,... 

Glencore to close, sell unprofitable New Caledonia nickel mines

The Koniambo Nickel SAS (KNS), a joint venture (JV) between Société Minière du Sud Pacifique SA and Glencore in New Caledonia, will transition into care and maintenance, it was announced on Monday.... 

Stanmore swoops in on South32’s Eagle Downs

Coal miner Stanmore Resources on Monday announced that it would buy diversified mining firm South32’s 50% interest in the Eagle Downs metallurgical joint venture (JV) coal project, in Queensland.... 

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...