MP Materials soars on $500M from Apple
Pentagon-backed MP Materials (NYSE: MP), the United States’ only producer of rare earth elements, has struck a $500-million deal with tech giant Apple (Nasdaq: AAPL) to secure domestic supplies for…
Articles by Cecilia Jamasmie
Fighter jet maker dives back into seabed mining
Lockheed Martin (NYSE: LMT) is back in the deep-sea mining game, holding talks with several mining companies about partnerships to access its long-held seabed licences in the Pacific Ocean. The…
Barrick hit again as Mali helicopters take $117M in gold
Mali’s military government has seized over $117 million worth of gold from Barrick’s (TSX: ABX; NYSE: B) Loulo-Gounkoto mine, days after junta leader Colonel Assimi Goïta signed a law allowing…
Global mining deaths rise for second straight year
Fatalities in the global mining industry rose for a second consecutive year in 2024, the International Council on Mining and Metals (ICMM) said in its latest annual safety report. ICMM’s…
MP Materials lands $400M Pentagon deal
MP Materials (NYSE: MP) has entered a major public-private partnership with the U.S. Department of Defense (DoD) to build a domestic supply chain for rare earth magnets, reducing America’s reliance…
Copper price hits record high on Trump tariff plan
Copper prices jumped by double digits on Tuesday after U.S. President Donald Trump announced plans to implement a 50% tariff on the industrial metal. Click on chart for Live Prices “I…
Capstone wins key permit to expand Mantoverde
Capstone Copper (TSX: CS; ASX: CSC) has secured environmental approval from authorities in Chile’s Atacama region for its $150-million Mantoverde Optimized (MV-O) project. The green light extends the mine’s life…
Royal Gold to buy Sandstorm, Horizon for $3.7B
Royal Gold (Nasdaq: RGLD) is acquiring Canadian streaming and royalty firms Sandstorm Gold (TSX: SSL; NYSE: SAND) and Horizon Copper (TSXV: HCU) in deals worth a combined $3.7 billion (C$5.04…
China’s mining investment sets new record
China’s overseas mining investment has soared to its highest level in over a decade, driven by Beijing’s push to secure critical raw materials amid rising geopolitical tensions. There were 10…
Kinterra scores win in New World Copper takeover bid
Australia’s Takeovers Panel has blocked New World from issuing shares to CAML, giving Kinterra time to contest the deal.
Greenland grants 30-year permit to moly mine
Greenland Resources (Cboe CA: MOLY; FSE: M0LY) has secured a 30-year permit for its Malmbjerg molybdenum project, a major development backed by the European Union. The open-pit mine is expected…
Glencore urges Aus support to save Mount Isa smelter
Glencore (LSE: GLEN) has declared its Mount Isa copper smelter unviable and is awaiting a response from Australia’s federal and Queensland’s governments regarding requests for financial assistance to keep the…