Ganfeng, Lithium Argentina in $1.8B project merger
The partners aim to produce up to 150,000 tonnes per year of lithium carbonate equivalent (LCE) in three phases of 50,000 tonnes each.
Articles by Cecilia Jamasmie
Antofagasta posts biggest profit margins since 2021
The Chilean miner attributed the gains to an 11% increase in copper output, lower cash costs, and higher prices for copper and gold.
Hudbay soars on 30% Mitsubishi deal for Copper World
Hudbay Minerals’ (TSX, NYSE: HBM) shares skyrocketed to their highest level in more than a decade after it reached a $600-million (C$826.1-million) deal with Mitsubishi that hands the Japanese conglomerate…
De Beers strikes first kimberlite find in 30 years
De Beers and its state-owned joint venture partner in Angola, Endiama, have discovered a new kimberlite field, the diamond giant’s first such discovery in three decades. The world’s largest diamond…
Barrick seeks $3.5B financing for Pakistan copper mine
Barrick Mining (NYSE: B; TSX: ABX) aims to secure up to $3.5 billion in financing from the United States and other international lenders to build its massive Reko Diq copper-gold…
ASX seeks answers after Greatland cuts gold output
Greatland Resources (ASX: GGP) is facing questions from the Australian Securities Exchange over why it slashed production and cost targets just weeks after its debut on the bourse. The Western…
Barrick sells Chile gold project to Boroo for $50M
Barrick Mining (NYSE:B; TSX:ABX) is selling its Alturas gold project in Chile to a Singapore-based unit of Boroo for $50 million (C$69 million) in cash, plus a 0.5% net smelter…
Richest lithium mystery solved
Australian researchers have upended decades of geological theory and could redefine how and where lithium is explored globally to feed demand for electric vehicle batteries. The breakthrough, led by Curtin…
Rio Tinto OKs $180M expansion at Amrun bauxite mine
Rio Tinto (ASX, LSE: RIO) has approved a $180-million investment in the Norman Creek bauxite project on Queensland’s Cape York Peninsula, aiming to unlock nearly half of the 978 million…
Glencore says DRC cobalt stockpile has ‘no impact’
Glencore (LSE: GLEN), the world’s second-largest cobalt producer, says its growing stockpile of unsold cobalt won’t materially affect the company as it contends with export restrictions in the Democratic Republic…
US courts Cook Islands for deep-sea mining
The United States has begun talks with the Cook Islands for research on seabed mineral exploration and development, just months after the South Pacific nation inked cooperation pacts with China that…
First Quantum scores $1B Royal Gold streaming deal
Canadian miner First Quantum Minerals (TSX: FM) has secured a $1-billion (C$1.38 billion) gold streaming deal with a subsidiary of Royal Gold (Nasdaq: RGLD), the companies announced Tuesday. The agreement…