Glencore scraps US$1.3B Australian coal project
Miner and commodities giant Glencore (LSE: GLEN) has shelved plans for a giant A$2 billion (US$1.3 billion) coal mine in Australia’s Queensland state, which would have become one of the…
Articles by Cecilia Jamasmie
Mosaic cuts back production at Colonsay potash mine
US fertilizer producer Mosaic (NYSE: MOS) has temporarily cut production at its Colonsay potash mine in Saskatchewan, Canada, due to slower-than-expected demand. Prior to the curtailment, Colonsay had been operating at…
Glencore pays US$180M to Congo after admitting corruption
Miner and commodities giant Glencore (LSE: GLEN) said on Monday it will pay the government of the Democratic Republic of the Congo US$180 million to settle all alleged corruption claims…
Sigma Lithium secures US$100M for Brazil mine expansion
Sigma Lithium (TSXV: SGML; NASDAQ: SGML) has secured up to US$100 million from shareholder Synergy Capital to build the initial phase of a US$155-million expansion at its Grota do Cirilo…
Colombian president calls for mining code reform to favour small-scale ‘traditional’ operations
Colombian President Gustavo Petro proposed over the weekend a new reform to the country’s mining code, which was initially issued in 2001. During a town hall held in the town…
Gold Royalty sells mineral rights on 12 assets, keeps royalties
Gold Royalty Corp. (NYSE: GROY) has agreed to sell mineral rights and interests on 12 prospective properties in Quebec and Ontario to junior miner Val-d’Or Mining (TSX: VZZ). The Vancouver-based…
Volkswagen kicks off search for battery cell plant sites in Canada
Volkswagen AG has begun searching for a site in Canada to build its first battery cell factory in North America, a part of the German carmaker’s planned expansion of its electric vehicle…
Brazil to let private sector mine for uranium
Brazil’s lower house has approved a constitutional reform that authorizes the private sector to enter the uranium sector, which is currently the exclusive responsibility of state-run Indústrias Nucleares do Brasil (INB)….
Canada approves Marathon palladium mine environmental plan
The federal government has approved Generation Mining’s (TSX: GENM) Marathon palladium-copper project’s environmental assessment, as part of a country-wide strategy that seeks to boost production of metals and minerals considered…
Fate of Barrick’s US$7B project in Pakistan to be decided next week
Barrick Gold (NYSE: GOLD; TSX: ABX) will hear next week whether it can proceed with its US$7-billion Reko Diq copper-gold project in Pakistan, close to the borders of Iran and…
Petra Diamonds to keep Williamson mine idled until mid-2023
Petra Diamonds (LSE: PDL) said on Wednesday its Williamson mine in Tanzania would not resume production before the middle of 2023, following the partial collapse of a tailings storage facility…
Fortescue keeps women on the top job with Fiona Hick’s appointment
Australia’s Fortescue Metals Group (ASX: FMG) has named former Woodside Energy (ASX: WDS) executive Fiona Hick as its new chief executive officer, effective February 2023. With the appointment, the iron…