Renewables adoption speed still too slow to limit climate crisis — IEA
Growth in renewable energy is set to hit an all-time record this year, but is still falling “well short” of what is necessary to reach net zero emissions by 2050,…
Articles by Cecilia Jamasmie
Turquoise Hill okays Oyu Tolgoi US$75M bridging budget
Turquoise Hill Resources (TSX, NYSE: TRQ) has approved a bridging budget of US$75 million that allows the parties involved in the vast Oyu Tolgoi copper-gold mine in Mongolia to progress the…
UPDATED: Capstone Mining, Mantos Copper to merge
Canada’s Capstone Mining (TSX: CS) and Chile-focused Mantos Copper, run by British investment firm Audley Capital Advisors and Orion Mine Finance, are merging to form a new copper producer called Capstone Copper….
Hummingbird Resources shares collapse after halting Mali mine
Shares in Hummingbird Resources (LSE: HUM) fell as much as 20% to 13.23 pence on Monday after it halted operations at its Yanfolila gold mine in southern Mali, the company’s…
Rio Tinto grabs 51% stake in Janice Lake copper-silver project in Saskatchewan
Rio Tinto Exploration Canada (RTEC) is set to become the majority owner of Forum Energy Metals’ (TSX-V: FMC) Janice Lake copper-silver project in Saskatchewan, Canada, the Vancouver-based company said on…
Cobalt prices supported in 2021, expected to fall in 2022 – report
The S&P Global Market Intelligence November Commodity Briefing states that cobalt metal prices are expected to remain supported for the remainder of 2021 as logistical pressures persist. “There are no…
South32 locks 45% stake in Sierra Gorda copper mine
South32 (LSE: S32; ASX: S32; JSE: S32) says it will proceed with the acquisition of a 45% stake in the Sierra Gorda copper mine in Chile, as project partner KGHM…
Lucara says diamond market the “healthiest” in years
Canada’s Lucara Diamond (TSX: LUC) says the global market for roughs and diamond jewellery has reached a healthy balance thanks to supply improvements and fundamentals. The Vancouver-based miner said it expected the…
Rio Tinto CEO, Mongolian PM talk Oyu Tolgoi’s future
Rio Tinto (ASX, LON, NYSE: RIO) CEO Jakob Stausholm met this week with Mongolia’s Prime Minister Luvsannamsrain Oyun-Erdene in the hope of ironing out issues threatening the future of the…
SolGold delays prefeasibility study for Cascabel again
SolGold (TSX: SOLG; LSE: SOLG) announced it will delay the release of the prefeasibility study for its flagship Cascabel copper-gold project in Ecuador. The mining company said the delay will…
Ghana backs Chifeng Jilong Gold Mining’s acquisition of Wassa mine
China’s Chifeng Jilong Gold Mining has received Ghana’s approval to proceed with the acquisition of Golden Star Resources (TSX: GSC), which owns 90% of the Wassa gold mine in the country’s southwest,…
Coal phase-out may take longer than countries are willing to admit – report
Thermal coal demand is expected to rise until the mid-2020s despite countries agreeing to phase out coal at the recent United Nations Climate Change Conference, according to a new report…