Lack of capital rises to top risk in EY mining survey
Capital is the top risk facing the mining industry this year, up from the number two spot last year, as tough financing and economic conditions make it more difficult to deliver…
ESG
Lomiko’s Quebec graphite project faces uphill battle in holiday region
Community opposition in Quebec cottage country may sink Lomiko Metals’ (TSXV: LMR; US-OTC: LMRMF) prefeasibility-stage La Loutre project, the seventh-largest undeveloped graphite deposit, after the province denied it funding. The proposed…
Burgundy Diamond halts Sable expansion plans at Ekati in Northwest Territories
Burgundy Diamond Mines (ASX: BDM), owner of the Ekati diamond mine in the Northwest Territories, says it has pulled plans for underground mining at the Sable open pit following feedback…
Miners prefer Canada to overseas: KPMG
Canada’s increased government funding and protectionism are boosting outlooks compared with rising geopolitical risks in foreign countries, according to a new KPMG survey of industry executives. Nearly 80% of mining…
Rio Tinto offers early termination to Diavik diamond workers in Northwest Territories: report
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is offering early termination for employees at its Diavik diamond mine, Canada’s largest gem producer, as part of cost savings ahead of…
Video: Gold miners face skepticism, even as metal price rises, Denver Gold exec says
Gold at all-time highs has pushed up miners’ margins, but companies are opting for restraint and avoiding the temptations of past bull cycles, Denver Gold Group executive director Tim Wood…
Top miners’ reclamation obligations could surpass industry’s total debt by 2033
Environmental reclamation and site restoration costs for 24 major mining companies reached $72 billion in 2023, up from $40 billion in 2013.
Short-seller blasts New Found Gold for lack of resource after oodles of drilling
Shares in New Found Gold (TSXV: NFG, NYSE: NFGC) closed 5% weaker on Thursday after short-selling analyst Iceberg Research accused the explorer of misleading investors about its Queensway gold project in Newfoundland….
What miners should know about the voluntary carbon credit market
Three years ago, the London-based International Council on Mining and Metals announced a bold commitment: the world’s 28 largest mining companies pledged to achieve net-zero carbon emissions by 2050. This…
Beaver Creek: Experts warn poor management sinks mining projects, not rocks
Mining industry experts contend that leadership quality, not just geological assets, determines the success or failure of exploration projects, an industry conference heard Tuesday. They called for more rigorous management…
Allied Gold inks decade-long deal with Mali junta
Allied Gold (TSX: AAUC) has signed a preliminary agreement with Mali for a 10-year permit on its Sadiola mine and production from the nearby Diba deposit while the military government…
Teck restructures, promotes staff after coal exit
Teck Resources (TSX: TECK.A and TECK.B, NYSE: TECK) says its new company structure will revolve around two regional business units, North America and Latin America, as it shifts to produce…