Demand for magnetic REEs to triple by 2035: McKinsey
In the midst of a global energy transition, the market for magnetic rare earth elements (REEs) is likely to face a threefold demand increase by 2035, which could further exacerbate…
Financing
Teck OKs $2.4B Highland Valley Copper expansion
Teck Resources’ (TSX: TECK.A, TECK.B)(NYSE: TECK) board has approved a $2.4-billion (US$1.76-billion) project to extend the life of Canada’s largest copper mine for two decades. Construction at Highland Valley Copper…
Ghana to shorten permitting, boost communities
Ghana, the top gold producer in Africa and sixth globally, has introduced a major overhaul of its mining legislation aimed at shortening permit timelines and boosting revenue for host communities….
Silver Bullet’s King Tut grades fit for a pharaoh
Silver Bullet Mines (TSXV: SBMI; US-OTC: SBMCF) has bought the past-producing underground King Tut gold mine in Arizona on “very low” cash terms in a deal almost as mysterious as…
Glencore workers brace for Mount Isa layoffs
Glencore (LSE: GLEN) is set to shut its final two copper mines in Mount Isa, Queensland, next week, ending more than six decades of operations and marking the company’s exit…
Botswana seeks control of De Beers
Botswana is pushing to take control of De Beers as Anglo American (LSE: AAL) prepares to sell the diamond company. Duma Boko, president of Botswana, is determined to increase the…
Taseko says Florence copper project 90% finished
Taseko Mines (NYSE: TGB; TSX: TKO) reported that construction of its Florence Copper mine in Arizona is now over 90% complete. The company confirmed the project remains on track to produce first copper cathode…
Osisko lands $450M loan for Cariboo gold project
Osisko Development (TSXV, NYSE: ODV) has secured a $450-million (C$615-million) loan from Appian Capital Advisory to advance construction of the Cariboo gold project in central British Columbia. The senior secured…
Titan guns for unique graphite ranking
Titan Mining (TSX: TI; US-OTC: TIMCF) says it’s on track start producing graphite in upstate New York this year at what will be the country’s only integrated producer of the…
Feds OK Nevada gold project, first in a decade
Waterton Mining has announced that the U.S. Bureau of Land Management approved its Spring Valley project in Nevada, the first federal approval of a gold mine project in more than…
BHP delays Jansen potash output to 2027, costs climb
BHP (ASX, NYSE LSE: BHP) says first production from its flagship Jansen stage one potash project in Saskatchewan will be delayed by at least six months to mid-2027, with capital…
KoBold signs Congo deal to boost US mineral supply
The Democratic Republic of Congo and U.S.‑based Kobold Metals have struck a preliminary mineral exploration agreement that deepens American involvement in the country’s critical‑minerals sector. The deal opens the door…