O3 Mining shares surge on $204M Agnico Eagle takeover offer
O3 Mining (TSXV: OIII) shares soared 55% Thursday morning after it signed an agreement for Agnico Eagle Mines (TSX: AEM; NYSE: AEM) to acquire it for about $204 million. The…
News
Rio Tinto to invest $2.5B to expand Rincon lithium project in Argentina
Rincon is the company’s first commercial-scale lithium operation.
Economics, not regulation, the main reason behind delay in BC’s mines, study shows
Contrary to popular perception, stringent regulation may not be the biggest factor behind the delay of mining projects in British Columbia, according to a new study published in the Royal…
Global scramble for critical minerals fuelling protectionism
A growing wave of protectionism is sweeping across 72 nations, as governments scramble to secure access to critical minerals essential for strategic industries, new research by global risk intelligence firm…
Roosen’s Cariboo gold project gets permits
Osisko Development (NYSE: ODV, TSXV: ODV) got all permits Thursday for its $588-million Cariboo gold project in central British Columbia, clearing the way for construction. The underground mine will produce…
China leads world in energy transition, Wood Mackenzie says
The world’s second-largest economy leads the energy transition and is on track to source half of its power from low-carbon energy including hydro, solar, wind, nuclear and energy storage by…
BHP, Rio Tinto face sexual harassment class actions in Australia
Miners are accused of fostering environments at Australian sites where female staff faced systemic sexual harassment and discrimination.
El Salvador’s mining ban stifles US$3 trillion in unearthed gold, president says
El Salvador, which became the first country in the world to ban metals mining, could be losing out on transformational wealth due to its massive unearthed gold deposits, President Nayib…
London Symposium: ‘Mining must move at the pace of business, not bureaucracy,’ Ontario’s Pirie says
Ontario’s bid to lead in the critical minerals boom in Canada is fuelled with funding increases and deregulation goals in a new mining code. Yet the province must still widen…
Mexico to review bill to ban open pit mining
Mexican President Claudia Sheinbaum says her government will review a controversial bill approved by the lower chamber of Congress in August that aims to ban open-pit mining. The proposed legislation…
Ontario pension backs US$100M funding for tech firm spotting deposits from space
Australia’s Fleet Space Technologies announced Wednesday it raised US$100 million led by the investment arm of the Ontario Teachers’ Pension Plan to expand its ExoSphere exploration platform. The Teachers’ Venture…
Satellite data analysis shows copper smelting activity surged in November
Global copper smelting last month reached its highest level since February, according to a report released Wednesday that tracks smelter inactivity. Average smelter inactivity fell 2.7% from October to 13.4%…