Argentina expects US$4.2B investment in its lithium sector
Argentina expects to receive a US$4.2-billion combined investment in its growing lithium market in the next five years, which would help the country double production in 2023 to hit 175,000…
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The Northern Miner Podcast – episode 290: Cameco warns of uranium supply shock with ‘geopolitical realignment in the nuclear fuel cycle’
This week’s episode features Cameco’s Q1 conference call with president and CEO Tim Gitzel, who describes the fundamentals of uranium as driven strongly by “security supply concerns.” He also discusses…
Mining Indaba: Marampa Mines commissions 3.25mtpa iron ore expansion
The Gerald Group-owned Marampa Mines Limited has commissioned a 3.25 million tonnes per annum expansion of the namesake iron ore mine in Sierra Leone. The expansion follows a restart of…
No trace of missing workers from Trevali’s flood-hit mine after three weeks
Trevali Mining (TSX: TV; US-OTC: TREVF) has said that it is yet to locate or communicate with the eight underground miners who went missing on Apr. 16 at its Perkoa…
US markets fall during May 2-6 trading week
The Dow Jones Industrial Average fell 162.13 points or 0.49% to 32,899.37 and the S&P 500 fell 32.04 points or 0.77% over the week to 4,123.34. Shares of Cameco fell…
TSX falls during May 2-6 trading week
Over the May 2-6 trading period, the S&P/TSX Composite Index inched 58.94 points or 0.28% lower, to 20,633.28. The S&P/TSX Global Mining Index lost2.83 points or 2.52% to 112.16 and…
Mining Indaba: First Quantum pulls trigger on US$1.3B Kansanshi expansion
The board of First Quantum Minerals (TSX: FM) has resolved to proceed with a US$1.3 billion expansion of the company’s cornerstone Kansanshi copper mine in Zambia, including the Enterprise nickel…
Vale scores multi-year nickel supply deal with Tesla
Vale (NYSE: VALE), the world’s top nickel and iron ore producer, has inked a long-term deal with Tesla (NASDAQ: TSLA) that will see the Brazilian miner supplying the with electric vehicles (EVs)…
Plunging metals prices expected to rebound in H2 – report
Enduring Covid-19-linked lockdowns in the world’s largest metal consumer, China, are negatively impacting demand from end-use industries and sentiment towards the complex, resulting in lower metals prices, a new report…
Barrick ‘very comfortable’ with Reko Diq project despite Pakistan’s political uncertainty
A change in the government of Pakistan won’t impact the development of Barrick Gold’s (TSX: ABX; NYSE: GOLD) US$7-billion Reko Diq copper-gold project in Balochistan province, said CEO Mark Bristow…
EPA deals fresh blow to PolyMet’s US$1B copper-nickel mine
The U.S. Environmental Protection Agency (EPA) has dealt a fresh blow to PolyMet Mining’s (TSX: POM) plans to build an open pit copper-nickel mine in Minnesota, by recommending that the…
USGS, Apple create new waste rock metric
A new metric to quantify the amount of waste rock generated by mining critical minerals has been created by the U.S. Geological Survey and Apple. Called the “rock-to-metal ratio,” the…