CHART: The brutal economics of EV battery lithium
News this week that the world’s second-biggest lithium miner – SQM – has begun laying off 5% of its Chilean workforce would not come as a surprise to those following…
Politics
Trump ally eyes Congo mine vital to global tech
The Democratic Republic of Congo is discussing the rights to the Rubaya coltan mine with an consortium led by Trump ally Gentry Beach, the Financial Times reported. Beach, the chair of investment…
Mali to restart production at Barrick’s Loulo‑Gounkoto
Mali’s government plans to restart operations at Barrick Mining’s (TSX: ABX; NYSE: B) Loulo‑Gounkoto gold complex under a court-appointed temporary administrator after seizing control earlier this month, according to a…
Industry flags BC’s Tŝilhqot’in Nation land use plan
British Columbia has laid out a plan to discuss consent with the Tŝilhqot’in Nation for future mining projects in the Teẑtan area of the province’s interior, but the Vancouver-based industry…
BofA sees $4,000 gold price on US debt, not war
Analysts at Bank of America see gold prices reaching $4,000 an oz. — an 18% jump above current levels — within the next year due to a ballooning U.S. fiscal…
Citizens rally to reopen Cobre Panama copper mine
Thousands of former workers, members of supplier companies and residents around First Quantum Minerals’ (TSX: FM) giant Cobre Panama copper mine rallied for the government to reopen the major employer…
Greenland grants 30-year permit to moly mine
Greenland Resources (Cboe CA: MOLY; FSE: M0LY) has secured a 30-year permit for its Malmbjerg molybdenum project, a major development backed by the European Union. The open-pit mine is expected…
Resolute strikes gold in Côte d’Ivoire
Resolute Mining (ASX: RSG) has found “a major” gold deposit at its Doropo asset in northeastern Côte d’Ivoire near the Burkina Faso border, according to a government website. Doropo holds…
Trump secures golden share as Nippon Steel completes US Steel takeover
Japanese steel giant Nippon Steel has finalized its $14.9-billion acquisition of US Steel, ending an 18-month political and regulatory battle. The deal is a win for President Donald Trump’s administration,…
G7 critical minerals statement targets China
At the June 16–17 summit in Kananaskis, Alta, G7 leaders released a joint statement and action plan on securing diversified, responsible critical mineral supply chains including rare earths. Although China…
Barrick to appeal Mali court’s administrator
Barrick Mining (TSX: ABX; NYSE: B) plans to appeal a Malian court decision appointing Soumana Makadji, a former health minister, as the provisional administrator of its Loulo-Gounkoto operation for six…
Two Ring of Fire First Nations oppose Ontario law
Two northern Ontario First Nations who have infrastructure agreements with the province related to the Ring of Fire have come out against the government’s new law that seeks to ease…