Ontario OKs $90M to upgrade Ring of Fire region
Queen’s Park and Aroland First Nation have signed a multi-million-dollar agreement to plan a transmission line in the remote Ring of Fire area in the province’s north. The deal also…
Politics
Canadian mining optimistic in face of Trump tariff threat
Canada is on edge, but the mining industry appears quietly confident it will emerge largely unscathed from U.S. President Donald Trump’s threat to put 25% tariffs on all goods from…
VRIC: Looming U.S. dollar crisis could send gold prices ‘through the roof’
Ballooning U.S. deficits and a dearth of opportunities to mine gold in geopolitically stable jurisdictions are two major reasons to be bullish on the metal, an annual investor forum in…
Saudis to buy stake in Barrick’s Reko Diq: FT
Saudi Arabian mining fund Manara Minerals is set to buy a 10%-20% in the Reko Diq copper and gold project in Pakistan for about US$500 million to US$1 billion, the…
Former Shell, Anglo leaders back new body to ease resource conflict
Resource Resolutions (RR), a new venture aimed at reducing growing societal and geopolitical divisions around natural resources, has announced a global advisory council comprised of eminent figures from industry, international diplomacy…
Barrick’s Reko Diq to generate US$74B over 37 years
Barrick Gold (NYSE: GOLD) (TSX: ABX) said on Monday its half-owned Reko Diq copper and gold project in Pakistan is projected to generate approximately US$74 billion in free cash flow…
Lithium Argentina investors OK Canada exit
Lithium Argentina (TSX: LAAC) shareholders have approved the company’s plan to redomicile to Switzerland from Canada, seeking to retain a Chinese investor in the face of Ottawa’s concerns over resource ownership….
Codelco, Saudi Arabia eye copper JVs: Reuters
Chile’s Codelco and Saudi Arabia are engaged in early-stage discussions about potential joint investments in the copper sector, the state-owned miner’s chairman Maximo Pacheco told Reuters on Friday. The collaboration…
Will Indonesia shut the nickel spigot to spur prices?
Indonesia’s clout in the global nickel market rivals OPEC’s in oil. The Southeast Asian nation — an archipelago of more than 17,000 islands straddling the Indian and Pacific oceans —…
Hummingbird reaches $16.4M deal with Mali
Africa-focused Hummingbird Resources (AIM: HUM) announced on Wednesday it had reached an an agreement with Mali’s military-led government to operate the Yanfolila gold mine under the country’s new mining code. As part…
Barrick halts Mali mine after junta seizes gold
Barrick Gold (TSX:ABX; NYSE:GOLD) followed through with its threat to suspend operations at its Loulo-Gounkoto complex in Mali after the military-led government moved gold stocks to a custodial bank. “Barrick…
Biden signs order to power-up AI infrastructure
U.S. President Joe Biden issued an executive order Tuesday to support the development of the country’s artificial intelligence infrastructure and meet the enormous energy requirements from AI data centres in…