India to invest in foreign uranium mines
India’s state-owned power producer NTPC is looking to help finance overseas uranium mines to fuel the country’s plan to massively expand nuclear power generation in the coming decades. The world’s…
Politics
De Beers idles South Africa’s top diamond mine
De Beers will suspend production at its Venetia mine, South Africa’s highest-value diamond operation, for two years as the company cuts costs and streamlines its business to withstand a prolonged…
Canada’s 20-year mine timeline hits multibillion-dollar wall: report
Canada’s lengthy mine development process is putting billions of dollars in potential critical minerals investment at risk as competing jurisdictions move projects into production years faster, a new study suggests….
Ex-US Navy commander quits NovaRed copper firm over Noem hire
A retired U.S. Navy commander and Democratic congressional candidate this week quit his advisory board role with NovaRed Mining (CSE: NRED), saying he could not remain after the Vancouver company…
Carney seeks deeper Saudi mining, energy partnership
Canadian Prime Minister Mark Carney said Saudi Arabia could help drive growth in Canada’s mining and energy sectors as the two countries signed more than more than $1.4 billion (US$704…
Ottawa invests up to $400M in Teck’s Trail plant for germanium output
Canada’s federal government is investing a potential $400 million as part of an $850-million total investment in Teck Resources’ (TSX: TECK.A, TECK.B; NYSE: TECK) Trail processing facility in British Columbia…
Editorial: Develop it or cede it
There is a paradox at the heart of Canada’s relationship with its own territory. The country sits atop some of the most valuable mineral deposits on earth: uranium, nickel, copper, rare earths, zinc….
US awards $75M to recover critical metals from coal
Five projects selected for the Mines & Metals Capacity Expansion Pilot .
US uranium revival gains traction as output triples
Most measures of U.S. uranium activity reached their highest levels in almost a decade last year, pointing to a broader industry recovery. Production more than tripled last year to 2.1…
British Columbia mining hampered by DRIPA ‘confusion’
West High Yield Resources (TSXV: WHY) corporate secretary Barry Baim is one of many mining executives active in British Columbia wondering when the legal fog surrounding Indigenous rights will dissipate. Despite…
China question clouds Nunavut road-to-port plan
A Chinese state-backed miner owns the remote Izok Corridor in Nunavut, one of the richest zinc deposits in the world, and the Canadian government has provided some financing for the…
Gold price set for worst quarter in 13 years
Gold is on track for its worst quarter in 13 years as war-induced inflation concerns in recent weeks sent the metal on a downward spiral that took out its entire…