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…
Politics
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…
Cleveland-Cliffs seeks US Steel with Nucor: CNBC
Cleveland-Cliffs (NYSE: CLF) is reportedly collaborating with its rival Nucor (NYSE: NUE) on a potential bid to acquire US Steel (NYSE: X), CNBC reported on Monday. This development follows the Biden…
Copper smelting fees to remain low amid tight supply
Copper concentrate treatment and refining charges (TC/RCs) paid by mining companies to smelters are expected to stay depressed throughout 2025 amid reduced supply, according to commodity analysis firm Fastmarkets. In…
Mali airlifts gold from Barrick mine: Reuters
The Malian junta is choppering gold stockpiles out of Barrick Gold‘s (TSX: ABX; NYSE: GOLD) Loulo-Gounkoto complex, Reuters reports. The airlift began Saturday, the newswire said, citing four sources close…
Canada knocks Trump’s claims of resource independence
Canada’s minister of energy and natural resources, Jonathan Wilkinson, has pushed back against U.S. president-elect Donald Trump’s recent claim that America doesn’t need anything from its northern neighbour as “simply…
Panama seeks public input on re-opening First Quantum copper mine
Panama’s government has kicked off a public consultation on an environmental audit of First Quantum Minerals’ (TSX: FM) Cobre Panama copper mine. The Ministry of Environment (MiAmbiente) this week invited…