US adds copper, potash, silicon to critical minerals list
The U.S. government has added copper, potash and silicon to its draft list of critical minerals in the most significant overhaul since it was first published in 2018. The update, mandated…
Regulatory Issues
Rare earth prices spike as US firm halts China trade
Prices of rare earth elements have surged to their highest level in more than two years after MP Materials stopped shipments to China, Reuters first reported. For the past three…
Vietnam lifts state monopoly on gold
Vietnam, the third-largest importer of gold in Asia, issued a decree on Tuesday abolishing its 13-year-old state monopoly on gold trading, causing a spike in local prices even as the…
China extends rare earth controls to imports
China has rolled out tighter controls on the mining and processing of rare earths by expanding its quota system to include imported materials and requiring enterprises to report on the…
Pan American locks $2.1B takeover of MAG Silver
Pan American Silver (TSX, NYSE: PAAS) has secured final regulatory approval to complete its $2.1-billion (C$2.9-billion) acquisition of MAG Silver (TSX, NYSE: MAG), cementing control over one of Mexico’s most…
Peabody nixes $3.8B Anglo coal deal
Anglo American’s (LSE: AAL) efforts to streamline its business have hit a major roadblock after Peabody Energy (NYSE: BTU) scrapped a $3.8-billion (C$5.27-billion) deal to acquire its Australian metallurgical coal…
China’s rare earth exports jump
China’s exports of rare earth products surged in July to levels not seen since January, underscoring Beijing’s easing of export restrictions and tensions with the U.S. Volumes rose 69% to…
Dubai firm offers $10M lifeline to Lucapa Diamond
Lucapa Diamond (ASX: LOM), which holds the Lulo alluvial mine in Angola and the Merlin project in Australia, has struck a rescue deal with a Dubai-based group that could pull…
Gold Fields’ $2.4B Gold Road takeover vote nears
South Africa’s Gold Fields (NYSE, JSE: GFI) is closing in on its A$3.7 billion ($2.4 billion) takeover of Australia’s Gold Road Resources (ASX: GOR), with shareholders set to vote on…
US commits $1B to critical minerals technology
The United States Department of Energy says it will unlock just under US$1 billion (C$1.38 billion) to fund mining, processing and manufacturing technologies used to extract critical minerals and materials….
Jaguar receives federal permit for Brazil mine restart
Jaguar Mining (TSX: JAG) has received federal authorization to begin preparatory work for the restart of its Turmalina underground gold mine in Minas Gerais, Brazil, with operations expected to resume…
ASX seeks answers after Greatland cuts gold output
Greatland Resources (ASX: GGP) is facing questions from the Australian Securities Exchange over why it slashed production and cost targets just weeks after its debut on the bourse. The Western…