DRC rail line may get $1B from U.S. finance agency
The United States may offer as much as $1 billion to revamp a rail line in central Africa that could help facilitate critical minerals shipments from the Democratic Republic of…
cobalt
United States to reissue cobalt stockpile tender
The United States is preparing to revive a major cobalt procurement effort after cancelling an earlier bid round this autumn, as Washington accelerates long-term plans to rebuild strategic mineral inventories…
How Lassonde, MAC, Selby assess Canada’s permitting and Carney’s Major Projects Office
If Canadians were unfamiliar with the Ring of Fire before Game One of the World Series between the Toronto Blue Jays and the Los Angeles Dodgers, they were well-versed by…
China minerals curb could cost US GDP $1B: Macquarie
China’s export controls on certain critical minerals could cut gross domestic product in the United States by more than $1 billion a year, even if U.S. reliance on Chinese imports…
Fortune lands more funding for Alberta refinery
Fortune Minerals (TSX: FT; US-OTC: FTMDF) says it plans to accept a small loan from the Northwest Territories to buy a refinery site for the world’s largest bismuth deposit. The…
Vedanta starts CopperTech Metals in US
Vedanta Resources is spinning out U.S.-domiciled CopperTech Metals to boost the parent company’s $3-billion investment in Konkola Copper Mines in Zambia. CopperTech plans to invest $1.5 billion more in Konkola,…
Deep Sea Rare Minerals seeks US seabed licences
Deep Sea Rare Minerals (DSRM), the parent company of autonomous underwater vehicle operator Deep Sea Vision, has applied for subsea mineral exploration licences with the U.S. National Oceanic and Atmospheric…
US plan to boost Africa mining ties needs work: analyst
Recent United States initiatives aimed at developing closer ties with resource-rich African countries to break China’s stranglehold on critical minerals processing are still a long way from paying off, according…
Electra restarts construction at Ont. cobalt refinery
Electra Battery Materials (TSX-V, Nasdaq: ELBM) said it’s resumed construction at its Ontario cobalt sulfate refinery after securing about $82 million (C$115 million) in project financing. The stock soared. Work…
Canadian federal budget promises billions for mining
Canada’s Liberal government plans to form a $2-billion sovereign fund for critical minerals, earmark hundreds of millions in mining industry spending and widen exploration tax credits to a dozen other…
First Quantum reports Panama progress amid audit
Miner advances preservation program, power plant restart and looks forward to talks on a long-term agreement.
Glencore output on target despite copper fall
Shares in Glencore (LSE: GLEN) climbed on Wednesday after the Swiss miner and commodities trader said it remains on track to meet its full-year production targets, easing investor concerns about…