Mexico to review bill to ban open pit mining
Mexican President Claudia Sheinbaum says her government will review a controversial bill approved by the lower chamber of Congress in August that aims to ban open-pit mining. The proposed legislation…
Copper
Ontario pension backs US$100M funding for tech firm spotting deposits from space
Australia’s Fleet Space Technologies announced Wednesday it raised US$100 million led by the investment arm of the Ontario Teachers’ Pension Plan to expand its ExoSphere exploration platform. The Teachers’ Venture…
Satellite data analysis shows copper smelting activity surged in November
Global copper smelting last month reached its highest level since February, according to a report released Wednesday that tracks smelter inactivity. Average smelter inactivity fell 2.7% from October to 13.4%…
Copper price jumps on China policy pivot, but market has seen it before
Copper jumped on Monday, rising by more than 2% overnight to a four-week high of US$4.30 per lb. (US$9,470 per tonne) on the CME in Chicago, after China’s politburo signalled…
Lundin Gold lifts gold guidance, costs for Fruta del Norte
Canadian precious metals miner Lundin Gold (TSX: LUG) has revised up its gold production guidance for the Fruta del Norte (FDN) underground mine in southeast Ecuador. The company now expects to…
London Symposium: Rule, Roosen call for smarter junior mining investment
“No one ever won the Kentucky Derby with the best jockey on a donkey,” Osisko Development (TSXV: ODV; NYSE: ODV) founder and CEO Sean Roosen told an industry event last…
Lundin sells European mines to Boliden for US$1.3B
Canada’s Lundin Mining (TSX: LUN) is selling its Neves-Corvo mine in Portugal and the Zinkgruvan mine in Sweden to Boliden (STO: BOL) for US$1.3 billion in upfront cash, with potential…
London Symposium: Beaty, McEwen, O’Toole urge mining firms to lead climate crisis fight
Sustainable mining must be the new normal to boost earnings and convince a skeptical public about the industry’s importance to combat global warming as the world enters a metals trade…
London Symposium: Quebec out in front of green energy transition with support for tech, miners
Transitioning away from fossil fuel usage calls for greater collaboration between government and industry to meet the huge demands on critical minerals mining for producing low-carbon technologies. In Canada, the…
Energy Fuels MOU with Madagascar unlocks path for US$2B Toliara project
Energy Fuels (TSX: EFR; NYSE: UUUU) has an initial agreement with Madagascar clearing the way for a final investment decision on its US$2-billion Toliara critical minerals project by early 2026. …
Canada Nickel hits high grades at Bannockburn site south of main Crawford project
Canada Nickel (TSXV: CNC: US-OTC: CNIKF) has drilled high grades of the critical metal at the company’s Bannockburn property, about 65 km south of Timmins, Ont. Highlight hole BAN24-20 cut…
London Symposium: How new tech and sustainability can transform mining
Green technologies and sustainability-focused project strategies are helping the industry address risks earlier and build longer-lasting community ties, a London industry event heard this week. Better technologies, integrating artisanal miners…