Saudis tap Aramco for lithium brine extraction
Saudi Arabia has announced a new joint venture between its state-run oil and mining companies — Aramco, the world’s largest in oil, and Ma’aden — marking another step in its…
Copper
Antofagasta misses copper target, keeps guidance
Chilean miner Antofagasta (LSE: ANTO) reported on Thursday that its copper production for 2024 fell below company expectations, despite exceeding its total output for the previous year. The company, Chile’s…
Zijin offers US$1.9B for 25% of China lithium miner
Chinese copper and gold producer Zijin Mining Group is proposing to buy a quarter of compatriot Zangge Mining for 13.7 billion yuan (US$1.9 billion), the companies said. The deal would…
London Symposium JV Video: Quebec’s clean energy, innovation, incentives
Quebec supports mining with hydro-power, streamlined permits and beneficial tax policies, an adviser to the province says. Early government action gives it an edge in the energy transition, Jonathan LaFontaine,…
Yukon Metals samples up to 3.49% copper at AZ
Yukon Metals (CSE: YMC; US-OTC: YMMCF) shares rose on Wednesday after it released sampling results from the AZ project with copper grades as high as 3.49%. The Canadian junior kicked…
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…
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…
Zijin in talks to buy US$6.4B China lithium miner
Chinese copper and gold producer Zijin Mining Group (HK: 2899) revealed on Friday it is in talks with Zangge Mining’s top two shareholders to buy a controlling stake in the lithium…
Hudbay increases stake in Arizona Sonoran to 9.99%
Hudbay Minerals (TSX, NYSE: HBM) has upped its stake in Arizona Sonoran Copper (TSX: ASCU, OTCQX: ASCUF) with the purchase of 11.85 million shares under a private placement. The Arizona…
Gatos Silver posts solid 2024, preps takeover by First Majestic
Gatos Silver (TSX: GATO; NYSE: GATO) has topped its 2024 production guidance at the Cerro Los Gatos mine in Mexico. Record throughput and higher-than-expected silver-equivalent output drove strong results. The…
New Gold falls short of 2024 gold guidance
New Gold (TSX, NYSE-A: NGD) shares fell on Friday after the company missed its production forecast in a challenging finish to the year. The mid-tier miner cited December mechanical failures…
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…