TSX books solid rise over July 10-14 trading week
Over the July 10-14 trading week, the S&P/TSX Composite Index advanced 451.38 points or 2.3% to 20,262.07. The S&P/TSX Global Mining Index rose 6.28 points or 6% to 110.58 and…
Potash
Rainbow, Mosaic partner on rare earths extraction in Brazil
Rainbow Rare Earths (LSE: RBW; US-OTC: RBWRF) has inked a memorandum of understanding with Mosaic (NYSE: MOS) to jointly study the viability of extracting rare earth elements (REEs) from the phosphate…
Appian ready to deploy US$2B in cash-starved mining sector, says CEO
About a decade ago, private equity (PE) funds began to take an interest in the mining sector. At the time, financing was hard to come by, and the growth of…
Canada’s Top Ten: Barrick leads this year’s list of miners by market cap
Barrick Gold (TSX: ABX; NYSE: GOLD) returned as Canada’s largest mining company on the Toronto Stock Exchange, displacing last year’s leader Nutrien (TSX: NTR), which plummeted in market value by…
US indexes gather pace during May 15-19 trading week
The Dow Jones Industrial Average gained 126.01 points or 0.4% to 33,426.63 and the S&P 500 added 67.9 points or 1.6 % over the week to 4,191.98. Among the week’s…
Nevada regains top spot as most attractive mining jurisdiction
The state of Nevada is once again the world’s top-ranked jurisdiction for mining and exploration after yielded the spot last year to Western Australia, the Fraser Institute’s 2022 annual survey of…
Danakali sells stake in flagship Colluli potash project in Eritrea To Chinese buyer
Australia’s Danakali (ASX: DNK) has completed the sale of its 50% stake in the Colluli potash project in Eritrea, 13 years after partnering with the Eritrean National Mining Corp. (ENAMCO) to build…
BHP inks new contracts with First Nations communities at Jansen potash project
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) announced Friday that as construction progresses at its Jansen potash project in Saskatchewan, it has awarded three new contracts in partnership with local…
Anglo American takes US$1.7B writedown on British fertilizer mine
Anglo American (LSE: AAL) said Thursday it would take a US$1.7-billion charge due to higher costs and delays at its Woodsmith fertilizer project, which is being built beneath the North…
Feds inject $75M into BHP’s Jansen potash mine
The federal government is investing $100 million to support the development of BHP’s low-emissions Jansen potash mine in Saskatchewan, about 140 km east of Saskatoon. The cash injection will be…
World to face ongoing potash price crunch as Brazil Potash propels Autazes toward production
High potash prices will likely persist as the world scrambles to bring more production online amidst concerns over food security, privately held developer Brazil Potash says. Protectionism from some countries has…
Resource nationalism on the rise, says VRIC’s Jay Martin, as mining juniors head to Vancouver
There’s no denying the world is an entirely different place compared with a year ago, says Cambridge House International’s president and CEO, Jay Martin, as more than 300 mining juniors…