Burgundy halts Ekati pit mining, lays off hundreds
Nearby Misery underground mine will continue to operate for now.
Rio Tinto
Canada Nickel deposits akin to ‘Sudbury’s endowment’
New initial resources for Canada Nickel’s (TSXV: CNC; US-OTC: CNIKF) deposits add almost 275 million measured and indicated tonnes to the company’s portfolio, with the Texmont deposit boasting grades higher…
Decarbonization out of sync with diesel dependence
In Canada’s Far North, where the effects of climate change are readily apparent, decarbonization goals are stunted by a lack of infrastructure and diesel dependence. Agnico Eagle Mines (TSX, NYSE:…
Faraday Copper jumps on BLM exploration plan approval
Faraday Copper (TSX: FDY; US-OTC: CPPKF) got the go-ahead from the Bureau of Land Management for the next phase of exploration at its Copper Creek project in Arizona. That pushed…
Rio Tinto settles hedge fund claims on Oyu Tolgoi
Rio Tinto (ASX, LSE: RIO) has agreed to pay nearly $139 million to settle a long-running class action lawsuit accusing the company of concealing development delays at its $7-billion giant…
Rio’s $2B mine keeps Aus iron ore relevant: CEO
Rio Tinto (NYSE, LSE, ASX: RIO) this month opened its new Western Range iron ore mine, the first part of the company’s $13.3-billion (C$18.1-billion) investment plan to rejuvenate Australia’s Pilbara…
Quebec’s Dumont nickel project on new EU list
The Dumont project in Quebec, one of the world’s largest undeveloped nickel-cobalt deposits, is among global critical mineral developments the European Union wants to invest in as China limits exports. …
Resigning Rio CEO asserts company unity
Rio Tinto’s (NYSE, LSE, ASX: RIO) departing CEO Jakob Stausholm says he hasn’t fallen out with chairman Dominic Barton despite Reuters citing unnamed company officials to the contrary. Management and board…
Is Glencore’s $22B asset shift a prep for Rio merger?
Glencore (LSE: GLEN) has transferred almost $22 billion in foreign assets into its Australian subsidiary in a sweeping global restructuring that could lay the groundwork for a future merger with…
US Supreme Court rejects Apache appeal to block Rio Tinto’s Resolution mine
The U.S. Supreme Court declined on Tuesday to hear an appeal by the Apache Stronghold seeking to block the development of the Resolution Copper mine in Arizona. The mine is a joint…
Shock exit: Rio Tinto CEO Stausholm to step down
Rio Tinto (ASX, LSE: RIO) announced on Thursday the unexpected exit of CEO Jakob Stausholm later this year, ending a nearly five-year tenure marked by efforts to restore trust with…
Fortescue delays Iron Bridge full output to 2028
Australia’s Fortescue (ASX: FMG) has pushed back full operations at its $3.9 billion Iron Bridge project to 2028, five years later than initially projected, citing continued technical challenges and the…