Uranium sector ‘scrambling’ to fill supply gap
The price of uranium will hit triple-digits for the first time since 2007 as nations weaning off oil and seeking energy security deplete nuclear fuel supplies, the world’s largest investment…
Rio Tinto
IGO stands by incoming CEO after Rio Tinto sacks him
Australia’s lithium and nickel producer IGO (ASX: IGO) is standing by its incoming chief executive officer, Ivan Vella, after Rio Tinto (ASX:RIO) sacked on Wednesday its former aluminum boss for…
JV Article: Automaker Stellantis takes 19.9% stake in Argentina Lithium subsidiary
Amsterdam-based carmaker Stellantis (NYSE: STLA), whose iconic brands include Alfa Romeo, Chrysler, Citroën, Fiat, Opel, Maserati, Peugeot, Jeep and Vauxhall, has invested US$90 million equivalent in Argentine pesos in Canada’s…
Rio Tinto, Codelco partner up to find more copper in Chile
Mining giant Rio Tinto (ASX: RIO; LSE: RIO) and Chilean state copper miner Codelco created on Wednesday the Nuevo Cobre (New Copper) joint venture to explore and potentially develop the…
JV Video: Western Copper and Gold nears Rio Tinto decision on Yukon project
Western Copper and Gold’s (TSX: WRN; NYSE-AM: WRN) Casino project in the Yukon is approaching a decision this month whether Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) will further…
Erdene Resources gets US$30M on revised deal for Mongolia gold project
Erdene Resource Development (TSX: ERD) has received a US$30 million ($41.1 million) investment earlier than originally planned after amending its strategic alliance deal with Mongolia’s largest independent miner for the development…
Rio Tinto cuts Canadian iron ore guidance
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has once again cut iron production targets for its iron ore operations in Canada, citing extended plant downtime and conveyor belt failures. Output from…
New resource bolsters Arizona Sonoran’s Cactus copper project
Arizona Sonoran Copper (TSX: ASCU) has nearly tripled its measured and indicated resource at the Cactus porphyry project on the site of the past-producing Sacaton mine south of Phoenix. Cactus…
Stellantis ups interest in McEwen Copper to 19%, Rio Tinto to hold 14%
Stellantis, one of the world’s leading automakers and mobility providers, announced Wednesday an investment of about $163.1 million (42 billion Argentine pesos) in McEwen Copper, a subsidiary of McEwen Mining…
Stellantis invests US$90M in Argentina lithium explorer for nearly 20% stake
Stellantis, the automaker behind Chrysler and Alfa Romeo among others, is buying almost a fifth of Argentina Lithium & Energy (TSX-V: LIT; US-OTC: PNXLF) for US$90 million. The deal with…
Copper prices may jump 20%, aluminum by 36% as demand outpaces supply: forecast
Global copper and aluminum supply deficits may cause prices to soar within a few years while steel may drop, according to a new report on metals. A 5.4-million-ton (4.9-million-tonne) copper…
Researchers discover missing clue to find pink diamonds
Researchers from Curtin University have identified the missing third key ingredient needed to bring valuable pink diamonds to the Earth’s surface, which could be the answer the market was looking…