Chalice reduces board, costs amid nickel slump
Australia’s Chalice Mining (ASX: CHN) is the latest nickel player forced to cut costs amid a sharp decline in the metal’s price. Chalice announced a series of measures on Friday…
Glencore
Teck Coal fined $221,000 for unauthorized waste disposals in BC
Teck Resources‘ (TSX: TECK.B) former coal unit has been handed fines totalling approximately $221,000 for nearly 30 cases of environmental breaches in southeastern British Columbia over a two-year period. On…
Electra surges on US$20M Washington funding for Ontario cobalt refinery
Electra Battery Materials’ (TSX-V: ELBM; NASDAQ: ELBM) shares jumped 40% Monday on news it received US$20 million from the United States’ Department of Defense (DoD) to help develop its cobalt…
Glencore scraps coal exit plan on investors’ pressure
Glencore (LSE: GLEN) followed shareholder opposition and scrapped on Wednesday plans to separate its coal division, which it had announced following its acquisition of assets last year from Teck Resources…
Glencore to pay US$152M in bribery case
Commodities giant was fined by Swiss authorities for not preventing a business partner from bribing a Congolese official in 2011.
London lags in mining listings as rivals surge
The market capitalization of LSE-listed mining stocks has shrunk to $272bn from $322bn in 2018.
Zambian copper goals face challenges despite billions pouring in
Zambia wants to increase copper output to 1 million tonnes by 2027 as billions of dollars in investments flow to the African country and the regional mining belt it’s part…
Chile copper, lithium mines rattled by 7.4 quake
A 7.4-magnitude earthquake hit northern Chile on Thursday night, 45 km outside San Pedro de Atacama, where the majority of the country’s vast copper and lithium mines are located. The…
ACG opts for US$290M copper mine in Turkey after dead US$1B nickel deal
ACG Acquisition (LSE: ACG), founded by a mining executive who helped create aluminum giant Rusal, is taking another stab at green metals after a US$1 billion deal last year failed to…
Environment Canada lays charges against Teck Coal as Glencore sale closes
Environment Canada has laid five charges against Teck Coal Ltd. after the company was alleged to have dumped substances harmful to fish into waters near its Ek Valley operations in…
BHP halts Western Australia nickel mines on weak prices, glut
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) is halting its Western Australia nickel operations starting in October, as the world’s largest miner struggles to navigate challenges posed by a substantial…
OTC-listed Chilean Cobalt inks Glencore offtake deal
Less than a month after landing a potential debt financing deal to redevelop its past-producing La Cobaltera project in northern Chile, Chilean Cobalt (US-OTC: COBA) has signed a letter of…