US markets rise, Dec. 27-31
The Dow Jones Industrial Average rose 387.74 points or 1.08% to finish the trading week at 36,338.30 and the S&P 500 gained 40.39 points or 0.86% to 4,766.18. Spot gold…
Vale
Vale to sell Moatize coal mine to Vulcan for US$270M
Vale (NYSE: VALE) is selling its Moatize coal mine and the Nacala logistic corridor, a multibillion-dollar port and rail project in Mozambique, to Vulcan Minerals (TSXV: VUL) in a transaction…
Vale sells 50% stake in California Steel to Nucor for US$400 million
Vale’s (NYSE: VALE) Canadian subsidiary has agreed to sell its 50% stake in California Steel Industries (CSI) to Nucor (NYSE: NUE) for US$400 million, the company said. The Brazilian mining…
Canada Nickel expands footprint in Ontario with 13 new properties
Canada Nickel Company (TSXV: CNC) has concluded 18 separate transactions resulting in the outright acquisition or earn-in to 13 additional properties within a 95 km radius of the company’s flagship…
Canada’s Saskatchewan adds lithium to mining portfolio
Prairie Lithium, a private lithium resource and technology developer situated in the heart of Saskatchewan’s resource-rich Williston Basin, reached a milestone this week as it finished drilling the province’s first…
Video: Randy Smallwood discusses WPM’s Q3 performance, organic growth prospects
Wheaton Precious Metals (NYSE: WPM; TSX: WPM) has reported earnings per share and revenue for the three months ended September that missed the consensus mark, despite record revenue for the…
Vale halts operations at Onça Puma mine after court order
Vale reported today that it has once again halted operations at its Onça Puma nickel mine after Brazil’s state of Pará obtained a court order to reinstate the suspension of…
Tesla inks multi-year nickel supply deal with Prony
Tesla (NASDAQ: TSLA) has inked a multi-year nickel supply deal with New Caledonia’s Prony Resources, which guarantees the U.S. carmaker about 42,000 tonnes of the metal needed to produce the…
World’s largest miners commit to net zero emissions by 2050
A group of the world’s biggest mining companies have pledged to reach net zero greenhouse gas emissions by 2050 or sooner, in line with the goals outlined in the Paris…
Rescue of 39 from Totten nickel mine succeeds
Early this morning Vale SA (NYSE: VALE) announced that all 39 miners had been brought safely to the surface from the Totten mine. “I’d like to congratulate our rescue team,” Vale…
RANKED: World’s top ten nickel producers
Nickel and its compounds are essential for manufacturing steel, but nickel has also been dubbed ‘the silent saviour’ as it plays a role in the global transition to clean energy…
Quebec’s Nouveau Monde joins Global Battery Alliance
Quebec graphite developer Nouveau Monde Graphite (TSXV: NOU) has joined the Global Battery Alliance, an initiative of the World Economic Forum that aims to establish a circular and sustainable battery…