Cost of expansion at Rio Tinto’s Oyu Tolgoi rises again
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) flagged on Friday a cost increase of $300 million for the ongoing expansion of its massive Oyu Tolgoi copper-gold mine in Mongolia….
2022
The view from England: Time called on mining graduates
The U.K. is facing a crisis. No, not our mounting supply issues, soaring cost inflation or the sudden change in political leadership; rather, the plummeting numbers of drinking establishments and graduate…
Panasonic to build US$4B battery plant in US to supply Tesla
Japan’s Panasonic is deepening its ties with electric vehicles (EVs) maker Tesla by planning a battery plant in Kansas, which will cost US$4 billion. The facility is expected to supply…
Rio Tinto invests US$188M to upgrade aluminum smelter in Quebec
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is investing US$188 million to increase the production capacity for low-carbon, high-value aluminum billets at its Alma smelter in Lac-Saint-Jean, Que., by…
Barrick sees 5.4% bump in quarterly gold output; copper production up 18.8%
Barrick Gold (NYSE: GOLD; TSX: ABX) has reported its preliminary second quarter operating results, showing total gold production of 1 million oz. and copper production of 120 million lb. During…
Anglo American, Nippon Steel to work on low-carbon steelmaking
Anglo American (LSE: AAL) and Japan’s Nippon Steel have joined forces to develop solutions for lower-carbon steelmaking, a process responsible for up to 9% of global greenhouse emissions. The companies…
Talon Metals intersects high-grade nickel, copper outside of Tamarack resource area
Talon Metals (TSX: TLO; US-OTC: TLOFF) has reported high-grade nickel and copper assay results from its Tamarack nickel project in Minnesota. The drill results come from CGO East, an area…
Wallbridge spins out nickel assets to focus on gold
Wallbridge Mining (TSX: WM; US-OTC: WLBMF) is selling its nickel assets to Archer Exploration (CSE: RCHR) in an all-share deal worth $53.6 million. The company said it wants to focus…
Umicore to build $1.5-billion battery materials factory in eastern Ontario
Belgium-based Umicore, a circular materials technology firm, plans to invest $1.5 billion to build a manufacturing plant in Ontario for cathode active battery materials and their precursor ingredients. The company…
Technology Metals Snapshot: Eight companies developing next generation metals
As economies around the world decarbonize, the increasing demand for electric vehicles and green energy storage technologies is driving a boom in the exploration and development of technology-metals deposits, among…
Osisko Metals updates Pine Point PEA, showing zinc project with $602M after-tax NPV
Osisko Metals (TSXV: OM; US-OTC: OMZNF) has released an updated preliminary economic assessment (PEA) for its wholly owned Pine Point base metals project located near the town of Hay River,…
Rock Tech signs framework agreement with car maker in Germany
Rock Tech Lithium (TSXV: RCK; US-OTC: RCKTF) has signed a framework agreement with an unnamed global car maker headquartered in Germany to supply lithium hydroxide over an initial five-year period….