Korea taps Glencore for copper with $1B loan deal
South Korea’s export credit agency will lend $1 billion to Glencore (LSE: GLEN) in exchange for copper supplies to Korean companies, securing access to a metal increasingly vital to artificial…
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American Rare Earths, Novex to boost US output
American Rare Earths (ASX: ARR) and metallurgy firm Novex plan to develop U.S. rare earth metal production using feedstock from the Halleck Creek project in Wyoming, said to be the…
Site visit: Can Honey Badger finally crack Prairie Creek?
NEAR NAHANNI NATIONAL PARK, N.W.T. – The Prairie Creek site, nestled in a peaceful mountain valley in the Northwest Territories, is the project that won’t die after facing numerous dead-ends,…
CEO chat: Faraday sees 18B-lb Arizona copper district
Faraday Copper (TSX: FDY; US-OTC: CPPKF) expects confirmation drilling at BHP’s (NYSE, LSE, ASX: BHP) former San Manuel mine to support a combined Arizona resource containing more than 18 billion…
Venezuela targets $4.4B London gold stash
Venezuela’s government and opposition have agreed to jointly pursue the return of about 31 tonnes of gold held at the Bank of England in a plan to help finance reconstruction…
Blue Moon rejects short seller’s claims
Blue Moon Metals (TSXV: MOON; Nasdaq: BMM) is defending its main Nussir copper project after short-seller Viceroy Research questioned permits, financing and broader development strategy, while an analyst firm says…
CHART: Mining stocks enjoy a $210-billion fortnight
So far in August the combined U.S. dollar market capitalization of the MINING.COM TOP 50 rose from $2.17 trillion to $2.38 trillion. That is $210 billion in seven sessions, three…
Processing, not output, may decide metal shortages
Critical-mineral shortages through 2035 may depend as much on whether miners can reliably process and deliver usable material as on whether enough tonnes are mined, according to GEM Mining Consulting….
Rio’s Tomago smelter wins A$1.76B government lifeline
Australia and New South Wales have committed A$2.5 billion (US$1.76 billion) to keep Rio Tinto’s (ASX, NYSE, LSE: RIO) majority-owned Tomago aluminium smelter open beyond 2028 after high electricity costs…
Newmont backs junior Headwater on 3rd Nevada project
Newmont (NYSE, ASX: NEM; TSX: NGT) has agreed to earn control of Headwater Gold’s (CSE: HWG; US-OTC: HWAUF) Jupiter gold project in Nevada by covering exploration costs and completing a…
G Mining hikes cost forecast on labour, royalties
Operating expenses at South America-focused gold producer G Mining Ventures (TSX: GMIN; US-OTC: GMINF) will be about 12% higher this year due in part to labour-cost inflation and increased royalty…
Vale speeds Salobo copper expansion, cuts costs
Vale’s (NYSE: VALE) Base Metals (VBM) unit is adding about 30,000 tonnes of annual production at its Salobo mine, Brazil’s largest copper operation, after cutting capital costs and accelerating first…