Glencore trading profit poised for best-ever year
Glencore (LON: GLEN) said on Friday that the first-half year profit from its commodities trading unit is on track to achieve its annual earnings target in the first six months…
News
Miners must invest in critical minerals or risk energy transition
The world’s biggest miners need to aggressively invest in critical metals or will hold back the global energy transition away from fossil fuels, a new report shows. According to PwC’s 19th…
PDAC 2022: Promising diamond, gold exploration might fill economic void after diamond mines close, says NWT industry minister
The planned closure of three producing diamond mines in the Northwest Territories in the next few years will open a gap in the territorial economy, but the N.W.T.’s industry minister…
Amex cuts more high grade gold at Perron as it builds towards H2 2022 initial resource
Amex Exploration (TSXV: AMX; US-OTC AMXEF) continues to report high grade results from the Eastern gold zone of its Perron gold project, located 110 km north of Rouyn-Noranda in Quebec….
PDAC 2022: As ESG both drives metal demand and constrains supply, miners will be forced to innovate, says Teck’s Jeff Hanman
Mines of the future will need software developers, data analysts and even bio-technology scientists to be able to meet the rising of demand of metals, needed for decarbonization, in an…
Calibre gets permit for Pavon central as it aims to start production in 2023
Calibre Mining (TSX: CXB; US-OTC: CXBMF) has received an environmental permit for the development and production of the company’s Pavon central deposit in Nicaragua. In 2021, Calibre initiated production at…
BHP to shut Mt Arthur coal mine as buyers walk
BHP’s (NYSE: BHP; LSE: BHP; ASX: BHP) planned exit from thermal coal has been modified as the company has decided to keep its Mount Arthur mine, New South Wales’ largest…
PDAC 2022: Investment bankers see capital returning to mining – once market risks abate
Despite strong commodity prices, money has not been flowing into the mining sector — and that is likely to be the case as long as market volatility and uncertainty continue,…
PDAC 2022: Canada’s long and winding road towards building battery ecosystem
From a lack of skilled professionals to rising costs due to inflation amidst the pressure to quickly build an entirely new industry, Canada must overcome several obstacles before it can…
Kinross Gold sells Russian assets at half the agreed price
Kinross Gold (TSX: G; NYSE: KGC) said on Wednesday it had sold its Kupol mine and Udinsk project in Russia to Highland Gold Mining for a total of $340 million in…
Critical Elements delivers Rose lithium feasibility study with US$1.9B after-tax NPV
Critical Elements (TSXV: CRE; OTC: CRECF) has delivered a new feasibility study on its wholly owned Rose lithium-tantalum project situated in the Eeyou-Istchee, James Bay region of Quebec, confirming the potential…
Multi-stakeholder collaboration needed to rise to meet the battery metal boom
For investors and companies involved in the extraction industries, it has been impossible to ignore the meteoric rise of battery materials in recent years. Over the course of 2021, cobalt…