World Bank backs $1.4B for Chile’s copper giant
The World Bank Group is holding up a financing structure used by Chile’s state-owned Codelco as a model for mineral-rich countries seeking to attract long-term private capital while reducing mining’s…
Africa
Mining Forum: Friedland wants to kill the SAG mill
COLORADO SPRINGS, Colo. – Robert Friedland wants to replace mining’s power-hungry grinding mills with short bursts of electricity that shatter ore from the inside. The Ivanhoe Mines (TSX: IVN; US-OTC:…
Montage pours first gold at Koné ahead of schedule
Montage Gold Corp. (TSX: MAU; US-OTC: MAUTF) has poured first gold at its flagship Koné mine in Côte d’Ivoire, beating an accelerated schedule as the developer shifts into production. The…
Rainbow taps Neo to advance South African rare earths
Rainbow Rare Earths (LSE: RBW) has selected Neo Performance Materials (TSX: NEO) to help design the final separation circuit at its Phalaborwa rare earths project in South Africa, clearing the…
TD sees rhodium surplus ending four-year squeeze
Rhodium prices are poised to fall as weakening autocatalyst demand pushes the market into surplus next year, though exceptionally thin inventories leave the rare metal vulnerable to sharp supply-driven rallies,…
Ex-Gold Fields CEO targets $1B Africa mining fund
Former Gold Fields (JSE, NYSE: GFI) CEO Chris Griffith has joined a private equity venture seeking to raise $1 billion to invest in African critical minerals, four years after leaving…
Mali setbacks force Resolute to cut Syama outlook
Resolute Mining (ASX, LSE: RSG) has cut 2026 production guidance for its Syama gold mine in Mali by about a quarter as supply disruptions and mining constraints restrict access to…
US backs Global Atomic’s Niger uranium mine with $414M loan
Canadian uranium developer Global Atomic (TSX: GLO) has won conditional support for a $414.2 million (C$580 million) U.S. government loan to build its Dasa mine in Niger, reviving financing that…
Copper mine supply risks first decline since 2017: Sprott
Global mined copper production could fall this year for the first time in nearly a decade even after prices hit records, as disruptions, declining grades and weak Chilean output expose…
Nigeria mining crackdown under fire after 37 die
Thirty-seven people arrested in a Nigeria government crackdown on suspected illegal mining died while in custody, sparking protests and scrutiny of the country’s mining enforcement drive. Niger state on Friday…
Aya logs high-grade, shallow silver in Morocco
New drilling by Aya Gold & Silver (TSX, NASDAQ: AYA) its Zgounder mine in Morocco has extended high-grade silver mineralization around the existing open pit and in the central part…
Uranium miners race to catch surging nuclear demand
The uranium market is slipping into a structural deficit as surging nuclear demand outpaces the development of new mines. Global uranium exploration and development spending exceeded $1.78 billion in 2023…