Global copper surplus swells — report
The world’s surplus of refined copper quadrupled in the first half of 2024 compared to a year ago following a growth in production and recovery in mine output, preliminary data…
Africa
People in Mining: Stephen Stewart’s tactical moves lift Ore Group on several fronts
A decade ago, Stephen Stewart launched Ore Group with a clear strategy: capitalize on distressed assets from the global financial crisis and develop them into high-potential projects. His approach has…
Congo copper exports to US begin via Angola railway to Atlantic
A cargo of copper cathodes is headed to Baltimore after arriving by train at the port of Lobito in Angola on Monday.
Perseus sells Montage Gold stake for $61M
Perseus Mining (ASX, TSX: PRU) has divested its equity stake in Canada’s Montage Gold (TSXV: MAU) for $61.4 million to help finance an investment in a Guinea gold project. The…
Lucara finds world’s 2nd largest diamond ever mined
Canada’s Lucara Diamond (TSX: LUC), has dug up a 2,492-carat diamond from its prolific Karowe mine in Botswana, the world’s second-largest stone ever mined by size. The “epic” diamond, as…
Heavy rains to threaten 25% of world’s copper projects by 2050
Copper extraction is crucial to the energy transition, but a quarter of sites mining the metal face a rising threat from the impacts of climate change by mid-century, according to…
Electra surges on US$20M Washington funding for Ontario cobalt refinery
Electra Battery Materials’ (TSX-V: ELBM; NASDAQ: ELBM) shares jumped 40% Monday on news it received US$20 million from the United States’ Department of Defense (DoD) to help develop its cobalt…
Ivanhoe’s giant Kamoa-Kakula hits stage 3 commercial copper production in Congo
Ivanhoe Mines’ (TSX: IVN; US-OTC: IVPAF) Kamoa-Kakula copper mine, the world’s third-largest, has reached stage three commercial production in the Democratic Republic of Congo (DRC), the company said Monday. The…
Video: Aurania pivots from Ecuador to Europe
Aurania Resources (TSXV: ARU; US-OTC: AUIF), led by a key member of the Aurelian Resources team that discovered the rich Fruta del Norte gold mine in Ecuador, is turning away…
Video: EMX Royalty touts record cash flows as portfolio matures
EMX Royalty (TSXV: EMX; NYSE-AM: EMX) has changed from prospect generator to cash generator, reporting a record US$37 million in revenue last year, CEO David Cole says. This growth is…
JV Video: Dundee’s Clevr tech avoids cyanide in gold processing alternative
Dundee Corp.’s (TSX: DC-A) Clevr process, a cyanide-free method for gold recovery, could boost mining in regions where the toxin’s use is controversial or restricted, president and CEO Jonathan Goodman…
Video: ‘Grade smearing’ top junior sector misdeed, Brent Cook says
Retail investors can struggle to make sense of drill results, but some junior mining explorers make things worse with misleading reporting practices that inflate the value of their projects, industry…