Niger coup does little to move uranium price
The global uranium industry is bracing for potential fallout from a recent military coup in Niger, accounting for about 5% of global nuclear fuel production. Several miners active in Niger…
Africa
How Madison Metals plans to disrupt junior finance with a uranium token
Industry veteran Duane Parnham sat at a cozy dinner table with his family last Christmas when inspiration struck. Watching his kids and in-laws engrossed in cryptocurrency trading gave Parnham, the…
Tennessee approves Piedmont Lithium plant as complex Carolina project slows
Piedmont Lithium (NASDAQ: PLL; ASX: PLL) says the government has granted it permits to construct a lithium hydroxide plant in Tennessee although the cost has increased by a third. The now-US$800…
Rio Tinto inks earn-in deal for lithium project in Rwanda
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is making its first foray into Rwanda by signing an earn-in investment and joint-venture agreement with African-focused Aterian (LSE: ATN) to develop…
TSX wrap for week of July 24: Base metals rise, Global Atomic shares drop
Over the July 24-28 trading period, the S&P/TSX Composite Index lost 28.14 points or 0.14%, to 20,519.37. The S&P/TSX Global Mining Index added 1.13 points or 1% to 110.62 and the S&P/TSX…
Ivanhoe eyes higher copper output from tailings reprocessing
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) says reprocessing tailings at its Kamoa-Kakula copper complex in the Democratic Republic of Congo has potential to increase its production of the red metal….
Saudi firm to buy 10% stake in Vale’s energy metals business
Vale (NYSE: VALE) has inked a binding agreement with Manara Minerals, a joint venture between Saudi Arabia’s state-owned miner Ma’aden and the kingdom’s Public Investment Fund. In this deal, Manara…
Amplats taps finance director to replace Viljoen as new CEO
Anglo American Platinum (JSE: AMS) — Amplats — has named its current finance director Craig Miller as the new chief executive officer of the company, effective Oct. 1. Miller will…
De Beers US$2.3B Venetia mine expansion yields first diamonds
De Beers, the world’s largest diamond producer by value, announced on Tuesday it had recovered the first diamonds from its new US$2.3-billion ($3 billion) underground operations at the Venetia mine in South…
What happened to graphite’s ‘lithium moment’?
Graphite has failed to deliver on its lithium moment that some analysts (myself, included) believed would materialize in 2023. When I say, ‘lithium moment,’ I mean a repeat of the…
Lucara underground Karowe diamond mine cost jumps 25% to US$683M
Lucara Diamond (TSX: LUC) has increased total preproduction costs for its Karowe underground diamond mine expansion to US$683 million, a 25% rise over its earlier estimate of US$547 million in…
GoviEx Uranium nearly triples resources at Zambia project
GoviEx Uranium (TSXV: GXU; OTCQX: GVXXF) saw most of the resource move into the measured and indicated categories and grades rise in an update for its Muntanga uranium project in…