JSW Steel considers 75% interest in Teck’s coal business
JSW Steel is considering forming a consortium to bid for a 75% interest in Teck Resources’ (TSX: TECK.A/TECK.B; NYSE: TECK) steelmaking coal business, according to a Bloomberg report In July,…
Asia
Chaarat Gold sells Kapan mine in Armenia for US$54.5M
Chaarat Gold Holdings (LSE: CGH) is selling its only operating mine, Kapan, for US$54.5 million ($73.4 million) to Armenian miner Gold Mining Company. The miner, which once tried buying Centerra’s Kumtor…
Barrick CEO criticizes western funds’ shortsightedness, adds praise to Saudi’s PIF
Western fund managers should follow in the footsteps of sovereign wealth funds that are investing in mining projects in some of the world’s riskiest jurisdictions, Barrick Gold (TSX: ABX; NYSE:…
Erdene to pour first gold at Mongolia mine in 2025
Erdene Resource Development (TSX: ERD) said on Tuesday it expects to pour first gold at its Bayan Khundii project in southwestern Mongolia in late 2025, when it will become one…
The Metals Company stock surges on US$27M capital raise
The Metals Company (NASDAQ: TMC), an explorer of lower-impact battery metals from seafloor polymetallic nodules, has announced a registered direct offering that would see the company raise gross proceeds of…
Commentary: Like Frodo, we should embrace our enemy’s enemy
Professor J.R.R. Tolkien died 50 years ago, and we can learn from his hero in Lord of the Rings, Frodo Baggins, who made an expedient choice for his guide into…
RANKED: World’s largest clay and hard rock lithium projects
The lithium market has been in turmoil with dramatic price swings over the last few years as demand from electric cars take off and global supply growth tries to keep up. Junior…
Chaarat Gold mulls sale of Kapan, its only operating mine
Chaarat Gold Holdings (LSE: CGH), the company that once tried buying Centerra’s Kumtor mine in the Kyrgyz Republic, revealed on Friday that it’s considering the sale of its only operating mine, Kapan,…
How chilly relations with China are playing out for Canada’s miners
As the world’s largest metal consumer, the second largest economy in the world, and the largest funder of overseas metal projects, China’s impact on the mining business globally cannot be…
Canadian deep-sea miner TMC to seek licence in 2024
Canada’s The Metals Company (NASDAQ: TMCWW) is ready to apply next year for a licence to start mining the seabed, with production expected to start as early as the fourth quarter of…
How Rainbow Rare Earths plans to bootstrap itself onto the global stage
Rainbow Rare Earths (LSE: RBW) is making strides in the rare earths sector as its Phalaborwa project in South Africa underpins an aggressive international growth strategy. While pilot-scale production at…
Almonty advances Sangdong tungsten mine in South Korea
The summer is shaping up to be a busy time for Almonty Industries‘ (TSX: AII; US-OTC: ALMTF; ASX: AII) as development of its Sangdong Tungsten mine in South Korea ramps…