How not to drill a project, Part 2 — drill crew tensions lead to disaster
Strolling around PDAC in March, I ended up in the core shack, perusing all of the world class, upper quartile tier 1 discoveries guaranteed to become a mine one day….
Asia
Newmont makes ‘best and final’ bid for Newcrest
The world’s largest gold producer Newmont (NYSE: NEM; TSX: NGT) has upped its bid for Australia’s Newcrest Mining (TSX: NCM; ASX: NCM) to US$21.2 billion from the original implied value…
FPX Nickel and Japan agree to explore globe for ‘disruptive’ awaruite
Japan plans to fund global exploration by Canada-based FPX Nickel (TSXV: FPX; US-OTC: FPOCF) to find low-carbon awaruite while earning into its Klow project in British Columbia, according to a…
Barrick Gold, PNG ink new deal to restart Porgera mine
Through the New Porgera Progress Agreement (NPPA) all parties have committed to resume Porgera’s operations as soon as possible.
Video: Why mining is about to hit the decarbonization ‘tipping point’
Canadian Mining Journal Editor-in-Chief Tamer Elbokl talked to Mark Fellows, director and cofounder of Skarn Associates, about the mining sector’s efforts to reduce carbon emissions during the PDAC convention in…
Video: Patricia Mohr outlines Canada’s key advantages in the critical minerals space
Canadian Mining Journal Editor-in-Chief Tamer Elbokl spoke with economist, founder of the publication Critical Metals for a Sustainable World, and former vice-president with Scotiabank, Patricia Mohr at PDAC 2023 in…
Mitsubishi to buy 5% stake in Western Copper to advance Casino project in Yukon
Western Copper and Gold (TSX: WRN; NYSE-AM: WRN) announced Friday a strategic equity investment by Japan’s Mitsubishi Materials to advance the company’s Casino copper-gold project in Yukon towards development. Mitsubishi…
WoodMac expects steel, aluminum and copper to benefit most from renewed Chinese growth
A new report by market analyst Wood Mackenzie argues that steel, aluminum, and copper stand to benefit most from an uptick in China’s gross domestic product growth this year. WoodMac…
Kazatomprom’s 2022 profit doubles as it lowers 2023 production guidance
Kazatomprom (LSE: KAP) reported a 115% increase in full-year 2022 earnings on Friday, thanks to a 31% increase in the average realized uranium price. Despite the solid financial performance, the…
Rio Tinto starts underground production at Oyu Tolgoi
Rio Tinto on Monday said it had begun underground production at its Oyu Tolgoi copper mine in Mongolia. Since the agreement between the government of Mongolia and Rio Tinto in…
PDAC: Target investment, rally society to compete with China, says banking panel
Prices and supplies of critical metals will increasingly hinge on government policy and geopolitical tensions, three of Canada’s top bankers said Monday at PDAC. Speaking on a panel moderated by…
Armenia approves restart of Amulsar gold mine
The government of Armenia has inked a US$250-million deal with Lydian Armenia, the company who owns the licence to operate the vast Amulsar gold mine, effectively allowing the resumption of…