Indonesia grants Vale a mine permit extension to 2035
Indonesia has granted Vale’s (NYSE: VALE) local unit a special mining permit extension as part of a wider deal that will see state-owned holding, MIND ID, acquire an additional 14%…
Asia
Video: Nuclear will help but fossil fuels aren’t leaving, mining investor Gilchrist says
The world will never be able to produce enough metals for a green energy transition without fossil fuels and more nuclear plants, says Brent Gilchrist, CEO of investment firm Deans…
Underwater power play for metals in full swing
Despite its stranglehold on mining and processing, there’s one arena of critical minerals that China doesn’t control – underwater resources. No one does, as deep sea mining has yet to…
Bullion demand rises on central banks, East-West investor flip-flop, gold council says
Gold demand increased 3% during the first quarter because of buying by central banks, Asian investors and jewellers, the World Gold Council says in a new report. Purchases rose to…
Mosaic sells Saudi JV stake to Ma’aden for US$1.5B
U.S. fertilizer company Mosaic (NYSE: MOS) is selling its 25% stake in a US$8 billion Saudi Arabian phosphate production joint venture to the country’s flagship miner Ma’aden, in a stock…
Miners struggle to finance projects even amid surging battery metal demand, IEA says in forecast
EVs could reach 17 million in 2024, accounting for more than one in five cars sold worldwide, according to the International Energy Agency.
Rio Tinto, Eramet submit plans to develop lithium extraction tech in Chile
Miners Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) and Eramet, along with battery maker LG Energy, are among 30 companies from 12 countries that have presented plans to develop…
Rio Tinto to favour building new copper mines over M&A, exec says
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) will prioritize developing new copper mines over acquiring new ones to achieve its goal of producing 1 million tonnes of the metal…
Video: Resource Capital Funds partner on how juniors can survive the capital crunch
Private equity brings countercyclical investment strategies that can be a lifeline for junior explorers and miners in a down market, Resource Capital Funds partner and head of credit David Halkyard…
OceanaGold gets initial approval for Philippine unit’s IPO
OceanaGold (TSX: OGC; US-OTC: OCANF) said on Monday that it has obtained preliminary regulatory approval for an initial public offering (IPO) of its Philippines-based subsidiary, through which it holds the…
Rio Tinto promotes copper boss Bold Baatar to commercial chief
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has promoted copper executive Bold Baatar to the post of chief commercial officer, in a move deemed by analysts as a clear…
JV Article: Huawei takes smart mines to the next level
The mining industry, still considered by many to be one of the most technology-adverse sectors, has embarked on a journey to revolutionize its operations that goes beyond automation and touches…