Forrest’s $133M tungsten bet rockets EQR shares
Mining billionaire Andrew Forrest has agreed to buy a 17% stake in EQ Resources (ASX: EQR) from Oaktree Capital Management, sending the Australian tungsten producer’s shares to their biggest gain…
Australia, NZ & South Pacific
AI emerges as new driver of rare earth demand: Sprott
Artificial intelligence is emerging as an unexpected new source of demand for rare earth elements, adding to military and clean-energy consumption just as Western governments pour billions of dollars into…
Malaysia probes Lynas’ Pentagon rare earths deal
Malaysia is scrutinizing Lynas Rare Earths’ (ASX: LYC) $96-million supply agreement with the U.S. Department of Defense after a parliamentary committee reviewed whether the deal could affect the country’s support…
BHP’s first port strike in 26 years rattles iron ore supply
Union action at Port Hedland raises fresh concerns over iron ore exports as wage negotiations remain deadlocked.
Genesis boss says Vault merger is perfect pairing to create 3rd-biggest Aus-listed gold miner
Genesis Minerals (ASX: GMD) says its proposed merger with Vault Minerals (ASX: VAU) is the “perfect pairing” to create Australia’s third-largest locally-listed gold producer with A$2 billion (US$1.4 billion) in…
India to invest in foreign uranium mines
India’s state-owned power producer NTPC is looking to help finance overseas uranium mines to fuel the country’s plan to massively expand nuclear power generation in the coming decades. The world’s…
Regis ends Vault chase, clearing way for Genesis deal
Australia’s Regis Resources (ASX: RRL) has abandoned its pursuit of Vault Minerals (ASX: VAU), clearing the way for Genesis Minerals’ (ASX: GMD) $3.9 billion (A$5.6-billion) takeover of the gold producer….
BHP strike threat fuels iron ore’s best week since May
Iron ore prices are headed for their biggest weekly gain since early May as a looming strike at BHP‘s (NYSE, LSE, ASX: BHP) Port Hedland export terminal raises supply concerns…
Deep-sea mining threatens 60% of vent species: IUCN
More than 60% of the rare mollusc species living around deep-sea hydrothermal vents face extinction from proposed seabed mining, prompting the International Union for Conservation of Nature (IUCN) to renew…
Rio Tinto hands Sovereign full control of Malawi graphite project
The move strengthens Kasiya’s position as a potential non-Chinese supplier of rutile, graphite and rare earth products.
Creating mining districts could unlock billions: study
Mining companies could unlock billions in additional value by treating nearby operations as integrated mining districts rather than standalone assets, according to a study by GEM Mining Consulting. The firm’s…
Genesis trumps Regis with $3.9B takeover bid, 14% premium for Vault
Vault Minerals said its directors unanimously determined the new offer to be better than the all-stock agreement with Regis reached in May.