Uranium Energy to buy Rio Tinto’s Wyoming assets for US$175M
Uranium Energy (NYSE-AM: UEC) has agreed to buy Rio Tinto’s (NYSE: RIO; LSE: RIO; ASX: RIO) uranium assets in Wyoming, which include the fully-licensed Sweetwater plant and a portfolio of…
Australia, NZ & South Pacific
CHART: Global mining and metals – a reality check
A new report by McKinsey’s energy and materials practice outlines a global mining and metals industry emerging from a few years of boom and bust and price fluctuations the consulting…
Rinehart’s Hancock Prospecting secures permit for McPhee iron ore mine
The McPhee Creek project, about 100km north of Rinehart’s Roy Hill mine, was originally slated to begin ore production in 2023.
US closer to greenlighting ioneer’s Nevada lithium mine
The U.S. Bureau of Land Management (BLM) cleared on Thursday one of the final regulatory hurdles for ioneer’s (ASX: INR) Rhyolite Ridge lithium mine in Nevada, a project that would…
Winsome study pegs Adina lithium project cost at US$260M, using ex-diamond plant
Australia’s Winsome Resources (ASX: WR1) said a scoping study reinforces the US$260-million Adina lithium project’s potential as a capital-efficient mine with a 17-year life in Quebec. Repurposing the dense media…
BofA sees strong 2025 for copper, while iron ore prices to drift lower
While the outlook for iron ore appears grim, BofA remains bullish on copper due to strong structural demand.
Tribal warfare kills at least 20 near Porgera mine in PNG
Tribal warfare near Barrick Gold‘s (TSX: ABX: NYSE: GOLD) 49%-owned Porgera gold mine in Papua New Guinea has escalated into a violent shootout that’s killed at least 20 people and…
Dearth of quality new gold discoveries to crimp supply — report
In recent years, gold discoveries around the world have become more scarce and smaller in size, dampening the outlook for future supply of the metal, according to the latest analysis…
Chinese investor steps in to block Paladin’s Fission buy
Australia’s Paladin Energy (ASX: PDN) has hit a roadblock in its proposed acquisition of Canada’s Fission Uranium (TSX: FCU) after a Chinese investor in the takeover target opposed the tie-up. …
Atlantic Mining to pay Nova Scotia $80M gold mine clean-up bond as it appeals conditions
The Nova Scotia subsidiary of Australia’s St Barbara (SBM:ASX) says the province has agreed to accept the remaining $38.7 million of a bond by the end of the month for cleaning…
Australia’s $2.4B market cap Westgold joins TSX
A shower of confetti and an electronic bell ring at the Toronto Stock Exchange Friday morning welcomed Westgold Resources (ASX: WGX; US-OTC: WGXRF; TSX: WGX) as its newest listed company. The $2.4-billion…
AngloGold Ashanti to buy Centamin for US$2.5 billion
Deal hands AngloGold Egypt’s largest and first modern gold mine, and will make it the world’s no.4 producer of the precious metal.