Editorial: Industrial power returns
For much of the past three decades, mining executives struggled to convince governments that minerals were strategic assets. They no longer have to make that case because the world has made it…
Australia, NZ & South Pacific
South32 breaks decade-long US permit curse in Arizona
South32‘s (ASX: S32) Hermosa zinc-silver project in southern Arizona has secured final federal approval in just over two years, becoming the first mining project to complete the US FAST-41 permitting…
Evolution to buy Carnaby in $149M copper-gold deal
Evolution Mining (ASX: EVN) agreed to buy Carnaby Resources (ASX: CNB) in an all-stock deal valued at about A$213 million (US$149 million) that would give the Australian gold producer a…
BHP, unions fail to reach Port Hedland wage deal
BHP (LSE, NYSE, ASX: BHP) and unions representing workers at its Port Hedland iron ore operations in Australia have ended wage negotiations without reaching a new agreement, but further talks…
Sundance Resources awarded $616M after Cameroon’s ‘unlawful’ iron ore project grab
Sundance Resources has won a $616-million (C$870-million) arbitration award after an International Chamber of Commerce tribunal found Cameroon breached its legal obligations over the Mbalam-Nabeba iron ore project. The Perth-based…
Laramide sees $741M value for uranium mine
An updated study for Laramide Resources’ (TSX, ASX: LAM; US-OTC: LMRXF) proposed Westmoreland uranium mine in Australia values the project at about $741 million (C$1.04 billion) – almost twice the…
Gold, silver prices rebound as US-Iran war spreads
Gold and silver jumped on Wednesday as a sharp escalation in the United States war on Iran sent oil surging and investors scrambling back into havens, with buyers willing to…
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…
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…