Glencore workers brace for Mount Isa layoffs
Glencore (LSE: GLEN) is set to shut its final two copper mines in Mount Isa, Queensland, next week, ending more than six decades of operations and marking the company’s exit…
Australia, NZ & South Pacific
Copper M&A sees Kinterra buy New World
The months-long takeover battle for Australian copper developer New World Resources (ASX: NWC) is drawing near a conclusion after Canadian private equity firm Kinterra Capital lodged an improved offer to…
AVZ slams Congo-KoBold deal
Australia-based AVZ Minerals (US-OTC: AZZVF) said on Monday a new agreement between the Democratic Republic of Congo (DRC) and U.S.-backed KoBold Metals violates an international arbitration order tied to the…
Lifezone cuts Kabanga project value to $1.6B
Lifezone Metals‘ (NYSE: LZM) feasibility study for the flagship Kabanga nickel project cuts the asset’s net present value and mine life while boosting production costs compared with a more speculative…
SolGold’s accelerates Cascabel copper to 2028
SolGold (LSE, TSX: SOLG) is fast-tracking the development of its flagship Cascabel copper-gold project in northern Ecuador, with first production now expected in 2028, three to four years ahead of…
Laramide wins development licence for uranium project
Uranium explorer Laramide Resources’ (TSX, ASX: LAM; US-OTC: LMRXF) subsidiary Tackle Resources has been been granted a mineral development licence (MDL) for its Westmoreland project in northwestern Queensland, Australia. The…
Rio picks iron ore boss Trott as new CEO
Rio Tinto (ASX, LSE: RIO) has chosen Simon Trott, head of the company’s iron ore unit, as its new CEO, selecting a 20-year company veteran to steer the mining giant…
Gold price outlook strong amid unknowns: council
Gold remains a top-performing asset heading into the second half of 2025, with prices up 26% year-to-date, according to the World Gold Council’s mid-year outlook. The surge is driven by…
Global mining deaths rise for second straight year
Fatalities in the global mining industry rose for a second consecutive year in 2024, the International Council on Mining and Metals (ICMM) said in its latest annual safety report. ICMM’s…
JV video: Vista Gold shrinks Mt Todd project to cut costs
Vista Gold (TSX: VGZ; NYSE-AM: VGZ) has recast its Mount Todd project in Australia as a single, “right-sized” mine aimed at cutting upfront capital by roughly 60%, CEO Fred Earnest…
China’s mining investment sets new record
China’s overseas mining investment has soared to its highest level in over a decade, driven by Beijing’s push to secure critical raw materials amid rising geopolitical tensions. There were 10…
Kinterra scores win in New World Copper takeover bid
Australia’s Takeovers Panel has blocked New World from issuing shares to CAML, giving Kinterra time to contest the deal.