Australia’s Wyloo proposes ‘Future Metals hub’ for Ontario
After announcing its intention last week to make a $133 million offer to acquire Noront Resources (TSXV: NOT), Australia’s Wyloo Metals still hasn’t made a formal bid for the Ring…
Australia, NZ & South Pacific
Danakali to use filtered sea water at Colluli potash mine
Australia’s Danakali (ASX: DNK; LSE:DNK) says filtered seawater is a reliable, unlimited and economic option to use in the sulphate of potash (SoP) production process at its Colluli project in…
Rio Tinto puts last diamonds mined at iconic Argyle up for sale
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has unveiled a preview of its final showcase of rare pink, red and blue diamonds from its iconic Argyle mine in the…
Rio Tinto, Antipa more than double JV deposit gold resource
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has more than doubled the inferred mineral resource of the Calibre gold deposit at its Citadel copper-gold project, a joint venture with…
Australia’s Macquarie bank to exit coal by 2024
Australia’s investment bank Macquarie Group said on Friday it will stop financing coal projects by 2024, adding to a long list of local financial institutions that have withdrawn their support…
Rio Tinto shareholders reject former CEO’s exit package
A majority of Rio Tinto’s (NYSE: RIO; LSE: RIO; ASX: RIO) shareholders oppose the exit package handed to former chief executive Jean-Sébastien Jacques, ousted after the destruction of sacred rock shelters in…
Metals price rally could hamper switch to green energy — IEA
Soaring metals prices may be good for miners, but they risk the ongoing transition to clean energy as batteries, solar panels and wind turbines need considerable amounts of copper, nickel,…
Deep-sea mining tests resume as lost robot rescued
Belgium’s Global Sea Mineral Resources (GSR) has resumed tests that could lead to the mining of battery minerals from the Pacific Ocean floor after it managed to recover a robot…
RANKED: World’s top 10 biggest gold mines
Despite being adversely affected by the Covid-19 pandemic, global gold production still surpassed 100 million ounces in 2020 and is expected to bounce back this year as economies continue to recover…
Greenland Minerals seeks talks with new gov’t over fate of rare earths project
Australia’s Greenland Minerals (ASX: GGG) said today it is seeking to engage in talks with Greenland’s authorities over its Kvanefjeld rare earth project, as the newly-formed government opposes the development….
Orocobre and Galaxy Resources to merge in $3B deal
Lithium miners Galaxy Resources (ASX: GXY) and Orocobre (TSX: ORL; ASX: ORE) have agreed to a merger that would create a US$3.1 billion (A$4 billion) company, set to be the world’s fifth largest producer…
US markets mixed, April 12-16
The Dow Jones Industrial Average rose 1.18% to finish the week at 34,200.67 and the S&P 500 fell 0.77% to 3,913.10. Spot gold rose US$32.30 per oz., or 1.85%, to US$1,776.50…