Vale opens first phase of $945M copper complex expansion in Sudbury
Vale (NYSE: VALE), the world’s largest iron ore and nickel producer, has opened the first phase of a $945 million expansion at its Copper Cliff Complex South Mine in Sudbury,…
Canada
Turquoise Hill’s fifth largest investor to reject Rio Tinto’s US$3.3B takeover bid
Sailingstone Capital Partners, the fifth-biggest investor in Turquoise Hill Resources (TSX: TQR) said on Friday it will vote against Rio Tinto‘s (NYSE: RIO; LSE: RIO; ASX: RIO) intended US$3.3 billion…
Visualization: Lithium producers in ‘generational challenge’ to meet 2050 demand, finds BMI report
The world will need to produce 11.2 million tonnes of lithium carbonate equivalent (LCE) by 2050, or 20 times 2021 output, to meet growing demand from automakers and energy storage…
Electra begins commissioning of battery materials recycling demonstration plant in Ontario
Electra Battery Materials (TSXV: ELBM; NASDAQ: ELBM) has begun commissioning of the black mass recycling demonstration plant at its battery materials park located north of Toronto following the successful installation…
Mining’s problems are now the world’s problems, as lithium scale-up issues show
Lithium prices continue to hold near historic highs, even in the face of an anticipated global recession. Spot prices for both lithium carbonate and hydroxide are now hovering around US$70,000…
Marathon Gold begins early works at Valentine project in Newfoundland
Canada’s Marathon Gold (TSX: MOZ) has begun early site works at its proposed Valentine open-pit gold mine in central Newfoundland after satisfying pre-construction environmental assessment conditions. The project is expected to see full…
Video: Marimaca Copper confirms Chile discovery as one of decade’s largest
Developer Marimaca Copper (TSX: MARI; US-OTC: CROJF) has released an updated resource estimate for its namesake project in the Antofagasta region of northern Chile, confirming it as one of the…
S&P flags cooling exploration activity as market volatility bites
The latest reports from S&P Global Commodity Insights confirm an overall downward trend, with the market intelligence firm’s Pipeline Activity Index (PAI) falling to a 20-month low in August. In…
Thesis Gold tests recover 98% yellow metal from Ranch samples
Thesis Gold (TSXV: TAU; OTC: THSGF) says the first metallurgical tests on samples from its Ranch project in north-central British Columbia’s Golden Horseshoe have a gold recovery rate of between…
Rio Tinto sells Roughrider project to Uranium Energy for $150M
Uranium Energy (NYSE: UEC) has agreed to purchase 100% of the Roughrider project for $150 million from Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO). Rio will receive $80 million…
Rio Tinto in $737M decarbonization and critical minerals production push
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is investing up to $515 million over the next eight years to decarbonize its Fer et Titane (RTFT) operations in Sorel-Tracy, Que….
Cameco and Brookfield Renewable agree to US$7.9B Westinghouse nuclear services buy
Canada’s largest uranium producer Cameco (TSX: CCO) has announced a significant expansion into the nuclear services sector after agreeing to buy U.S.-based Westinghouse Electric with Brookfield Renewable Partners (NYSE: BEP)…