Miners seek exemption from Canadian tax hike to save equity deals
Canada’s mining industry is pushing for an carveout to the federal government’s proposed increase to capital gains taxes, warning the hike will make it harder for junior miners to raise money to find new mineral deposits.
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Visit: 38
Chinese miners see opportunities as BHP’s mega bid unfolds
China’s leading metals companies, including its state iron ore buyer, are considering their next moves following BHP Group’s blockbuster $39 billion approach for rival Anglo American Plc, potentially the largest mining deal in over a decade.
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Visit: 46
E-haul trucks could result in major savings for miners but adoption is slow
A new report by IDTechEx states that investing in e-haul trucks could result in major savings for miners due to the replacement of diesel with cheaper electricity, as these vehicles have the most intensive duty cycles of any vehicle in a mine.
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Visit: 65
Ghana miners seek termination of Future Global Resources’ lease
Ghana Mine Workers Union is demanding the termination of the mining lease of Future Global Resources Ltd. because the company lacks the finances to invest and operate the Bogoso-Prestea gold mine it acquired more than three years ago.
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Visit: 54
Chinese miners eye overseas deals after battery metals slump
Battery metal prices are on the floor, and massive expansions by Chinese miners have been instrumental in driving them lower. Now, with many Western rivals cutting output or shutting down entirely, they want to get even bigger.
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Visit: 176
Criminals’ attempt to kidnap Peruvian miners quashed
The Pataz Unified Command, whose members hail from the National Armed Forces and the National Police, detained three men in their mid-to-late twenties, who attempted to kidnap a group of miners in the La Libertad region, northwestern Peru.
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Visit: 89
Sprott Asset Management launches copper miners ETF
Sprott Asset Management has launched a Copper Miners exchange-traded fund (ETF), with Freeport-McMoRan, Antofagasta and Southern Copper Corp as its top holdings by weight, it said on Wednesday.
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Visit: 82
Northam CEO says South African platinum miners facing worst crisis in decades
Northam Platinum’s CEO said on Friday that platinum mining companies in South Africa, the world’s top supplier of the metal, are facing “severe” market conditions and are caught up in the worst crisis in three decades as prices plummet.
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Visit: 156
China’s top coal producing region tells miners to curb overproduction
China’s top coal-producing region of Shanxi has ordered miners to curb overproduction, according to a notice this week from authorities in the northern province, sparking a rally in coking coal futures on Wednesday.
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Visit: 102
Polymetal to drop out of top 10 gold miners on Russia sale
Polymetal International Plc will no longer rank among the world’s top 10 gold miners by output after the sale of its Russian business, which was sanctioned by the US last year due to the invasion of Ukraine.
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Visit: 121
Nine gold miners missing in Turkey after landslide
Nine miners were still missing eight hours after a landslide at an Anagold Mining operation in eastern Turkey on Tuesday, the energy ministry said, with rescue efforts underway.
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Visit: 156
Western miners lag as oil powers enter race for Africa’s critical metals
Risk aversion is likely to leave major Western miners lagging in a race to tap Africa’s reserves of critical raw materials that has gathered pace now Middle Eastern oil powers have begun to emulate China’s years of investment on the continent.
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Visit: 135
Lithium miners warn on plunging profits after price freefall
Two of China’s biggest lithium companies became the latest miners to issue stark warnings over the health of the battery metal industry, telling investors to prepare for tumbling profits and asset writedowns.
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Visit: 91
Brazil probes Mercado Libre sales of mercury used by illegal gold miners
Public prosecutors chasing illegal gold mining in Brazil’s Amazon region on Wednesday opened an investigation into on-line sales of mercury through Mercado Libre, Latin America’s largest e-commerce site.
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Visit: 115
Major miners pledge no exploration-related activities at world heritage sites
The International Council on Mining and Metals (ICMM) said on Wednesday that its members would stay away from exploration-related activities at world heritage sites and focus on ensuring no net loss of biodiversity at any mining sites.
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Visit: 89
Uranium miners posed to extend gains on supply crunch
Uranium-mining stocks are poised to extend their red-hot run in 2024 as a supply crunch sends the price of the yellow metal even higher, according to Sprott, a commodities-focused investment manager.
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Visit: 105
Uranium miners surge on $500 million US enrichment push
Shares in uranium miners jumped globally after the US said it’s soliciting bids to boost domestic production of nuclear fuel in an effort to bolster national energy security.
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Visit: 91
Zimbabwe rescues all 15 trapped miners alive
Rescuers on Sunday pulled out all 15 subsistence mine workers who were trapped in an underground shaft at Redwing mine in Zimbabwe after it collapsed on Thursday, a government spokesman said.
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Visit: 244
Mexico finds first remains of coal miners lost in 2022 accident
Mining News Pro - Mexican authorities have located remains from two of the 10 coal miners trapped and killed at the El Pinabete mine in the state of Coahuila in August 2022, the government said in a statement on Thursday.
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Visit: 110
Platinum miners’ underground protest in South Africa goes on
Mining News Pro - Impala Platinum Holdings Ltd. said an underground protest at one of its mines in South Africa is unresolved, with more than 2,000 workers still below surface.
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Visit: 117
US miners miss out on tax credit granted to processors
Mining News Pro - The US has spelled out new rules for tax credits manufacturers can receive for domestically producing parts necessary for the energy transition — and there’s a clear divide for miners and processors.
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Visit: 188
Zimbabwe orders lithium miners to submit refinery plans by March 2024
Mining News Pro - Zimbabwe has given lithium miners up to March 2024 to submit plans for the local production of battery-grade lithium in a bid to benefit from growing demand for the clean energy mineral, Finance Minister Mthuli Ncube said on Thursday.
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Visit: 143
Copper miners, Chinese smelters agree first drop in fees in 3 yrs
Mining News Pro - Global miners on Friday reached agreements with Chinese smelters for a lower copper concentrate treatment and refining charges (TC/RCs) for 2024, the first drop in three years, sources familiar with the matter said.
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Visit: 165
Panama copper miners attacked by protesters, union boss says
Mining News Pro - Protesters attacked workers leaving the Cobre Panama mine early Sunday in an incident that left about eight people injured, a union leader said.
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Visit: 123
Fourteen informal miners killed in Suriname tunnel collapse
Mining News Pro - Fourteen informal gold miners were killed in a tunnel collapse in Suriname on Monday afternoon on a concession belonging to a subsidiary of Chinese state miner Zijin Mining, a Surinamese official said.
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Visit: 126