The Canadian province of Saskatchewan has vowed to compete with China in processing and production of rare earths and become the first North American commercial alternative source for the metals, used to make magnets for electric vehicles and wind turbines.
Monday, September 23, 2024 - 15:38:49
Mining companies’ rising asset retirement obligations (AROs) could exceed the industry’s debt obligations by 2033, according to a new report by Moody’s Ratings.
Monday, September 23, 2024 - 15:37:15
Iron ore futures fell on Monday to their lowest in more than a year, as investors weighed prospects of soft China demand amid an uneven economic recovery and stronger supply against fresh monetary easing measures by the world’s top consumer.
Monday, September 23, 2024 - 15:30:41
Nippon Steel plans to sell at least 30 billion yen ($211 million) in assets in this fiscal year to manage its debt, the Nikkei quoted its vice chairman as saying on Friday, as it waits to know the fate of its $14.9 billion bid for US Steel.
Friday, September 20, 2024 - 22:41:41
Hancock Prospecting, owned by Australian mining tycoon Gina Rinehart, has received final approval from the Federal Government to develop a new iron ore mine in Western Australia’s Pilbara region.
Friday, September 20, 2024 - 22:35:07
Russia’s Nornickel opened an R&D centre in St. Petersburg on Monday to study the use of nickel-containing cathode active materials in electric batteries, marking the first stage of the Russian firm’s entry into battery production.
Tuesday, September 24, 2024 - 15:42:14
First Quantum Minerals has temporarily suspended operations in the area of a fatal accident at its Kansanshi copper mine in Zambia, the Canadian miner said on Monday.
Monday, September 23, 2024 - 15:40:54
The United States has backed an Australian lithium and a rare earths project with up to $786 million in debt funding as Western countries seek to build supply chains for critical minerals.
Monday, September 23, 2024 - 15:39:58
In the dusty, treeless outback of Southern Australia, a brand new mining camp is home to a hundred workers, putting in 12-hour days, two weeks at a time. Dozens of trucks are scattered across the vast acreage, mounted with towering rigs drilling more than 2 kilometers (1.3 miles) underground. All are focused on the hunt for one of the world’s most coveted minerals: copper.
Friday, September 20, 2024 - 22:47:49
Commodity trader Trafigura plans to name Richard Holtum as its new chief executive as soon as next week, the Financial Times reported on Friday, citing people briefed about the matter.
Friday, September 20, 2024 - 22:44:17
A months-long surge that has seen gold break successive records is drawing in more followers, as interest in physically backed exchange-traded funds gathers pace and more buyers seek to hedge against macroeconomic and geopolitical uncertainties.
Friday, September 20, 2024 - 22:29:42
Gold-rich Sudan discussed boosting cooperation in the mining sector with Russia, as Moscow strengthens ties with the North African nation’s military-led government amid a 17-month civil war.
Wednesday, September 18, 2024 - 21:11:03
Gold may face a minor, near-term setback if the Federal Reserve opts for just a 25-basis-point cut this week, but the metal will subsequently rally to a record aided by rising flows into bullion-backed exchange-traded funds, according to Goldman Sachs Group Inc.
Tuesday, September 17, 2024 - 13:44:10
Goldman Sachs on Monday cut its iron ore price forecast for the fourth quarter of 2024 by $15, to $85 per metric ton, citing market oversupply even though demand from top consumer China is stabilizing.
Monday, September 16, 2024 - 17:48:32
Zimbabwe plans to tackle rampant gold smuggling by increasing surveillance at mining sites, Mines Minister Winston Chitando said Monday.
Monday, September 16, 2024 - 17:02:44
A gas explosion in a coal mine in Iran’s South Khorasan province killed at least 38 people, Iran’s state media said on Sunday.
Monday, September 23, 2024 - 15:32:06
The world needs more mines to cope with rising demand for key energy-transition metals like copper, as mergers and acquisitions will not plug a looming supply gap, Rio Tinto group chairman Dominic Barton said.
Sunday, September 22, 2024 - 22:57:08
BHP has provided $CAD250,000 ($270,565) in funding to support the Meewasin Valley Authority in preserving one of Canada’s most significant natural landscapes.
Thursday, September 19, 2024 - 21:52:27
Canadian miner Gold Reserve said on Thursday it has dropped out of a US court-organized bidding for shares in a parent of Venezuela-owned oil refiner Citgo Petroleum, citing court delays, and uncertainty over the sales process.
Thursday, September 19, 2024 - 21:44:47
The Chinese government on Wednesday pushed back on a US probe of whether China is helping its neighbor Russia dodge a US ban on Russian uranium imports saying Beijing has always opposed “illegal unilateral sanctions”.
Wednesday, September 18, 2024 - 21:21:10
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