Mining

Mining Recent News

Lundin Exits Europe For $1.5 Billion, Turns Focus To South America
Lundin Mining sells European mines to Boliden for up to $1.52B, focuses on South America. Neves-Corvo and Zinkgruvan boost Boliden's zinc production.
Rio Tinto CEO Defends London Listing, Outlines Future Growth Plans
Rio Tinto CEO Stausholm dismissed calls to abandon London listing, reaffirmed commitment to decarbonization and presented growth plans.
Rio Tinto Releases Initial Estimates for Argentina's Rincon Project, Activists Call For Consolidation
Rio Tinto unveils lithium project in Argentina, with 1.54M tons of LCE in resources and 53K ton annual production for 40 years. Critics urge change.
Politics Halt Norwegian Deep-Sea Mining, Environmentalists Look Toward Japan
Norway stopped deep-sea mining due to political pressure and environmental concerns. Japan's aspirations and global regulations add to the debate.
Northern Star Acquires De Grey For $3.3 Billion, Secures Promising Tier 1 Asset
Northern Star Resources announced $3.3B acquisition of De Grey Mining's Hemi gold project, boosting overall production to 2.5M ounces annually by 2029.
Aluminum Falls Short As Copper Substitute, Says Pacific Northwest Lab
Rising demand for copper in renewable energy systems and electric vehicles is leading scientists to explore alternatives like aluminum and graphene, but copper remains the material of choice for high-demand scenarios.
Copper Supply Gap Drives McEwen's $2.5B Fundraising For Los Azules
McEwen Copper aims to raise $2.5 billion for Los Azules copper project in Argentina, projected to become a world-class mine with 175,000 tons annual production.
Biden Advances Greenland Mineral Partnerships As Trump Policies Could Reshape US Mining
Biden's administration pushing for critical resources in Greenland and partnerships with U.S. companies and allies to meet environmental standards.
Newmont Sells Mine For $795 Million, Barrick Expands Reserves; Top Miners Unfazed By Underperformance
The Éléonore sale follows Newmont's strategy to divest non-core assets following its milestone acquisition of Newcrest Mining in 2023.
Anglo American Sells Coal Portfolio For $3.8 Billion
Anglo American sells Australian coal portfolio to Peabody Energy for $3.8 billion in line with strategy to focus on high-margin, future-facing commodities.
Mexico's Increased Mining Royalties Could Deter $7 Billion In Foreign Investments
Mexico's Ministry of Finance proposed raising mining royalties in 2025 budget bill, risking sector and country's economy. IMF suggests balanced approach.
BHP Unveils $14 Billion Capex For Chilean Copper Operations
BHP plans to invest $14B in Chile to boost copper production, securing long-term assets and meeting global demand. Challenges include labor law violations.
Sayona Merges With Piedmont Lithium, Pursues North American Lithium Growth
Sayona Mining and Piedmont Lithium merger will create North America's largest hard rock lithium miner. The new firm will focus on an expansion in Quebec, but Australian assets provide an opportunity for diversification.
Analysts See Iron Ore Below $100, Weak Chinese Demand
Iron ore prices are expected to stay low due to oversupply and weak Chinese demand. Geopolitical tensions add uncertainty for Australian miners.
EXCLUSIVE: Critical Metals Corp Advances Wolfsberg Lithium Project, Unveils New Drilling Approval and Saudi Plant Plans
Critical Metals Corp provides update on Wolfsberg Lithium Project in Austria, with progress in Greenland and Saudi Arabia. Approval for Zone 2 drilling and discussions for project financing underway.
Mali Demands $162 Million From Resolution, Trading Suspended
The Mali government is demanding a $162 million tax settlement from Resolute Mining, causing tensions with foreign mining companies and impacting the global gold supply.The Mali government demands $162M tax settlement from Resolute Mining, causing tension with miners and affecting global gold supply.
Resolute Mining CEO Detained In Mali, Shares Crater
Resolute Mining CEO and executives detained in Mali while addressing concerns over in-country practices. Escalating risks for foreign mining operations.
Mineral Resources Confirms Founder's Departure Amid Tax Evasion Allegations, Moody's Cuts Outlook
Mineral Resources (OTC: MALRF) faces uncertainty as founder Chris Ellison steps down amid governance issues. ASIC and ATO investigating.
Albemarle Adjusts To Lower-For-Longer Lithium Prices, Cuts Capex, Announces Layoffs
Albemarle Corp reports net loss of $1.1b due to low lithium prices, announces cost-cutting measures; maintains outlook and expects surge in demand.
Trump's Victory A Tailwind For Domestic Steel, Risk For Canada, Say Analysts
U.S. election results stir market reactions. Analysts see potential shift in commodity market, steel industry, and trade tensions under Trump's policies.
Anglo American Offloads $1.1 Billion Coal Stake, Proceeds With Restructuring
Anglo American to sell 33.3% stake in Jellinbah Group to Zashvin for $1.1 billion and focus on copper, iron ore, and crop nutrients.Anglo American sells Jellinbah stake, focuses on copper, iron ore, and crop nutrients. Will net $5-6b from divesting remaining coal assets.
Trump Vs. Harris: EVgo, Cleveland-Cliffs, Plug Power, Nucor Brace For 2024 Election Impact
Wall Street prepares for sector-specific shakeups during Election Week 2024. A Democratic win could boost clean energy stocks, while a Trump victory could benefit the steel sector.
Australian Breakthrough Extends Use For Coal-Powered Plants, Helps Shift To Renewables
Despite push for renewable energy, coal remains key in meeting electricity demand. IEA revised forecasts, projecting high demand well into next decade.

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