mining

Top Stories for May 9, 2024: Piedmont Lithium (NASDAQ:PLL) reported Q1 results with a record production of 40,439 dry metric tons (dmt) at North American Lithium, which achieved record lithium recoveries of 69%.  The company expects full run-rate production in the second half of the year and...

Barrick Gold‘s (NYSE:GOLD) CEO, Mark Bristow, believes that mergers and acquisitions do not address the impending copper shortage. In light of BHP‘s proposed $39 billion takeover of Anglo American, Bristow advocated for mining companies to focus on discovering and developing new copper...

Top Stories for May 8, 2024: 1. U.S. Gold (NYSE:USAU) announced that its subsidiary, Gold King, received a Surface Gold Mine Permit from the Wyoming Department of Environmental Quality, moving them closer to project development.  President George Bee highlighted the clearance of major regulatory...

De Grey Mining (OTCPK: DGMLF) has announced an ambitious plan to raise $395 million (A$600 million) to support the financing of its Hemi Gold Project in Western Australia’s Pilbara region. The equity raising is a strategic move to fulfill a pre-condition for debt financing, allowing the...

Top Stories for May 7, 2024: 1. Gatos Silver (NYSE:GATO) announced its first-quarter results and operational performance at the Cerro Los Gatos mine. The company reported revenue of $72.2 million (up 3%) and net income of $10.2 million (down 20%).  EBITDA was $35.1 million (down 11%), while...

Mining executives had been expecting the United States would ban enriched uranium from Russia despite a monthslong delay in Congress. Last week, the U.S. Senate voted to ban nuclear fuel from Russia, sending the measure to President Joe Biden for his widely expected signature. The vote came nearly...

The International Seabed Authority (ISA) is preparing for a leadership election in July, which could play a key role in shaping the future of deep-sea mining. With 168 member states and the European Union, the ISA manages contracts with mining companies and sets regulations determining how deep-...

1. Alpha Metallurgical (NYSE:AMR) reported first quarter net income of $127 million, or $9.59 per diluted share, adjusted EBITDA of $189.6 million and sales of $864 million. Despite softer coal market conditions, CEO Andy Eidson noted solid performance, although market deterioration has continued...

José Raúl Mulino has won Panama’s presidential election, promising economic reforms despite the nation’s recent struggles with the closure of the Cobre Panama mine. "Less ‘blah blah blah,' more public works, progress, and money in your pocket," he promised after receiving 34% of votes...

1. Anglo American rejected BHP Group's (NYSE:BHP) $39B bid, triggering a potential bidding war with Glencore (OTC:GLCNF).  Glencore’s interest arises amid BHP’s revised approach to divest South African assets.  Anglo holds crucial copper reserves in Chile and Peru, with Glencore's...

The U.S. Senate's approval this week of a ban on enriched uranium from Russia handed North American uranium miners a victory as they ramp up production in anticipation of long-term demand for the nuclear fuel. The upper chamber passed the measure unanimously after the House of Representatives...

Diversified miners Glencore (OTC:GLNCY) and Anglo American (OTC:NGLOY) offer a better match than that proposed in BHP Group‘s (NYSE:BHP) offer for Anglo, RBC Capital Markets analyst Marina Calero said in a note to clients on Friday. Last week, Australia-headquartered BHP said it had made a $...

Zimbabwe’s sole operating nickel mine, the Trojan Mine, is insolvent. What Happened: Zimbabwea’s government — which owns 70% of Bindura Nickel Corporation —appointed an administrator to oversee the restructuring of the Trojan Mine after a period of suspended production due to equipment...

Anglo American (OTCQX:NGLOY) could be at the center of a bidding war with commodities giant Glencore (OTCPK: GLCNF) after it rejected BHP‘s (NYSE:BHP) $39-billion offer. What Happened: According to sources cited by Reuters, discussions within Glencore are internal and preliminary at this...

Top Stories for May 2, 2024 Warrior Met Coal (NYSE:HCC): The Brookwood, Alabama-based company reported Q1 results with net income of $137 million, sales of $503.512 million and adjusted EBITDA of $200.2 million. Warrior Met saw a 17% increase in production volumes for its highest quarterly...