mining

When Indonesia's new president, Prabowo Subianto, assumes office in October he'll preside over the world's biggest nickel reserves and is widely expected to continue policies that have led to a global price slump for the battery metal and stainless steel ingredient.  The Southeast Asian nation...

Vancouver-based miner Equinox Gold (AMEX:EQX) has solidified its ownership of the Greenstone Gold Mine in Ontario, Canada, by acquiring the remaining 40% stake from Orion Mine Finance for $995 million. Despite Australian miner Gold Roads showing interest in Orion's stake, Equinox managed to gain...

Energy Fuels (AMEX:UUUU), a Lakewood, Colorado-based uranium and critical minerals producer, agreed to acquire Australian junior miner Base Resources (OTCPK: BSRUF). The transaction, announced Sunday, April 21, is valued at $240 million. “The acquisition of Base Resources and the Toliara...

Top Stories for April 23, 2024: Cleveland-Cliffs Inc (NYSE:CLF) reported first-quarter results, including revenue of $5.2 billion, a net loss of $53 million and adjusted net income of $87 million.  Adjusted EBITDA reached $414 million, marking a significant year-over-year and quarter-over-quarter...

Copper prices have significantly risen, reaching near two-year highs of $10,000 per metric ton. Leading commodity trader Trafigura expects 10 million metric tons of additional copper consumption over the next decade. This surge in demand comes from various sectors, including electric vehicles,...

Montreal-based G Mining Ventures (OTCQX:GMINF) is acquiring Reunion Gold‘s (OTCQX:RGDFF) Oko West gold project in Guyana in an all-share deal for $638 million. What Happened: This acquisition will strengthen the company's foothold in South America and solidify its position as an intermediate...

Uranium prices have more support now than they did when the nuclear fuel hit its all-time high in 2007, according to the chief executive of uranium explorer Madison Metals Inc. (OTC:MMTLF). Back then, when uranium reached a record high above $130 per pound, physical supply was tight because of...

Top Stories for April 22, 2024: 1. American Battery Technology (NASDAQ:ABAT) successfully constructed and began commissioning its lithium hydroxide pilot plant in Reno, Nevada.  This plant marks a significant step in commercializing its proprietary technology at Nevada’s Tonopah Flats for...

Gold prices declined 2.7% Monday to below $2,350 as of 3 p.m. EST as geopolitical risks wane. Silver, closely associated with gold, experienced an even sharper downturn, plummeting by 5.1% — its most substantial drop since last October. What Happened: Market sentiment toward the precious metals...

Argentina’s abundant lithium reserves attract substantial foreign investments and are considered a potential economic recovery catalyst. French mining company Eramine, a subsidiary of Eramet (OTCPK: ERMAF), announced a $800 million investment in Argentina's Salta province as the nation...

Top Stories for April 19, 2024: 1. Chairman and Co-Founder of U.S. Gold (NASDAQ:USAU) Luke Norman announced the company closed its $4.9 million offering from existing shareholders, strengthening their financial stance as they anticipate a mining permit by mid-year.  This capital will boost...

Saudi Arabia's Manara Minerals is reportedly in advanced talks to acquire a minority stake in Pakistan’s Reko Diq gold and copper mine project. The project, located in the commodity-rich province of Balochistan, is on track to start production by 2028. According to Bloomberg and the state-run...

Top Stories for April 18, 2024: Alcoa Corp (NYSE:AA) reported first-quarter losses of 81 cents per share with revenues of $2.6 billion, slightly above the expected $2.56 billion.  In the alumina segment, revenues rose by 6% due to higher prices and increased shipments, while the aluminum...

Rio Tinto (NYSE:RIO) and Saudi Arabia’s Manara Minerals Investment are reportedly interested in buying First Quantum Minerals‘ (OTCPK: FQVLF) Zambian assets. What Happened: According to Bloomberg News, potential buyers are circling First Quantum-owned assets. In addition to Rio Tinto...

The mining industry and state of Alaska slammed the Biden administration's reported plan to block a controversial access road to a mining district, saying such a move is politically motivated, illegal and at odds with the need for domestic sources of key minerals. In an environmental analysis due...