Industry News

  • Iron ore price jumps to year high as Chinese imports soar

    Iron ore price jumps to year high as Chinese imports soar

    Iron ore price jumps to year high as Chinese imports soar   Iron ore prices were hitting one-year highs on Tuesday as the economic recovery in China, where more than half the world’s steel is forged, surpasses even the most bullish expectations. According to Fastmarkets MB, benchmark 62% Fe...
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  • Western Copper and Gold updates resource for Casino

    Western Copper and Gold updates resource for Casino

    Western Copper and Gold updates resource for Casino   In its first estimate since 2010, Western Copper and Gold (TSX: WRN; NYSE-AM: WRN) has updated the resource for its 100%-owned Casino project in the Yukonwith more drill results, confirming that it is one of the largest copper-gold depos...
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  • BHP, Curtin University join forces to innovate, produce job-ready graduates

    BHP, Curtin University join forces to innovate, produce job-ready graduates

    BHP, Curtin University join forces to innovate, produce job-ready graduates   BHP (ASX, LON: BHP), the world’s largest miner, partnered with Curtin University to work on research and innovation projects that will allow the industry to interact with students, researchers and academics to pro...
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  • First rare earth firm in decade to go public in $1.5 billion deal

    First rare earth firm in decade to go public in $1.5 billion deal

    First rare earth firm in decade to go public in $1.5 billion deal   US rare earths miner MP Materials will go public in a $1.47 billion deal by merging with a private-equity backed blank-check company, underscoring Wall Street’s rising interest in efforts to boost US production of the strat...
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  • Zijin’s Guyana Goldfields takeover backed by proxy firms

    Zijin’s Guyana Goldfields takeover backed by proxy firms

    Zijin’s Guyana Goldfields takeover backed by proxy firms   Guyana Goldfields (TSX: GUY) announced on Wednesday that independent advisory firms Institutional Shareholder Services (ISS) and Glass Lewis & Co. have provided reports backing the company’s proposed takeover by China’s Zijin Mi...
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  • Kinross study pegs Lobo-Marte capex at $1 billion

    Kinross study pegs Lobo-Marte capex at $1 billion

    Kinross study pegs Lobo-Marte capex at $1 billion   Kinross Gold‘s Lobo-Marte gold project in northern Chile could produce a total of 4.5 million oz. gold over a 15-year mine life at an estimated cost of $995 million, according to a prefeasibility study (PFS) released Wednesday. The nearly ...
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  • Pandemic sharpens focus on US coal’s ESG risks – report

    Pandemic sharpens focus on US coal’s ESG risks – report

    Pandemic sharpens focus on US coal’s ESG risks – report   The US coal industry has weakened after taking the brunt of lower electricity demand and is now highly vulnerable to resurgent covid-19 infections that could further reduce demand for coal in a downside scenario, Moody’s Investors Se...
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  • Cortus Metals expands reach in Nevada

    Cortus Metals expands reach in Nevada

    Cortus Metals expands reach in Nevada   Cortus Metals (TSXV: CRTS.P) announced that it has executed a definitive property purchase agreement with Intermont Resources for the proposed acquisition of the Grayson and Powerline properties in Nevada. To go ahead with the deal, Cortus will have t...
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  • Anglo sticks to 2020 output goals after Q2 slump

    Anglo sticks to 2020 output goals after Q2 slump

    Anglo sticks to 2020 output goals after Q2 slump   Global miner Anglo American is ramping up metals and diamond production to hit full-year targets it set in spring, it said on Thursday, as it reported a sharp slump in second quarter output caused by the coronavirus. The firm said the targe...
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  • Codelco to suspend El Teniente mine expansion, cites pandemic

    Codelco to suspend El Teniente mine expansion, cites pandemic

    Codelco to suspend El Teniente mine expansion, cites pandemic   Chile’s state-run Codelco said on Saturday it would temporarily halt construction on a new level at its flagship El Teniente mine, a move it said was necessary to combat the fast-spreading coronavirus pandemic. World top copper...
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  • Chinese miners’ deal frenzy seen stalling on regulatory hurdles

    Chinese miners’ deal frenzy seen stalling on regulatory hurdles

    Chinese miners’ deal frenzy seen stalling on regulatory hurdles   Growing scrutiny by mineral-rich Australia and Canada may cut short a deal frenzy led by China’s state miners and limit Beijing’s role in gold sector consolidation, bankers and analysts said. Shandong Gold and Zijin Mining ha...
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  • Galaxy moves Sal de Vida lithium project to design phase

    Galaxy moves Sal de Vida lithium project to design phase

    Galaxy moves Sal de Vida lithium project to design phase   Australia’s Galaxy Resources (ASX:GXY) confirmed on Tuesday that it is on track to begin production at its Sal de Vida lithium brine project in Argentina by 2022, despite the covid-19 pandemic impacting the development schedule. The...
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