Iron ore price falls on China covid woes, recession fears

Goldman Sachs expects the metal price to average $100 per tonne in Q2 2022.

Marathon Gold boosts Newfoundland project mineral resource

Total measured and indicated mineral resources jumped 26% in terms of ounces and over 10% in grades, compared to Marathon’s previous estimate.

Researchers call for science-based policies given impacts of mining on salmon, trout

New research shows that, despite impact assessments, mines continue to harm salmonid-bearing watersheds.

Appian appoints Head of Australia and Asia

Based in Perth, Peter Nicholson will lead origination, transaction evaluation, due diligence and structuring.

Monarch begins processing Beaufor Mine ore

Monarch Mining Corp. has provided an update on the recommissioning of its wholly-owned Beaufor Mine and Beacon Mill, Quebec.

Savannah Resources shares hammered as Portugal lithium project subject to further EIA step

The miner lost more than a third of its value on Wednesday as it also announced the immediate departure of CEO David Archer.

Akobo Minerals secures first phase of the Segele project financing

Akobo Minerals AB has secured a convertible loan to fund the first phase of the Segele boutique mining operation in Gambella, Ethiopia.

Coda divests Mt Piper Gold Project to Kalamazoo

Coda Minerals Ltd has agreed to divest its Mt Piper Gold Project in central Victoria to Kalamazoo Resources Ltd for a consideration package.

Continental acquires NorrVulk AB

Continental has acquired the conveyor belt systems and services specialist NorrVulk AB, based in Gällivare, Sweden.

Two Red Lake hopefuls crater on brewing Barrick beef

The shares of two Red Lake Gold Camp-focused ‘close-ology plays’ crashed on Tuesday after they made public that Barrick Gold (TSX: ABX; NYSE: GOLD) has…
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Two Red Lake hopefuls’ shares crater on brewing Barrick beef

Dixie Gold and Red Lake Gold named parties in a statement of claim for $92 million for a cancelled exploration earn-in option on each of the companies’ respective exploration projects.

Nexa announces Aripuanã zinc mine ramp up

The mine is currently Nexa’s largest investment in Brazil and one of the few zinc projects in the world.

The Metals Company reigniting race to mine the ocean floor

British Columbia firm looks to unleash a new era of resource extraction, raising questions over how to protect deep-sea ecosystems we know little about.

Sepro Mixing and Pumping wins prize for technology that reduces use of water at mine sites

British Columbia industrial equipment maker wins C$150,000 for pump that could reduce the amount of water stored in tailings ponds.

Newly Formed Sitio Snapping Up Permian Acreage, Increasing Production with Pair of Acquisitions

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More Permian Natural Gas Headed to Gulf Coast and Beyond with Expansion Sanctioned

The post More Permian Natural Gas Headed to Gulf Coast and Beyond with Expansion Sanctioned appeared first on Natural Gas Intelligence

Gold price sinks to half-year low amid growing recession fears

The dollar surged to its highest in about 20 years as investors, worried about a potential recession, retreated to the haven asset.

BHP enters commercial agreement to adopt MineHub blockchain platform in operations

“It represents a major milestone — for the industry it demonstrates the viability of a digital industry platform,” says MineHub CEO.

Monarch Mining feeds first ore to Beacon mill in Quebec

In an update on the recommissioning of its wholly owned Beaufor mine and Beacon mill, Monarch Mining (TSX: GBAR; OTC: GBARF) said it has begun feeding ore…
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SilverCrest makes first pour at Las Chispas mine in Mexico

The first pour consisted of 312 kg of doré with approximately 9,200 oz. of silver and 100 oz. of gold.

Mkango’s DFS indicates US$559M post-tax NPV for Songwe Hill rare earth project

Africa-focused rare earths explorer Mkango Resources (TSXV: MKA) has reached a major milestone with the release of a definitive feasibility study (DFS) […]

Rio2’s EIA for Fenix gold project again rejected by Chilean authorities

Shares of Rio2 (TSXV: RIO; US-OTC: RIOFF) on Tuesday reached their lowest value since March 2020 as Chile’s regional evaluation commission, which includes 12 government…
The post Rio2’s EIA for Fenix gold project again rejected by Chilean authorities…

Monarch Mining feeds first ore to Beacon mill in Quebec

In an effort to restart the operation, the company has been mining ore at Beaufor over the past few months.

Mkango feasibility for Songwe Hill rare earth project pegs capex at US$277M, post-tax NPV at US$559M

Africa-focused rare earths explorer Mkango Resources (TSXV: MKA) has reached a major milestone with the release of a definitive feasibility study for its Songwe Hill…
The post Mkango feasibility for Songwe Hill rare earth project pegs capex at US$277…

Copper price lowest since November 2020 on economic slowdown worries

Prices extended decline as aggressive interest rates, a spike in covid-19 cases in China, potential recession, and rising inventories weighed on investor sentiment.

BKV Touts ‘Net-Zero Natural Gas’ Opportunity Upon Closing $750M Barnett Purchase from ExxonMobil

The post BKV Touts ‘Net-Zero Natural Gas’ Opportunity Upon Closing $750M Barnett Purchase from ExxonMobil appeared first on Natural Gas Intelligence

The Northern Miner Podcast – episode 298: Central banks are buying gold at higher prices, ft CPM Group managing partner Jeffrey Christian

This week’s episode features CPM Group managing partner Jeffrey Christian in conversation with host Adrian Pocobelli. Jeffrey discusses an increase in busyness in the precious…
The post The Northern Miner Podcast – episode 298: Central banks are buyi…

Newmont hands $70 million to Peñasquito mine workers

The uncapped profit-sharing bonus of up to 10% supports the continued operation of Peñasquito, Newmont said.

Earth’s mineral diversity 75% greater than previously thought

New research shows that the number of “mineral kinds” totals more than 10,500, a number 75% greater than the 6,000 mineral species recognized by the International Mineralogical Association.

Teck Resources named to the Best 50 Corporate Citizens in Canada

Companies are each evaluated on a set of up to 24 ESG indicators including board diversity, resource efficiency, financial management, and clean revenue.

Hecla Mining acquires Yukon miner Alexco Resource in all-share deal

American silver producer Hecla Mining (NYSE: HL) has agreed to acquire all shares of Canadian Alexco Resource (TSX: AXU: NYSE-AM: AXU) it doesn’t already own, in a…
The post Hecla Mining acquires Yukon miner Alexco Resource in all-share deal ap…

Atlas Iron Pty Ltd awards NRW contract extension

NRW has received an executed contract extension from Atlas Iron Pty Ltd for the mining and crushing services works at the Mt Webber Iron Ore Mine in the Pilbara region of Western Australia.

Worley acquires Minera Mining Technologies

Worley has acquired Minera Mining Technologies, a global technical solutions provider to the mining, mineral and metals industry.

Hecla Mining acquires Alexco Resource

Hecla Mining will buy all shares of Canadian Alexco Resource it doesn’t already own, at 47 cents each share.

Atalaya Mining announces results from Campanario Trend

Atalaya Mining Plc has announced results from the first 22 exploration drill holes completed to date on the Campanario Trend.

Epiroc wins equipment order for new all-electric mine in Canada

Epiroc has won a large order from Glencore in Canada for battery-electric equipment and automation solutions that will be used at what will be one of the world’s first all-electric mines.

Compass Minerals to supply LG with battery-grade lithium

Compass Minerals has announced the signing of an MOU to supply LG Energy Solution with a battery-grade lithium product from its lithium brine development project in Utah.

Request for Qualification for the Selection of Concessionaires of the Delineated Bitumen Blocks

The Federal Government of Nigeria, through the Ministry of Mines and Steel Development, seeks suitably qualified local and international investors with pre-requisite experience, technological expertise, and financial capacity, through a transparent and…

Brazilian Nickel begins production at Piauí  nickel-cobalt laterite project

The first nickel hydroxide product was produced from the world’s first stand-alone nickel laterite heap leaching operation.

Low-carbon hydrogen production plant pilot planned for British Columbia

FortisBC, which built the province’s first liquefied natural gas plant, is now planning to become B.C.’s first low-carbon hydrogen producer.

Inventory optimization becomes a priority for mining companies

Since mining operations rely on parts and materials from afar, it became difficult to quantify what would be available when because lockdowns descended in waves at different times across the globe.

CRU appoints new Regional Director of Sales for Middle East and North Africa

Ajlouni will be based out of Dubai, UAE and will cover mining, metals and fertilizer clients across the region.

Nevada Copper arranges US$70M loan to maintain underground mine operations

In an effort to raise additional funds to continue its operations, Nevada Copper (TSX: NCU; OTC: NEVDF) has agreed terms with its […]

Copper price below $8,000 as slowdown fears mount

Adding to demand worries, cities in eastern China tightened covid-19 curbs on Sunday as coronavirus clusters emerge.

Nevada Copper arranges US$70M loan for Pumpkin Hollow, suspends underground mining work

In an effort to raise additional funds to continue operations at its Pumpkin Hollow copper mine in Nevada, Nevada Copper (TSX: NCU; OTC: NEVDF) has…
The post Nevada Copper arranges US$70M loan for Pumpkin Hollow, suspends underground mining work appe…

Iron ore price tumbles as China’s demand outlook darkens

Chinese mills have idled dozens of blast furnaces as stocks piled up after domestic demand weakened, hit by covid-19 restrictions and bad weather.

U.S. Markets fall during June 27-July 1 trading week

The Dow Jones Industrial Average fell 403.42 points or 1.2% to 31,097.26 and the S&P 500 fell 86.4 points or 2.25% over the week to 3,825.33.     Shares of Mosaic…
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TSX falls during June 27-July 1 trading week

Over the June 27 to July 1 trading period, markets continued their downward trend, with the S&P/TSX Composite Index falling 201.55 points or 1.06% to…
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S&P/TSX Venture Composite Index tumbles more than 5% in June 27-July 1 trading week

Over the June 27 to July 1 trading week, the S&P/TSX Venture Composite Index fell 35.1 points or 5.38%, to end at 617.26. Among the…
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Rock Tech Lithium assays up to 1.37% Li2O from drilling at Georgia Lake

Rock Tech Lithium (TSXV: RCK; OTC: RCKTF) has released new assay results from ongoing drilling at its 100%-owned Georgia Lake lithium project in Ontario. Located…
The post Rock Tech Lithium assays up to 1.37% Li2O from drilling at Georgia Lake appear…

U.K.’s burning decision

Boris Johnson’s government seems set to approve the first new underground coal mine in the U.K. for 36 years. Such an outcome (a decision is…
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UK launches critical minerals data centre

The Critical Minerals Intelligence Centre (CMIC) will gather and analyze data on the supply of critical minerals such as cobalt and lithium.

UK launches critical minerals data centre

The British government announced on Monday the creation of a centre to gather data and analyze information on the supply of critical minerals such as cobalt,…
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Molybdenum, sulphur key to converting CO2 into methanol

An efficient, molybdenum-based catalyst is being presented as a solution to turn CO2 from industrial plants into liquid methanol.

CMOC’s KFM copper-cobalt mine scheduled to start production in 1H23

CMOC’s KFM copper-cobalt mine in the Democratic Republic of Congo will start production in 1H23.

Guinea halts Simandou iron ore project again

Mines minister said Rio Tinto’s subsidiary Simfer and China-backed consortium WCS have shown a “lack of willingness” to work on a partnership.

Metso Outotec receives order for sustainable comminution technology

Metso Outotec has been awarded a contract for the delivery of sustainable crushing, screening, and grinding technologies to a greenfield iron ore project in South America.

GSilver to acquire Great Panther’s Mexican mining assets

Guanajuato Silver (GSilver) has signed a binding definitive agreement with Great Panther Mining to acquire all of Great Panther’s Mexican assets.

Piedmont Lithium and Sayona Mining formalise restart plans for NAL

Piedmont Lithium has announced that the board of directors of Sayona Quebec has authorised the restart of production at its North American Lithium (NAL) project.

First nickel from Brazilian Nickel’s Piauí Nickel Project

Brazilian Nickel Plc has announced that continuous nickel production has begun at the Piauí Nickel Project (PNP).