Taseko Mines Ltd. has reached a tentative labor agreement, paving the way for the restart of operations at the Gibraltar Mine in British Columbia, boosting copper production and regional economic activity.
News
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De Beers returns to marketing roots and focuses on natural diamonds as Anglo American plans to divest its stake, with Botswana showing interest in increasing its share.
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Serbia is poised to give the green light to Europe’s largest lithium mine project after a two-year hiatus. The Jadar project, led by Rio Tinto, could be operational by 2028, meeting a significant portion of Europe’s lithium demand for electric vehicles.
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Iron ore prices are sending mixed signals. Despite a rise in China’s steel production, a key indicator of demand, prices continue to slide. Analysts cite concerns about China’s struggling property sector and rising stockpiles of iron ore as reasons for the price decline. The coming months are likely to see a tug-of-war between positive factors like rising steel production and negative factors like weak demand and high stockpiles.
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Mali greenlights Leo Lithium’s exit from Goulamina project. China’s Ganfeng to acquire remaining 40% stake in major lithium development.
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Rio Tinto releases environmental studies to revive the stalled Serbian lithium project. Public opinion and government review will determine if the project moves forward, with concerns lingering about potential environmental impact.
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NextSource Materials has signed a mandate letter to secure $91 million in funding for the expansion of its graphite mining operations in Madagascar. This strategic move aims to enhance production capabilities in response to growing global demand for graphite, crucial for electric vehicles and renewable energy technologies
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South Africa’s mining production increased by 0.7% in April, led by a significant rise in platinum group metals despite overall sector challenges.
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Copper 360 CEO Jan Nelson announces significant cash flow and revenue growth by year-end, highlighting the company’s strong financial and operational progress.
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Bannerman Energy has increased the capital cost estimate for its Etango Uranium Project in Namibia by 25%, citing rising expenses and the need for sustainable operations amid economic challenges.