BHP takes $2.3B hit on Jansen potash mine as cost forecast swells again
BHP Group (ASX, NYSE, LSE: BHP) plans to record a $2.3-billion (C$3.25-billion) impairment charge on its giant Jansen potash mine in Saskatchewan due to cost…
Financial Matters, M&A
Mining M&A value surges while deal count plunges: S&P
First-quarter mergers and acquisitions (M&A) activity in mining saw combined deal value surge despite a sizeable decrease in the number of transactions, according to S&P…
McEwen sees Grey Fox adding 15 years to Ontario asset
McEwen (NYSE, TSX: MUX) said its Grey Fox project in northern Ontario will add significant gold production and extend the life of the company’s Fox…
Oil boosts risk of gold miner cost revisions: Jefferies
Elevated gold prices won’t be enough to help miners offset cost increases of as much as 9% if oil prices remain at current levels through…
Barrick weighs UK listing for African assets in $30B tie-up with Endeavour
Barrick Mining (TSX: ABX) (NYSE: B) is said to be weighing up a London listing for its African business, a move that may involve merging with…
How to dodge the Iran war
Soaring fuel and chemicals prices triggered by the war in the Middle East are pushing global miners to dig deep for creative solutions. Take the case of Marimaca Copper…
Copper prices must rise as supply crunch looms: Giustra
Copper prices will need to rise sharply as miners struggle to build enough new supply to meet demand from electrification, artificial intelligence and grid expansion,…
BHP shelved ‘urgent’ Pilbara climate plans: reports
BHP (ASX: BHP) is said to have delayed billions of dollars in Pilbara decarbonization projects despite internally warning that slow emissions cuts could damage its…
Perpetua gets $2.9B loan for gold-antimony project
Perpetua Resources (TSX, Nasdaq: PPTA) said the Export-Import Bank of the United States’ (EXIM) board unanimously approved a $2.9 billion loan to develop its Stibnite…
Blue Lagoon hits commercial production at BC gold-silver project
Blue Lagoon Resources (CSE: BLLG) said it officially attained commercial production at its Dome Mountain gold and silver project in British Columbia. Underground mining rates…
Americas Gold swap ends 600K oz silver stream burden
Americas Gold and Silver (TSX: USA; NYSE-A: USAS) agreed to end remaining silver delivery obligations to Sprott Mining in exchange for nearly 8 million shares,…
How to dodge the Iran war acid shortage: one miner bought its own plant
Marimaca Copper (TSX: MARI, ASX: MC2) is moving to protect its $587-million (C$810 million) capex namesake oxide project from a volatile sulphuric acid market in…