Barrick’s Reko Diq to generate US$74B over 37 years
Barrick Gold (NYSE: GOLD) (TSX: ABX) said on Monday its half-owned Reko Diq copper and gold project in Pakistan is projected to generate approximately US$74 billion in free cash flow…
Financing
Will Indonesia shut the nickel spigot to spur prices?
Indonesia’s clout in the global nickel market rivals OPEC’s in oil. The Southeast Asian nation — an archipelago of more than 17,000 islands straddling the Indian and Pacific oceans —…
Standard Lithium, Equinor secure US$225M to develop Arkansas project
Standard Lithium (TSXV: SLI) announced on Thursday that it has closed a US$225-million grant from the U.S. Department of Energy to to support the stage-one construction of the South West…
Antofagasta misses copper target, keeps guidance
Chilean miner Antofagasta (LSE: ANTO) reported on Thursday that its copper production for 2024 fell below company expectations, despite exceeding its total output for the previous year. The company, Chile’s…
Biden signs order to power-up AI infrastructure
U.S. President Joe Biden issued an executive order Tuesday to support the development of the country’s artificial intelligence infrastructure and meet the enormous energy requirements from AI data centres in…
Financing: US Energy Dept. hands out billions
In mid-December, the U.S Department of Energy announced a conditional loan of US$755 million to battery materials and technology company Novonix to build a plant in Tennessee for manufacturing synthetic…
Asante Gold’s feasibility extends Bibiani 7 years
Asante Gold‘s (CSE: ASE USOTC: ASGOF) new definitive feasibility study (DFS) confirms the potential to extend Bibiani in Ghana by at least seven years through mining underground reserves below the…
Copper smelting fees to remain low amid tight supply
Copper concentrate treatment and refining charges (TC/RCs) paid by mining companies to smelters are expected to stay depressed throughout 2025 amid reduced supply, according to commodity analysis firm Fastmarkets. In…
Mali airlifts gold from Barrick mine: Reuters
The Malian junta is choppering gold stockpiles out of Barrick Gold‘s (TSX: ABX; NYSE: GOLD) Loulo-Gounkoto complex, Reuters reports. The airlift began Saturday, the newswire said, citing four sources close…
Hudbay increases stake in Arizona Sonoran to 9.99%
Hudbay Minerals (TSX, NYSE: HBM) has upped its stake in Arizona Sonoran Copper (TSX: ASCU, OTCQX: ASCUF) with the purchase of 11.85 million shares under a private placement. The Arizona…
Altius Minerals wins arbitration decision on Nevada gold royalty rights
Altius Minerals (TSX: ALS; US-OTC: ATUSF) says it’s won a partial arbitration ruling that could give the company expanded royalty rights over the Silicon gold district of Nevada. Shares of…
US Copper hikes California project value to US$1B
US Copper (TSXV: USCU; US-OTC: USCUF) has highlighted the economic potential of its Moonlight-Superior project in California with a new independent technical report calculating its after-tax net present value at…