Uranium tops Morgan Stanley’s commodity thermometer
Morgan Stanley has placed uranium at the very top of its Metals and Mining Commodity Thermometer. Uranium was assigned a ‘most bullish’ thesis of 17 mined commodities under the bank’s…
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BHP turns toward ‘future facing’ commodities with Jansen potash approval; sale of oil and gas division
In a long awaited decision, BHP (NYSE: BHP; LSE: BHP; ASX: BHP) has approved US$5.7 billion in spending on its Jansen potash project in Saskatchewan – an important project for…
The Northern Miner Podcast – episode 252: Mining companies face heightened scrutiny, increased politicization as metal prices rise, ft. George McLeod
This week’s episode features Access Mining managing partner George McLeod, who discusses the increasingly political role of mining companies, particularly in developing economies, and how industrial metals, especially those that…
Orvana stock tanks on El Valle rockfall
The Toronto-quoted equity of Orvana Minerals (TSX: ORV) lost nearly 16% in Monday trading following a rockfall at the legacy open-pit wall at El Valle, in Spain. The incident impacted…
Newcrest Mining commits $226 million to expand Telfer
Australia’s largest gold producer, Newcrest Mining (TSX: NCM; ASX: NCM) is investing A$246 million (about $226 million) to expand its Telfer gold-copper operations, which include the Main Dome, West Dome…
Vital Metals buying rare earths properties from Quebec Precious Metals
Australian Vital Metals (ASX: VML) and Quebec Precious Metals (QPM) (TSXV: OPM; OTC: CJCFF) have signed a binding term sheet for Vital to acquire QPM’s 68% interest in the Kipawa…
Gran Colombia Announces Closing of Offering of US$300 Million
Gran Colombia Gold (TSX: GCM; OTCQX: TPRFF) has completed its previously announced offering of US$300 million in 6.875% senior unsecured notes that are due in 2026. South America-focussed Gran Colombia…
Expansion of Lucara’s Karowe mine to take longer and cost more
Canada’s Lucara Diamond (TSX: LUC) has adjusted the cost and timeline of the underground expansion of its Karowe mine in Botswana, one of the world’s most prolific sources of large, high value type IIA diamonds. The company now expects to achieve 75%…
The Northern Miner Podcast – episode 251: Cameco blames Q2 loss on ‘oversupplied’ uranium market, but sees ‘better days ahead’
This week’s episode features Cameco’s Q2 conference call with CEO Tim Gitzel, who discusses the company’s ongoing challenges with low uranium prices. Despite optimistic forecasts for a uranium supply crunch,…
Aluminum, copper, zinc usage from solar energy sector expected to double by 2040 – report
A new report by Wood Mackenzie predicts that the usage of aluminum, copper, and zinc in the solar power sector will double by 2040, thus prompting an increase in demand. …
Feds give thumb’s down to Grassy Mountain met coal project
Following a rejection of the Grassy Mountain metallurgical coal project in Alberta from a joint review panel last month, Benga Mining has now received a second “no” – this one…
Arizona Sonoran Copper aims at restarting the Cactus mine
Privately held U.S. explorer-developer Arizona Sonoran Copper Company (formerly Elim Mining) is completing a preliminary economic assessment (PEA) on its Cactus porphyry copper project in Arizona before year-end, recently installed…