Angola flooding closes African copper export route
Flooding in Angola has halted rail traffic along the Lobito Corridor, disrupting a key export route for copper and cobalt from Central Africa and raising the prospect of supply bottlenecks…
Copper
American Eagle bids for Pacific Booker to add BC asset
Canadian explorer American Eagle Gold (TSXV: AE; US-OTC: AMEGF) offered to buy Pacific Booker Minerals (TSXV: BKM; NYSE-MKT: PBM), arguing that the unsolicited deal offers a “new path forward” for…
Prolonged Hormuz Strait closure would have ‘profound’ impact on mining: Friedland
Ivanhoe Mines (TSX: IVN) founder and co-chairman Robert Friedland is warning that a prolonged closure Strait of Hormuz would have a “profound” effect on global supply chains, hobbling copper producers…
Fujimori leads Peru presidential vote as mining risks rise
Keiko Fujimori led Peru’s presidential vote but fell short of an outright win, setting up a run-off that could reshape the outlook for the country’s critical mining sector. Exit polls…
Chalice taps Cutifani’s firm for Aus palladium push
Chalice Mining (ASX: CHN) has appointed Odin Partnership, founded by former Anglo American (LSE: AAL) chief Mark Cutifani, as a strategic adviser to advance its Gonneville palladium-nickel-copper project in Western…
M&A: Denarius targets Emerita in Spain’s zinc-copper belt
Denarius Metals (CBOE: DMET; US-OTC: DNRSF) offered to buy Emerita Resources (TSXV: EMO; US-OTC: EMOTF) in an all-share deal that would consolidate assets in Spain’s Iberian Pyrite Belt while adding…
New woe besets BC’s two biggest gold projects
Seabridge Gold’s (TSX: SEA; NYSE: SA) push for permits to dig tunnels at its giant KSM project is being delayed by British Columbia until the miner’s court fight with neighbour…
EU, US near critical minerals pact to counter China’s grip
The European Union and the U.S. are nearing a deal to coordinate critical minerals production and supply chains, aiming to reduce reliance on China. The proposed agreement, reported by Bloomberg…
Gold price wins in Iran war, but not copper
The U.S.-Iran war may shave as much as 0.7% off the global economy and push gold prices higher as investors focus on a swelling U.S. deficit and a weaker dollar,…
Peru pulls permit for $1.8B Tia Maria copper mine
Peru has revoked Southern Copper’s (NYSE, LSE: SCCO) permit for its $1.8-billion Tía María project, forcing a fresh review of one of the country’s most contentious copper developments. The Ministry…
Blast from the Past: When Chile nationalized copper
Chile’s 1971 move to nationalize copper reshaped Latin American mining and still reverberates through global supply. The Northern Miner tracked the crisis before and after the takeover. Even before Congress…
Barrick signals deal push amid strategic reset
Barrick Mining (TSX: ABX; NYSE: B) is pivoting back to acquisitions and retreating from higher-risk regions, reversing a decade-long strategy that emphasized expansion across Africa and Asia. Chairman John Thornton…