BHP strike threat fuels iron ore’s best week since May
Iron ore prices are headed for their biggest weekly gain since early May as a looming strike at BHP‘s (NYSE, LSE, ASX: BHP) Port Hedland export terminal raises supply concerns…
Iron Ore
Rinehart invests $50M in X-ray tech for ore, cancer
Gina Rinehart, Australia’s richest person, is backing California-based Lumitron Technologies with a $50 million investment to commercialize high-resolution imaging technology used to improve ore processing and cancer detection. The investment…
BHP, Rio test electric trucks to cut iron ore emissions
Industry leaders begin testing electric haul trucks as mining seeks to cut emissions at scale.
Guinea halts raw gold exports, seeks local refining
Guinea has banned the export of raw gold in an effort to raise domestic processing of metals, Africa-focused business news site Ecofin Agency reported Monday. President Mamadi Doumbouya announced the…
Canada offers Italy priority access to critical minerals
Prime Minister Mark Carney has offered Italy priority access to Canada’s critical mineral reserves as the two countries expanded cooperation on supply chains, defence and energy during talks at the…
Rinehart’s $1B SpaceX bet targets mining beyond Earth
Australia’s richest person Gina Rinehart sees potential ties between its critical minerals portfolio and Elon Musk’s space venture as demand grows.
Baffinland gets $110M loan, court-approved extension
Canada’s Baffinland Iron Mines has been given a financial lifeline and additional time to stabilize operations while the struggling private company restructures under creditor protection. The Ontario Superior Court of…
Canada risks losing critical minerals infrastructure race, PwC warns
Canada risks losing its competitive edge in critical minerals, energy and other strategic sectors unless it accelerates infrastructure investment and project approvals, according to a new PwC Canada report. Canada…
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 Global. The value of transactions…
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 (TSX: MARI; ASX: MC2), which…
Fortescue Metals head defends zero emissions target
Fortescue (ASX: FMG) defended its plans to reach real zero carbon emissions across its Australian iron ore operations by 2030. “In the mining industry, we have been hammered for deployment of…
Fortescue starts building 690MW solar farm in Pilbara
Fortescue (ASX: FMG) has begun construction of a solar farm and a giant battery system in Australia as the miner advances plans to reach “real zero” emissions by 2030. The…