New Saudi company formed to secure critical minerals globally
Saudi Arabian state miner Ma’aden inked a major new deal with the kingdom’s sovereign wealth reserve the Public Investment Fund (PIF) at the Future Minerals…
Iron Ore
Europe’s largest rare earths deposit found in Sweden
Swedish state-owned mining company LKAB said it has found Europe’s largest known deposit of rare earths close to Kiruna, the country’s northernmost town. The Per Geijer…
Ivanhoe Electric, Barrick Gold sign JVs with Saudi Arabia’s Ma’aden
Ivanhoe Electric (TSX: IE; NYSE-AM: IE), the latest endeavour of mining magnate Robert Friedland, is joining with Saudi Arabia’s state-owned miner Ma’aden to explore for…
NioCorp demo plant in Quebec boasts high rare earth recoveries
NioCorp Developments (TSX:NB; OTCQX:NIOBF) reported a rare earth dissolution rate of 86-95% at its demonstration plant in Trois-Rivieres, Que., the company said Wednesday. That rate…
Anglo American plans one of Brazil’s biggest water reuse projects
Anglo American (LON: AAL) wants to reuse water in a pipeline hundreds of kilometres long used to transport iron ore from its Minas Rio operation…
U.S. markets continue to slide during Dec. 12 – 16 trading week
The Dow Jones Industrial Average fell 556 points, or 1.7%, to 32,920.46, and the S&P 500 lost 82 points or 2.1%, over the week to…
Analysts forecast a mixed bag for commodities amid global 2023 slowdown
Given the tumultuous past two years that saw global markets ebb and flow to extreme degrees, it’s perhaps no surprise that the only thing that’s…
Global miners’ ESG strategies show ‘concerning’ lack of focus on gender
The mining industry shows a lack of focus on gender and diversity in their environmental, social and governance strategies, a recent report by Stratum International…
US markets fell during Nov. 28 – Dec. 2 trading week
The Dow Jones Industrial Average fell 404.67 points, or 1.2%, to 33,942.36, and the S&P 500 lost 30.31 points or 0.8%, over the week to…
Fortescue keeps women on the top job with Fiona Hick’s appointment
Australia’s Fortescue Metals Group (ASX: FMG) has named former Woodside Energy (ASX: WDS) executive Fiona Hick as its new chief executive officer, effective February 2023….
Vale signs MOUs to develop ‘Mega Hubs’ in Middle East
Vale (NYSE: VALE) has signed three memorandums of understanding (MOUs) to jointly study the feasibility of developing industrial complexes or ‘mega hubs’ in the Kingdom…
US markets end the Oct. 17-21 trading week higher
The Dow Jones Industrial Average gained 1,447.7 points or 4.9% during the Oct. 17-21 trading week to 31,082.56, and the S&P 500 closed 169.7 points…