BHP’s new boss favours new builds over M&A
BHP (ASX, NYSE, LSE: BHP) CEO Brandon Craig is prioritizing copper expansions over acquisitions, brushing aside speculation the mining giant could pursue uranium developer NexGen Energy (TSX: NXE) as lofty…
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Ottawa scrutinizes China’s $175M Lithium Chile deal
Canadian junior Lithium Chile (TSX-V: LITH) and China Union Holdings (SZSE: 000036) face a potential national security review of their $175-million (C$243-million) Argentum Lithium transaction after Canadian officials raised concerns…
US opens vast Pacific seabed to mining
Washington is planning to auction off deep-sea mining leases near the Northern Mariana Islands later this year, advancing the Trump administration’s push to develop domestic sources of critical minerals from…
McFarlane Lake boosts Juby gold resource by 2M oz
An update for McFarlane Lake Mining’s (CSE: MLM; US-OTC: MLMLF) Juby gold project in northeastern Ontario has lifted global contained gold by 48% over the initial resource from last October, while…
US awards $162M to turn mining waste into critical minerals
The United States Department of Energy (DOE) has selected nine projects for $162 million (C$225 million) in potential funding to recover critical minerals from mine waste and industrial feedstocks, part…
$10B Canada power deal seen boosting Labrador mining
Canada, Quebec and Newfoundland and Labrador signed a $10 billion (US$7.2 billion) non-binding agreement to expand the Churchill Falls generating station, nearly tripling its current capacity, in what Ottawa is…
Arizona Eagle buys three-past producing silver mines
Arizona Eagle Mining (TSXV: AZEM; US-OTC: AZEMF) said it’s acquired about 251,000 sq. metres of land hosting three past-producing high-grade silver mines in Yavapai County, Arizona. The newly acquired properties…
Equinox Gold gains key federal permit for South Railroad, kicks off early works
Equinox Gold (TSX, NYSE-A: EQX) is starting early works construction at its South Railroad project in Nevada after it completed an important stage of federal environmental permitting, putting it on…
OceanaGold expands with $553M Ausgold buy
Canadian gold and copper producer OceanaGold (TSX, NYSE: OGC) is buying Australia’s Ausgold (ASX: AUC) for A$776 million (almost US$553 million), giving the miner its first acquisition in Australia and…
YMP Scholarship Fund grows to $300,000
The Young Mining Professional’s Scholarship Fund has increased by a third to $300,000 (US$215,000) from last year as the industry’s leading companies reward strong students in mining disciplines across Canada….
AngloGold Ashanti in $58.5M deal to double Thesis stake
AngloGold Ashanti (NYSE: AU) is investing $58.5 million (US$42 million) to double its stake in Thesis Gold & Silver (TSXV: TAU; US-OTC: THSGF) and help the Vancouver-based developer advance the…
Korea taps Glencore for copper with $1B loan deal
South Korea’s export credit agency will lend $1 billion to Glencore (LSE: GLEN) in exchange for copper supplies to Korean companies, securing access to a metal increasingly vital to artificial…