Vale scores multi-year nickel supply deal with Tesla
Vale (NYSE: VALE), the world’s top nickel and iron ore producer, has inked a long-term deal with Tesla (NASDAQ: TSLA) that will see the Brazilian miner supplying the with electric vehicles (EVs)…
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Two of McEwen Mining’s top execs step down
McEwen Mining (TSX: MUX; NYSE: MUX) surprised markets on Friday by announcing that two of its top suite executives were leaving the company for personal reasons. Chief financial officer Anna…
Plunging metals prices expected to rebound in H2 – report
Enduring Covid-19-linked lockdowns in the world’s largest metal consumer, China, are negatively impacting demand from end-use industries and sentiment towards the complex, resulting in lower metals prices, a new report…
Barrick ‘very comfortable’ with Reko Diq project despite Pakistan’s political uncertainty
A change in the government of Pakistan won’t impact the development of Barrick Gold’s (TSX: ABX; NYSE: GOLD) US$7-billion Reko Diq copper-gold project in Balochistan province, said CEO Mark Bristow…
EPA deals fresh blow to PolyMet’s US$1B copper-nickel mine
The U.S. Environmental Protection Agency (EPA) has dealt a fresh blow to PolyMet Mining’s (TSX: POM) plans to build an open pit copper-nickel mine in Minnesota, by recommending that the…
Glencore to invest US$200M in battery recycling firm Li-Cycle
Glencore (LSE: GLEN) has inked a deal with Toronto-based Li-Cycle Holdings (NYSE: LICY) to supply the company with all types of manufacturing scrap and end-of-life lithium-ion batteries. The company…
USGS, Apple create new waste rock metric
A new metric to quantify the amount of waste rock generated by mining critical minerals has been created by the U.S. Geological Survey and Apple. Called the “rock-to-metal ratio,” the…
Oksut mine halt casts shadow over Centerra Gold’s Q1 results
Centerra Gold (TSX: CG; NYSE: CGAU) saw its first quarter results hit by the suspension of its Öksüt mine in Turkey, where the adsorption-desorption recovery (ADR) plant has been out…
Gold Fields flags potential inflationary cost overrun at Salares Norte
Gold Fields Limited (NYSE: GFI; JSE: GFI) says higher-than-expected inflation levels have started eroding the contingency built into the US$860 million capital expenditure (capex) budget for its 100%-owned Salares Norte…
Endeavour hastens Ity optimization project on ‘excess cash generation’
Endeavour Mining (TSX: EDV; LSE: EDV) has pulled the trigger on building a recyanidation circuit at its cornerstone Ity operation in Côte d’Ivoire earlier than expected as it seeks to…
New Found Gold reports three high-grade gold discoveries in last two months
New Found Gold (TSXV: NFG; NYSE-A: NFGC) has reported more high-grade gold results from its ongoing, 400,000-metre drill program at its Queensway project in Newfoundland. Highlights from the drilling included…
Baselode Energy rises on near-surface mineralization at Hook project in Saskatchewan
Shares of Baselode Energy (TSXV: FIND; US-OTC: BSENF) rose to their highest in May as the company reported elevated radioactivity in a near-surface interval in drill hole AK22-038 as part…