Anglo exits coal in $3.9B Dhilmar sale
Anglo American (LSE: AAL) has agreed to sell its Australian steelmaking coal business to privately held Dhilmar for as much as $3.875 billion (C$5.3 billion), completing its exit from the…
Australia, NZ & South Pacific
Lithium price spurs MinRes to reboot Bald Hill mine
Mineral Resources (ASX: MIN) is restarting its Bald Hill lithium mine in Western Australia after an 18-month hiatus, citing improved market conditions to support production. The restart follows a significant…
Westgold sells Chalice project to Corazon for A$25.7M
Australian gold producer Westgold Resources (ASX, TSX: WGX) will sell the Chalice gold project in Western Australia to Corazon Mining (ASX: CZN) for A$25.7 million ($25.1 million), shedding a non-core…
Elevra inks $437M financing for Quebec lithium
Australia’s Elevra Lithium (ASX: ELV; Nasdaq: ELVR) unveiled a A$441-million ($437-million) funding package to help expand its North American Lithium (NAL) operation in Quebec and advance pre-development work at the…
Fortescue to pay A$150M for Aboriginal site damage
Fortescue (ASX: FMG), one of the world’s biggest iron ore miners, must pay more than A$150 million (US$108 million) to an Australian Aboriginal group after a court found the company…
Australian state vote may allow uranium mining for first time in 40 years
The New South Wales (NSW) government has taken a major step towards potentially allowing uranium mining and nuclear energy in Australia’s most populous state. A bill to repeal the 1986…
Rio Tinto boss pushes cost cuts with jobs in focus
Rio Tinto (ASX, NYSE, LSE: RIO) CEO Simon Trott said on Wednesday he will continue to streamline the company’s global operations with the goal of reaching billions of dollars in…
Podcast: From front lines of Canadian mining, American Eagle Gold CEO Anthony Moreau
This week’s episode features Young Mining Professionals Toronto director, YMP Scholarship Fund director, and American Eagle Gold CEO Anthony Moreau in conversation with host Adrian Pocobelli about mining in Canada….
Geopolitical shocks build copper’s bull case: Sprott
The investment thesis for copper is only getting stronger amid renewed emphasis on energy security and growing concerns over supply as the cost of metal production surges, according to Sprott…
Forrest said to sell Wyloo’s Yangibana rare earths stake in pivot to nickel
Australian tycoon Andrew Forrest is reportedly seeking buyers for a majority stake in the Yangibana rare earths project in Western Australia its holds through its private investment vehicle Wyloo Metals,…
Interactive infographic: Global uranium costs
Cost is as important in the economics of mining uranium as it is with precious metals. But the cost of producing uranium oxide (U3O8) by the pound doesn’t neatly align…
Lion One Metals sinks on cancelled $15M financing
Lion One Metals (TSXV: LIO) plunged more than 30% after a proposed financing from Australian investment firm Arete Capital Advisors collapsed and the company announced yet another CEO change. North…