Altus in the red on Newcrest royalty buy
The London-quoted equity in Altus Strategies (AIM: ALS; TSXV: ALTS; US-OTC: ALTUF) traded more than 14% in the red on Tuesday following the overnight announcement that it and a privately-held…
Australia, NZ & South Pacific
Noront to negotiate with Wyloo on sweetened offer
Noront Resources (TSXV: NOT) said on Tuesday it plans to negotiate directly with Australian billionaire Andrew Forrest’s Wyloo Metals on the company’s sweetened acquisition bid, which has reignited a long-dragge-out…
Rio Tinto and Star Diamond make peace
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) and Canadian junior Star Diamond (TSX: DIAM) have reached an agreement to end a long drawn out dispute over the development of…
ICMM members paid US$23.7B in taxes in 2020
The 28-members of the International Council on Mining and Metals (ICMM) reported total tax payments of US$23.7 billion in 2020, an effective tax rate of 39.7%, and an increase of…
Harte Gold seeks creditor protection as Silver Lake closes in
Troubled Canadian miner Harte Gold (TSX: HRT) has been granted creditor protection after putting its Sugar Zone gold mine into production without a feasibility study two years ago and later failing…
Global shift to ‘green steel’ will require US$278B investment by 2050: report
The global steel industry could be almost completely decarbonized by 2050 with an investment of US$278 billion in clean capacity and retrofits to existing production, according to BloombergNEF’s new report, Decarbonizing Steel: A Net-Zero Pathway. A move…
Renewables adoption speed still too slow to limit climate crisis — IEA
Growth in renewable energy is set to hit an all-time record this year, but is still falling “well short” of what is necessary to reach net zero emissions by 2050,…
Inflation anxiety — what’s in store
The Q4 edition of The Northern Miner’s Global Mining Symposium on November 17 and 18 was another resounding success. The conference featured a top notch roster of guests from the…
More than US$2 trillion investment needed to meet IEA hydrogen targets
More than US$2 trillion of investment would be required in equipment and infrastructure to sustain the accelerating global momentum towards establishing hydrogen as a competitive element of a net-zero carbon…
South32 locks 45% stake in Sierra Gorda copper mine
South32 (LSE: S32; ASX: S32; JSE: S32) says it will proceed with the acquisition of a 45% stake in the Sierra Gorda copper mine in Chile, as project partner KGHM…
New World Resources reports first resource for Antler project in Arizona
Australia’s New World Resources (ASX: NWC) has wasted little time since signing an option agreement in January 2020 to earn 100% of the Antler copper project in northwestern Arizona. The…
Harte Gold announces assignment of credit facilities to Silver Lake Resources
Australia’s Silver Lake Resources (ASX: SLR) has acquired US$63.3 million in credit facilities that BNP Paribas provided Canadian miner Harte Gold (TSX: HTR) for its Sugar Zone mine in Ontario….