Noront snubs Wyloo debt offer
Noront Resources (TSXV: NOT) has rejected a loan offer from major shareholder and Australian mining magnate Andrew Forrest’s Wyloo Metals late last week, citing an “immediate need for funding.” Instead,…
Australia, NZ & South Pacific
BHP to pay $93m for environmental damages at Escondida
BHP (NYSE: BHP; LSE: BHP; ASX: BHP), the majority owner and operator of Escondida copper mine in Chile, will have to spend up to US$93 million as part of an…
Castillo Copper raises A$11.7M for copper projects in Australia and Zambia
Castillo Copper (ASX: CCZ; LSE: CCZ) plans to drill its flagship Mt. Oxide project in Australia’s Mt. Isa copper belt and its Luanshya and Mkushi projects in Zambia with the…
Australia’s Wyloo proposes ‘Future Metals hub’ for Ontario
After announcing its intention last week to make a $133 million offer to acquire Noront Resources (TSXV: NOT), Australia’s Wyloo Metals still hasn’t made a formal bid for the Ring…
Danakali to use filtered sea water at Colluli potash mine
Australia’s Danakali (ASX: DNK; LSE:DNK) says filtered seawater is a reliable, unlimited and economic option to use in the sulphate of potash (SoP) production process at its Colluli project in…
Rio Tinto puts last diamonds mined at iconic Argyle up for sale
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has unveiled a preview of its final showcase of rare pink, red and blue diamonds from its iconic Argyle mine in the…
Rio Tinto, Antipa more than double JV deposit gold resource
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has more than doubled the inferred mineral resource of the Calibre gold deposit at its Citadel copper-gold project, a joint venture with…
Australia’s Macquarie bank to exit coal by 2024
Australia’s investment bank Macquarie Group said on Friday it will stop financing coal projects by 2024, adding to a long list of local financial institutions that have withdrawn their support…
Rio Tinto shareholders reject former CEO’s exit package
A majority of Rio Tinto’s (NYSE: RIO; LSE: RIO; ASX: RIO) shareholders oppose the exit package handed to former chief executive Jean-Sébastien Jacques, ousted after the destruction of sacred rock shelters in…
Metals price rally could hamper switch to green energy — IEA
Soaring metals prices may be good for miners, but they risk the ongoing transition to clean energy as batteries, solar panels and wind turbines need considerable amounts of copper, nickel,…
Deep-sea mining tests resume as lost robot rescued
Belgium’s Global Sea Mineral Resources (GSR) has resumed tests that could lead to the mining of battery minerals from the Pacific Ocean floor after it managed to recover a robot…
RANKED: World’s top 10 biggest gold mines
Despite being adversely affected by the Covid-19 pandemic, global gold production still surpassed 100 million ounces in 2020 and is expected to bounce back this year as economies continue to recover…