TNM Drill Down: New Pacific Metals reports top gold hit during Feb. 17-24
Our TNM Drill Down features highlights of the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our sister company Mining…
Europe
Australia’s Recharge Industries grabs failed startup Britishvolt
Australia’s Recharge Industries, which is building a lithium ion cell factory at home, has acquired the proprietary technology developed by Britishvolt, a failed U.K. company. The startup collapsed early this year after struggling…
Global Exploration Snapshot: Eight companies seeking base, precious and energy metals
From Botswana to Ecuador, Spain and Jamaica – it may sound like a travel destination bucket list, but these are just some of the places these eight juniors are exploring…
Eldorado says gold production to grow 55% in five years with Skouries restart
Eldorado Gold (TSX: ELD; NYSE: EGO) expects production to significantly increase over the next five years thanks to the addition of the Skouries gold-copper mine in northern Greece. The company’s…
Anglo American takes US$1.7B writedown on British fertilizer mine
Anglo American (LSE: AAL) said Thursday it would take a US$1.7-billion charge due to higher costs and delays at its Woodsmith fertilizer project, which is being built beneath the North…
Rio Tinto halves dividend on 41% annual profit drop
Mining giant Rio Tinto (LSE: RIO; ASX: RIO) has more than halved its 2022 dividend after posting a 41% drop in annual profit, which was the result of lower commodity…
Automation & IoT Snapshot: Eight suppliers supporting Industry 4.0
Miners are looking to digitalization and automation to increase productivity and safety and lower costs. Here’s a look at some of the suppliers that are offering up crucial connectivity, equipment…
Glencore hit by fresh bribery-related suit in the UK
Glencore (LSE: GLEN) is facing a fresh lawsuit in the U.K. related to alleged losses to shareholders resulting from the mining and commodities trader’s involvement in bribery. Legal & General…
Glencore to sell 23% stake in Peruvian miner Volcan
Miner and commodities trader Glencore (LSE: GLEN) has kicked off a sale process for its 23% stake in Peruvian zinc and silver miner Volcan. Delivering 2022 results, the Swiss company…
Bluejay Mining pulls demerger plan, aims to raise US$6M
Explorer and developer Bluejay Mining (LSE: JAY) said on Tuesday it would not spin off its battery and critical metals exploration subsidiary Disko Exploration, as previously announced. Executive chairperson Robert Edwards, who…
Vulcan Energy to mine 60% more German lithium than planned
Vulcan is now targeting 24,000 tonnes of lithium a year from its brine resource in Germany — 60% higher than its previous goal of 15,000 tonnes.
Cyber threats on the rise for resource industries
Mining companies continue to embrace digital technology to improve productivity and safety, and to make the most of insights made possible by big data and increasingly connected equipment and operations….