Hormuz shock drives coal to 14-year high
Coal investment will reach $180 billion (C$250 billion) this year, up 4% from last year and the highest since 2012, as the Middle East conflict pushes Asian countries to produce…
Europe
Barrick weighs UK listing for African assets in $30B tie-up with Endeavour
Barrick Mining (TSX: ABX) (NYSE: B) is said to be weighing up a London listing for its African business, a move that may involve merging with Endeavour Mining (LON, TSX: EDV), Reuters…
How to dodge the Iran war
Soaring fuel and chemicals prices triggered by the war in the Middle East are pushing global miners to dig deep for creative solutions. Take the case of Marimaca Copper (TSX: MARI; ASX: MC2), which…
Glencore, Gentile back historical Irish region project sporting 3.3% zinc, 10% lead
New drilling by Glencore-backed (LSE: GLEN) Group Eleven Resources (TSXV: ZNG; US-OTC: GRLVF) at the PG West project in Ireland has expanded the property’s high-grade zinc-lead-silver mineralization, the company said….
Petra Diamonds sidelines Finsch mine, cuts jobs
Petra Diamonds (LSE: PDL) is placing its Finsch mine into business rescue and cutting jobs across its South African operations as collapsing diamond prices and a strong rand threaten the…
Iran war squeezes acid, aluminium, miners’ margins: WoodMac report
The Iran war around the Strait of Hormuz is starting to hit miners far from the Persian Gulf, Wood Mackenzie warned on Wednesday. The conflict is choking sulphur shipments that…
Sovereign seeks $60M rare earth revenue from tailings in Malawi
Sovereign Metals (ASX: SVM; LSE-A: SVML; US-OTC: SVMLF) said Wednesday heavy rare earth-rich monazite confirmed in four planned pits at its Kasiya project in Malawi could open a third revenue…
Critical Metals secures 15-year offtake from REalloys
Critical Metals (Nasdaq: CRML) has secured a long-term offtake partnership with United States-based magnet manufacturer REalloys (Nasdaq: ALOY) for the production of rare earth concentrates from its Tanbreez project in…
Greenland Mines buys rare earth project from Neo Performance for $35M
Greenland Mines (Nasdaq: GRML) is acquiring an advanced exploration asset that is prospective for magnet rare earths neodymium and praseodymium. Charlotte, North Caroline-based Greenland Mines will buy the Sarfartoq project…
European Union targets tungsten, rare earths stockpile to counter China’s grip
The European Union has shortlisted tungsten, rare earths and gallium for its first coordinated stockpile of critical minerals as the bloc steps up efforts to reduce dependence on China for…
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…
Copper nears record on China demand, supply fears
Copper extended its rise on Tuesday and is now closing in on a fresh all-time high, with a rebound in Chinese demand and concerns over global supplies serving as catalysts…