Cornish Metals posts updated South Crofty PEA

Canadian explorer Cornish Metals has completed an updated preliminary economic assessment (PEA) for its South Crofty tin project, in Cornwall, UK, confirming robust economics for what could become... 

Japan Gold sinks 44% as Barrick exits exploration alliance

Shares of Japan Gold plunged 44% on Monday after the Vancouver-based explorer said Barrick Mining would walk away from their five-year strategic alliance in Japan. The partnership, struck in 2020... 

Alcoa to shut Kwinana refinery, 220 jobs axed

Aluminium giant Alcoa will permanently shut its Kwinana alumina refinery, delivering another blow to Western Australia’s industrial strip and putting 220 jobs on the line. The Pittsburgh-based... 

Viljoen to become Newmont’s first female CEO in company’s 104-year history

Gold major Newmont on Monday named COO Natascha Viljoen as its next president and CEO, marking the first time in the company’s 104-year history that a woman will lead the world’s largest gold... 

Australian Treasurer signals conditional support for struggling smelters

Federal Treasurer Jim Chalmers says the government is prepared to play a constructive role in supporting Australia’s embattled smelters but stressed that taxpayer funding must deliver “value for... 

$80m equity financing paves way for Pumpkin Hollow restart

Private equity firm Kinterra Capital is aiming to restart the Pumpkin Hollow underground copper mine in Nevada within the next 24 months, following the completion of an $80-million equity financing... 

Black Rock to kick off early works at Mahenge graphite project

ASX-listed Black Rock Mining will commence early works at its Mahenge graphite project in Tanzania after raising A$10-million in a recent equity placement. The programme, which will start in... 

Fortescue places China’s largest green mining equipment export order

Iron-ore major Fortescue has placed China’s biggest-ever export order for green mining machinery, signing a supply agreement with XCMG Machinery for 150 to 200 battery-electric haul trucks. The... 

MinRes completes Onslow haul road upgrades

Iron-ore producer Mineral Resources (MinRes) has wrapped up upgrades to its Onslow Iron private haul road in Western Australia, clearing the way for trucks to return to normal operating speeds.... 

McEwen Copper’s Los Azules secures RIGI approval for $2.7bn investment

Argentina has approved McEwen Copper’s Los Azules project for inclusion in the Large Investment Incentive Regime (RIGI), endorsing a $2.7-billion investment to advance one of the country’s most... 

Northern Dynasty reports $12m royalty payment, says Pebble talks continue

Copper and gold developer Northern Dynasty Minerals has received a $12-million payment under a royalty financing agreement as the Canadian developer continues to push for US government approval to... 

Gold Fields completes Gold Road deal, offloads Northern Star stake for A$1.1bn

South Africa-headquartered Gold Fields has cleared the last major conditions in its A$3.3-billion takeover of Australia's Gold Road Resources, after shareholders voted in favour of the deal and the... 

Core Lithium pays $2m to terminate last Finniss offtake

Lithium company Core Lithium has scrapped its last binding supply deal with a Chinese customer, paying $2-million to terminate its offtake agreement with Ganfeng Lithium and free up future... 

BHP strikes biggest renewables deal yet to power copper mines in South Australia

Diversified miner BHP has inked its largest renewable-energy agreement to date in South Australia, signing a 100-MW baseload supply deal with French developer Neoen to help power its copper... 

Kinross sells stake in Asante Gold for C$73m

Canadian miner Kinross Gold said on Tuesday that it had sold its entire common shareholding in Asante Gold for C$73.1-million. Kinross disposed of 36 927 650 shares, representing about 5.2% of... 

Board ‘acted independently’ in RDG decisions, says MinRes chair

Lithium and iron-ore miner Mineral Resources (MinRes) has executed a binding agreement to acquire the assets of Resource Development Group (RDG), including the failed company’s Lucky Bay garnet... 

Former New World execs appointed Peel Mining CEO, CFO

Copper exploration company Peel Mining has overhauled its executive deck with the appointment of two former top executives of New World Resources, which was recently acquired by Kinterra Capital.... 

MinRes plans $700m bond offering to refinance debt

Australian iron-ore and lithium miner Mineral Resources (MinRes) is preparing to tap debt markets with a proposed $700-million bond sale, aiming to refinance notes maturing in 2027 as the company... 

Newmont exits Orla Mining with $439m stake sale

US miner Newmont has sold its entire 13.3% interest in Orla Mining, generating $439-million in gross proceeds as the world’s top gold producer streamlines its portfolio. The Denver-based miner... 

Foran’s McIlvenna Bay project hits key milestones, stays on track for mid-2026 start

Critical minerals developer Foran Mining has reported steady progress at its McIlvenna Bay copper/zinc project in Saskatchewan, with construction now 56% complete and first production still... 

Peak shareholders to receive cash as Shenghe scheme becomes effective

ASX-listed Peak Rare Earths on Friday confirmed that the Supreme Court of New South Wales has approved the proposed acquisition of the company by Shenghe Resources (Singapore), clearing the final... 

Leo Lithium ends asset hunt, returns A$330m to shareholders

ASX-listed Leo Lithium has said it will distribute A$330-million to shareholders this year and wind down operations after abandoning its search for new assets. The company will return the cash in... 

Maxus Mining acquires Alturas antimony project from Equinox

Vancouver-based Maxus Mining has entered into a property option agreement with Equinox Resources to acquire a 100% interest in the Alturas antimony project, in British Columbia’s Slocan mining... 

QCoal starts consultation on Cook Colliery unit closure

Independent Queensland coal miner QCoal has begun consultation with workers at the Cook Colliery, near Blackwater in the Bowen basin, after flagging the potential closure of one of the mine’s two... 

Indigenous opposition clouds Teck-Anglo tie-up

The proposed merger of Teck Resources and Anglo American is drawing opposition from Indigenous leaders in British Columbia, who warn the deal cannot go ahead without consultation. The Osoyoos... 

Resolution Minerals raises A$25m ahead of proposed US listing

Australian junior Resolution Minerals has secured firm commitments for a A$25.1-million placement, attracting support from high net worth and institutional investors, as it positions itself to... 

Grim week for Queensland coal as Anglo and BHP shed jobs

The Queensland coal sector is facing a fresh wave of job losses, with Anglo American Australia confirming on Thursday that more than 200 positions will go, just a day after BHP announced 750... 

Artemis Gold lifts Blackwater capacity, orders long-lead equipment for Phase 2

Artemis Gold has approved plans to increase throughput at its Blackwater mine in British Columbia, announcing a 33% expansion of the Phase 1 processing plant and placing orders for key equipment... 

Northern Minerals expands mining leases at Browns Range

Heavy rare earths company Northern Minerals has been granted a new mining lease that more than doubles the tenure area at its Browns Range project, in Western Australia’s East Kimberley. The... 

AuKing to acquire full ownership of Cloncurry gold project

ASX-listed AuKing Mining has struck a binding heads of agreement to acquire 100% of Orion Resources, securing full ownership of the Cloncurry gold project in north-west Queensland. The proposed... 

Tivan secures Molyhil project to advance Central Australian critical minerals precinct

Critical minerals company Tivan has strengthened its foothold in Central Australia with the A$8.75-million acquisition of the Molyhil tungsten/molybdenum project, in a deal welcomed by the Northern... 

Agnico CEO rules out Teck bid - report

Gold miner Agnico Eagle Mines is not considering a takeover bid for Teck Resources, CEO Ammar Al-Joundi has confirmed. According to Bloomberg News, Al-Joundi told the Mining Forum Americas in... 

Peak dismisses US suitor, backs Shenghe scheme

ASX-listed Peak Rare Earths has rejected an unsolicited approach from US-based General Innovation Capital Partners (GICP), reaffirming its support for a proposed A$195-million takeover by Shenghe... 

Paladin launches A$300m equity raising to fund PLS uranium project

Uranium miner Paladin Energy has unveiled plans for a fully underwritten equity raising of A$300-million to support the development of its Patterson Lake South (PLS) uranium project in Canada,... 

Newmont sells Canada project for $150m

Gold major Newmont on Monday announced an agreement to sell its Coffee gold project, in Yukon, Canada, to Fuerte Metals for up to $150-million. Fuerte is supported by key shareholders, Pierre... 

Australia 'outcompeted' for global capital, BHP warns

Diversified miner BHP has urged the Australian government to adopt tax and regulatory reforms that would make the country more competitive for global investment, warning that current policy... 

St Barbara explores Touquoy restart as Nova Scotia strengthens permitting regime

Gold miner St Barbara has welcomed improvements to the permitting environment in Nova Scotia, Canada, announcing on Monday that it had withdrawn its Supreme Court appeal over reclamation conditions... 

Alamos Gold exits Türkiye to focus on North America

Canada-based Alamos Gold announced on Sunday that it would sell its Turkish development projects to Tümad Madencilik Sanayi ve Ticaret for $470-million in cash, exiting the country to focus on... 

Abcourt pours first gold at Sleeping Giant mine

TSX-V-listed Abcourt Mines has completed the first gold pour at its Sleeping Giant mine in Quebec, a key step in the company’s plan to restart operations at the historic asset. The pour took place... 

Freeport still searching for 7 missing workers at Grasberg

Freeport-McMoRan said on Friday its Indonesian unit was continuing around-the-clock efforts to locate seven missing contractors after a mudflow blocked access routes at its Grasberg block cave mine...