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North America News

Reserve Bank concern about decline of public markets welcome development – Miller  

By: Martin Creamer     12th June 2024 The concern that South Africa’s Reserve Bank expressed last week on the state of this country’s public markets is seen as a welcome development by AmaranthCX director and public market promoter Paul Miller. Everything the Johannesburg Stock Exchange (JSE) has done, even when it has been... 

Four central banks sign London Principles to formalise artisanal small-scale gold mining sector

By: Darren Parker     12th June 2024 The World Gold Council (WGC) has announced that four central banks have committed to signing ‘The London Principles’, which is a set of operating principles to help structure and formalise central bank artisanal and small-scale gold mining (ASGM) domestic purchase programmes (DPP). The inaugural... 

Artisanal gold miners
Artisanal gold miners

TMC produces cobalt sulphate from seafloor polymetallic nodules

By: Creamer Media Reporter      12th June 2024 Nasdaq-listed critical minerals company TMC on Wednesday announced the successful production of cobalt sulphate derived exclusively from seafloor polymetallic nodules. The milestone was achieved during bench-scale testing of TMC’s hydrometallurgical flowsheet design in collaboration with SGS... 

Nodules being inspected
Nodules being inspected

Green Battery and Volt Carbon to co-develop Quebec graphite project

By: Creamer Media Reporter      12th June 2024 TSX-V-listed Green Battery Minerals has entered into an option agreement with fellow-listed Volt Carbon Technologies to co-develop the Berkwood graphite project, in Quebec. Volt has an option to acquire a 5% interest in the project by funding C$150 000 in exploration before the end of December... 

Mawson to acquire Southern Cross Gold in merger

By: Mariaan Webb     12th June 2024 Exploration and development company Mawson Gold has announced a nonbinding term sheet with Southern Cross Gold (SXG), outlining its intent to acquire all the ordinary shares of the Australian company that it does not own. Following the acquisition, which will be implemented through an Australian... 

GMIN’s TZ mine on the brink of gold production

By: Creamer Media Reporter      12th June 2024 TSX-listed G Mining Ventures (GMIN) has announced progress in the commissioning of its Tocantinzinho (TZ) gold project, in Brazil. With the project engineered to produce about 175 000 oz/y of gold over a 10.5-year mine life, the company says it is on schedule and within budget to begin... 

GMIN’s TZ mine on the brink of gold production

Elliott steps in to back faltering Canadian copper miner after bankruptcy

By: Bloomberg     12th June 2024 US hedge fund manager Elliott Investment Management has offered support to troubled Canadian miner Nevada Copper after the company filed for bankruptcy protection. Before Monday’s bankruptcy filing, Nevada Copper had attracted two bidders though it failed to close a deal with either one, CFO... 

Elliott steps in to back faltering Canadian copper miner after bankruptcy

Freeport-McMoRan is looking for ways to expand copper production, CEO says

By: Bloomberg     12th June 2024 US copper giant Freeport-McMoRan believes it can unlock the equivalent of a large new mine by applying new processing technology at its existing assets, according to new CEO Kathleen Quirk. Quirk, who steps into the role on Tuesday to become the only female CEO of a major listed mining company,... 

Freeport-McMoRan is looking for ways to expand copper production, CEO says

Artificial intelligence used to eliminate need for rare earths in permanent magnets 

By: Martin Creamer     11th June 2024 Discovering new materials has historically been slow. Now artificial intelligence (AI) is making it possible to discover a material entirely computationally and have that verified experimentally. An example of this is AI being used to create a permanent magnet that does not contain any rare earth... 

Development of rare earth-free permanent magnets.
Materials Nexus CTO Robert Forrest interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

US BLM approves follow up drilling at Arizona Lithium’s Big Sandy

By: Mariaan Webb     11th June 2024 The US Bureau of Land Management (BLM) has issued Arizona Lithium a permit for a drill and bulk sampling programme at the Big Sandy project, in Arizona. The ASX-listed company is now set to start a long-awaited follow up drill programme at Big Sandy, which currently contains a resource of 320... 

Kamoa-Kakula Phase 3 concentrator achieves first production ahead of schedule

By: Marleny Arnoldi     11th June 2024 Canada-headquartered miner Ivanhoe Mines has achieved first concentrate production at the Kamoa-Kakula operation’s Phase 3 concentrator, in the Democratic Republic of Congo (DRC). The Phase 3 concentrator was completed nearly two quarters ahead of schedule and is expected to increase... 

Kamoa-Kakula, in DRC
Kamoa-Kakula, in DRC

South Africa’s quickly advancing Copper 360 is guiding sharp 2025 revenue rise  

By: Martin Creamer     11th June 2024 The revenue of South Africa’s quickly advancing Northern Cape copper mining company Copper 360, the only pure copper play on the Johannesburg Stock Exchange, is forecast by the company to have risen sharply by the end of February next year. The AltX-listed company headed by CEO Jan Nelson, is... 

Copper 360 CEO Jan Nelson.
Copper 360 annual results presentation covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Canadian govt invests C$10m in Ontario critical mineral projects

By: Mariaan Webb     11th June 2024 Energy and Natural Resources Minister Jonathan Wilkinson on Monday announced two investments of C$5-million each to support the critical minerals sector in Canada, specifically in northern Ontario. The funding recipients are the Mining Innovation Rehabilitation and Applied Research Corporation... 

Premium Nickel raises C$27.5m for Botswana projects amid strong investor interest

By: Mariaan Webb     11th June 2024 Canadian mining company Premium Nickel Resources will raise C$27.5-million through an upsized private placement offer, the company announced on Monday. This is an increase from the initial C$15-million offering, reflecting strong interest, primarily from existing shareholders, said the... 

Energy Fuels achieves commercial production of separated rare earths at White Mesa

By: Mariaan Webb     11th June 2024 Uranium and rare earths elements (REEs) producer Energy Fuels has begun commercial production of separated neodymium-praseodymium (NdPr) at its White Mesa mill, in Utah. This marks a milestone, bringing back the production of separated REEs back to the US after several decades. 

The White Mesa mill
The White Mesa mill

Canada expands critical minerals list to 34

By: Mariaan Webb     11th June 2024 Energy and Natural Resources Minister Jonathan Wilkinson on Monday announced an expansion of Canada’s critical minerals list, adding high-purity iron, phosphorus, and silicon metal to the previously established 31 minerals. This update brings the total to 34 materials deemed essential for the... 

Energy and Natural Resources Minister Jonathan Wilkinson
Energy and Natural Resources Minister Jonathan Wilkinson

Critical Metals to buy controlling stake in Greenland REE mine

By: Creamer Media Reporter      10th June 2024 Nasdaq-listed Critical Metals has signed a binding heads of agreement to acquire a controlling interest in the Tanbreez rare earth mine, in Greenland, from a company controlled by geologist Gregory Barnes. The Tanbreez project is a permitted critical minerals asset positioned to unlock a... 

Critical Metals to buy controlling stake in Greenland REE mine

TotalEnergies, Air Products hydrogen deal uplifts platinum demand outlook still further 

By: Martin Creamer     10th June 2024 A 15-year agreement involving the supply of an initial 70 000 t of green hydrogen a year has been signed by TotalEnergies and Air Products. TotalEnergies, which is active in some 120 countries and which cites sustainability as being at the heart of its strategy, is setting out to reduce the net... 

TotalEnergies, Air Products hydrogen deal uplifts platinum demand outlook still further

Nevada Copper files for bankruptcy, CEO steps down

By: Mariaan Webb     10th June 2024 US copper miner Nevada Copper on Monday announced that it had filed for bankruptcy protection under Chapter 11 of the US Bankruptcy Code. The company, which owns the Pumpkin Hollow mine, will not continue operations during the restructuring period. 

Tom Albanese has been appointed chairperson
Tom Albanese has been appointed chairperson

Agriculture, mining remain growth areas for Omnia, despite difficult operating environment

By: Marleny Arnoldi     10th June 2024 JSE-listed chemicals group Omnia has reported a 10% decrease in operating profit to R1.7-billion for the financial year ended March 31, saying this reflected volatile market conditions and global economic strain. Net profit, however, increased by 1% to R1.16-billion, while earnings a share... 

Omnia CEO Seelan Gobalsamy
Omnia CEO Seelan Gobalsamy

Canadian miner one step closer to commercialise high-purity, EV-compliant manganese

By: Creamer Media Reporter      10th June 2024 TSX-V-listed Manganese X Energy’s high-purity manganese (HPMSM) sample has met US battery manufacturer C4V’s Phase 1 commercial level qualification compliance standards for the electric vehicle (EV) battery cathode and is moving to the next round of testing. "Achieving this milestone brings us... 

Barrick and Zijin contribute $1m to PNG landslide relief efforts

By: Creamer Media Reporter      10th June 2024 Mining companies Barrick Gold and Zijin Mining – joint venture partners in the Porgera mine – have jointly contributed $1-million to help communities in Papua New Guinea’s Enga province in the wake of a landslide in Mulitaka that has claimed an estimated 600 lives. A team of senior Barrick... 

New Porgera Limited and Barrick Niugini Limited country manager Karo Lelai (left) hands over the second donation of relief supplies from the Porgera mine to Dorothy Kukum, director of community development with the Enga provincial government, on June 3.
New Porgera Limited and Barrick Niugini Limited country manager Karo Lelai (left) hands over the second donation of relief supplies from the Porgera mine to Dorothy Kukum, director of community development with the Enga provincial government, on June 3.

Colombia halts coal exports to Israel over Gaza war

By: Reuters     10th June 2024 Colombia's President Gustavo Petro on Saturday said the country, which is reported to be Israel's biggest supplier of coal, will suspend exports of the fuel source to Israel over its assault on the Gaza Strip. Petro, a leftist, cut diplomatic ties with Israel in May and has strongly criticized... 

Colombia President Gustavo Petro says coal exports to Israel will be halted.
Colombia President Gustavo Petro says coal exports to Israel will be halted.

Major world economies seek to halt new private sector coal financing

By: Reuters     7th June 2024 Some of the world's major economies want to finalise a plan ahead of this year's UN climate summit to halt new private sector funding for coal projects, five sources with direct knowledge of the matter told Reuters. If approved, the draft proposal by the Organisation for Economic Co-operation... 

Major world economies seek to halt new private sector coal financing

Hudbay and unions sign agreement for Copper World mine project

By: Creamer Media Reporter      7th June 2024 TSX- and NYSE-listed Hudbay Minerals, in collaboration with several labour unions, has announced the signing of a letter of intent to enter into a project labour agreement (PLA) for the construction of the Copper World mine, in Arizona. The agreement involves the International Brotherhood of... 

Sibanye-Stillwater changes covenant flexibility of its credit facilities

By: Tasneem Bulbulia     7th June 2024 JSE- and NYSE-listed Sibanye-Stillwater has announced that the lenders of its revolving credit facilities (RCFs), which include a $1-billion and a R5.5-billion RCF, as well as its Silicosis Guarantee Facility, have agreed to uplift the leverage covenant limits for all the facilities, which the... 

An image of Sibanye CEO Neal Froneman
Photo by Creamer Media's Donna Slater
CEO Neal Froneman

Nevada Copper urgently seeks funding

By: Mariaan Webb     7th June 2024 Vancouver-based Nevada Copper said on Thursday that it urgently needed funding to maintain operations and complete the commissioning and ramp-up of its Pumpkin Hollow underground mine in Yerington, Nevada. The company has been in discussions with key stakeholders and other parties to secure... 

Nevada Copper urgently seeks funding

World Hydrogen alerted to benefit of South Africa’s zero-emission hydrogen haul truck 

By: Martin Creamer     7th June 2024 One hydrogen haul truck eliminates the deleterious carbon emissions of the equivalent of 700 cars, First Mode global hydrogen sourcing director James Betts highlighted during this week’s World Hydrogen Australia webinar, where he spoke of the need for the hydrogen haul trucks to be conceived as... 

South Africa pioneered hydrogen haul truck.
South Africa pioneered hydrogen haul truck.

New copper fund revives controversial product  

By: Bloomberg     7th June 2024 Sprott has launched a $100-million fund that will buy and hold physical copper, marking a comeback for a class of investment product that has in the past been highly controversial among investors and regulators. The new Sprott Physical Copper Trust started trading on the Toronto Stock Exchange... 

New copper fund revives controversial product

Global gold ETFs saw first inflows in a year in May, says WGC

By: Reuters     6th June 2024 Global physically backed gold exchange traded funds (ETFs) attracted their first inflows in May after a year, powered by additions to holdings by Europe- and Asia-listed funds, the World Gold Council (WGC) said on Thursday. Safe-haven demand driven by geopolitical and economic uncertainty, as... 

Richards Bay Minerals signs agreement for additional 140 MW of renewable energy   

By: Martin Creamer     6th June 2024 A second renewable-energy project has been announced for heavy mineral sands extraction and refining company Richards Bay Minerals (RBM), which mines in northern KwaZulu-Natal and produces materials used in a wide range of everyday products, from paints to smartphones. In 2022, the Rio Tinto... 

From left Werner Duvenhage, James Cumming and Michael Wickins.
Richards Bay Minerals latest renewable energy announcement covered by Mining Weekly’s Martin Creamer. Video: Creamer Media’s Nicholas Boyd.

B2Gold sells royalties to Versamet

By: Mariaan Webb     6th June 2024 Canada-based B2Gold on Thursday announced the sale of a portfolio of ten precious and base metals royalties to Sandbox Royalties, a private, returns-focused metals royalty company that has been renamed Versamet Royalties. The move, valued at about $90-million, is an opportunity for B2Gold to... 

The transaction includes a 2.7% NSR royalty on the Kiaka gold project, owned by West African Resources.
The transaction includes a 2.7% NSR royalty on the Kiaka gold project, owned by West African Resources.

Firetail’s stock catches alight with Canada copper acquisition

By: Mariaan Webb     6th June 2024 The share price of Australia-listed Firetail Resources skyrocketed 150% on Thursday, as the company unveiled a copper acquisition in Newfoundland, Canada. Firetail announced it had executed an option agreement for the acquisition of up to 80% of the York Harbour project through a staged earn-in. 

Firetail’s stock catches alight with Canada copper acquisition

West Red Lake aims for Madsen restart in H2 2025

By: Mariaan Webb     6th June 2024 TSX-V-listed West Red Lake is gearing up for a big year in 2025. After bolstering its financings through recent fundraisings, the company is setting its sights on restarting the Madsen gold mine, in Ontario, in the second half of next year. The company is currently working on a prefeasibility... 

West Red Lake aims for Madsen restart in H2 2025

SolGold inks exploitation contract for Ecuador copper and gold mine

By: Mariaan Webb     6th June 2024 Dual-listed SolGold has signed an exploitation contract for its flagship Cascabel copper and gold project, in Ecuador. The signing follows successful contractual negotiations and approval of the term sheet by the Ecuador government in July last year. 

SolGold inks exploitation contract for Ecuador copper and gold mine

Copper’s spike isn’t justified by fundamentals, Trafigura says

By: Bloomberg     6th June 2024 Copper’s recent surge to a record wasn’t justified by real-world supply and demand, according to Trafigura Group — the top copper trader and usually one of the market’s most bullish voices. “Prices of non-ferrous metals have moved much higher than fundamentals in the physical spot market might... 

Copper’s spike isn’t justified by fundamentals, Trafigura says

Botswana may raise De Beers stake as Anglo weighs spin-off

By: Reuters     6th June 2024 The Botswana government may raise its shareholding in global diamond miner De Beers, President Mokgweetsi Masisi told JCK News, after parent company Anglo American said it plans to spin off or sell the business. The government owns a 15% stake in De Beers and Botswana accounts for 70% of the... 

Botswana President President Mokgweetsi Masisi
Photo by World Economic Forum
Botswana President President Mokgweetsi Masisi

Investment in clean energy to reach $2tr this year, outpacing investment in fossil fuels

By: Bloomberg     6th June 2024 Investment in clean energy technologies will climb to $2-trillion this year, almost double the amount spent on fossil fuels, according to the International Energy Agency (IEA). Two-thirds of the record $3-trillion invested in energy sources in 2024 will be devoted to sectors such as renewables,... 

A wind turbine and a fossil fuel-powered plant
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