News

  • Russia mulls new extraction tax and higher profit tax for metals firms

    Image courtesy of Norilsk Nickel  Russia’s finance ministry proposed setting a mineral extraction tax (MET) linked to global prices for producers of iron ore, coking coal and fertilizers, as well as ore mined by Nornickel, four sources at companies familiar with talks told Reuters. The mini...
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  • Commodity price surge spurs Australian explorers to get digging

    Australia’s prolific Pilbara iron ore mining region. (File image) Australian companies’ spending on resources exploration at home and abroad hit the highest in seven years in the June quarter, spurred by strong price gains across a range of commodities as the global economy recovers from the...
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  • Aya raises $55 million for Zgounder silver expansion in Morocco

    Zgounder silver mine in Morocco. Credit: Aya Gold & Silver Aya Gold and Silver (TSX: AYA) has closed a bought deal financing of C$70 million ($55.3m), selling a total of 6.8 million shares at a price of C$10.25 each. The funds will go primarily toward a feasibility study for an expansion o...
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  • Teck Resources weighs sale, spinoff of $8 billion coal unit

    Teck’s Greenhills steelmaking coal operation in Elk Valley, British Columbia. (Image courtesy of Teck Resources.) Teck Resources Ltd. is exploring options for its metallurgical coal business, including a sale or spinoff that could value the unit at as much as $8 billion, people with knowledg...
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  • Chile indigenous group asks regulators to suspend SQM’s permits

    (Image courtesy of SQM.) Indigenous communities living around Chile’s Atacama salt flat have asked authorities to suspend lithium miner SQM’s operating permits or sharply reduce its operations until it submits an environmental compliance plan acceptable to regulators, according to a filing v...
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  • US House committee votes to block Rio Tinto’s Resolution mine

    A U.S. House of Representatives committee has voted to include language in a wider budget reconciliation package that would block Rio Tinto Ltd from building its Resolution copper mine in Arizona. The San Carlos Apache tribe and other Native Americans say the mine would destroy sacred land whe...
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  • Condor Gold charts two options for mining La India

    Nicaragua-focused Condor Gold (LON:CNR) (TSX:COG) has outlined two mining scenarios in an updated technical study for its flagship La India gold project, in Nicaragua, both of which anticipate robust economics. The Preliminary Economic Assessment (PEA), prepared by SRK Consulting, considers tw...
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  • BHP inks exploration deal with Gates and Bezos-backed KoBold Metals

    KoBold has used data-crunching algorithms to build what’s been described as a Google Maps for the Earth’s crust. (Stock image.) BHP (ASX, LON, NYSE: BHP) has struck a deal to use artificial intelligence tools developed by KoBold Metals, a start-up backed by a coalition of billionaires includ...
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  • Native Americans lose bid to halt digging at Nevada lithium mine site

    A U.S. federal judge ruled on Friday that Lithium Americas Corp may conduct excavation work at its Thacker Pass lithium mine site in Nevada, denying a request from Native Americans who said the digging would desecrate an area they believe holds ancestral bones and artifacts. The ruling from...
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  • AngloGold eyes Argentina projects in partnership with Latin Metals

    The Organullo gold project is one of the three assets AngloGold may get involved with. (Image courtesy of Latin Metals.) Canada’s Latin Metals (TSX-V: LMS) (OTCQB: LMSQF) has inked a potential partnership deal with one of the world’s biggest gold miners – AngloGold Ashanti (NYSE: AU) (JSE: AN...
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  • Russell: Iron ore price slump justified by improving supply, China steel control

    Stock Image. (The opinions expressed here are those of the author, Clyde Russell, a columnist for Reuters.)  Iron ore’s rapid retreat in recent weeks shows once again that price pullbacks can be as disorderly as the exuberance of rallies, before the fundamentals of supply and demand reassert ...
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  • Vizsla Silver guides for a September Panuco project restart

    Inside Panuco in Sinaloa, Mexico. Credit: Vizla Resources Pending continued improvement in regional health statistics, Vizsla Silver (TSXV: VZLA) plans a staged restart of drilling activities on September 1 at its Panuco silver-gold project in Sinaloa state, Mexico.  Soaring covid-19 cases ha...
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