Industry News
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South Africa studying court judgment that parts of mining charter unconstitutional
Ground handling worker performing a routine inspection at Finsch, South Africa’s second largest diamond operation by production. (Image courtesy of Petra Diamonds.) South Africa’s mining ministry said it was studying a judgment by the High Court that some clauses in the country’s mining char...Read more -
Poland faces 500,000 euro daily fine for ignoring coal mine ban
About 7% of the electricity Poland consumes comes from a single coal mine, Turów. (Image courtesy of Anna Uciechowska | Wikimedia Commons) Poland insisted it won’t stop extracting coal at the Turow lignite mine near the Czech border even after hearing it faces a daily 500,000 euro ($586,000)...Read more -
Mining firms in Mexico must face ‘strict’ scrutiny, says senior official
First Majestic’s La Encantada silver mine in Mexico. (Image: First Majestic Silver Corp.) Mining companies in Mexico should expect tough environmental reviews given their projects’ major impacts, a senior official told Reuters, insisting that a backlog of evaluations is easing despite indust...Read more -
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...Read more -
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...Read more -
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...Read more -
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...Read more -
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...Read more -
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...Read more -
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...Read more -
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...Read more -
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...Read more