News and Reports

Rio Tinto invests US$188M to upgrade aluminum smelter in Quebec

July 14, 2022 / www.northernminer.com

Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is investing US$188 million to increase the production capacity for low-carbon, high-value aluminum billets at its Alma smelter in Lac-Saint-Jean, Que., by 202,000 tonnes.The existing casting centre at Rio Tinto's Alma plant will be expanded to accommodate new state-of-the-art equipment, including a casting pit and furnaces, allowing a larger portion of th...Read More

Barrick sees 5.4% bump in quarterly gold output; copper production up 18.8%

July 14, 2022 / www.northernminer.com

Barrick Gold (NYSE: GOLD; TSX: ABX) has reported its preliminary second quarter operating results, showing total gold production of 1 million oz. and copper production of 120 million lb. During the quarter, it managed to sell all of the gold produced and 113 million lb. of copper.The gold output represents a 5.4% increase over the first quarter of 2022, which Barrick has said would be its lowest p...Read More

Anglo American, Nippon Steel to work on low-carbon steelmaking

July 14, 2022 / www.northernminer.com

Anglo American (LSE: AAL) and Japan's Nippon Steel have joined forces to develop solutions for lower-carbon steelmaking, a process responsible for up to 9% of global greenhouse emissions.The companies will research ways to optimize premium lump ore produced by Anglo American's mines in Brazil and South Africa to decrease emissions in the traditional blast furnace (BF) steelmaking process.The partn...Read More

Winter coming for Chile miners

July 14, 2022 / www.mining-journal.com

The mining sector expected change with the election of left-leaning president Gabriel Boric earlier this year on a ticket of advancing social equality and the drafting of a new Constitution.Read More

FireFox Gold Confirms Near-Surface High-Grade Gold Zone in Drilling at Mustaj??rvi Project

July 13, 2022 / bit.ly

FireFox Gold Corp. (TSX.V:FFOX)(OTCQB:FFOXF)(Read full newsRead More

Tartisan releases positive PEA for Kenbridge underground nickel mine

July 13, 2022 / www.northernminer.com

Tartisan Nickel (CSE: TN; US-OTC: TTSRF) has announced results of a positive preliminary economic assessment for its flagship Kenbridge nickel project, adjusting the mine plan to focus solely on mining resources from underground. Located in the Kenora mining district of northwestern Ontario, the Kenbridge project currently has an existing shaft to a depth of 622 metres.The PEA indicates a nine-yea...Read More

Osisko Metals releases PEA for NWT zinc mine

July 13, 2022 / www.canadianinvestor.com

Share this articleVANCOUVER - Osisko Metals Inc. [OM-TSXV, BWMXF-OTC] on Wednesday released the results of an updated preliminary economic assessment (PEA) for its Pine Point project in the Northwest Territories, which is expected to be a producer of ultra-clean zinc concentrate.The objective of the 2022 PEA update was to integrate updated long-term prices for zinc and lead, increased mined resour...Read More

Osisko updates Pine Point PEA, lowers dewatering volume...

July 13, 2022 / www.mining-journal.com

Mining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDEclipse Metals to Explore Rare Earth Potential of Historic Greenland MineSPONSOREDeclipse metals ltdPensana Plc to provide UK-produced rare earth resourcesSPONSOREDpensanaHomegrown and future-focused: a battery and critical metals discovery in the USASPONSOREDstill waters critical mineralsThe PEO aimed to integrate updated long...Read More

US inflation posts largest gain since 1981

July 13, 2022 / www.mining-journal.com

Economists had expectations of a 8.8% increase, based on higher fuel, food and other costs. Inflation grew at an annualised 8.6% in May.Read More

Brazil's Vale to supply iron ore to China pre-blend...

July 13, 2022 / www.mining-journal.com

The project is expected to start operations by the second half of 2023 and intends to develop silo-blending facilities of up to eight different ores with a 15 million onnes a year capacity in theRead More

Ecuador court backs Dundee Precious

July 13, 2022 / www.mining-journal.com

The court ruling backed a previous decision by Ministry of Environment, Water and Ecological Transition (MAATE) to grant water rights and other environmental permits to the scheme.Read More

Jewelry Store to Close . . . After 277 Years in Business

July 13, 2022 / www.idexonline.com

(IDEX Online) - A British jewelry store will close this weekend after an astonishing 277 years in business, at the same address.Thurlow Champness, in Bury St Edmunds, Suffolk, (pictutred) was established by watchmaker George Lumley back in 1745. He also sold clocks, watches, diamond jewelry and gold pieces.Current owner Trevor Salt is retiring 40 years in the business and says there is nobody to h...Read More

Rio Tinto Could Pull Out of Star-Orion South Mine, Canada

July 13, 2022 / www.idexonline.com

(IDEX Online) - The Star-Orion South diamond mine, in Canada, will be put on care and maintenance at the end of this year, following disagreements between joint venture partners Rio Tinto Exploration Canada Inc. and Star Diamond Corp.Rio Tinto said in a statement that it was reviewing its options and warned it could pull out of the project completely. Star Diamond said it was disappointed.Both sid...Read More

Toronto-listed K92 Mining output below estimates

July 13, 2022 / www.mining-journal.com

"This was 4,000 ounces shy of our 30,300 ounces estimate," said analysts at Toronto-based Desjardins.Read More

Talon Metals intersects high-grade nickel, copper outside of Tamarack resource area

July 13, 2022 / www.northernminer.com

Talon Metals (TSX: TLO; US-OTC: TLOFF) has reported high-grade nickel and copper assay results from its Tamarack nickel project in Minnesota. The drill results come from CGO East, an area of 500 metres by 900 metres outside of the nickel project's defined resource area.Highlights from eight infill holes included 6.56 metres grading 2.95% nickel and 1.01% copper starting at a depth of 133.60 metr...Read More

Wallbridge spins out nickel assets to focus on gold

July 13, 2022 / www.northernminer.com

Wallbridge Mining (TSX: WM; US-OTC: WLBMF) is selling its nickel assets to Archer Exploration (CSE: RCHR) in an all-share deal worth $53.6 million.The company said it wants to focus on its core gold projects Fenelon and Martiniere, and is selling its Grasset and RUM projects in Quebec and its Sudbury and NW projects in Ontario.Under the deal, Wallbridge will receive about 198.6 million common sh...Read More

Umicore to build $1.5-billion battery materials factory in eastern Ontario?EUR??EUR??EUR?

July 13, 2022 / www.northernminer.com

Belgium-based Umicore, a circular materials technology firm, plans to invest $1.5 billion to build a manufacturing plant in Ontario for cathode active battery materials and their precursor ingredients. The company aims to start construction in 2023 and kick off operations at the end of 2025, with the goal of supplying battery components to about 1 million electric vehicles a year by 2030.?EUR? U...Read More

Technology Metals Snapshot: Eight companies developing next generation metals

July 13, 2022 / www.northernminer.com

As economies around the world decarbonize, the increasing demand for electric vehicles and green energy storage technologies is driving a boom in the exploration and development of technology-metals deposits, among them lithium, cobalt, nickel, and rare earths. Here are eight mining companies supporting the global transition to a clean energy future. CANADA SILVER COBALT WORKSThe Castle mine wa...Read More

Osisko Metals updates Pine Point PEA, showing zinc project with $602M after-tax NPV

July 13, 2022 / www.northernminer.com

Osisko Metals (TSXV: OM; US-OTC: OMZNF) has released an updated preliminary economic assessment (PEA) for its wholly owned Pine Point base metals project located near the town of Hay River, NWT. The study was prepared in collaboration with independent engineering firms BBA, WSP Canada and Hydro-Resources.The objective of the PEA was to integrate updated long-term prices for zinc and lead, increase...Read More

Rock Tech signs framework agreement with car maker in Germany

July 13, 2022 / www.northernminer.com

Rock Tech Lithium (TSXV: RCK; US-OTC: RCKTF) has signed a framework agreement with an unnamed global car maker headquartered in Germany to supply lithium hydroxide over an initial five-year period.Rock Tech is building a lithium hydroxide converter in Germany (Guben, Brandenburg), and expects to start production there in 2024. The facility is forecast to have a production capacity of 24,000 tonnes...Read More

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