A committee tasked with rewriting the Chilean constitution has approved an early-stage proposal that opens the door to the country nationalizing some of the world's most significant copper and lithium mines.The local media outlet, emol, reported on Monday the constituent assembly's motion brought by the environmental committee received 13 votes in favour, with three against and three abstentions.T...Read More
Mining Journal and MiningNews.Net Copper Outlook ReportSPONSOREDEro Copper touts green focus and shareholder returnsSPONSOREDero copperFor C3 Metals, X marks the spotSPONSOREDc3 metalsGreat Panther, great prospectsSPONSOREDgreat pantherIt has been something of a white-knuckle ride since coming on board in September 2019.Read More
The growing demand for Geodrill's (TSX: GEO; OTC-US: GDLFF) suite of services is set to increase amid heightened investor demand for haven assets like gold. This, in turn, drives interest in metal production and pushes exploration budgets higher, CEO David Harper tells The Northern Miner.The Toronto-based services company reported fourth-quarter and full-year 2021 revenue growth of 8.2% year-over-...Read More
In another important milestone towards its goal of developing a sustainable battery supply chain in North America, Electra Battery Materials (TSXV: ELBM; US-OTC: ELBMF), the company formerly known as First Cobalt, has obtained final approval of the updated closure plan for its hydrometallurgical facility in Ontario.Electra's business strategy is to produce sufficient battery material on an annual...Read More
A 62% jump in passenger electric vehicles (EVs) registrations in the second half of 2021 to 5.84 million units continues to drive an intensifying demand in the battery metals sector, the latest data release from Adamas Intelligence shows.According to the market analyst, an 86% increase in passenger EV registrations in the Asia Pacific region positions it as the top EV market, followed by the Ameri...Read More
Kinross Gold (TSX: K; NYSE: KGC) may permanently exit from Russia after operating in the country for about 25 years, a BMO metals and mining analyst said, as the nation continues to attack Ukraine. On Mar. 2, Kinross announced that it would suspend its Russian operations following Western sanctions. However, in a research note to clients on Mar. 6, BMO analyst Jackie Przybylowski stated that the...Read More
Mining Journal and MiningNews.Net Copper Outlook ReportSPONSOREDEro Copper touts green focus and shareholder returnsSPONSOREDero copperFor C3 Metals, X marks the spotSPONSOREDc3 metalsGreat Panther, great prospectsSPONSOREDgreat pantherThe latest Mining Journal Global Leadership Report, published in September, highlighted five priorities among the occupants of the industry's executive suites.Read More
Canadian explorer Tier One Silver (TSXV: TSLVF; US-OTC: TSLVF) believes it is in the early stages of a new discovery in Peru.The Vancouver-headquartered junior recently completed the first ever drill program on its 100%-owned Curibaya silver-gold project in southwest Peru, about 48 km northeast of the provincial capital Tacna, close to the border with Chile.The drilling comprised 16 holes (5,347...Read More
Mining Journal and MiningNews.Net Copper Outlook ReportSPONSOREDEro Copper touts green focus and shareholder returnsSPONSOREDero copperFor C3 Metals, X marks the spotSPONSOREDc3 metalsGreat Panther, great prospectsSPONSOREDgreat pantherThe sky-high price for lithium and near-record prices for aluminium, tin, copper and a range of other minerals and metals is evidence of the boom conditions develop...Read More
A recent report by IDTechEx estimates that less than 8% of the global cobalt demand and 6% of the lithium demand will be supplied by recycled Li-ion batteries by 2030.According to the market analyst, a combined total of over 180,000 tonnes of lithium, cobalt, nickel, and manganese could be recovered by 2030 through Li-ion recycling, a value which is forecast to grow by approximately 10 times by 20...Read More
Brazilian president Jair Bolsonaro has reiterated the need to allow mining in the nation's Indigenous territories to strengthen food security, as he expects Russia's ongoing invasion of Ukraine to increase the price of potassium.The far-right leader said that it was important for the country to not depend on foreign nations for commodities available in abundance in Brazil."With the Russia/Ukraine...Read More
From heading towards a more "diversified and less concentrated" supply chain of critical metals to the need for skilled people in the global mining industry, World Bank mining specialist Martin Lokanc believes that the world needs to take a number of crucial steps to successfully transition away from fossil fuels and meet its net-zero goals. Speaking at The Northern Miner's first Global Mining...Read More
Mining Journal and MiningNews.Net Copper Outlook ReportSPONSOREDEro Copper touts green focus and shareholder returnsSPONSOREDero copperFor C3 Metals, X marks the spotSPONSOREDc3 metalsGreat Panther, great prospectsSPONSOREDgreat pantherFor the past 60 years, all the most significant metal price cycles have been tied to swings in monetary conditions.Read More
Buenaventura (NYSE: BVN), Peru's largest publicly traded precious metals miner, will begin construction on its delayed San Gabriel gold-silver project in the country's southern region of Moquegua in 2023.The company had planned to start site works at the US$328 million project in the second half of 2021 but had to postpone the move and focus on reducing debt first.The needed cash injection came...Read More
Russia's Alrosa (MCX: ALRS), the world's top diamond miner by output, suspended on Friday its membership in the Natural Diamond Council (NDC), a market alliance of the world's leading producers of precious stones.The move comes only a day after the company, which was placed in the U.S. sanctions list, decided to step down from its position as vice chair of the Responsible Jewellery Council (RJC),...Read More
The Russian invasion of Ukraine has the potential to establish a new commodity world order that tilts reliable supply toward North America, Bloomberg Intelligence says in a research note.Analyst Mike McGlone argues that should oil and gas prices continue to spike amid the increased geopolitical tension, it could very well be the catalyst for a global recession."The conflict is unique, but in 2008,...Read More
Kinross Gold (TSX: K; NYSE: KGC) has announced overnight that it will suspend all development work at its Udinsk gold project in Russia as international sanctions and legal restrictions intensify due to Russia's invasion of Ukraine.The company says it will also suspend operations at its Kupol mine, focusing on the safety and well-being of its more than 2,000 employees and recognizing its obligatio...Read More
Argonaut Gold (TSX: AR) has completed a bought deal private placement of 19.78 million flow-through common shares to raise total proceeds of $51.84 million.This amount includes the full exercise of an over-allotment option to purchase an additional 2.58 million shares (15% of the original amount, as announced in its press release on Feb. 14).The placement was conducted per the terms of an agree...Read More
McEwen Mining (TSX: MUX; NYSE: MUX) closed its offering of 14.5 million flow-through common shares priced at $1.325 each for total gross proceeds of $19.2 million. The sole bookrunner for the offering was Canto Fitzgerald Canada, and PearTree Canada structured the flow-through donation placement.The company will use the proceeds for qualifying Canadian exploration expenditures on its Ontario prope...Read More
Deep-South Resources (TSXV: DSM) seems to have has scored a win in its battle to renew the company's prospecting licence for the Haib copper project in Namibia, after the country's mining and energy ministry missed a deadline to file the permit's refusal. Minister Tom Alweendo declined to renew Deep-South's licence in June last year, citing the Vancouver-based company's inability to advance to a...Read More