American Lithium estimates almost $600m in annual cash flow for Tonopah

Mining News Pro - Analysts say American Lithium‘s Tonopah project in Nevada could run at world-beating costs based on a new study including the sale of by-product magnesium.

Simandou iron ore project to restart in March

Mining News Pro - Work on Guinea’s massive Simandou iron ore mine and infrastructure project is set to restart in March, Guinea’s military junta said in a Jan. 30 statement seen by Reuters on Wednesday.

Search team finds Rio Tinto’s radioactive capsule lost in Australia

Mining News Pro - The capsule was recovered after a nearly week-long search involving around 100 people along a 1,400 kilometres (870 miles) stretch of highway, officials said.

2023 is ‘likely to surprise’ us as much as 2022 did

Mining News Pro - Inflation and geopolitics have overtaken ESG as the biggest concerns for 2023, while energy costs, shifting supply chains, and climate-related regulation and activism still worry firms.

South Africa’s blackouts threaten platinum supply in top miner

Mining News Pro - South Africa’s worst ever power blackouts are threatening platinum and palladium supplies in the top miner, both now and in the years ahead.

Chile mine delays to slow copper growth

Mining News Pro - Copper production in Chile, the world’s largest producer of the red metal, will grow at a slower rate this decade than previously hoped, a government report seen by Reuters showed, with peak output later and lower than estimated a year ago.

Panama won’t allow First Quantum to expand copper mine operations

Mining News Pro - Panama will not allow Canada’s First Quantum to expand the area of its existing copper mining operations, the deputy environment minister told Reuters, stressing the government’s opposition to what it said was a request from the firm for more land.

Fortescue’s Iron Bridge to begin production this quarter

Mining News Pro - Australia’s Fortescue Metals Group on Friday confirmed its Iron Bridge project was on track to begin production at the end of the March quarter, realizing a key strategy to secure better prices for its ore.

Wesdome CEO resigns in surprise move after delayed projects

Mining News Pro - Wesdome Gold Mines (TSX: WDO) president and chief executive officer Duncan Middlemiss has resigned after the Kiena mine upgrade in Quebec fell behind schedule and the company missed production goals.

UK university, Bolivian government join forces to boost lithium industry

Mining News Pro - The University of Warwick and the Bolivian Government have joined forces to collaborate on lithium battery research with the goal of backing the South American country’s efforts to become a world leader in renewable energies and electric vehicles.

SPC Nickel enters agreement with Vale to consolidate deposits in Sudbury camp

Mining News Pro - SPC Nickel has entered into a cooperation agreement with Vale Canada that would see the company consolidate the West Graham and Crean Hill 3 nickel-copper deposits located in the Sudbury mining camp into a single project.

American Lithium buys back royalty on TLC project in Nevada

Mining News Pro - American Lithium has entered into an agreement with Nevada Alaska Mining, an arm’s-length party, to buy back the remaining 1% gross overriding royalty on the company’s wholly owned TLC lithium project in Nevada.

British Columbia spent $13.6 billion on mineral exploration in 2022

Mining News Pro - British Columbia had record spending on mineral exploration in 2022 and there are eight new mines or mine expansions in the queue, Premier David Eby said Monday at the opening of the Association of Mineral Exploration (AME) Roundup conference in Vancouver.

Brazil’s Lula pledges to eliminate illegal mining, help Yanomami

Mining News Pro - Illegal mining will be eliminated in Brazil, President Luiz Inacio Lula da Silva told journalists after visiting an institution for Indigenous healthcare in Boa Vista, Roraima state, in the Amazon region.

GoviEx sells Falea uranium project in Mali

Mining News Pro - GoviEx Uranium is selling its uranium-silver-copper Falea project in Mali to African Energy Metals (TSXV: CUCO) in a C$5.5 million cash and share deal.

New Found Gold discovers high-grade zone at Queensway in Newfoundland

Mining News Pro - New Found Gold says it has discovered a new zone and vein extending mineralization south of the Keats deposit at its Queensway project in central Newfoundland.

Canadian watchdog renews Cameco’s licence for nuclear fuel facility in Port Hope

Mining News Pro - Canada’s nuclear regulator said on Wednesday it has decided to renew Cameco Fuel Manufacturing’s licence for a nuclear fuel facility in Port Hope, Ontario for a 20-year period.

Iron ore price rises while China warns against speculation

Mining News Pro - The iron ore price rose on Wednesday as investors bet on surging demand for the steel ingredient as China’s economy reopens.

Chile rejects Andes Iron’s $2.5bn Dominga mining project

Mining News Pro - Chile’s committee of ministers denied permits for Andes Iron’s $2.5 billion Dominga copper and iron mining project, Environment Minister Maisa Rojas announced on Wednesday.

Mining’s top ten ‘S’ trends in ESG for 2023

Mining News Pro - To say 2022 was tumultuous is an understatement. War, inflation, climate disasters, market volatility: the past year was anything but business as usual for most. ESG, which had seemed firmly embedded in business, began to experience a backlash, facing criticism as a “woke capitalist” distraction. Yet, a recent Harvard study indicates 81% of institutional investors in the US and 83.6% in Europe plan to increase their ESG allocations over the next two years.

Fission announces economics for Patterson Lake South uranium

Mining News Pro - Fission Uranium has announced the results of a feasibility study conducted by Tetra Tech Canada for the Patterson Lake South property in the Athabasca Basin.

Wealth Minerals delivers first resource estimate for Ollagüe lithium project in Chile

Mining News Pro - Lithium developer Wealth Minerals (TSXV: WML) reached a significant milestone on Tuesday with the release of the first resource estimate for its Ollagüe project in Chile.

How abandoned mines can become clean energy storage systems

Mining News Pro - An international team of researchers has developed a novel way to store energy by transporting sand into abandoned underground mines. The new technique, called Underground Gravity Energy Storage (UGES), proposes an effective long-term energy storage solution while also making use of now-defunct mining sites.

‘Era of trust’ is over, says VRIC’s Jay Martin, as mining juniors head for Vancouver shores

Mining News Pro - There’s no denying the world is an entirely different place compared with a year ago, says Cambridge House International’s president and CEO, Jay Martin, as more than 300 mining juniors prepare to attend the Vancouver Resource Investment Conference (VRIC) on Jan. 29-30.

Iron ore’s sharp gains catch Beijing’s eye as traders summoned

Mining News Pro - China’s top economic planning body has summoned a group of iron ore traders and asked them to provide details of recent business, a sign that authorities want to head off fresh commodity inflation as the economy rebounds.

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