Coal use seen peaking next year as India, China determine future

Mining News Pro - Global coal consumption will likely peak by next year as economics and climate strategies shift the world toward cleaner energy, but several wild cards could determine how long the dirtiest fossil fuel persists, according to BloombergNEF.

Denarius resource supports restart of 230-year-old Colombian gold mine

Mining News Pro - Denarius Metals’ (TSXV: DSLV) first resource estimate for its Zancudo project to revive an 18th century gold mine in Colombia confirms its high-grade potential.

Musk tamps down speculation that Tesla will mine lithium

Mining News Pro - Tesla Inc. is more focused on refining lithium than on mining the battery metal, chief executive officer Elon Musk said amid speculation the automaker is mulling the takeover of a miner.

China lithium miners restart after government investigation

Mining News Pro - Some mines in one of China’s major lithium-production hubs have been allowed to restart amid a government investigation that halted activity last week, according to a report in local media outlet Cailian.

Armenia approves restart of Amulsar gold mine

Mining News Pro - The government of Armenia has inked a $250 million deal with Lydian Armenia, the company that owns the license to operate the vast Amulsar gold mine, effectively allowing the resumption of operations.

Australia blocks Chinese investor from raising stake in rare earths miner

Mining News Pro - Australian rare earths producer Northern Minerals said on Tuesday that the federal government had prevented its largest shareholder, China’s Yuxiao Fund, from raising its stake in the company on grounds of national interest.

Rio Tinto to spend $40m on Diavik diamond mine expansion

Mining News Pro - Rio Tinto is going ahead with a $40 million expansion of its iconic Diavik diamond mine in the Northwest Territories of Canada, which will extend the operation’s life to at least early 2026.

Anglo American takes $1.7bn writedown on British fertilizer mine

Mining News Pro - Anglo American said Thursday it would take a $1.7 billion charge due higher costs and delays at its Woodsmith fertilizer project, which is being built beneath the North Yorks Moors national park in England.

Death toll rises after coal mine collapses in northern China

Mining News Pro - The collapse of a coal mine in northern China has claimed four lives with 49 people still missing, state broadcaster CCTV reported Thursday.

Only rare earths miner in US to bypass China in supply deal with Sumitomo

Mining News Pro - US rare earths producer MP Materials (NYSE: MP) has inked a deal with Sumitomo Corp. to supply the Japanese giant with some key elements, such as neodymium and praseodymium, helping the trading house bypass China in EV rare-earth supply chains.

Anglo American takes $1.7bn writedown on British fertilizer mine

Mining News Pro - Anglo American said Thursday it would take a $1.7 billion charge due higher costs and delays at its Woodsmith fertilizer project, which is being built beneath the North Yorks Moors national park in England.

Peru protests jolt mine activity with Las Bambas, Antapaccay hit hardest

Mining News Pro - Peru’s top copper mines are starting to see activity hit harder by protests and blockades in the country’s southern Andes, power data reviewed by Reuters shows, with Chinese-owned Las Bambas and Glencore PLC’s Antapaccay currently worst affected.

Glencore to sell 23% stake in Peruvian miner Volcan

Mining News Pro - Miner and commodities trader Glencore (LON: GLEN) has kicked off a sale process for its 23% stake in Peruvian zinc and silver miner Volcan.

Barrick eyes Nevada Gold Mines as Newmont ramps up deal pressure

Mining News Pro - Canada’s Barrick Gold Corp would be open to taking over Newmont’s stake in its Nevada Gold Mines joint venture, CEO Mark Bristow said on Wednesday, after Newmont’s $16.9 billion bid for Newcrest ramped up pressure on gold miners to do deals.

US seeks critical mineral pacts with Japan, UK to curb China

Mining News Pro - The US government is exploring narrowly focused trade pacts on critical minerals with Japan and the UK, in addition to talks with the European Union, the latest salvo in its push to counter Chinese influence in key sectors, officials familiar with the matter said.

Gecamines seeks to diversify into ‘transition’ minerals

Mining News Pro - Congo’s state mining company Gecamines plans to explore for minerals needed for the transition to a lower carbon economy, including lithium, tin, and rare earths, chairman Alphonse Kaputo Kalubi said on Tuesday.

Brazil okays BHP’s $6.6 billion acquisition of OZ Minerals

Mining News Pro - Brazilian regulators have cleared BHP’s intended acquisition of Australian copper-gold producer OZ Minerals for A$9.6 billion ($6.6bn), bringing the world’s no.1 miner closer to securing its biggest deal in more than a decade.

Centerra says Öksüt mine continuing as normal after Turkey-Syria earthquake

Mining News Pro - Centerra Gold says its Öksüt mine located in central Türkiye is continuing to operate normally after two powerful earthquakes occurred approximately 180 km from the mine site Monday morning.

Mammoth gold miner in the making after Newmont’s $17bn bid for Newcrest

Mining News Pro - Newmont Mining, the world’s largest gold producer, is seeking to build a global gold superpower by approaching Australia’s no.1 miner of the yellow metal, Newcrest Mining (ASX, TSX: NCM), with a $17 billion takeover offer.

MMG shuts Las Bambas copper mine due to protests

Mining News Pro - China-backed miner MMG Ltd has placed its vast Las Bambas copper mine in Peru, the world’s second largest producing nation of the metal, on care and maintenance due to ongoing community unrest triggered by the destitution of President Pedro Castillo late last year.

Receiver named for assets of Trevali’s Caribou zinc mine in New Brunswick

Mining News Pro - Last summer, Trevali Mining applied for relief under the Companies’ Creditors Arrangement Act (CCAA) and was granted the initial order in August. The next month it delisted its shares from the Toronto Stock Exchange. And this week, a receiver was appointed for the company’s assets at its Caribou lead-zinc-silver mine in New Brunswick.

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.

EU urges European banks to step up funding for critical minerals

Mining News Pro - European Commissioner Thierry Breton urged European financiers this week to provide more funding to suppliers of minerals needed for the energy transition, as the European Union prepares its Green Deal industrial plan.

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