Gecamines plans overhaul of mining JVs in world’s top cobalt supplier

The Democratic Republic of Congo’s state miner is broadening a push to extract more from its copper and cobalt joint ventures, seeking to negotiate for higher stakes across the board to gain leverage in management of some of its biggest mines.

JSW Steel in talks with Whitehaven for coal mine stake

India’s JSW Steel Ltd is in talks with Australian miner Whitehaven Coal for a stake in its Blackwater metallurgical coal mine, a source aware of the discussions said on Tuesday.

Australian lithium stocks rally on speculation of China mine closure

Australian lithium stocks rallied on Monday on speculation that Chinese battery maker CATL had closed its Jianxiawo mine in China that produces the material used in electric vehicle batteries.

Polymetal to drop out of top 10 gold miners on Russia sale

Polymetal International Plc will no longer rank among the world’s top 10 gold miners by output after the sale of its Russian business, which was sanctioned by the US last year due to the invasion of Ukraine.

SolGold saves $1bn in Cascabel upfront cost with phased mine development

SolGold has managed to slash the upfront cost of the 100% owned Cascabel project in Ecuador while the company continues to explore the potential sale of its flagship copper-gold property. A new pre-feasibility study (PFS) released Friday showed a sizeable reduction in the initial capital cost, highlighted by over $1 billion in savings.

Australia lists nickel as ‘critical mineral’ to unlock billions in support

Australia classified nickel as a “critical mineral” on Friday, opening the way for the crisis-hit industry to access billions of dollars in cheap government loans, as its prime minister prepared wider policy support for the green energy industry.

Peru approves $2 billion Antamina copper mine expansion

Peru’s environmental watchdog has granted Antamina, the country’s largest copper-zinc mine, a long-awaited permit that allows it to kick off a $2 billion expansion to extend the operation’s productive life from 2028 to 2036.

First Quantum mine shutdown piles pressure on Panama’s rating, Fitch says

The shutdown of a major First Quantum mine in Panama has reinforced downward pressure on the country’s ‘BBB-‘ rating and its deficit forecast, Fitch Ratings said on Friday, warning of slower near-term growth prospects and government weaknesses.

Rusal to add Abramovich to lawsuit against Potanin over nickel miner pact

Aluminum giant Rusal obtained permission by a London court on Friday to add Russian billionaire Roman Abramovich and his firm Crispian Investments Ltd as defendants in the case against Vladimir Potanin, CEO of Nornickel.

Guinea talks carbon tax on mines as it seeks $4.3 billion loans

Guinea is planning to introduce a carbon tax on mining companies as it started talks with United Arab Emirates investors to raise $4.3 billion to fund development projects.

Mexican mining sector balks at plan to ban open-pit mines

Mexican President Andres Manuel Lopez Obrador’s proposal to ban open-pit mining will generate uncertainty and curtail investment for the key sector, mining industry representatives said this week.

Canadian graphite miner NMG scores deals with GM, Panasonic

Nouveau Monde Graphite inked on Thursday multi-year offtake agreements with General Motors and Panasonic Holdings, with both companies also vowing to invest in the Canadian miner to help it produce high-quality graphite in North America.

Canada to accelerate critical mineral mining

Canada plans to boost its energy security by slashing the time it takes to develop new critical mineral mines by nearly a decade with improved permitting processes, energy minister Jonathan Wilkinson told Reuters on Tuesday.

Nine gold miners missing in Turkey after landslide

Nine miners were still missing eight hours after a landslide at an Anagold Mining operation in eastern Turkey on Tuesday, the energy ministry said, with rescue efforts underway.

Gecamines offers to buy some of Khazakh miner ERG’s copper assets

Congo state miner Gecamines said it has made a firm proposal to buy some of Eurasian Resources Group’s copper and cobalt assets in the country in a bid to claw back projects owned by partners and build reserves in metals key to the green transition.

New leaders for Victorian mine rehabilitation

Victorian Energy and Resources Minister Lily D’Ambrosio has appointed a new chairperson and a deputy chairperson to the Mine Land Rehabilitation Authority (MLRA) board.

Bendigo mine rehabilitation works continue

Resources Victoria has provided an update on the rehabilitation of the Woodvale Evaporation Ponds Complex and the Kangaroo Flat site near Bendigo.

Lundin Mining reports fatality at Neves-Corvo mine in Portugal

Canadian miner Lundin Mining on Monday said an employee at its Neves-Corvo mine in Portugal died after a fall-of-ground incident while operating a piece of equipment underground.

Portuguese prosecutors seek to annul environment permit for Savannah lithium mine

Portuguese prosecutors have asked a judge to annul an environment permit for a lithium mining project being developed by London-based Savannah Resources, alleging various legal infringements, a court document seen by Reuters showed.

NextSource to reach full production at Molo graphite mine by July

NextSource Materials said on Monday it planned to achieve nameplate capacity of 17,000 tonnes of concentrate per annum at its Molo graphite mine in Madagascar by July.

Anglo CEO says he can run sprawling miner better than any activist

Anglo American Plc’s boss said he’s the best person to reshape the century-old miner — if needed — as slumping commodity prices pressure its sprawling operations and spark murmurs about activist intervention.

Australian gold miner Red 5 to acquire Silver Lake Resources

Australian gold miner Red 5 will takeover rival Silver Lake Resources to build a mid tier gold company valued at $1.5 billion, the two companies said in a joint statement on Monday.

Endeavour resumes work at Burkina Faso gold mine after strike ended

Work resumed at Endeavour Mining Plc’s second-biggest mine Thursday after management reached an agreement with workers to end strike after 11 days.

Boliden plans to cut output and jobs at Tara zinc mine

Swedish miner Boliden’s plans to shrink operations and reduce targeted output at its Tara zinc mine in Ireland when it restarts this year, a source close to the matter told Reuters.

Trafigura-backed nickel mine seeks new partner for bailout

A major nickel operation backed by Trafigura Group will need support from a new investor after the trading giant declined to contribute more funds as part of a French government rescue package for the struggling New Caledonian mining industry.

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