Lithium miners in China have resumed operations after a government investigation into the industry found no evidence of price fixing or other illegal activities. The investigation, which was launched in August, was prompted by complaints from some of China’s biggest lithium producers that the industry was being manipulated by a few large players. The Chinese…
Endeavour Mining Corporation, a West African gold producer, announced the discovery of a potential new flagship gold project in the country of Côte d’Ivoire. The company said that the project, located in the north-central region of the country, has the potential to be a major gold producer. The announcement follows the company’s recent success in…
Orla Mining has entered a definitive agreement to acquire the Musselwhite Gold Mine from Newmont for $810 million (C$1.14 billion) in upfront cash, with an additional $40 million contingent on future gold prices. This transformative acquisition is set to significantly enhance Orla’s gold production and free cash flow, marking a pivotal step in the company’s…
FMF26: Mining’s New Generation About to Hatch Global engineering and mining consultancy Hatch has been a familiar presence at the Future Minerals Forum (FMF) in Saudi Arabia for the past three years. But at FMF26 in Riyadh, the focus has shifted toward something bigger — the emergence of a new generation of mining professionals. Speaking…
Anglo Asian Mining PLC (AIM:AAZ) is back in the black after the company reported a pre-tax profit of $3.5 million for the six months ended 30 June 2017. The turnaround was driven by a doubling of copper production and a surge in gold sales. The London-listed company, which operates the Gedabek gold, copper and silver…
BHP Group announced on Thursday a reassessment of the value of its nickel operations following a significant price decline, potentially leading to write-downs amid oversupply in the electric vehicle battery metal market. As the world’s largest listed miner, BHP, which entered into a nickel supply deal with Tesla in 2021, is revisiting its business strategy…
Lithium Americas Corporation, a leading global lithium producer and developer, has announced its plans to restart its Cauchari-Olaroz lithium project in Argentina. The project is located in the Jujuy province of the country and is one of the world’s largest and highest-grade lithium brine deposits. The project was suspended in 2018 due to a lack…
Zimbabwe has accused the United States of lying about the use of forced labour in its diamond-mining industry. The US State Department recently released its annual Trafficking in Persons Report, which found that Zimbabwe was using forced labour in its diamond-mining sector. The report said that the country had failed to take adequate steps to…
Sibanye Stillwater Ltd. experienced a significant downturn last year, reporting a $2 billion loss due to an impairment charge against its US palladium mine. This marked a sharp contrast from the previous year when the miner posted a $1.1 billion profit. The company’s shares dropped as much as 7.4% in Johannesburg trading following the announcement….
Caterpillar Inc., one of the world’s leading manufacturers of construction and mining equipment, is increasingly looking to the energy transition to drive growth in its mining business. The company is expanding its offerings to include low-emission and zero-emission technologies, such as electric vehicles and renewable energy sources. Caterpillar has already committed to investing more into…
