Bellevue stock falls on discounted A$150m capital raise

The share price of Bellevue Gold sunk 22% on Friday, as the gold miner unveiled a discounted capital raise of A$150-million. The ASX-listed company received firm commitments for a fully... 

Eldorado maintains 2024 operational guidance

Canada-based Eldorado Gold has reaffirmed its 2024 production guidance of 505 000 oz to 555 000 oz of gold at an all-in sustaining cost of $1 190/oz to $1 290/oz. The company produced 239 439 oz... 

Graphite One advances US domestic supply chain strategy

Progress towards a domestic US supply chain for advanced graphite materials marched forward on Thursday with the announcement of a supply agreement between Graphite One and California-based... 

Fenix to build new WA iron-ore mine

ASX-listed Fenix Resources is set to build a new mine in Western Australia’s Mid-West with the announcement that it is proceeding with the Beebyn-W11 project. According to a new feasibility study,... 

Argent hikes Kempfield silver resource by 54%

Exploration and development company Argent Minerals on Wednesday announced substantial resource upgrade for the Kempfield silver deposit, in New South Wales. The mineral resource estimate for all... 

Rox outlines PFS for high-grade, midtier WA gold mine

The board of Rox Resources has given approval to progress the Youanmi project, in the Murchison region of Western Australia, to a definitive feasibility study, following a positive prefeasibility... 

Peak and Shenghe extend partnership to fund Tanzania REE mine

Australia’s Peak Rare Earths has signed a nonbinding term sheet with Chinese miner Shenghe to support the development and funding of the Ngualla rare earths element (REE) project in Tanzania. The... 

US miners applaud, urge action on mine permitting

National Mining Association (NMA) president and CEO Rich Nolan said on Monday that maintaining the status quo on mine permitting was no longer viable and urged immediate reform of the process. In... 

Higher, all-cash offer emerges for Sierra Rutile

ASX-listed Sierra Rutile on Monday announced a new offer for the company – the third in the last four months – with major shareholder Lenoil throwing its hat in the ring. Lenoil, which has an... 

Spartan awards Barminco A$18m Dalgaranga contract

Mining services company Perenti on Monday announced that its Barminco subsidiary had been awarded a new development contract with ASX-listed Spartan Resources and extensions to four existing... 

South32 to contest EPA's Worsley conditions, flags $554 impairment

Diversified mining company South32 plans to contest the Western Australia Environmental Protection Authority’s (EPA’s) recommendations for its Worsley development project, arguing that the proposed... 

Avira earns majority stake in Swedish project

ASX-listed Avira Resources has completed the Stage 2 earn-in requirements for the prospective Puolalaki nickel/copper/cobalt project, in Sweden. “We are thrilled to have completed the Stage 2... 

Metalicity puts Admiral Bay up for sale

ASX-listed Metalicity has appointed stockbroker Argonaut PCF to seek indicative offers for its Admiral Bay zinc project in the Kimberley region of Western Australia. The company points out that... 

Kingrose says exploration under BHP alliance in full swing

Exploration activities under Kingrose Mining’s alliance agreements with BHP in Norway and Finland are in full swing, says Kingrose MD Fabian Baker. These programmes have been designed with the... 

Whitehaven sees higher near-term coal prices

Australian coal miner Whitehaven is forecasting higher metallurgical coal prices over the near and long term, citing production constraints of hard-coking coal from Australian producers, combined... 

Anglo cuts steelmaking coal outlook after Australian mine fire

Diversified major Anglo American has revised its coal production guidance for year to account for the impact of a recent fire at the Grosvenor underground mine, in Australia. Due to the incident,... 

AngloGold and new European investor back G2’s capital raise

Gold mining major AngloGold Ashanti and a new European investor have thrown their weight behind Canadian junior G2 Goldfields’ latest capital raise for its Oko project, in Guyana. The TSX-V-listed... 

Fortescue axes 700 roles in global overhaul, appoints CFO

Prominent Australian mining and energy group Fortescue on Wednesday announced the simplification of its organisational structure, the appointment of a new CFO and COO, as well as 700 redundancies... 

Assore invests C$68m in Marimaca Copper

Assore International Holdings (AIH), a subsidiary of South Africa’s Assore Group , has made a C$68-million investment in Toronto-listed Marimaca Copper that owns the Marimaca project in Chile’s... 

C$195m BC highway upgrade to benefit minerals-rich Golden Triangle

The mineral-rich Golden Triangle of British Columbia received a boost on Monday, with the announcement of a C$195-million highway infrastructure upgrade that will support the development of mining... 

Foran approves C$600m Saskatchewan copper mine build

The board of Canada-based Foran Mining has made a formal decision to proceed with the C$604-million construction of the underground McIlvenna Bay copper and zinc mine, in Saskatchewan. The board... 

Rio Tinto ‘growing with discipline’, says CEO

Australia-headquartered mining major Rio Tinto is continuing to grow in the materials the world needs for the energy transition and is doing so “with discipline”, CEO Jakob Stausholm said on... 

Rio Tinto's Guinea iron-ore mine and infrastructure project clears all regulatory hurdles

The major Simandou iron-ore mine and infrastructure project, in Guinea, has cleared all regulatory hurdles, marking the path forward for $11.6-billion integrated development. The project, hailed... 

Paladin-Fission deal receives Canadian Competition Act clearance

The acquisition of Toronto-listed Fission Uranium by Sydney-listed Paladin Energy has received Canadian Competition Act clearance, satisfying an important condition for the completion of the... 

Dismissal of ‘bad actor’ lawsuit clears path for Hecla’s Montana project

NYSE-listed Hecla Mining has announced the dismissal of a ‘bad actor’ lawsuit that has been impacting its Libby Exploration project, in Montana. The lawsuit, filed by environmental groups and... 

Second proxy firm recommends Karora-Westgold deal

The merger between Westgold and Karora Resources has gained the backing of a second major proxy advisory firm, with Glass Lewis also recommending that that shareholders approve the transaction.... 

Bloom Lake halts operations amid nearby forest fires

Iron-ore miner Champion Iron has halted operational activities at the Bloom Lake mine in response to forest fires north of its operations. The company said on Saturday that the forest fires were... 

SolGold secures $750m gold stream funding for Cascabel

Exploration and development company SolGold has finalised a substantial funding package totalling $750-million for its Cascabel project, in Ecuador. The funding marks a milestone for advancing the... 

Galan slows construction pace at Argentina lithium brines project

ASX-listed Galan Lithium has opted to recalibrate its construction schedule for the Hombre Muerto West (HMW) Phase 1 project, in Argentina, citing cash preservation amid current market conditions.... 

Teck bids farewell to coal, sets sights on copper

Canadian mining giant Teck Resources has successfully concluded its exit from coal with the conclusion on Thursday of the sale of its remaining 77% stake in its Elk Valley Resources (EVR)... 

Queensland Pacific and Renascor awarded critical minerals grants

The Australian government has allocated A$13-million in grants to critical minerals projects in Queensland and South Australia, aimed at enhancing downstream processing capabilities and bolstering... 

CreditSights views BHP nickel suspension as positive in depressed market

Analysts at CreditSights have identified BHP's decision to suspend its Western Australian Nickel operations, including Nickel West and the West Musgrave project starting in October, as a beneficial... 

Supply concerns for Lynas as BHP Nickel West operations halt

Rare earths producer Lynas is addressing potential supply disruptions at its Kalgoorlie facility following BHP’s decision to suspend operations at its Western Australia nickel facilities starting... 

Cantango expands Alaska portfolio with HighGold acquisition

US-based Cantango has solidified its footprint in Alaska with the recent acquisition of TSX-V-listed HighGold Mining. This move adds a third high-quality Alaska deposit to Cantango’s portfolio,... 

Metallica recommends Diatreme offer

Emerging silica sands developer Diatreme Resources has welcomed the decision by an independent board committee (IBC) of Metallica Minerals to recommend that shareholders accept Diatreme’s takeover... 

Global oversupply forces BHP to suspend Australia nickel production

Commodities major BHP on Thursday announced the suspension of production at its Western Australian nickel operations, citing a global oversupply in the nickel market. The decision follows a review... 

Warrawoona gold mine enters care and maintenance

KordaMentha, acting as receivers and managers for Calidus Resources, has announced plans to place the Warrawoona gold mine, near Marble Bar in Western Australia, on care and maintenance over the... 

Pieces of Lake Hope HPA jigsaw puzzle falling into place

ASX-listed Impact Minerals is making significant strides with the prefeasibility study (PFS) for the Lake Hope high-purity alumina (HPA) project, in Western Australia, and remains on track to... 

Burgundy sees extension potential at Ekati's Misery underground mine

ASX-listed Burgundy Diamond Mines is intensifying its efforts to extend the operational lifespan of its Misery underground mine, located in Canada. The initiative is part of Burgundy’s broader... 

Cabinda working to satisfy IDC funding conditions

Australia-listed Minbos Resources is making significant strides in securing funding for its Cabinda phosphate project, in Angola. Central to these efforts is a $14-million loan facility from South...