Today's Mining Pulse
Updated 3h ago
Australian court orders Gina Rinehart to pay $200M in royalties
Australia’s Supreme Court ordered mining magnate Gina Rinehart to pay roughly US$200 million in royalties to the heirs of Peter Wright. The ruling lets Hancock Prospecting keep its Hope Downs and East Angelas iron‑ore tenements, and the payout represents a modest dent in Rinehart’s estimated US$25 billion fortune.
Also developing:
By the numbers: Virtus acquires DRC miner Chemaf for $30M
Radify’s Plasma Reactors Target China’s Rare‑Earth Stronghold with $3M Funding
Radify Metals has closed a funding round of just under $3 million to scale its plasma‑reactor technology that can turn metal oxides into pure rare‑earth metals. The startup says its compact reactors could produce several kilograms of dysprosium and neodymium per day by year‑end and a 100‑kg‑per‑day pilot later, offering a cleaner, more flexible alternative to China’s dominant supply chain.
Australian Dollar Hits 3‑Year High Near $0.72 as RBA Tightens and Commodities Surge
The Australian dollar surged to its strongest level since 2023, trading around 0.7065‑0.7080 USD and up more than 10% year‑over‑year. The rally is driven by the Reserve Bank of Australia's aggressive rate hikes to 4.10% and a robust commodity export...
Ascend Elements Files for Chapter 11 After Raising $1.1 Billion
Battery recycling startup Ascend Elements announced a voluntary Chapter 11 filing Thursday, ending a decade‑long effort that attracted more than $1.1 bn in equity and government grants. The move highlights the capital intensity of circular‑economy ventures and raises questions about the...
Australian Miner Proves Renewables Boost Profit and Planet
No "net zero" fluff: Giant Australian mining group proving that Real Zero is better for planet and profits >24-hour renewables operations by 2027 >100% fossil-fuel-free mining by 2030 >1.2GW solar + 600MW wind + 5GWh BESS >Electrified rail & 800+ haul trucks >$100m saved/ year If...
Nigeria: When There Is No Playbook - Building Community Relations in Nigeria's First Legal Large-Scale Gold Mine
Segilola Resources Operating Limited launched Nigeria’s first legally recognised large‑scale gold mine in Osun State and had to invent a community‑relations framework from scratch. The company openly acknowledged the oil‑and‑gas legacy of mistrust, integrated traditional Yoruba rulers into operational decisions,...
Barry FitzGerald: Gold Streaming Giant Wheaton Confirms True Value in Garimpeiro Copper Pick KGL
Australian junior miner KGL Resources secured a $300 million streaming agreement with Canada’s Wheaton, the world’s largest precious‑metals streaming firm, to monetize future gold and silver from its undeveloped Jervois copper‑silver‑gold project. The deal effectively values KGL at about $204 million, a...
Why Zimbabwe Earns $400 Less Per Tonne of Lithium Than Australia — and the Bold Plan to Fix It
Zimbabwe’s lithium sector is losing $300‑$400 per tonne to Australian rivals because of under‑declared grades, undervalued shipments and transfer‑pricing that divert profits abroad. In February 2026 the Mines Minister imposed an outright ban on raw lithium concentrate exports, demanding verification...
Brazil to Attract $21.3 Bn in Critical Minerals by 2030
Brazil critical minerals investment is projected to reach $21.3bn by 2030, led by copper, nickel, and rare earths. https://www.metalnomist.com/2026/04/brazil-critical-minerals-investment.html
Shell Targets 2027 Gas Start-Up at Loran-Manatee Field
Shell announced that it will start natural gas production from the offshore Loran‑Manatee field in 2027, a joint development straddling Venezuela and Trinidad and Tobago. The company has boosted the pipeline capacity to transport the gas to Trinidad to 1 billion...
ConocoPhillips Assessing Oil Opportunities in Venezuela
ConocoPhillips is sending a small evaluation team to Venezuela this week to assess oil and gas prospects. The U.S. producer, which left the country in 2007 after nationalization, is still owed roughly $12 billion plus interest from arbitration awards. The move...
Hecla Mining: Undersupplied Silver Market To Drive Growth
Hecla Mining Company (HL) received a Buy rating as analysts anticipate a sustained silver deficit through 2026, which should lift prices. The firm projects 15.1‑16.5 million ounces of silver output next year, driven by low‑cost North American mines that generate strong...
Resources Top 5: Fresh News Keeps These Small-Cap Ressies Growing
The latest Resources Top 5 roundup spotlights five Australian‑listed junior miners that have each delivered a concrete development catalyst. Arika Resources is scaling its 2026 drill program with assays pending from Yundamindra and Kookynie. Latitude 66 secured tenure and permits for its...
Commodities: Oil Supported By Ongoing Supply Risks
Oil prices rose for a second consecutive session as fresh supply‑risk concerns in the Middle East kept Brent near $96 per barrel. Attacks on Saudi and Kuwaiti infrastructure have tightened the market, preserving a geopolitical risk premium despite cease‑fire talks....
Petronas Tasks Petra Energy with Work on Malaysian Gas Project
Petronas Carigali has awarded Petra Resources Sdn. Bhd., a subsidiary of Petra Energy, four work orders for hook‑up and commissioning (HUC) services on the Bintulu Integrated Facilities (BIF) rejuvenation Phase 2. The orders, dated Dec 1 2025 and Jan 2026, total RM 298 million (about $75 million)....
Splash Wrap: Fragile Hormuz Ceasefire Fails to Lift Traffic
A tentative U.S.-Iran cease‑fire has not restored traffic through the Strait of Hormuz, leaving vessel movements at a near‑standstill. Meanwhile, Exmar is set to receive the world’s first ammonia‑powered gas carriers, a 46,000 cu m pair built by Hyundai Heavy Industries. Panama...
Aurum Clears 4M Ounces After West African Gold Resource Surge
Aurum Resources announced a 34% increase in its Napié gold resource, adding a first indicated resource of 0.35 million ounces and bringing the Napié total to 1.16 million ounces. Combined with the 3.03 million ounces at the flagship Boundiali project, Aurum’s group resource...
Epiroc Wins Large Order From Mopani Copper Mines in Zambia
Swedish equipment maker Epiroc AB landed a roughly $20 million contract with Zambia’s Mopani Copper Mines to supply a fleet of Minetruck haulers and Scooptram loaders for its Nkana and Mufulira underground operations. The order, booked in Q1 2026, includes MT436 and...
China's Sulphuric Acid Export Ban Boosts Copper Prices
Chinese authorities have announced that China will not be allowed to export sulphuric acid from next month, with the only exception being electronic‑grade sulphuric acid. This means that neither smelter acid nor sulphur‑based acid can be exported will be able...
Middle East Producers Gear Up for Hormuz Export Restart
Middle East oil producers are urging Asian refiners to submit loading programmes for April and May as they prepare for a possible reopening of the Strait of Hormuz following a U.S.-Iran cease‑fire. Saudi Aramco has asked customers to nominate cargoes...
Middle East Producers Gear Up for Hormuz Export Restart
Middle Eastern producers are urging Asian refiners to submit crude loading programmes for April and May as they prepare for a potential reopening of the Strait of Hormuz. A two‑week U.S.-Iran ceasefire raised hopes of resuming shipments, but Tehran has...
Alligator Poised for Success at Samphire with Plus-55pc Uranium Recovery
Alligator Energy’s Samphire in‑situ recovery (ISR) trial in South Australia has achieved uranium recoveries above 55% after processing 39 of the planned 60 pore volumes. The returned solution consistently exceeds 200 mg/L U3O8 early on and stays above 100 mg/L, indicating ongoing...
Thenamaris Moves Into Ammonia Shipping Segment
Greek shipowner Thenamaris has placed an order for two 90,000 cu m very large ammonia carriers (VLACs) with China’s Jiangnan Shipyard, with deliveries expected in 2029. The vessels will use low‑resistance hulls optimized for old Panamax dimensions and LPG dual‑fuel engines, targeting...
Kaiser Builds $45.6M War Chest on Steady Vic,Tassie Gold Output
Kaiser Reef closed its March quarter with a cash balance of A$45.6 million (about $30 million USD) and total gold output of 5,534 ounces. Production was driven by the Henty mine in Tasmania, which delivered 5,188 ounces of gold and 4,810 ounces of silver, while...
G Mining Ventures Acquires G2 Goldfields for C$3 Billion
G Mining Ventures announced a C$3 billion (≈US$2.2 billion) acquisition of G2 Goldfields, a move that instantly lifted G2’s shares by 79%. The deal, structured as an all‑cash transaction, gives G Mining control of G2’s flagship gold assets, including the high‑grade Red...
The Commodities Feed: Oil Supported by Ongoing Supply Risks
Oil prices extended gains for a second day as Saudi Arabia’s crude‑export capacity fell roughly 600,000 barrels per day after attacks on its energy infrastructure and a strike on the East‑West pipeline cut another 700,000 barrels. Brent hovered around $96...
Serra Verde Secures $565M US‑Backed Funding for Brazil Rare‑Earth Expansion
Serra Verde secured $565mn in US-backed finance to expand Brazil’s rare earth production and strengthen diversified supply. https://www.metalnomist.com/2026/04/serra-verde-rare-earth-financing.html
Government Suspends Mining Operations at Bindura’s Botha Mine
The Zimbabwe Ministry of Mines has ordered an immediate suspension of all operations at Botha Mine and the adjacent area of Freda Rebecca Gold Mine’s Lease 21 in Bindura. The shutdown, issued under Sections 267, 300 and 301 of the 1990 Mining (Management and...
Zenith Pushes Queensland Gold System Beyond 700m Depth
Zenith Minerals announced that deep diamond drilling at its Red Mountain gold project in Queensland has extended mineralisation beyond 700 m vertical depth, with the deepest hole reaching 758 m. The two latest holes delivered a combined 500 m of intercepts averaging 0.28 g/t...
What Is 1 of the Best Industrial Stocks to Own for the Next 10 Years?
Cameco (CCJ) produced 164 million pounds of uranium in 2025, representing 15% of global output, and posted $3.48 billion in revenue with earnings per share jumping 237% to $1.35. The firm benefits from a low‑debt balance sheet, a 16.9% net profit margin...
Jobs for the Dutts: Former Opposition Leader Gets Queensland Investment Corporation Board Role
Former opposition leader Peter Dutton and ex‑minister Michael Choi have been appointed to the board of Queensland Investment Corporation (QIC). The LNP government says the moves will sharpen focus on critical minerals and defence sector investments. QIC, with about AU$127 billion...
Donald Trump Guts Public Health Protection to Bolster Big Coal
The Trump administration announced a proposal to dismantle federal coal‑ash pollution standards that the EPA first established in 2014 and strengthened in 2024. The rollback would remove limits on mercury, cadmium, chromium and arsenic leaching from ash ponds, exposing communities...
Black Rock Paves Path to Rapid Construction at Green Graphite Trove
Black Rock Mining is nearing completion of its early‑works program at the Mahenge graphite project in Tanzania, despite an unusually wet season that delayed earthworks. The company has finished access‑road upgrades, plant‑site earthworks and a corridor survey for a 220kV...
Monsters of Rock: Can EVs Keep the Weekend Alive?
Australian EV sales surged to a record 14.6% of new car registrations in March, driven by fuel price spikes of about AU$2.53‑3.13 per litre (≈US$1.67‑2.07). The Federal Chamber of Automotive Industries reported 15,839 battery‑electric vehicles sold, raising questions about reaching...
Tivan Hits High-Grade Copper and Gold at Baucau and Ossu Projects in Timor-Leste
Tivan (ASX:TVN) announced high‑grade copper, gold and cobalt from surface rock‑chip sampling at its Ossu and Baucau projects in Timor‑Leste. Ossu yielded up to 17.4% copper, 38.1 g/t gold and 0.45% cobalt, while Baucau returned up to 0.76% copper and 9.3 g/t...
Australia’s Bellevue Gold Achieves 90% Renewable Energy at Off-Grid Mine in March
Bellevue Gold announced that its off‑grid mine ran on 90% renewable energy in March, cutting diesel to just 1.3% of total project costs. The hybrid power plant—27 MW solar, 24 MW wind and a 15 MW/30 MWh battery—enabled the company to claim net‑zero Scope 1‑2...
Fortescue Steps up Its War on Diesel
Fortescue Metals Group announced an accelerated rollout of a fully integrated green energy grid to power its Pilbara mining assets, aiming to eliminate diesel use. The initiative, part of its Real Zero carbon‑neutral strategy, will combine solar, wind, battery storage...
Invictus Energy Finalises Key EIA Renewal Paving Way for Musuma-1 and Mukuyu Programs
Invictus Energy (ASX:IVZ) secured a renewal of its Environmental Impact Assessment for the Cabora Bassa project through March 2027, clearing a key permitting hurdle. The company also expects to sign a Petroleum Production Sharing Agreement in April, creating a transparent fiscal framework...
SLB OneSubsea Lands Gulf of Mexico Subsea Boosting Deal
SLB OneSubsea, a joint venture of SLB, Aker Solutions and Subsea7, secured a contract from Beacon Offshore to supply a high‑pressure, high‑temperature (HPHT) multiphase boosting system for the Shenandoah field in the Gulf of Mexico. The system is engineered to...
Klip's Pre-Deal Share Sale Raises Placement Closure Doubts
“Months of negotiations…” Mr Klip sold shares on market less than a week before signing the deal for TNR Gold $TNR.V and Altius $ALS.TO Look, we can laugh about the buyback talk, anticipating first royalty revenue in weeks, etc when you are...
2026 Company Reports File
Daily Gold released a premium report on April 9, 2026, linking to two key stories. The first examines a healthy correction in gold prices, arguing the bull market may still be in its early stages. The second details G Mining...
Alkane Boosts Cash on Back of Strong Tomingley Performance
Alkane Resources posted a robust March 2026 quarter, producing 45,776 oz gold‑equivalent and lifting cash and bullion by roughly $86 million USD to end the period with about $239 million USD. The Tomingley mine contributed 21,652 oz Au, accounting for nearly half of total output,...
Benz Expands Hurricane Camp with New High-Grade Gold Corridor
Benz Mining announced that maiden drilling at its Western Australian Hurricane Camp has identified a new high‑grade gold corridor extending roughly 1 km. The drill program returned several notable intercepts, including 11 m at 6.4 g/t Au and 2 m at 19.1 g/t Au, confirming...
Resolution Minerals Models Large Antimony-Silver Vein System Across Antimony Ridge
Resolution Minerals used three‑dimensional modelling to delineate more than 100 high‑grade antimony‑silver veins across 30 vein swarms within a 1,000 m × 700 m corridor at Antimony Ridge, Idaho. The veins reach up to 100 m strike length and 1 m true thickness, averaging 39% antimony,...
Venezuelan Lawmakers Approve Sweeping Mining Bill to Entice Wary Foreign Investors
Venezuelan lawmakers approved a comprehensive mining reform bill aimed at attracting foreign investors to a sector long plagued by criminal exploitation and state seizures. The legislation categorizes mining operations into small, medium and large scales, introduces independent arbitration, and bans...
Deep-Sea Mining Rules Stall Despite Mounting Urgency
Commercial deep‑sea mining is poised to begin, but the International Seabed Authority (ISA) still lacks a finalized mining code to govern extraction. ISA Secretary‑General Leticia Carvalho urged completion of the rules by year‑end, yet the March meeting ended without a...
Peak Oil Makes Conflict Over Cheap Fuel Inevitable
It is not good to have your cities built around a substance that is dependent on the Middle East not having wars Global oil has peaked. Now all we can do is fight over less and less available cheap oil, and...
Renewables Shift, Not Eliminate, Energy Risk
Renewables don’t solve oil shocks, says @JasonBordoff They rewire the dependencies. Less oil means more minerals—and supply chains that run through China. And the economy's heavy lifting—mining & global transport—runs on fossil fuels not electricity You don't escape energy risk
Standard Chartered: Oil Price Correction Is Likely Overdone
Standard Chartered warns that the recent oil‑price correction may be too deep, noting Brent crude at $95.57/bbl and WTI at $96.99/bbl after the steepest drop since the Iran war began. The bank’s Q2 forecast still targets Brent around $98 and...
LNG Rerouted to Brazil as Highest Bidder Wins
LNG is going to the highest bidder. This carrier is diverted form Europe to Brazil Map form @Kpler
Saudi Arabia Holds 31 Million Barrels on Western Coast
As of today, Saudi Arabia has 31 mb of crude in storage on its Western cost. (Kpler data)
