Know What's Happening in Mining
Know What's Happening in Mining
Lindian Resources raises $100M for Malawi rare‑earth project
Australian ASX‑listed Lindian Resources secured $100 million to fund the first stage of its Kangankunde Rare Earths Project in Malawi. The high‑grade deposit, rich in dysprosium and terbium, will be developed debt‑free, avoiding a previously planned $32 million loan and positioning Malawi alongside the DRC and South Africa as a rare‑earth hub.
Indonesia is seeing a surge in coal and crude palm oil (CPO) prices as the US‑Israeli war on Iran pushes oil to about $100 a barrel, prompting countries to seek cheaper coal and bio‑fuel alternatives. Newcastle coal futures have climbed 16% to $135 per tonne and CPO to roughly $1,500 per tonne, creating a potential windfall for the state budget. However, the government’s decision to cut production quotas and rising logistics costs are eroding those gains, while the Philippines signals intent to increase coal imports without caps.
Vault Minerals announced that its Stage 1 upgrade at the King of the Hills gold mine in Western Australia is on schedule and within budget. The new primary crusher and conveyor will begin processing ore on 31 March 2026, boosting annual throughput to...
NORD Drivesystems introduced its MAXXDRIVE industrial gear unit series, capable of delivering up to 2,495,900 lb‑in of torque for heavy‑duty mining equipment such as crushers, mills, and conveyors. The units feature a one‑piece UNICASE housing that resists dust, temperature swings, and...
If you're running Indonesia or Nepal and BYD is offering you 100,000 EVs, you're going to buy 100,000 EVs. The critical minerals concentration argument is real. But solar panels today use one-tenth the silver they did ten years ago. The EV...
Cairn Oil & Gas, the Vedanta‑controlled unit, aims to quadruple its daily output to roughly one million barrels per day over the next decade. To achieve this, the company plans to spend up to $5 billion on U.S. oilfield contractors who...
Researchers at Princeton unveiled two low‑impact lithium extraction techniques that could dramatically accelerate supply growth. The porous‑string method uses capillary‑wicking cotton fibers to concentrate lithium chloride up to 6% in a process up to twenty times faster than conventional evaporation,...
Asian ocean carriers are currently managing bunker fuel supplies, but tightening inventories signal a looming shortage if the Strait of Hormuz remains blocked. Global fuel suppliers warn that prolonged closure could trigger worldwide deficits. To cushion the impact, operators are...
CHART OF THE DAY: The idea was that Brent/WTI was going to catch up higher towards where Oman/Dubai crude was trading (>$150 a barrel) Instead, we are witnessing Oman/Dubai crude plunging >$45 a barrel in a single day to ~$110 a...
Italian Prime Minister Giorgia Meloni announced plans to deepen energy cooperation with Algeria during a visit to Algiers, aiming to increase LNG supplies to Italy. The move comes as Italy grapples with prolonged disruptions in Qatar LNG deliveries, which previously...
MP Materials said it will invest $1.25 billion to develop a rare‑earth magnet manufacturing campus in the United States, a move intended to strengthen domestic supply chains and reduce dependence on Chinese imports.
Fastmarkets has opened a public consultation, running until April 27 2026, to review the methodology behind three of its manganese ore price indices – a high‑grade CIF Tianjin benchmark and two 36.5% Mn semi‑carbonate indices (CIF Tianjin and FOB Port Elizabeth). The review...
Ukraine launched a massive drone strike on Russia’s Ust‑Luga Baltic port, igniting storage tanks at Novatek’s oil‑product facilities and forcing a halt to crude loadings of roughly 450,000 barrels per day. Russian defenses intercepted 389 drones, the highest number recorded...
Teck Resources has postponed the construction decision for its Zafranal copper project in Arequipa, Peru, a venture valued at roughly US$1.9 billion. The company is instead directing capital toward expanding its existing Quebrada Blanca mine in Chile. The deferment underscores ongoing...
Baker Hughes has been awarded a contract to provide gas compression and power generation equipment for ST LNG’s proposed 8.4 million‑tonne‑per‑annum offshore export terminal off Matagorda, Texas. The deal includes two LM6000PF turbine‑driven centrifugal compressor trains and three NovaLT16 turbine generator...
Constellation Oil Services posted adjusted EBITDA of $233 million for 2025, beating its guidance by 37%, driven by high fleet utilization and stronger contract economics. Net revenue rose 6% to $597 million, while the EBITDA margin held at 39%. The firm ended...
Precipitate Gold Corp. has begun a diamond‑drilling campaign at the Pueblo Grande Norte zone in the Dominican Republic. The program consists of four holes averaging about 450 metres each, for a total of roughly 2,000 metres, aimed at a newly identified cluster...
The Iran‑Israel war has shut the Strait of Hormuz, driving up Asian LNG prices and prompting Beijing to reconsider its heavy reliance on maritime energy imports. Analysts say the disruption revives interest in the stalled Power of Siberia‑2 pipeline, a...
The Middle East war has generated at least $25 billion in repair and restoration costs for Gulf oil and gas infrastructure, according to Rystad Energy. Damage to Qatar’s Ras Laffan LNG complex has cut output by 17%, equivalent to 12.8 million tonnes per...
American Tungsten Corp. announced initial assay results from its second underground drill station on the D‑Level of the historic IMA Mine in Idaho. Intercepts across three holes returned 0.33‑0.80% WO3 and 1.0‑1.9 oz/ton silver, confirming the vein system’s continuity up‑dip...
Harmony Gold is seeking mediation to break an 18‑year impasse over its Wafi‑Golpu gold‑copper project in Papua New Guinea. A 2023 MOU with Newmont set the stage for a special mining lease, but the lease remains stalled, pushing first production...
On this day, March 25, 1980 the Hunt brothers received a massive margin call that helped trigger one of the biggest commodity crashes in history. Texas billionaires Nelson Bunker Hunt and William Herbert Hunt had cornered nearly one third of the...
Hexagon announced that its latest Vehicle Intervention System (VIS) became the first open-pit Level 9 solution to pass the University of Pretoria’s TRL‑4 Collision Prevention System test. Level 9 represents full automatic intervention, where the system can slow or stop equipment if...
Indonesia stands at a crossroads as the United States and European allies push to onshore critical‑mineral supply chains, challenging China’s dominance in the archipelago’s mining sector. The recently signed US‑Indonesia Agreement on Reciprocal Trade (ART) could deepen Western ties, but...
The article traces how Western powers have long portrayed Iran’s oil as a coveted prize, beginning with the 1908 discovery that birthed the Anglo‑Persian Oil Company, later BP. It shows how BP’s interwar advertising turned Iran into an exotic backdrop...
Toogood Gold Corp announced Phase 2 results that confirmed a 76.89 g/t gold intercept and an 8.5‑km high‑grade shoreline trend, alongside new kilometre‑scale corridors in the NE Block. Over 650 rock and soil samples refined the geological model and identified multiple high‑priority...
$5 Corn May Mark a 2026 Peak Alongside $120 Crude - The December corn future (Dec26) stretch to $4.99 a bushel around the onset of the Iran war on March 9 may have peak inklings akin to Dec22's $7.66 apex...
Selkirk Copper Mines announced fresh drill results from four zones at the Minto copper‑gold‑silver mine, expanding both underground and near‑surface mineralization as its 50,000‑meter Phase 1 program nears completion. Assays revealed high‑grade copper intervals, including 2.45% Cu over 5.8 m at Minto...
BHP’s Australian operations chief Geraldine Slattery warned that recent geopolitical upheavals are pushing energy security ahead of climate objectives, reshaping policy priorities in major economies. She cited Middle East conflicts and disruptions to the Strait of Hormuz as catalysts for...
Polestar announced that the batteries in its Polestar 2 and Polestar 3 models now contain at least 50 percent recycled cobalt and will use refurbished modules for any replacements. The move is part of a broader circular‑economy strategy that aims to extend battery...
The OECD Global Anti‑Corruption & Integrity Forum 2026 highlighted critical minerals as a flashpoint for corruption amid soaring demand for clean‑energy technologies. Experts warned that complex, multi‑jurisdictional supply chains expose the sector to bribery, human‑rights abuses and environmental damage. The...
Researchers at the University of Malaga unveiled REMINLASER, a drone‑mounted laser system that delivers high‑density geochemical maps of mining waste. The technology captures elemental spectra from laser pulses, enabling rapid, contact‑free identification of critical raw materials across complex terrains. Field...
Tanzania has signed a suite of agreements with US‑owned Panda Hill Tanzania Limited to develop a niobium mine, beneficiation plant and ferroniobium smelter in Mbeya. The project aims to produce about 100,000 tonnes of niobium annually, representing roughly 4% of...
Glencore Merafe has lodged a final counter‑proposal to Eskom over the utility’s 62 c/kWh (≈ $0.03/kWh) tariff, labeling the attached conditions as commercially unworkable. The venture highlighted that the proposed five‑year contract, dividend restrictions, and take‑or‑pay clauses would jeopardise the viability of...
A leaked U.S. State Department memo threatens to cut HIV aid for roughly 1.3 million Zambians unless the government grants American firms access to its copper, lithium and cobalt mines. The document frames the move as a direct “America First” extortion...
China's state‑backed surge in copper smelting and fabrication now accounts for roughly 80% of new global capacity, tightening markets as the United States lags in domestic investment. The imbalance has prompted 50% Section 232 tariffs and renewed calls for export...
Liberia is hosting its first Kimberley Process compliance review since 2013, marking a pivotal test of reforms aimed at eliminating conflict diamonds. The government has introduced digital licensing, tighter export controls, and awareness campaigns, yet artisanal mining and cross‑border smuggling...
While most eyes are focused on hydrocarbons in the Middle East, keep an eye on #Lithium in China as well... Some data providers flagged a weekly reduction in inventories, and prices have bounced over the past few days. We seem...
Will U.S. diesel and jet fuel inventories decline to historic lows? US Weekly Oil Data: US Inventories, Exports, Imports, and Refinery Utilization (12 Charts). Link: https://t.co/9fNzVH20GN
OKEA increased its recoverable resource estimate for the Talisker West discovery near its Brage field from 19 to 28 million barrels of oil equivalents. The combined recoverable volumes from the Statfjord and Cook formations now range between 23 and 44 mmboe, with...
@grok There are about 20 LNG cargoes stranded in the Gulf because of the Hormuz crisis, explain to my followers how they lose LNG due to evaporation.
I said last June-July: China got the message, Hormuz Strait will be closed, and started preparing for it. Read details below.
The Canadian federal government has allocated C$1.5 million ($1.1 million) to the Tłı̨chǫ Nation for a three‑year mineral exploration program in the Northwest Territories. The initiative, run with the Canadian Northern Economic Development Agency, targets lithium, cesium and tantalum in partnership with...
China Deploys #AI-Powered Electric Mining Trucks, Driving Heavy Industry Toward Full #Automation by @IntEngineering #SelfDrivingCars #AutonomousVehicles #ArtificialIntelligence #Automation #Automotive #Transport https://t.co/IEENy7uDyD
🚨Hormuz Crisis goes global: Europe is heading for energy shortages, massive price spikes, and deeper reliance on Russian energy. 🚨What is next for US commercial crude inventories after the SPR release? Daily Energy Report https://t.co/W33F3aHN9V
Global demand for critical minerals is surging, prompting a need for research that links real‑world mining operations with academic rigor. A new partnership sees a seasoned industry professional return to a university setting, co‑leading studies on tailings management, water use,...
"There are a couple gaps on the upside that need to be filled... that might have been a decent low for a period of time here in gold and the gold miners." 🎙️@GuyAdami | $GLD $GDX https://t.co/ZVXyArkxOD
@RYR_RoyalRoad is drilling at its Güíntar-Aleman-Margaritas gold-copper-silver project in Antioquia Province, Colombia. Tim Coughlin spoke to Mining Stock Daily this week. https://t.co/WkV56EiiWe https://t.co/oyKbSYxeEN
BHP’s digital chief Mikko Tepponen says mining faces declining discovery rates, deeper ore bodies and heightened safety, sustainability and efficiency expectations. To meet these pressures, BHP is standardising decades‑long geological and operational data on a Central Data Platform and deploying...
Copper down 10% this month. Gold at $4,550+. Same planet. Completely different signals. One screams recession. One screams fear. $CPER $GLD https://t.co/kChEJn36lH
🛑So let me get this straight: President Trump waived sanctions on Russian oil at sea and released millions of barrels from the SPR to bring oil prices down. Then Zelensky struck Russian oil ports and terminals, tightening oil supply and pushing...
