Today's Mining Pulse
China slams Indonesia's investment climate over nickel curbs
China criticised Indonesia's investment climate, citing recent restrictions on nickel exports that could deter foreign investors. The Financial Times reported the remarks as part of broader concerns about the region's mining policy environment.
Also developing:
By the numbers: Mutapa Gold secures $75M bank funding
No Value in Making Copper Cathodes in Brazil: Vale
Vale Base Metals argued that producing copper concentrate already captures 90‑94% of the metal's value, leaving little economic incentive to build domestic smelting capacity. The company highlighted that high copper prices and low treatment and refining charges boost concentrate margins, making cathode production financially unattractive in Brazil. Vale also warned that Brazil's critical minerals bill, which ties tax credits to local processing, could deny the miner roughly $1 billion in incentives over five years. The spokesperson called for faster project approvals, noting a 17‑year average start‑up time threatens Brazil’s ability to meet future copper demand.
A War of Words Sends Brent Crude to a Two-Month Low
Brent crude slid to $88 a barrel on June 12, hitting its lowest level since April 2026 as a public feud between President Trump and Tehran sowed uncertainty over a prospective U.S.–Iran agreement. The price dip was amplified by China’s...
Avanti Gold’s Misisi Project Celebrates 10 Years on CSE
Avanti Gold marked a decade of its Misisi gold project being listed on the Canadian Securities Exchange, underscoring the rarity of a Western‑listed developer operating in the Democratic Republic of Congo. Misisi sits on the Kibara gold belt in South Kivu...
Centre, Assam, Nagaland Sign Tripartite MoU to Unlock Border Hydrocarbons
India, Assam and Nagaland signed a tripartite MoU in New Delhi to open oil, gas and mineral exploration along their shared border. The agreement could boost current production of 1,000‑1,500 barrels per day to more than tenfold, tapping an estimated...
Why the Biggest Copper Production Bottlenecks Are Now Operational, Not Geological
Copper’s role in the clean‑energy transition has made it a strategic metal, with S&P Global projecting a 30 % demand increase by 2030. While new ore discoveries remain limited, the industry’s biggest bottlenecks have shifted from geological scarcity to operational constraints...
Silver47 Exploration Plans 10,000-Metre Drill Program at Red Mountain Silver and Critical Minerals Project, Alaska
Silver47 Exploration Corp announced the start of a fully funded 2026 summer drill program at its Red Mountain Project in Alaska, targeting 10,000 metres of core drilling with three rigs. The campaign focuses on expanding the inferred 168.6 million silver‑equivalent ounce...
Sandvik CH662 Cone Crushers to Debut at South African Platinum Operation
Sandvik Rock Processing is delivering its first CH662 cone crushers to a platinum mining expansion in South Africa’s Limpopo province. The CH662 upgrades the CH660 platform with mechanical enhancements and the new ACS‑c 5 ASRi digital control, boosting throughput, reliability and remote...
Algo Grande Copper Launches Phase II Drilling at Adelita Project, Mexico
Algo Grande Copper Corp. has kicked off Phase II drilling at its 100%-owned Adelita Project in Sonora, Mexico. The first hole, AG_GC_PH2_001, was spudded on June 9 and aims to drill 500 metres to extend the Cerro Grande Cu‑Ag‑Au skarn discovery 100 metres north...
JERA Takes Delivery of First LNG Cargo From Australia's Barossa Gas Project
JERA received its first LNG cargo from Australia’s Barossa gas project on June 12, delivered to the Futtsu terminal aboard the carrier Sohshu Maru. The Barossa field, offshore the Northern Territory, will produce about 3.4 million tonnes of LNG annually, of...
BofA Sees "Runaway Price Risk" In Spot Sulfur As Global Supply Chain Freezes
BofA analysts warn that spot sulfur prices have jumped to about $1,200 per metric ton, far above the typical sub‑$200 level, as a severe supply crunch tightens the market. Roughly 50% of the world’s seaborne sulfur is stranded behind the...
New FLS KREBS® OSA Determines Particle Sizes Directly in Process Stream
FLSmidth has launched the KREBS® OSA, a plug‑and‑play analyser that measures particle size distribution directly in the grinding circuit’s process stream. Using an intrusive vibration sensor, the device delivers real‑time data for particles up to 4 mm without manual sampling. The...
Metso Upgrades Mineralogy Lab
Metso announced the installation of an advanced automated mineralogy analyser at its research centre in Pori, Finland. The new system is designed to speed up ore characterisation for mining customers, addressing the industry’s challenge of declining ore grades. By automating...
Exploration Drilling Update
Mining Magazine’s latest exploration drilling update highlights Ximen Mining’s deployment of a robotic dog to survey underground excavations at its Kenville mine project in British Columbia. The autonomous platform is delivering faster, safer data collection, which the company says trims...
Queensland Approval Overhaul Puts Permitting in Focus Ahead of IMARC
On 2 June Queensland introduced reforms to the State Development and Public Works Organisation Act 1971, establishing a State Strategic Projects framework that gives the government new powers to fast‑track approvals for projects deemed critical to the state’s economy. The changes focus...
Volta Metals Awarded up to $500,000 From Ontario’s Critical Minerals Innovation Fund
Volta Metals Ltd received a maximum grant of $500,000 CAD (≈$365,000 USD) from Ontario’s Critical Minerals Innovation Fund to fund metallurgical and processing work at its Springer Rare Earth Element and Gallium Project. The award covers up to 50 % of eligible...
Big Hits: Lac Gold, American Tungsten & Antimony and Breakthrough
Lac Gold reported a 1,580 g/t gold intercept at 150 m depth in its Astoria target, reinforcing a structurally controlled gold system within the prolific Abitibi Belt. American Tungsten & Antimony announced a 10.37‑metre interval averaging 3.98% antimony, highlighted by a 0.30‑metre...
IperionX Titan Project Models $813M NPV for Titanium Supply
IperionX released a Definitive Feasibility Study for its Titan project in west Tennessee, forecasting a post‑tax net present value of $813 million, a 39.4% internal rate of return, and a 3.63‑year payback over a 14‑year mine life. The mine will produce...
Zimbabwe Beneficiation Laws Reshape Global Lithium Market, Report Finds
Zimbabwe’s February 2026 ban on raw lithium ore exports has reshaped the global lithium market by tightening supply and prompting a shift toward domestic processing. Battery‑grade lithium carbonate prices have rebounded to a $22,000‑$26,000 per tonne range, reflecting the tighter...
Altitude Minerals Spins Drill Rod in Copper-Gold Porphyry Hunt at Byrock
Altitude Minerals has launched a 2,300‑metre reverse‑circulation drilling campaign at its Byrock project in New South Wales, targeting three high‑priority copper‑gold porphyry prospects (P01, P02 and P38). The program, conducted under an earn‑in joint‑venture with Nimrod Resources, requires Altitude to...
ETM Unlocks Low-Uranium Rare Earth Opportunity at Kvanefjeld
Energy Transition Minerals (ASX:ETM) announced the discovery of ten new rare‑earth element (REE) mineralised zones at its Kvanefjeld project in southwestern Greenland, including a 1.8‑km surface trend that meets Greenland’s 100 ppm uranium threshold. The zone exhibits exceptionally high grades of...
Norfolk Metals Lands Game-Changing Chilean Copper Project; Launches A$120m Raise
Australian miner Norfolk Metals announced the acquisition of the Ciclón copper project in Chile for US$50 million, comprising US$45 million in cash and US$5 million in shares. The high‑grade, permitted deposit contains a non‑JORC resource of 10.1 million tonnes at 2.97% copper and sits...
Star Minerals Blasts Towards Gold Revenue as Ore Mining Begins
Star Minerals (ASX:SMS) has completed its first blast of gold‑bearing ore at the Tumblegum South project in Western Australia, marking the transition to active mining. The mineralised material is being stockpiled for toll‑treatment at Catalyst Metals' Plutonic mill under a...
Brazil Far From Critical Mineral Processing
Brazil remains far from domestic processing of critical minerals despite President Lula's push. The nation holds roughly a quarter of global reserves but produces under 1% of them, exposing a stark gap between resource endowment and output. A lower‑house bill...
Dakota Gold Books 5.24g at Richmond Hill Project
Dakota Gold reported high‑grade drill intercepts at its Richmond Hill oxide heap‑leach project in South Dakota, including a 14‑metre section grading 5.24 g/t gold and 4.43 g/t silver. The company has completed about 94% of its 17,273‑metre drilling campaign, focusing on a...
Codelco & CEA-Liten Collaborate to Boost Underground Fleet Electrification
Codelco and France’s CEA‑Liten institute have signed a one‑year collaboration to study and develop technologies for electrifying underground mining equipment. The project, co‑financed by Codelco and the French FASEP fund, will create technical specifications, assess technology maturity, and conduct battery...
News Release: Ontario Takes Action to Build Critical Minerals Supply Chain (Energy and Mines – June 10, 2026)
Ontario announced an investment of roughly C$8 million (≈US$5.9 million) in 18 critical‑minerals projects through its Critical Minerals Innovation Fund, complemented by about C$12.3 million (≈US$9.1 million) in private‑sector funding. The initiative, part of Premier Doug Ford’s Fortress North America Strategy, seeks to develop...
Governance Concerns Shadow DRC’s Massive Manono Lithium Project
The Democratic Republic of Congo’s Manono deposit, one of the world’s largest untapped hard‑rock lithium reserves, is slated for a near‑$2 billion joint‑venture development. While the project promises to create over 1,200 direct jobs and bolster the DRC’s role in the...
Core Lithium Announces Second Sale of Lithium Fines
Core Lithium Ltd signed a binding sale and purchase agreement with Glencore International to deliver 25,000 metric tons of lithium fines from its Finniss operation, marking the second stockpile sale after an April transaction. The deal, priced at roughly $270...
Greek LNG Buyer Says Long Term USA Deals Getting Harder
Greek Atlantic SEE LNG Trade is finding long‑term contracts with U.S. suppliers increasingly elusive after the Iran‑Israel conflict disrupted global gas flows. Spot prices have surged as the Strait of Hormuz closure cut roughly 20% of worldwide LNG supply, prompting...
NLCIL and CSIR-CECRI Sign MoU for Critical Mineral Extraction
NLC India Limited and CSIR‑CECRI have signed an MoU to study extraction of rare earth elements and other critical minerals from overburden and tailings at the Neyveli mines. The collaboration supports India’s National Critical Mineral Mission and aims to develop...
BHP, BOTON Sign Agreement for Mining Conveyor Systems
BHP has entered a global framework agreement with China‑based Wuxi BOTON Technology to co‑develop sustainable conveyor systems for its mining operations. The partnership expands beyond product supply to joint technology projects, life‑cycle services, and a carbon‑footprint monitoring programme. Planned innovations...
Gold Strike Set for First Florin Drilling
Gold Strike Resources Corp. announced a fully funded 2026 exploration program targeting its Yukon portfolio, with over 8,000 meters of diamond drilling slated for the Florin reduced intrusion‑related gold system (RIRGS). The company recently updated Florin's inferred resource to 162.78 million tonnes...
GoldMining Tables PEA for Open Pit Gold Project in Brazil
GoldMining Inc. released a preliminary economic assessment for its Sao Jorge open‑pit gold project in Brazil. The base case shows an after‑tax NPV of $532 million at a 5% discount and a 42.4% IRR, assuming a $3,500 per ounce gold price....
Scandium Canada Launches 4,000-Metre Diamond Drilling Program at Crater Lake, Québec
Scandium Canada has kicked off a 4,000‑metre diamond drilling campaign at its Crater Lake scandium project in Nunavik, Québec. The effort focuses on extracting an 8‑to‑10‑tonne bulk metallurgical sample to support a forthcoming feasibility study, while also testing the lateral...
French Trio Turns to AI in Hunt for African Critical Metals
French miner Eramet, data‑analytics firm Lithosquare, and state agency BRGM have formed a framework partnership to deploy artificial intelligence for discovering new critical‑metal deposits in Africa. The joint AI model will combine satellite imagery, geophysical surveys and historic drilling data...
Hanwha Ocean-Built FPSO’s Oil Offloading Opens Revenue Flows for Petrobras
Petrobras began generating revenue after the first oil off‑load from its eighth FPSO, P‑79, built by Hanwha Ocean. The vessel arrived in Brazil’s Santos Basin in February 2026, produced first oil on May 1 and completed its inaugural off‑load on May 30....
Europe Eyes Brazil’s Rare Earth Rush
The European Union is intensifying its push to secure Brazil’s rare‑earth reserves as part of a broader strategy to reduce reliance on China. Commissioner Jozef Síkela will travel to Brazil from June 18‑24 to discuss investment, supply agreements, and local processing projects....
Swedish Firm Lands $105m Role in Indonesia’s Giant Gas Development
Swedish engineering materials specialist Alleima secured a subsea tubing contract valued at approximately SEK 995 million ($105 million) for Indonesia’s Kutei North Hub offshore gas development. The deal, awarded by an unnamed subsea technology contractor, calls for Alleima’s SAF 2507 advanced umbilical tubes to...
Brixton Begins 10,000m Thorn Drill Program
Brixton Metals has launched a 10,000‑meter drill program at its Thorn project in northern British Columbia, concentrating on expanding the Camp Creek porphyry copper‑gold system and testing new targets such as Catalyst, Tempest, Sentinel and Trapper. The initiative follows historic...
Rocky Shore Expands Gold Anchor Drilling
Rocky Shore Gold has expanded its drilling at the Lane Pond gold target in Newfoundland, increasing the program from 3,500 m to 12,500 m after early holes revealed a near‑surface bulk‑style gold zone linked to the Appleton Fault. To date, 13 holes...
Sandvik’s Drill Electrification Journey Continues with Introduction of Commando DC310RiE
Sandvik has unveiled the Commando DC310RiE, its first fully electric top‑hammer surface drill rig aimed at construction and infrastructure projects. The rig delivers zero‑local emissions and markedly lower noise while maintaining penetration rates comparable to diesel‑powered units. It can operate via...
Cornish Metals Advances Underground Works at South Crofty Tin Project
Cornish Metals reported steady progress on underground development at the historic South Crofty tin mine in Cornwall. The company is dewatering the New Cook’s Kitchen shaft to reach the 400‑Level by early 2027 and has begun early‑stage refurbishment of the Roskear...
Austin Metals Starts RC Drilling at Gold Project in WA
Austin Metals has launched a 4,000‑metre reverse‑circulation (RC) drilling campaign at its 111 km² Austin Gold Project near Cue in Western Australia. The first phase targets five high‑priority gold zones across a 3 km stretch of banded iron formation (BIF) at Brunswick...
Caledonia’s Motapa Results Confirm Gold Zone Continuity ,a Potential Bilboes Extension Takes Shape
Caledonia Mining’s 2025 exploration at Zimbabwe’s Motapa property delivered several high‑grade intersections, including 19 m at 8.08 g/t and 6.38 m at 13.95 g/t. The results confirm a six‑kilometre strike‑length continuity of mineralisation adjacent to the Bilboes mine, which already holds 1.75 million ounces of...
Sierra Nevada Taps Dealmaker Geologist for Growth Push
Sierra Nevada Gold announced Adam Oehlman as its new CEO effective June 11, 2026, as the company ramps up drilling in Saudi Arabia and trial mining in Nevada. Oehlman brings a blend of geological expertise and corporate‑development experience, most recently...
Metso Strengthens Mineralogy Capabilities With New Investment
Metso is bolstering its mineralogy services at the Pori Research Center by installing a TESCAN TIMA automated analyzer. The system merges high‑resolution FE‑SEM imaging with multidetector elemental analysis, dramatically increasing sample throughput and speed. Faster, higher‑capacity data will help mining...
Waratah Tees up Further Gold Growth at NSW Spur Project
Waratah Minerals announced new gold intercepts from its 80,000‑metre drilling campaign at the Spur and Consols zones in New South Wales. The latest assays include a 31‑metre interval at 1.69 g/t, a 37‑metre interval with a 38.79 g/t spike, and a 117‑metre...
GoldArc’s Grade Control Drilling Boosts Confidence in the Mt Stirling Gold Story
GoldArc Resources reported its sixth round of grade‑control drilling at the Mt Stirling deposit near Leonora, Western Australia, delivering the program’s widest gold intercept – 29 m at 2.09 g/t, including a 1 m high‑grade core of 16.9 g/t. The drill program also returned an...
Taiwan Key for Rare Earths: Think Tank
A senior fellow at Taiwan's Chung‑Hua Institution highlighted the island’s rare‑earth refining expertise as a cornerstone for building non‑China supply chains. Taiwan plans a pilot‑scale production line within three years to satisfy roughly half of its domestic demand and is...
OFAC Unveils Sweeping Framework for Venezuela Oil, Gas and Mineral Exports
The U.S. Treasury’s Office of Foreign Assets Control released seven updated general licenses that reopen large segments of Venezuela’s oil, gas, petrochemical and mineral sectors to U.S. and allied firms. The new framework explicitly authorizes maritime services, insurance, and logistics...