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.
Viridien has launched the Charrua 3D multi‑client seismic survey offshore Uruguay, deploying the BGP Prospector vessel. The project employs time‑lag full‑waveform inversion (TLFWI) to generate high‑resolution subsurface images. This effort expands Viridien’s data coverage across the southern Atlantic Margin, a region gaining attention after recent Orange Basin discoveries in Namibia. Industry funding backs the survey, underscoring growing confidence in Uruguay’s offshore potential.
New Frontier Minerals announced substantial tungsten mineralisation at its Harts Range project in Australia after a 27‑hole, 1,803‑metre RC drilling campaign. Surface assays at the Cusp Prospect recorded tungsten‑oxide values between 5,930 ppm and 14,501 ppm, while the Bank Prospect yielded 1,237 ppm...
USAC secured $27 million from the Department of War under the Defence Production Act to expand domestic antimony extraction. The grant, part of $58.5 million DPA investments this fiscal year, will modernize USAC’s Montana plant and launch new mining operations...
Volta Metals announced that its Springer rare‑earth deposit in Ontario has grown tenfold to 176 million tonnes, including 56.6 million tonnes indicated and 119.5 million tonnes inferred, placing it among North America’s ten largest deposits. The project hosts the core four rare‑earth elements—neodymium,...
Villagers in Latehar district, Jharkhand, seized a drone and survey materials used by a coal mining firm for the Tubed Coal Mining Project, prompting a police investigation. The community protested, arguing the survey violated the Panchayats Extension to the Scheduled...
SFL Corporation has signed a roughly $170 million contract for its Hercules semi‑submersible rig with an unnamed multinational oil and gas company in Canada. The agreement covers a minimum 400‑day term starting in the first quarter of 2027, with the rig...
The Indian government will grant the Central Industrial Security Force (CISF) legal powers to initiate action against illegal coal mining, mirroring the authority enjoyed by the Railway Protection Force. Currently limited to guarding ten mines, CISF will gain the ability...
Freight rates from the Far East to the U.S. and Europe rose sharply after recent military strikes in the Middle East, according to Xeneta data. Spot prices jumped about 10% on West Coast routes and 9% on East Coast routes,...
NextStar Energy, a joint venture between Stellantis and LG Energy Solution, inaugurated Canada’s first large‑scale battery cell plant in Windsor. The facility began series production in November 2025, manufacturing over one million stationary‑storage cells to date. Stellantis has exited the partnership,...
U.S. rail carriers posted a modest 1.6% rise in total traffic for the week ending Feb. 28, reaching 516,729 carloads and intermodal units. Carloads jumped 6.9% driven by a 20% surge in grain shipments, while petroleum, chemicals and metallic ores also...
DELKOR India has secured a major EPC contract with Arab Potash Company to supply a 50‑meter diameter thickener for the company’s Hot Leach Potash (HLP) capacity expansion. The thickener will be built from superalloy steel, feature a sealed, insulated tank...
Arconic Corp. announced a $175 million expansion of its Davenport Works casthouse in Iowa, dubbed Pit 10. The project will boost aluminum ingot casting capacity, increase scrap utilization, and improve energy efficiency. It is expected to create 40 new jobs and become...
TGS has scheduled multiple acquisition campaigns for its Ramform Vanguard seismic vessel, beginning in mid‑March and extending into the third quarter. The program starts with an oil‑and‑gas site survey before moving to two offshore‑wind contracts, leveraging the vessel’s Ultra High...
China Merchants’ subsidiary Changhang Freight has placed an order for two 20,000 dwt LNG‑powered bulk carriers from Jiangxi New Jiangzhou Shipbuilding. The vessels are river‑sea direct bulkers designed for Grade A navigation on the Yangtze River, enabling seamless operation between inland waterways...
The Net Zero Asset Owner Alliance (NZAOA) has released the fifth edition of its target‑setting framework, introducing explicit transition targets for members. The update tightens expectations on asset managers, requiring disclosure of climate‑solution contributions and more rigorous engagement protocols. By...
Norway’s regulator Havtil has approved Wellesley Petroleum to drill an exploration well in block 35/10 of the North Sea. The 35/10 16 S well, part of the Carmen appraisal under licence 1148, will be drilled in 365 m water using the Deepsea Yantai...
Gold prices are being pushed higher as Middle East conflict escalates, with Argonaut raising its 12‑month target to $6,000 per ounce and State Street assigning a 35% probability to a bull case of $5,500‑$6,250. Safe‑haven demand has lifted gold ETF...
In this episode the hosts reopen their listener‑driven stock‑pitch format, giving retail investors a platform to recommend junior mining companies. Two pitches dominate the discussion: Auric Mining (AWJ), a cash‑generating gold producer in Western Australia with a low market cap...
US critical minerals talks in Caracas signal a push for a formal Venezuelan mining value chain. https://www.metalnomist.com/2026/03/us-critical-minerals-supply-chain-in.html
Have been saying for a while that commodities have been way under estimating upside potential(ag in particular) what a little wall street money could do to prices. However, if crude causes the equities to crater it can become “risk off”...
Rainbow Minerals (ARM) confirmed its participation in a joint‑venture bid with Transnet to build the Ngqura Manganese Ore Export Terminal in South Africa’s Eastern Cape. The proposed facility would handle 16 Mt of manganese annually, with scope to expand to 22 Mt....
Fidelity Gold Refinery (FGR) published its official gold buying rates for Zimbabwe on 6 March 2026. The fire‑assay cash price tops the table at $155.94 per gram ($4,850.28 per ounce) for gold above 100 g, while SG 90 %+ gold is priced at $155.12 per...
The Australian Government has committed $53 million through the Cooperative Research Centres (CRC) Program to launch the Critical Metals for Critical Industries (CMCI) CRC. The initiative brings together 62 industry and research partners to develop domestic refining processes for critical metals...
Amex Exploration Inc. has signed an Exploration Agreement with the Apitipi Anicinapek Nation (AAN) to collaborate on its Perron West, Abbotsford and Hepburn projects in Ontario. The deal creates a community fund tied to Amex's exploration spend and opens employment,...
Irving Resources reported high‑grade gold assay results from drill hole 25SY-003 at the Yamagano joint venture in Kyushu, confirming an eastward extension of mineralized veins. The hole intersected multiple zones, including a 1.0‑metre interval grading 23.36 gpt Au and 9.12 gpt Ag,...
BCM Resources Corp announced a fully‑funded 2026 drill campaign at its 100% owned Thompson Knolls porphyry‑skarn Cu‑Ag‑Au‑Mo discovery in British Columbia. The program contracts National EWP to operate a Schramm Epiroc 685 reverse‑circulation rig and TonaTec Exploration to run an...
China lithium prices tumble as weak EV sales, Middle East war cloud demand outlook https://t.co/8TqB23mggy
Carnavale Resources has finished a five‑week drilling campaign at its Kookynie gold project in Western Australia, delivering 8,500 m of infill RC holes and six large‑diameter diamond cores for metallurgical testing. The program upgrades the 842,000‑tonne indicated resource (4.3 g/t Au, 117,000 oz)...
The global passenger EV market grew 18% YoY in 2025, pushing battery capacity deployment past 1 TWh for the first time. Raw‑material costs for lithium, graphite, nickel, cobalt and manganese reached $15.6 billion, an 11% rise over 2024 but still half of...
The Association of Mining and Exploration Companies (AMEC) submitted recommendations to a Senate inquiry urging the Australian government to boost community engagement, infrastructure investment, and workforce development for the critical minerals sector. The proposal calls for increased funding for Prescribed...
Weir Group has secured a contract to provide its ENDURON® high‑pressure grinding rolls (HPGR) for the Phase 2 expansion of Ivanhoe Mines’ Platreef project in South Africa. The HPGR circuit will be integrated into the tertiary crushing stage of the new...
Black Bear Minerals announced a high‑grade silver intercept at its Shafter project in Texas, reporting a 9.1 metre core averaging 240 g/t Ag from a depth of 214.3 m. The interval also contained 1.1% lead, 1.8% zinc and 0.1 g/t gold, with a 1.5 m...
Mammoth Energy Services reported $16.4 million revenue in Q2 2025 but posted a $35.7 million GAAP net loss, driven largely by a $31.7 million non‑cash impairment on its Northern White Sand mine. The quarter featured three major portfolio moves: a $108.7 million sale of infrastructure...
The article explains that grain basis is the difference between local spot prices and futures contracts, serving as the local market adjustment on top of global pricing. In Australia, wheat basis is measured against CBOT wheat futures in Australian dollars...
Indonesia has signed a memorandum of understanding to import roughly 2 million tonnes of wheat annually from the United States, representing about 17% of its total wheat demand. The deal effectively earmarks a fifth of the market for U.S. exporters, removing...
The First Nations Major Projects Coalition (FNMPC) is championing Indigenous equity ownership as a catalyst for faster mining and energy project approvals across Canada. By providing technical, regulatory and financial support, the coalition helps First Nations move from consultation to...
Analyst Andrew Hecht downgraded the Global X Lithium & Battery Tech ETF (LIT) from buy to hold after a pronounced rally from its April 2025 lows. He cites continued volatility but notes a bullish longer‑term chart and an anticipated lithium supply...
Canadian Natural Resources Ltd. announced it will postpone its $8.25 billion Jackpine mine expansion in northern Alberta until federal and provincial carbon‑pricing and methane‑regulation frameworks are clarified. The delay will shave $310 million from CNRL’s 2026 capital budget and pushes back engineering...
At CONEXPO 2026 SANY unveiled its AI Service Assistant (SASA), RootPilot 3D guidance system, and a 5G‑enabled Remote Control that let visitors operate an excavator 6,500 miles away. The company also highlighted telematics that integrate location, hours and maintenance data...
The Strait of Hormuz remained effectively shut on March 4, with only five vessels recorded, while traffic through Bab el‑Mandeb surged to 23 crossings, outpacing recent averages. Suez Canal activity fell to 23 transits, below trend levels, and diversions around the...
Glencore has offered an $800 million pre‑payment to finance Kazakh entrepreneur Shakhmurat Mutalip’s $1.4 billion bid for a 40% stake in Eurasian Resources Group (ERG). The funding would be secured against future ferrochrome deliveries, helping Mutalip outpace a rival offer from ERG...
Zambia’s Ministry of Mines and Minerals Development reaffirmed its commitment to legal, organised and sustainable artisanal small‑scale mining (ASM) in Central Province. The government, together with district authorities, traditional leaders and security agencies, will enforce regulations and expand a land‑facilitation...
A high‑level French embassy delegation toured Zambia’s Kalumbila Multi‑Facility Economic Zone to assess investment prospects in the country’s mining supply chain. Hosted by First Quantum Minerals, the visit highlighted the zone’s 5,000‑hectare footprint, fiscal incentives and ready infrastructure. Kalumbila MFEZ’s...
The 94th Prospectors & Developers Association of Canada (PDAC) convention in Toronto drew more than 32,100 attendees and set a record with over 1,300 exhibitors. Speakers highlighted strong commodity markets and growing governmental recognition of minerals as essential to economic...
PYZ is an Invesco Dorsey Wright Basic Materials Momentum ETF that concentrates on metals, mining and chemicals, aiming to capture inflation‑benefiting stocks with strong price momentum. While the fund has delivered impressive year‑to‑date returns, it has lagged broader material ETFs...
Macro: coal demand bifurcates—metallurgical firm, thermal pressured. Key factors: Warrior Met's Q4 strength; Peabody's diversified mix. Risks: regulation, China slowdown. Trade: Buy Warrior Met on pullback. — Viktor Kopylov, PhD, CFA More insights: t.me/si14Kopylov
Bullion Gold Resources is preparing a 25,000‑metre diamond drilling campaign on its Terragold gold project in Senneterre, Québec, slated for spring 2026. The work follows receipt of Impact Exploration Work permits and aims to gather data for a National Instrument...
Severe flooding caused a bridge collapse near the Kasumbalesa border crossing, halting the main copper export corridor between the Democratic Republic of Congo and Zambia. The blockage stopped trucks carrying copper and cobalt, threatening the flow of these critical minerals...
Resolute Mining announced a 60% increase in its gold resource estimate, now totaling 347 million tonnes at 1.6 g/t gold and over 17.63 million ounces. The boost stems from the $150 million acquisition of the Doropo and ABC projects in Côte d’Ivoire, which added...
Seafarers can now refuse to sail through the Middle East Gulf after the threat level was raised to its highest, according to the International Transport Workers’ Federation and the International Bargaining Forum. The agreement allows crew to decline voyages in...
