What's happening: Cameco inks $1.9B uranium supply pact with India
Canadian uranium producer Cameco has signed a long‑term agreement with India worth $1.9B (C$2.6B). The deal will deliver about 22 million pounds of uranium ore concentrate over nine years starting in 2027, roughly 12% of Cameco’s annual output. India plans to expand its nuclear capacity to 100 GW by 2047.
Also developing:

WisdomTree’s latest blog argues that uranium’s rally is rooted in solid fundamentals as nuclear power re‑enters the global energy agenda. Thirty‑one countries have pledged to triple nuclear capacity by 2050, while the United States targets a four‑fold increase. Major tech firms such as Microsoft, Google, Amazon and Meta are signing long‑term nuclear supply deals to power data‑center growth. The firm’s uranium‑focused fund weights companies by revenue exposure, underscoring the commodity’s long‑term investment appeal.

Endeavour Mining, under new CEO Ian Cockerill, has emerged from a turbulent 2024 marked by a CEO exit and operational setbacks. The company hit a turning point by pouring first gold at the Lafigué mine in Côte d’Ivoire and completing...

Zambia and France have agreed to deepen cooperation in the mining sector, focusing on sustainable development and transparency. The French delegation, led by Thomas Rossignol, pledged technical support to strengthen Zambia’s Minerals Regulation Commission, including modern monitoring and enforcement technologies. The...

Blackrock Silver has launched a fully funded 17,100‑meter drilling campaign at its Tonopah West project in Nevada, employing a hybrid approach that combines reverse‑circulation pre‑collar drilling with core tail drilling. The effort is split into an Eastern Expansion Programme targeting...
Tudor Gold has commissioned a Preliminary Economic Assessment (PEA) for the Goldstorm Deposit at its Treaty Creek Project in British Columbia’s Golden Triangle. Fuse Advisors will evaluate an underground operation capable of processing up to 10,000 tonnes per day and...

The 2026 Year of the Fire Horse marks the 60th anniversary of the world’s first VLCC, Idemitsu Maru, and has sparked a surge in supertanker charter rates, with spot prices topping $200,000 per day and rumors of a one‑year deal...

Zijin Golden Ridge Limited has taken delivery of five SANY SET150S off‑highway hybrid mining trucks at its Akyem gold mine in Ghana. The diesel‑electric trucks are designed to reduce fuel consumption, lower operating costs, and cut carbon emissions, aligning with...
Fleet Space Technologies supplied a satellite‑based IoT network to Lundin Gold’s Fruta del Norte mine in Ecuador, enabling the company to map previously undetectable, or “blind,” mineral systems. The real‑time data stream allowed more precise drilling, cutting exploration costs by...
The weekly newsletter spotlights a new testing hub at a former quarry in Neerabup, Perth, where Imdex, Jevons Robotics and the National Reconstruction Fund Corporation are trialing METS autonomous mining equipment. The collaboration brings together advanced robotics, mining technology and...

DRDGold has surged from a marginal waste‑dump miner to a R47.6bn market‑cap company, driven by soaring gold prices and a shift to unhedged cash flow. In the six months to December 2025 the firm posted R2.7bn operating profit on R5bn...
Black Cat Syndicate has begun feeding ore from its Fingals open‑pit and Majical underground gold mines into the Lakewood processing plant. The facility is slated for an expansion that will lift throughput to 1.5 million tonnes per annum. This marks the...
Victoria-based gold producer Victory Minerals has been placed on notice again by Resources Victoria after regulators discovered unauthorised works inside an existing pit at its Ballarat mine. The breach follows a previous compliance warning earlier this year for similar activities....

Venture capitalist Lucas Birdsall highlights how surging demand for copper and silver—driven by electric vehicles, renewable energy and electronics—is outpacing production capacity. S&P Global projects copper consumption could rise to 42 million metric tons by 2040, while silver’s photovoltaic share sits...

Belgian shipowner CMB.TECH has secured five five‑year charters for its capesize bulkers, adding $304 million in revenue and lifting its contract backlog to roughly $3.05 billion. The deals, which start in the coming months, include vessels built between 2014 and 2018 and...
Mont Royal Resources has secured a conditional extension of up to C$2.6 million from Natural Resources Canada’s Critical Minerals Infrastructure Fund to fund the planning and pre‑construction of a 300‑km access road linking its Ashram rare‑earth and fluorspar project to Schefferville....
Moonlight Resources (ASX:ML8) has launched Phase 2 reverse‑circulation drilling at its Leo Grande prospect within the 268 km² Clermont project in Queensland. The program will drill approximately 5,000 metres in about 70 holes to extend the shallow gold mineralisation that yielded up to...

Avino Silver released its 2026 guidance, targeting 2.5 million ounces at a $26 per ounce all‑in sustaining cost (AISC), a figure that falls short of analyst expectations but signals continued organic production growth. Discovery Silver disclosed a robust $410 million cash balance,...

The Australian Renewable Energy Agency (ARENA) is providing up to $5 million to Queensland‑based Banks Minerals to develop a pilot plant for its electro‑chemical copper extraction technology. The funding, delivered through the Advancing Renewables Program over three years, aims to de‑risk the...

On Jan. 23 Nepal became the first Asian nation to sign a carbon‑finance agreement with the LEAF Coalition, unlocking up to $55 million for forest‑dependent communities. The deal covers emissions reductions in Gandaki, Bagmati and Lumbini provinces and splits credit sales across...

CME Group introduced a 1‑ounce gold futures contract in January 2025, expanding its COMEX product suite. Daily trading volume has risen steadily, with a pronounced uptick since September, indicating growing market acceptance. The contract’s performance contrasts with many new derivatives...

Geopolitical tensions between the United States and Iran have added a sizable risk premium to oil, pushing Brent into the low‑70s and sparking forecasts of $100 per barrel if conflict escalates. The surge has lifted the STOXX Europe 600 Oil...
Federal Resources Minister Madeleine King announced government backing for the restart of Tasmania's Mount Lyell copper‑gold mine, now in care and maintenance since 2014. Sibanye‑Stillwater has finished a feasibility study and expects a board decision this year. The mine holds a...
29Metals reported a decisive financial turnaround in 2025, swinging back to profitability after a $178 million net loss in 2024. Revenue rose 3% to $567 million while cost of sales fell 14%, lifting EBITDA to $176 million and delivering a $24 million net profit....
Yancoal posted record 2025 coal production, lifting run‑of‑mine output to 67 million tonnes and saleable production to 50.8 Mt, despite a 13% revenue decline driven by lower coal prices. Operating EBITDA reached $1.44 billion, delivering a 24% margin, while cash operating costs fell...

Caterpillar’s Electrification + Energy Solutions Division has created a Product Support Field Engineering team to back its first‑generation battery‑electric mining equipment. The team troubleshoots hardware in real‑world sites, trains dealers on high‑voltage safety, and channels field observations back to engineers....
Compania de Minas Buenaventura reported Q2 2025 EBITDA of $130 million and net income of $91 million, driven by a 28% rise in copper output while silver and gold fell 11% and 17% respectively. The San Gabriel project reached 88% completion with $82 million CapEx...

Turkey’s state‑owned TPAO and Britain’s BP have signed a comprehensive oil and gas cooperation agreement targeting Iraq’s Kirkuk basin. TPAO aims to lift 500,000 barrels per day by 2028, while BP’s initial target is 328,000 barrels per day, with plans...
Royal Gold reported record 2025 results, with annual revenue of $1 billion, a 43% increase, and operating cash flow of $705 million, up 33%. Net income rose 40% to $466 million, while adjusted net income hit $510 million, boosted by strong gold prices and...
The Northern Territory recorded a $1.7 billion gold output in 2024/25, aiming for a $2 billion target. Mining Minister Gerard Maley stressed that the region remains under‑explored and called for intensified prospecting to sustain future projects. The government also seeks to broaden...
Greenland Resources secured an exclusive special exploration licence covering 1,147.76 km² in the Semersooq region, encircling its existing molybdenum‑magnesium exploitation permit. The new area adds a dominant mineral‑licence position on Greenland’s east coast and will be explored with hyperspectral surveys. Molybdenum...

The article outlines how to move a strategic sourcing plan from theory to market execution, emphasizing that implementation validates the insights from spend analysis, category profiling, and other diagnostics. It describes four primary engagement methods—direct negotiation, outsourcing versus in‑house production,...
Lundin Gold is investing $100 million in 2026 to deepen exploration at Ecuador’s Fruta del Norte mine, aiming to extend its life amid robust gold prices. The Canadian miner has partnered with Australian firm Fleet Space Technologies, using the ExoSphere platform...
Saskatchewan Premier Scott Moe is leading a week‑long trade mission to India, concentrating on agriculture, potash and uranium. The trip coincides with the Raisina Dialogue and runs alongside Prime Minister Mark Carney’s meetings with Prime Minister Narendra Modi. Moe aims...

Codelco has launched the Kinamics Arkytas MU-2.1 robot at its El Teniente mine to map newly blasted tunnel fronts. The remote‑controlled unit creates 3‑D photogrammetric models from 22 photos, allowing engineers to assess terrain without entering hazardous zones. Beyond imaging,...

The Canadian Space Agency (CSA) has launched the Lunar Surface Exploration Initiative (LSEI) Architecture Studies to shape Canada’s contributions to NASA’s Artemis program. The agency will fund up to two contracts per focus area—mining and in‑situ resource utilization (ISRU) and...
Fastmarkets announced that the contract price for spodumene min 6% Li2O CIF China was published 2 hours 36 minutes later than scheduled. The price is part of Fastmarkets' industrial minerals package and serves as a benchmark for global lithium‑ion supply...

New Gold’s New Afton mine is installing a private LTE/5G network from Ambra Solutions, using an Athonet core and Ericsson radios. The rollout began in March 2024 and follows a three‑phase plan covering remote operations, underground coverage, and surface communications....
Fastmarkets announced a consultation to revise its black‑mass pricing methodology after China lifted its import ban and imposed stricter metal‑content rules. The new specifications require nickel‑cobalt‑manganese (NCM) black mass to contain 20‑25% nickel, 3‑10% cobalt and 3‑4.5% lithium, with total...

The U.S. Supreme Court struck down tariffs imposed under the International Emergency Economic Powers Act, potentially unlocking refunds on more than $90 billion of duties and lowering landed costs for importers. Moody’s expects a short‑term surge in cargo volumes at major...
In February 2026 the U.S. Air Force faced F‑35 radar delays because gallium supplies were blocked by China, prompting the launch of Project Vault, a $12 billion strategic critical‑mineral reserve backed by the Export‑Import Bank and private investors. Unlike the historic...

Capital Mining Services announced three major contract wins that reinforce its growth trajectory. An 18‑month waste‑stripping cut‑back contract at AngloGold Ashanti’s Sukari mine will start in Q1 2026, using existing equipment and newly acquired trucks. The company also secured a five‑year...
Metso and Loesche have formed an exclusive partnership to launch Metso Loesche VRM dry grinding technology for minerals processing. The solution merges Metso’s end‑to‑end processing portfolio with Loesche’s vertical roller mill (VRM) design, aiming to replace HPGR, horizontal and stirred mills....

Eidesvik Offshore has secured an additional contract extension from Aker BP for its 2012-built platform supply vessel Viking Prince. The extension adds roughly two months to the vessel’s hire, pushing the end‑date to the end of April 2026. This follows...

Saudi Arabia’s largest oil shipper, Bahri, provisionally chartered five very large crude carriers as daily charter rates neared $200,000, the highest level since 2020. The vessels are slated to move Saudi crude to Asian markets, chiefly China, in the coming...
Surge Battery Metals, together with Evolution Mining, released the final assay results from its 2025 core drilling program at Nevada North Lithium Project. Infill drilling returned a 116‑metre interval averaging 3,752 ppm lithium, including a 32.1‑metre zone grading 4,521 ppm, confirming a...

New Zealand’s foreign minister announced a NZ $30 million aid suspension to the Cook Islands after the Pacific nation failed to consult Wellington on a deep‑sea mining partnership with China. The dispute centers on the interpretation of the Cook Islands’ free‑association status...
The U.S. Treasury’s Office of Foreign Assets Control announced sanctions on 12 tankers and their owners that have shipped hundreds of millions of dollars in Iranian petroleum and petrochemical products. The designations also include nine individuals and entities in Iran,...

South Africa’s Minerals Council criticised the 2024 budget for omitting any reduction in electricity tariffs for the ferroalloys sector, despite industrial power costs soaring over 900% since 2008. The omission threatens the ferrochrome industry, which supports more than 20,000 jobs,...
The Arkansas River port, devastated by the 2019 flood, secured an $8.1 million federal grant to modernize its facilities and expand rail capacity. Operator Five Rivers Distribution will construct three 30,000‑square‑foot warehouses to handle freight arriving by rail. The city’s port...
VanadiumCorp Resource Inc. announced it is moving forward with a staged, gated technical program to produce an NI 43‑101 compliant report for its Lac Laura gold‑copper property in Quebec. The company is selecting independent geological and engineering consultants to execute Phase 1...