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
Integra Resources Targets 300K-Ounce Gold Growth Plan | George Salamis
Integra Resources announced a strategic plan to become a mid‑tier gold producer, targeting more than 300,000 ounces of annual output. The company is stabilizing operations at its Florida Canyon mine in Nevada, moving the asset closer to full production. Simultaneously, Integra is advancing the DeLamar gold‑silver project in Idaho through the final stages of federal permitting. CEO George Salamis emphasized that the growth will be achieved organically, without major acquisitions.
Gunnison Copper Advancing Gunnison Copper Project, Arizona
Gunnison Copper Corp. has fully contracted a district‑wide drilling campaign at its Arizona Gunnison Copper Project, targeting up to 120 holes and roughly 138,000 feet of core to feed its pre‑feasibility study, resource expansion and metallurgical work. The first metallurgical phase...
Cub East Expands Whitehorse Copper
Gladiator Metals announced step‑out drilling at its Cub East target that pushes a high‑grade copper‑gold‑silver zone northward by more than 80 meters. Assays from four holes show up to 4.24% copper, 2.16 g/t gold and 31 g/t silver over significant intervals. A 3‑D...
Silver47 Tests Red Mountain Potential
Silver47 Exploration Corp. is launching a 10,000‑meter, 2026 drill campaign at Alaska's Red Mountain district, a 60‑km trend of polymetallic VMS mineralization. The program will allocate roughly 3,000 m to expand the known Dry Creek deposit, which already hosts an inferred...
China’s Rare Earth Playbook: Status‑Quo Stability, Crisis‑Driven Leverage, and the Global Race to Respond
China has turned rare earths into a strategic lever, using export licensing, environmental checks, and technology controls to keep global markets dependent while avoiding overt embargoes. In normal years this creates a predictable scarcity, especially for heavy rare earths like...
Oman’s Block 50 Offshore Drilling Ops Face Further Delays
Masirah Oil has postponed the start of its three‑well development drilling program at the Yumna field in Oman’s Block 50, with a new start date to be announced later. The company previously targeted the first quarter of 2026, then May 2026,...
2017-Built Rig’s Asian Multi-Well Drilling Assignment Awaits New Start Date
Jasmine Energy, a subsidiary of Singapore‑based Rex International, has announced a revised timeline for its multi‑well drilling program off Oman’s coast. The project will use the nine‑year‑old Energy Emerger jack‑up rig, operated by Northern Offshore, to drill three development wells...
Spurned by Trump, Oklahoma’s AG Sues to Block America’s First Aluminum Smelter in 50 Years
Oklahoma Attorney General Gentner Drummond has filed a 12‑page lawsuit to block Century Aluminum’s proposed primary aluminum smelter east of Tulsa, a project backed by $500 million in Biden‑administration funding. The plant, which would be the first new U.S. aluminum smelter...
FinEx Metals Announces Exploration Program for Its 100%-Owned Kero Project in the Central Lapland Greenstone Belt, Finland
FinEx Metals Ltd. announced a summer 2026 exploration program on its 100%-owned Kero gold project in Finland’s Central Lapland Greenstone Belt. The plan includes roughly 2,000 m of diamond drilling and 600 top‑of‑bedrock/bottom‑of‑till samples, targeting four zones where historical drilling missed...
As India Rises in Critical Minerals Race, Can It Dent China’s Dominance?
India and the United States signed a framework agreement on May 26 to cooperate on critical minerals and rare‑earths, aiming to reduce reliance on China’s dominant supply chain. The pact follows a $20 billion Quad initiative and includes provisions for joint mining,...
Simandou Iron Exports Jump to 2.2 Mt in May, Six Months After First China Shipment
Guinea’s Simandou iron ore project shipped 2.2 million tonnes in May, a sharp rise from April’s 1.3 million tonnes and the first three months’ sub‑0.6 million‑tonne levels. The surge, recorded six months after the inaugural shipment to China, marks a critical step in...
West High Yield’s Barry Baim on Bringing Magnesium Production Back to North America
West High Yield Resources Ltd. (TSXV: WHY) is moving its Record Ridge magnesium project in British Columbia from permitting to production, aiming to complete remaining Mines Act permit conditions by mid‑June and start ground disturbance in July. The deposit boasts...
April Manganese Ore Prices Surge on Tight Indian Supply
Moil raised April manganese ore prices as tight Indian supply and restricted imports lifted feedstock costs. https://www.metalnomist.com/2026/06/moil-moil-manganese-ore-prices-rose.html
Wesizwe Platinum to Cut Staff 70% as Rips up Mining Plan
Wesizwe Platinum, 45% owned by China‑Africa Jinchuan Investments, announced it will scrap its original Bakubung mine production plan and cut 70% of its workforce, laying off about 497 of 706 employees. The revised strategy abandons the 420,000‑ounce‑per‑year target and instead...
Boliden and V.A.S. Complete Autonomous Dam Haulage Project
Volvo Autonomous Solutions (V.A.S.) and Boliden have completed an autonomous haulage project at the Garpenberg mine in Sweden, moving close to 700,000 tonnes of rock fill to reinforce a dam wall. The operation spanned more than 11,000 transport cycles and covered...
Rocklands Mill Buy Keeps Plant Refurb Rolling
Austral Resources has secured an "as new" 4.75 MW semi‑autogenous grinding (SAG) mill for its Rocklands copper project in north‑west Queensland, with delivery slated for late July. The mill, previously unused, will replace aging equipment and keep the plant refurbishment on...
Vaca Muerta Infrastructure Project Nears $1 Billion Financing Package
Citigroup, Banco Santander and JP Morgan are negotiating a roughly $1 billion financing package for Transportadora de Gas del Sur's NGL Project in Argentina's Vaca Muerta shale basin. The $3 billion investment will add new gas‑processing capacity, a 573‑km pipeline to Bahía Blanca and export...
Pilbara Killer Pumps
Ship‑tracking data from Kpler shows Pilbara’s Morebaya port shipped 2.2 million tonnes of iron ore in May, eclipsing the 1.3 million‑tonne record set in April. The first three months of 2026 each moved only about 0.6 million tonnes, reflecting earlier expectations of a...
Strategic US‑Made Rare‑Earth Project Offers Low‑Capex Opportunity
HAMR-time meet xenotime Dy, Tb, Y, titanium, zircon Congrats @iperionx on robust Titan DFS. Trump admin no doubt recognizes the strategic nature @todd_hannigan so articulately summarizes below, which is why DOW funded the study. Low capex, low execution risk, permitted. 100% owned, 100% made...
Simandou Mine Threatens Iron Ore Giants' Pilbara Dominance
Iron ore giants start to feel the heat of higher exports from ‘Pilbara killer’ Simandou mine in Guinea https://t.co/GAwljPARuu
Verity Resources Reports 97% Gold Recoveries From Metallurgical Testing of Waihi Samples
Verity Resources (ASX:VRL) announced that metallurgical testing of Waihi samples from its Monument project delivered gold recoveries of up to 96.99% after a 24‑hour cyanide leach. The tests, which included both weathered saprock and fresh rock composites diluted with waste,...
Thermal Coal Market Update
Thermal coal prices surged across all major benchmarks in the first week of June, driven by a confluence of seasonal demand and geopolitical tension. Hot summer weather in the Northern Hemisphere boosted electricity consumption, while unrest in the Middle East...
Forging Supply Chain Resilience Through Lubrication Strategy
Mining operators face logistical bottlenecks, volatile commodity prices and rising efficiency demands, making operational resilience essential. Bel‑Ray, a 80‑year lubrication specialist and Calumet subsidiary, offers a partnership model that designs custom lubrication programs to cut inventory waste and guarantee part...
Miners Urge Gov’t Aid to Challenge China’s Rare Earth Dominance – by Kristie Batten (Mining.com – June 2, 2026)
Western mineral producers warned that government backing will remain essential as they attempt to erode China’s near‑monopoly over rare earths. At the AFR Mining Summit in Perth, executives highlighted decades of market distortion caused by Chinese supply dominance and pricing...
Data Distortions Mask True
💠How Are Data Distortions from Canadian Crude Blending Inflating Both US Oil Demand and Export Numbers? 💠Will Rising Prices and Inflation Push US Oil Demand Flat or Lower in H2 2026? 💠Are Product Inventory Builds Signaling Weak US Demand, or Just Post-Holiday...
High‑grade Gold Found; 30,000 M Drilling Expands Catalyst Potential
Channel sampling at @A2GoldCorp's Blackrock target finds some high-grade #gold, now with another style of mineralization in the broader Castle system. Drilling at Eastside was expanded to 30,000m so lots of potential catalysts ahead, overweight position: https://t.co/VPqi5kN3Xh https://t.co/K9BhQCN0nz
Kuwait's KPC Raises June Sulphur Price to $805/T Fob
Kuwait Petroleum Corporation (KPC) set the June Kuwait Sulphur Price at $805 per tonne FOB, up $40 from May. Freight to Chinese ports is $154‑170 per tonne, pushing delivered CFR costs to roughly $965 per tonne. The price hike reflects...
Q&A: Why Cleantech Might Not Be as Clean as It Seems
Vince Beiser, author of *Power Metal*, warns that the clean‑energy transition relies on critical minerals whose extraction often causes deforestation, water pollution and child labor. He argues that renewable electricity is better than fossil fuels but not truly "clean," emphasizing...
EVelution Energy’s Arizona Cobalt Refinery Lines up Financing From US and Finnish Export Credit Agencies
EVelution Energy secured a non‑binding Letter of Interest from Finland’s export credit agency Finnvera for up to $70 million to finance Metso‑supplied equipment at its planned solar‑powered cobalt refinery in Yuma County, Arizona. The U.S. Export‑Import Bank has also signaled up...
Jack-in-the-Stox: Defense Metals’ Wicheeda Deposit Emerges as Canada’s Most Technically Advanced Rare Earths Project
Defense Metals Corp.’s Wicheeda Rare Earth Project has emerged as the most technically advanced rare‑earth development in North America, thanks to pilot‑scale validation of both flotation and hydrometallurgical processes. The monazite‑synchysite mineralogy yields high‑grade concentrates and a clean mixed REE...
Great Western Starts 3,000m Drilling at Diorama Copper-Gold Target
Great Western Exploration has launched a 3,000 m air‑core drilling campaign at the Diorama copper‑gold target within its Yerrida North Project in Western Australia. This marks the first drilling at Diorama, a prospect situated about 70 km from Sandfire Resources' DeGrussa deposit...
The Strategic Value of USA Rare Earth Investing in France’s Carester
USA Rare Earth announced an investment in France’s Carester, linking its Texas Round Top mining project with Carester’s rare‑earth separation expertise. The partnership aims to create a trans‑Atlantic supply chain that combines U.S. resource development with European advanced processing and...
Azoria Capital’s Tavi Costa Forecasts New Mining Investment Cycle Amid Resource Scarcity
Azoria Capital founder Tavi Costa told the Gold Exchange Podcast that a new investment cycle is emerging, driven by resource scarcity, onshoring policies and improving jurisdiction risk in Latin America. He argues mining stocks are deeply undervalued and poised for...
Rio Tinto Commissions $1.5 B Low‑carbon Aluminum Smelter in Quebec, Adding 160,000 T/Yr Capacity
Rio Tinto has started commissioning its $1.5 billion AP60 aluminum expansion at Complexe Arvida, Quebec, which will lift primary aluminum capacity by 160,000 t per year. The new low‑carbon smelter uses hydro‑powered AP60 technology, cutting emissions to one‑sixth of the industry average...
Saturn Metals Increases Single-Pit Gold Resource to Almost Three-Million Ounces in WA
Saturn Metals announced that its Apollo Hill gold project in Western Australia now holds a measured, indicated and inferred resource of 2.83 million ounces, a 26% increase driven by an additional 590,000 ounces. The higher‑confidence measured and indicated portion grew to...
Ichthys LNG Strike Causes Delay to Taiwan-Bound Cargo
A limited strike at the Inpex‑operated Ichichys LNG plant in Australia delayed the loading of the Pacific Breeze tanker bound for Taiwan. The two‑hour work stoppage caused a 24‑hour departure delay, pushing the vessel’s arrival past its scheduled June 9 window....
Zimbabwe: Weak Enforcement Drives Mercury Use Among Zimbabwe's Artisanal Miners
Zimbabwe has formally pledged to curb mercury use under the Minamata Convention, yet artisanal gold miners in regions like Penhalonga continue to buy and apply the toxic metal without restriction. Open‑air mercury sales and unregulated processing are contaminating local water...
UN ECA Launches Large-Scale Project to Strengthen SADC Critical Minerals Value Chains
The UN Economic Commission for Africa has launched a €15 million (≈$16.3 million) five‑year project to strengthen critical‑minerals value chains across the Southern African Development Community. The programme, running 2026‑2031 in the DRC, Mozambique, Namibia, South Africa, Zambia and Zimbabwe, focuses on...
Aura Energy Targets 2026 FID for Mauritania Uranium Mine Following Deal with "Major" Nuclear Utility
Aura Energy aims to secure a final investment decision for its Tiris uranium project in Mauritania by the end of 2026 after signing a non‑binding memorandum of understanding with an unnamed major international nuclear utility. The MOU covers potential equity...
Critical Metals: A.I., Defense, And The Grid Buildout>
Rare earths and copper have moved from niche commodities to strategic pillars for AI infrastructure, defense modernization, and grid expansion. Prices are staying elevated as China’s dominance exposes supply‑chain fragility and export controls tighten. Building a Western, mine‑to‑magnet supply chain...
49 Metals Targets Large Epithermal System at Gold Mountain Following High-Grade Gold Hit
49 Metals announced a high‑grade gold intercept at its Gold Mountain project in Nevada. The RC hole DRC#9 returned 9.1 m averaging 21.9 g/t Au, including a 27.4 m interval at 8.3 g/t Au. Management believes the intercept represents a feeder structure within a...
Ardea Resources Extends Kalgoorlie Nickel Project DFS Timeline
Ardea Resources announced that the definitive feasibility study (DFS) for its Kalgoorlie Nickel Project’s Goongarrie Hub will be delivered after the June 30 deadline, pushing the draft into 2026. The $98.5 million (≈$65 million USD) study remains fully funded, with about $84.5 million (≈$56 million...
Litchfield Minerals Identifies Thick Copper-Zinc Zones in Phase 3 Drilling at Oonagalabi Project
Litchfield Minerals reported thick copper‑zinc mineralisation from its Phase 3 drill program at the Oonagalabi project in the Northern Territory. The campaign drilled 11 reverse‑circulation holes (1,772 m) and three diamond holes (1,218 m), intersecting a best combined interval of 68.26 m grading 0.62%...
MP Materials Deepens US Ties As Magnet Expansion Reshapes Growth Story
MP Materials announced new domestic contracts with the U.S. Department of Defense and Apple, and is shifting from exporting rare‑earth concentrates to building a U.S. magnet‑manufacturing plant called 10X. The company also entered a joint venture for a rare‑earth refinery...
Monument Mining Posts $22.6M Profit; Q2 Metals Uncovers Record Lithium Grades
Monument Mining announced a Q3 net profit of $22.65 million and a cash pile above $100 million as gold output rose to 11,700 ounces. At the same time, Q2 Metals disclosed multiple wide‑interval lithium intercepts at its Cisco project, reinforcing the deposit’s status...
Dreadnought Resources Reports Final Assays From Resource Extension Drilling at Metzke’s Find
Dreadnought Resources announced final assay results from the last 34 holes of its 57‑hole, 4,800‑metre reverse‑circulation program at the Metzke’s Find prospect in Western Australia. The campaign confirmed a 150‑metre north‑strike extension that remains open both laterally and at depth,...
PMET Resources Reports Multiple LCT Pegmatite Discoveries at Quebec Properties
PMET Resources announced the discovery of multiple lithium‑caesium‑tantalum (LCT) pegmatites across its flagship Shaakichiuwaanaan project and the adjacent Pikwa, Pontois and Pontax properties in Quebec’s Mickel greenstone belt. Surface assays returned up to 2.94% Li₂O, 16.43% Cs₂O and 3,768 ppm Ta₂O₅,...
Why Another Oil Spike Isn’t Off the Table
The author updates his earlier analysis that a new oil price spike remains possible, citing fresh price rebounds after a late‑May pullback. Both WTI and Brent futures are still forming classic triangle continuation patterns, with resistance zones around $112‑$120 for...
MP Materials Vs. USA Rare Earth: Investors Scrutinize Domestic Rare‑Earth Playbooks
Investors are weighing MP Materials (MP) against USA Rare Earth (USAR) as the U.S. pushes for a home‑grown rare‑earth supply chain. MP posted $275.5 million in FY 2025 revenue but a $85.9 million loss, while USAR logged $1.6 million revenue and a $297.6 million loss,...
War on Iran Fuels Oil Surge to $94
Crude oil (WTI) jumped to $94 a barrel today. US-Israeli war on Iran is WREAKING HAVOC and SUPERCHARGING A COMMODITIES SUPERCYCLE. https://t.co/a0VHfTkeWB