Today's Mining Pulse
Chinese financing fuels a $98 billion mineral power shift
A wave of $98 billion in Chinese financing and heightened U.S. diplomatic activity has thrust critical minerals into the geopolitical spotlight. Resource‑rich nations such as the DRC, Brazil and Zambia are leveraging their mineral wealth to negotiate better terms and assert greater control over strategic industries.
Also developing:
Invictus Energy Finalises Key EIA Renewal Paving Way for Musuma-1 and Mukuyu Programs
Invictus Energy (ASX:IVZ) secured a renewal of its Environmental Impact Assessment for the Cabora Bassa project through March 2027, clearing a key permitting hurdle. The company also expects to sign a Petroleum Production Sharing Agreement in April, creating a transparent fiscal framework for its Zimbabwe operations. With regulatory certainty in place, Invictus will move ahead with the Musuma‑1 drilling campaign and the Mukuyu gas‑field appraisal, while still seeking new funding after the termination of its Al Mansour partnership. Cash on hand stands at roughly $2.98 million USD, giving a runway of about 2.35 quarters.
SLB OneSubsea Lands Gulf of Mexico Subsea Boosting Deal
SLB OneSubsea, a joint venture of SLB, Aker Solutions and Subsea7, secured a contract from Beacon Offshore to supply a high‑pressure, high‑temperature (HPHT) multiphase boosting system for the Shenandoah field in the Gulf of Mexico. The system is engineered to...
Klip's Pre-Deal Share Sale Raises Placement Closure Doubts
“Months of negotiations…” Mr Klip sold shares on market less than a week before signing the deal for TNR Gold $TNR.V and Altius $ALS.TO Look, we can laugh about the buyback talk, anticipating first royalty revenue in weeks, etc when you are...
2026 Company Reports File
Daily Gold released a premium report on April 9, 2026, linking to two key stories. The first examines a healthy correction in gold prices, arguing the bull market may still be in its early stages. The second details G Mining...
Alkane Boosts Cash on Back of Strong Tomingley Performance
Alkane Resources posted a robust March 2026 quarter, producing 45,776 oz gold‑equivalent and lifting cash and bullion by roughly $86 million USD to end the period with about $239 million USD. The Tomingley mine contributed 21,652 oz Au, accounting for nearly half of total output,...
Benz Expands Hurricane Camp with New High-Grade Gold Corridor
Benz Mining announced that maiden drilling at its Western Australian Hurricane Camp has identified a new high‑grade gold corridor extending roughly 1 km. The drill program returned several notable intercepts, including 11 m at 6.4 g/t Au and 2 m at 19.1 g/t Au, confirming...
Resolution Minerals Models Large Antimony-Silver Vein System Across Antimony Ridge
Resolution Minerals used three‑dimensional modelling to delineate more than 100 high‑grade antimony‑silver veins across 30 vein swarms within a 1,000 m × 700 m corridor at Antimony Ridge, Idaho. The veins reach up to 100 m strike length and 1 m true thickness, averaging 39% antimony,...
Venezuelan Lawmakers Approve Sweeping Mining Bill to Entice Wary Foreign Investors
Venezuelan lawmakers approved a comprehensive mining reform bill aimed at attracting foreign investors to a sector long plagued by criminal exploitation and state seizures. The legislation categorizes mining operations into small, medium and large scales, introduces independent arbitration, and bans...
Deep-Sea Mining Rules Stall Despite Mounting Urgency
Commercial deep‑sea mining is poised to begin, but the International Seabed Authority (ISA) still lacks a finalized mining code to govern extraction. ISA Secretary‑General Leticia Carvalho urged completion of the rules by year‑end, yet the March meeting ended without a...
Peak Oil Makes Conflict Over Cheap Fuel Inevitable
It is not good to have your cities built around a substance that is dependent on the Middle East not having wars Global oil has peaked. Now all we can do is fight over less and less available cheap oil, and...
Saudi Arabia Holds 31 Million Barrels on Western Coast
As of today, Saudi Arabia has 31 mb of crude in storage on its Western cost. (Kpler data)
Standard Chartered: Oil Price Correction Is Likely Overdone
Standard Chartered warns that the recent oil‑price correction may be too deep, noting Brent crude at $95.57/bbl and WTI at $96.99/bbl after the steepest drop since the Iran war began. The bank’s Q2 forecast still targets Brent around $98 and...
Fortescue Accelerates ‘World’s First’ Green Grid
Fortescue Metals Group is fast‑tracking what it calls the world’s first fully integrated industrial green grid in Western Australia’s Pilbara region. The off‑grid high‑voltage network will combine roughly 1.2 GW of solar, over 600 MW of wind and 4–5 GWh of battery storage...
Where Metals & Miners Stand Now
In mid‑March, heightened Iran tensions triggered a sharp sell‑off in gold and mining stocks, which many analysts deemed an overreaction. The dip pushed gold into deep oversold territory, prompting a swift rebound as the 200‑day moving average stayed intact. Technical...
Historical Drill Results Reveal World-Class Scale of Mont Royal’s Ashram Rare Earth Asset
Mont Royal (ASX: MRZ) has highlighted the massive scale of its newly acquired Ashram rare‑earth deposit in northern Quebec, citing a historic 392.8‑metre drill intercept grading 2.12% REO. The legacy data also includes multiple high‑grade zones, such as 45 m at...
Anthony Margarit of K2 Gold on the Profound Impacts of Mojave’s Positive Record of Decision
The U.S. Bureau of Land Management issued a positive Record of Decision approving K2 Gold’s proposed exploration drilling at the Mojave Project in Inyo County, California. The approval marks the project as one of the most de‑risked exploration efforts in...
Shale Play Pushes Argentina Oil Output To All-Time High
Argentina’s oil output surged to 847,000 barrels per day, a 16% year‑over‑year rise driven by the Vaca Muerta shale play. Production in the Neuquén Basin jumped 30%, positioning the country as Latin America’s fourth‑largest oil producer. The government targets 1 million barrels...
Is the Keystone XL Pipeline Back?
The Bridger Pipeline Expansion proposes a 647‑mile, 36‑inch crude line from the Canadian border through Montana into Wyoming, echoing the route of the defunct Keystone XL. The project would initially move 550,000 barrels per day, with the potential to double capacity...
Europe’s Gas Market Faces a Brutal Storage Refill Season
Europe’s gas market has cooled from March’s three‑year highs, but analysts warn the relief is fleeting. Storage levels sit at just 29% of capacity, well below the 35% benchmark from a year ago, leaving the continent exposed as it races...
The Most Asymmetric Tungsten Play
Tungsten has moved to the forefront of commodity talk after price spikes and tighter Chinese export controls, prompting Western governments to hunt for alternative sources. While Almonty Industries and EQ Resources dominate the public conversation, a lesser‑known small‑cap holds a...
Coal Mine Gets Two Year Extension to Keep Supplying State’s Oldest Coal Generator
The NSW Independent Planning Commission approved a two‑year extension for the underground Chain Valley and Mannering coal mines, keeping them operational until the end of 2029 to supply Vales Point Power Station, the state’s oldest coal generator. The extension avoids...
Iron Bear Clears the Run for Namesake Project with Environmental and Community Baseline Studies Signed Off
Iron Bear Resources has finished baseline environmental and community studies for its Iron Bear project in the Labrador Trough, establishing the data foundation for a forthcoming pre‑feasibility study. The work, carried out by Sikumiut, Transfert Environnement et Société and GHD,...
Mining Boom Just Getting Started, Says Lion Selection Group’s Hedley Widdup
Lion Selection Group’s managing director Hedley Widdup says the mining rally that began in April 2024 is only at its early stage, with the ASX Resources Index up roughly 70% and capital flowing back into junior explorers. Since 2022 the...
Stephen Gorenstein: Why War Hasn’t Shifted Fundie’s View on Gold and Critical Minerals
Stephen Gorenstein of the SGH Ari Fund says the Iran war and a hawkish Fed chair nomination have rattled gold prices, but his long‑term thesis on gold and critical minerals stays intact. The fund posted a 95.4% gain in calendar...
The Struggle to Diversify Rare Earth Supply Chains
Demand for rare earth magnets has doubled since 2015, and the International Energy Agency projects a 30% increase by 2030. China now controls roughly 60% of mined production, over 90% of refining, and 95% of permanent‑magnet output, creating a single‑source...
Mariana Minerals and Pronto Announce Partnership to Automate Mining Truck Ops at Copper One
Mariana Minerals is integrating Pronto's autonomous haulage system into its MineOS platform at Copper One, the company’s Utah copper mine and refinery. The partnership follows Pronto’s recent acquisition by Atoms, a physical‑AI firm founded by Travis Kalanick. By feeding real‑time...
Attacks Shut Down Key Saudi Energy Facilities, One Killed
🟥🟥🟥Official Source at the Ministry of Energy: Operational Activities Halted at Several Energy Facilities in the Kingdom due to Recent Attacks https://t.co/YhaVlatjkT Riyadh, April 9, 2026, SPA -- An official source at the Ministry of Energy stated that important energy facilities in...
Trump Repeatedly Pledges Uninterrupted U.S. Oil Flow
🗓️ Trump on April 9th: "... Very soon, crude will beging moving..." 🗓️ Trump on March 3rd: "... No matter what, the United States will ensure the free flow of energy..."
Intrepid Potash Sells South Ranch for $70M
Intrepid Potash Inc. announced that its New Mexico subsidiary has signed a $70 million Asset Purchase Agreement with HydroSource Logistics to sell the majority of the Intrepid South Ranch. The deal transfers roughly 21,793 acres of fee land, 27,858 acres of...
Physical Brent Market Stays Robust; Prompt Oil Premiums Soar
The physical Brent market remains very, very strong, even if Dated Brent has come off from its all-time high reached on Tuesday (down around $15). Physical premia for prompt oil (or as my colleague @AlaricN calls it: “ASAP barrels”) are...
Tocvan Expands Beyond the Main Zone with New Discovery and Pilot Mine Momentum
Tocvan Ventures reported a 1,600‑meter step‑out discovery at its Gran Pilar gold‑silver project, confirming district‑scale potential beyond the main zone. The company is launching a 20,000‑meter drill program with two rigs, including a newly added second rig, to test high‑priority...
Soma Gold Submits Permit Application for Nechí Project
Soma Gold Corp has filed a PTO (Permiso de Trabajo de Obra) mining permit for its Nechí underground project in Bolívar, Colombia. The Nechí deposit is slated to deliver 250 metric tons per day of ore to the El Bagre...
Egypt Agrees to Buy Full Output From Cyprus’ Aphrodite Gas Field
Egyptian Natural Gas Holding Co. signed a preliminary agreement to purchase the entire output of Cyprus' Aphrodite offshore gas field once it begins production around 2031. The deal includes a framework to build an offshore transmission system operated by a...
Tin Surge Helps Alphamin to Record Earnings but Fuel Hike Looms
Alphamin posted record earnings for the March quarter, driven by a 30% quarter‑on‑quarter rise in tin prices that lifted EBITDA 48% to $158 million and generated $128 million of cash. All‑in sustaining costs climbed 7% to $17,968 per ton due to higher...
Aluminum Stocks Extend Breakouts Amid Iran War. Alcoa Earnings Due.
Aluminum stocks surged as Iranian missile strikes forced key Middle‑East smelters offline, tightening global supply. JPMorgan projects prices climbing toward $4,000 per ton, fueling earnings optimism for producers such as Alcoa, Kaiser Aluminum, and Indian heavyweights Hindalco and Vedanta. Alcoa’s...
Argentina Approves Milei’s Bill that Eases Protections for Glaciers Despite Environmental Backlash
Argentina’s Congress approved President Javier Milei’s bill loosening glacier protections to enable mining investments. The legislation passed 137‑111‑3 and could unlock more than $30 billion over the next decade, primarily for copper, gold and silver projects. Protection is now limited to glaciers...
Solaris Secures EIA Technical Approval and Further Strengthens the Balance Sheet
Solaris Resources announced that the Environmental Impact Assessment for its Warintza copper‑porphyry project in Ecuador has received technical approval, a key permitting milestone that markedly de‑risks the development. The approval unlocks the second $50 million tranche of a $200 million financing agreement...
How Northern Ontario Researchers Are Using Bacteria-Powered Tech to Extract Critical Minerals From Mine Waste – by Faith Greco (CBC...
Researchers at Laurentian University's MIRARCO Mining Innovation are scaling a bacteria‑driven bioleaching process in a 10,000‑square‑foot pilot plant in Sudbury, Ontario. The microbes break down legacy mine tailings to liberate nickel, cobalt and copper—key metals for electric‑vehicle batteries. While bioleaching...
RARE EARTHS: Rare Earths Funding Boom Could Cause Longer-Term ‘Glut’ – by Kip Keen (SP Global – April 9, 2026)
A surge of government and private capital is accelerating rare‑earth production outside China, creating a short‑term supply gap but setting the stage for potential oversupply by the 2030s. Analysts say demand growth and security concerns drive current shortages, while massive...
Indigenous Groups Push for Mine Ownership, Not Just Benefits (Canadian Mining Journal – April 9, 2026)
Indigenous communities across Canada are moving from traditional impact benefit agreements toward direct equity ownership in mining and energy projects. A new report by Thunder Bay‑based Waawoono Consultancy argues that equity partnerships generate greater wealth and project stability than fixed‑payment...
Chile Lithium Dispute Tied to Cold War-Era Nukes – by Tom Azzopardi (Mining.com – April 6, 2026)
France’s Eramet and Chile’s state miner ENAMI are taking their dispute over the Salares Altoandinos lithium deposit to court. The project, backed by a $3 billion partnership with Rio Tinto, could produce enough lithium for roughly 1.5 million electric vehicles each year. Eramet...
China’s Copper Import Slump Marks a Shift in Market Power – by Andy Home (Reuters – April 9, 2026)
A two‑week ceasefire in the Iran conflict eased some macro‑economic gloom, but copper prices remain elevated, with the LME three‑month contract peaking at $14,527.50 per metric ton in January. China, the world’s biggest copper consumer, cut its refined copper imports...
China’s Zijin Clears Canadian National Security Review Around Allied Gold Acquisition – by Niall McGee (Globe and Mail – April...
China’s Zijin Gold International has secured approval for its $5.5 billion takeover of Canadian miner Allied Gold after the 45‑day national‑security review window lapsed, effectively granting automatic clearance. The approval removes the last regulatory hurdle, allowing the deal to move toward...
Albemarle Lithium Refinery Closure Gives WA Government a Critical Minerals Reality Check – by Jacqueline Lynch (Australian Broadcasting Corporation –...
Albemarle has suspended operations at its Kemerton lithium refinery in Western Australia, ending four years of processing and cutting hundreds of jobs. The company blamed soaring operating costs and prolonged price volatility for the shutdown. The closure mirrors a broader...
Pacgold Delivers First Gold Production at White Dam
Pacgold Ltd announced maiden gold production at its White Dam project, recovering roughly 2 kg (60 oz) of calcined gold in the first 14 days after a plant recommissioning. The re‑crushing circuit is now processing about 1,500 tons of ore per day, with...
US Lithium Miner to Go Public Following $571M SPAC Deal
Australian miner Jindalee Lithium is creating US Elemental through a $571 million SPAC merger with Constellation Acquisition Corp. I, rolling over its 100% stake in HiTech Minerals. The new Nasdaq‑listed entity (ticker ULIT) will control the McDermitt lithium deposit—21.5 million tonnes of...
Greenland Mines Advances Skaergaard as Critical Minerals Gain Strategic Urgency
Greenland Mines' President Bo Møller Stensgaard discussed the Skaergaard project, highlighting its shift from a gold‑palladium focus to include critical minerals such as vanadium, gallium, titanium and iron. The company is moving from underground to a large‑scale open‑pit mining plan,...
Cameco Poised to Break $120 Resistance Amid Quiet Uranium Sector
$CCJ Daily. Uranium miners been quiet but Cameco shaping up nicely. Trying to break higher from falling channel pattern. Watch back over $120 long to confirm https://t.co/lnHsjzIHhu
Iran Energy Shock Tests Limits of Trump’s Vision of US Energy Dominance
President Trump claims U.S. energy dominance despite Iran’s Strait of Hormuz blockade, yet gasoline prices surged to over $4 per gallon, costing households $8.4 billion in a month. The United States, while a net exporter, still imports roughly 6 million barrels of...
Fox Tungsten Advances the World’s Highest-Grade Tungsten Project with Fully Funded Drill Program
Fox Tungsten Ltd. says its British Columbia project hosts the world’s highest‑grade tungsten resource, averaging about 1% tungsten, comparable to 11 g/t gold. The company secured an $11 million bought‑deal financing and will launch a 20,000‑meter drill program to double historic drilling...