Bouri Gas Project Modules Sail for Installation Offshore Libya
Mellitah Oil and Gas announced that fabrication of the Bouri Gas Utilization Project modules is 69% complete, surpassing the 62% target. The offshore development, a joint venture between Libya’s National Oil Corporation and Italy’s Eni, aims to start production in September 2026 with a capacity of 125 million cubic feet per day and zero flaring. A cargo vessel departed Ravenna, Italy, and is expected to arrive at the Bouri field within ten days to begin installation on Platforms 3 and 4. The $1.565 billion contract, awarded to Saipem, has already seen $928 million spent through December 2025.
Soaring Metal Prices Give Sibanye-Stillwater Stellar Start to 2026
Sibanye-Stillwater’s March‑quarter adjusted EBITDA surged 371% to R19.4bn (~$1.0bn) driven by record‑high gold and platinum prices, despite flat production and higher costs. Platinum output rose 2% to 11,920 kg at an AISC of R24,629/oz (~$1,300/oz), generating R12.4bn EBITDA, while gold output...
Resources Top 5: Caprice Soars 67% on Bonanza Gold, Redcastle Closes in on Production
Caprice Resources announced a bonanza‑grade gold intercept at its Island project in Western Australia, with a 22‑metre section averaging 66.2 g/t Au and an 8‑metre zone of 181 g/t, sending the stock up 67%. Redcastle Resources secured a Mining Development and Closure...
Tanzania: Tanzania Banks On Airborne Geophysical Survey to Reduce Risk in Financing Its Mining Projects
The Tanzanian government announced that it has secured funding for an airborne geophysical survey designed to reduce financing risk for mining projects, targeting roughly 30% completion by 2030. The initiative was presented at a Mining Project Finance De‑risking Workshop organized...
Philippi-Hagenbuch’s Says Custom-Engineered Solutions Maximise Efficiency for Autonomous Haul Trucks
Philippi-Hagenbuch Inc., a specialist in off‑highway haul‑truck customization, announced that all its engineered solutions are now autonomous‑ready, allowing seamless integration with driverless trucks. The company’s portfolio—including Autogate® tailgates, HiVol® bodies, HiVol water tanks, and Rear Eject bodies—can be tailored to...
Ship Recycling’s Ambition Problem
Captain Soumitro Roy argues that the Hong Kong Convention (HKC) compliance, while an improvement over beaching, is being treated as the final solution for ship recycling. He warns that this mindset locks the industry into a compromised model that still...
Dingo Range Works Approval Granted
Emerald Resources has received works approval to construct a processing plant, power station, tailings storage facility and ancillary infrastructure at the Dingo Range gold project in Western Australia. The approval also clears the way for Metso’s semi‑autogenous grinding (SAG) mills,...
Metro Happy to Have Ikamba Back Home
Metro Mining announced that its offshore floating transhipment terminal Ikamba has returned from dry‑docking in Batam, restoring full transhipping capacity at the Bauxite Hills mine in Cape York. The reinstated capacity coincides with a 33% year‑on‑year increase in April bauxite...
Beyond Electrification: India’s EV Push Hinges on Power Storage, Critical Minerals, and Grid Readiness
At the Maharashtra Business Summit 2026, Indian policymakers and industry leaders warned that the country’s electric‑vehicle ambition hinges on three pillars: secure critical minerals, large‑scale energy storage, and a grid capable of handling renewable intermittency. The government unveiled a ₹34,000 crore...
Norway Takes Control of Europe’s Largest Rare Earth Deposit
The Norwegian government has taken over zoning and development approvals for the Fen Carbonatite Complex, Europe’s largest rare‑earth deposit. A recent resource upgrade raised the estimate to 15.9 million tonnes of rare‑earth oxides, an 81% jump. About 19% of the resource...
Askari Metals Identifies Continuous Mineralisation in Phase 1 Trenching at Uis Project
Askari Metals reported continuous polymetallic mineralisation across a 260‑metre surface exposure at the PS pegmatite within its Uis project in Namibia. Phase 1 trenching returned peak grades of 6,670 ppm tin, 0.49% lithium oxide, 465 ppm tantalum, 2,020 ppm rubidium and 134 ppm caesium. These...
Real Zero Means Not Having to Worry About Despots, Oligarchs, Fruitcakes and Invaders, Says Forrest
Andrew Forrest is accelerating Fortescue Metals' drive to eliminate diesel use, targeting "real zero" emissions by 2030 and a fully renewable power grid by 2025. The plan replaces 700 million litres of diesel—costing about $0.8 billion USD each year—with electric haul trucks,...
Axel REE Drilling Confirms Ionic Clay Rare Earth System at Woolrich Deposit
Axel REE announced that drilling at its Woolrich deposit in Brazil has confirmed a 20 km² ionic‑clay rare‑earth system with thick, shallow mineralisation. The campaign produced standout assays, including an 8,517 ppm TREO intercept rich in dysprosium‑terbium and yttrium, and supports conversion...
Final Rosewood East Assays Set PTR up for Maiden Titanium Resource
PTR Minerals reported the final assay results from its Rosewood East drilling program, highlighting a 9‑metre interval grading 18.2% heavy minerals from 8 m depth and a 21‑metre interval at 8.7% HM from 3 m. The results confirm shallow, thick, high‑grade titanium...
Resolution Minerals Reports High Recoveries From Testing of Lower-Grade Antimony Ridge Samples
Resolution Minerals announced that a 15 kg lower‑grade Antimony Ridge sample yielded near‑complete stibnite recovery, with IMO Labs reporting a 99.5% sulphur recovery from material containing less than 10% antimony. The result follows earlier tests that produced 99.38% antimony trioxide from...
Hindustan Zinc to Focus on Critical Mineral Production
Hindustan Zinc announced a strategic shift from a zinc‑silver focus to a diversified platform targeting critical minerals such as tungsten, potash, rare earth elements and halite. The company has secured auction blocks for these resources and is investing in technology...
Austral Resources Returns 15.98% Copper Grades From Drilling at Cameron River’s Snow Queen Prospect
Austral Resources (ASX: AR1) announced drilling results from the Snow Queen prospect that include a 10‑metre interval grading 7.52% copper, with a standout 4‑metre section at 15.98% copper. The high‑grade intercept confirms a breccia‑controlled mineralised corridor along the Hardway Granite...
'It Will Take National Resolve' To Grow Canada's Oil Exports: Suncor CEO as Producer's Profit Tops $2B
Suncor Energy reported a first‑quarter profit of $2.1 billion, a 24% increase year‑over‑year, driven by record refined fuel sales and higher crude prices. Adjusted funds from operations rose to $4 billion, up from $3.05 billion a year earlier, while upstream production hit a...
Advance Metals Commences Maiden Drilling Campaign at Gavilanes Silver Project
Advance Metals has launched a 4,500‑metre maiden diamond drilling program at its Gavilanes silver project in Mexico, focusing on down‑dip and strike extensions of high‑grade mineralisation. The campaign targets the El Nopal, La Cruz and La Tuna prospects, which could add to the...
Natural Resource Partners LP (NRP) Q1 2026 Earnings Call Transcript
Natural Resource Partners reported $42 million of free cash flow in 2025 and $190 million over the trailing twelve months, while retiring nearly $130 million of debt, leaving $70 million outstanding. The partnership highlighted continued pressure on its core commodities—metallurgical...
Oil Futures Markets Still Too Complacent About Supply Shock
Oil futures are trading $20‑$30 per barrel below physical spot prices as the Strait of Hormuz remains closed, underscoring a market underestimation of the ongoing Middle East supply shock. Physical grades like Forties, Troll, Cabinda and Sverdrup have surged to...
Gold Royalty Corp (GROY) Q1 2026 Earnings Call Transcript
Osisko Gold Royalties reported a strong Q1 2021, delivering nearly 20,000 gold equivalent ounces (GEOs) with a 97% cash margin. Record royalty and stream revenue reached CAD49 million, driving net earnings of CAD10.6 million versus a loss the prior year....
DR Congo’s Cobalt Miners Pivot To Copper Amid Price Crash
The Democratic Republic of Congo is curbing cobalt output and imposing strict export quotas as prices plunge, while redirecting capital toward copper, where demand from AI data centers and electric vehicles is surging. Glencore cut cobalt production by 39% year‑on‑year...
Gold Rises as Trump Touts Progress with Iran and Dollar Falls
Gold prices climbed to about $4,590 an ounce, up roughly 0.8% after President Donald Trump announced "great progress" toward a final Iran agreement. The comment eased inflation concerns, prompting a 0.2% dip in the dollar index and making gold cheaper...
U.S. Oil Can’t Fill the Middle East Supply Hole
U.S. crude exports hit a record 5.2 million barrels per day in early May as Middle East supply disruptions force the United States to act as a “supplier of last resort.” The surge has drawn down the Strategic Petroleum Reserve, emptied...
St George Sets the Stage for Araxá Growth with High-Grade REE and Niobium Hits
St George Mining announced a series of high‑grade rare earth element (REE) and niobium intercepts from its Araxá project in Brazil, including a 43‑metre zone grading 8.02% total rare earth oxides (TREO) and 0.74% Nb₂O₅ from surface. The company completed...
Rising CO2 Levels Accelerate Metal Release in Mine Waste
A new study in Communications Earth & Environment shows that rising atmospheric carbon dioxide dramatically boosts microbial activity in acid mine drainage (AMD) systems, leading to faster acid generation and heightened metal leaching. Global data from 82 sites and lab...
Venezuela’s Oil Rebound Shows Why the Petrodollar Is a Logistics System
Venezuela’s oil exports rose 14 % in April to 1.23 million barrels per day, the highest level since 2018, after U.S. Treasury’s General License 50A reopened legal channels for U.S., Indian and European buyers. The rebound reflects the re‑activation of a complex logistics...
Norway Just Switched on Another Gas Lifeline for Europe
Equinor has brought Norway’s long‑idle Eirin gas field into production, adding roughly 27.6 million barrels of oil‑equivalent of gas to Europe’s supply. The project was approved in early 2023 and began output within three years, costing about NOK 4.5 billion (≈$495 million). By tying...
Aluminum Jumps the Most in Three Weeks as US-Iran Truce Holds
Aluminum surged 2.1% on the London Metal Exchange, marking its strongest intraday gain in three weeks as the US‑Iran cease‑fire held steady. The rally follows heightened geopolitical tension after missile strikes in the Persian Gulf, but officials confirmed the truce...
Competition Bureau Challenges Keyera's Natural Gas Deal, Says It Could Harm Energy Producers
The Competition Bureau has moved to challenge Keyera Corp.'s proposed $5.15 billion acquisition of Plains All American's Canadian natural‑gas‑liquids (NGL) business and select U.S. assets. The bureau argues the deal would shrink competition at the Fort Saskatchewan hub, Canada’s primary NGL...
Exploration Decline Contract Awarded for Sunday Creek
Southern Cross Gold Consolidated Ltd. announced that PYBAR Mining Services Ltd. secured the underground exploration decline contract for its Sunday Creek gold‑antimony project in Victoria. The decline, approved by Resources Victoria in November 2025, will enable underground drilling platforms 115 m...
Mineros S.A. Granted Environmental Certification for Porvenir Project
Mineros S.A., via its Hemco Mineros Nicaragua subsidiary, received an environmental certification from Nicaragua's Attorney General for the Porvenir underground polymetallic project’s processing plant and tailings storage facility. The approval confirms that the plant’s engineered controls meet international GISTM standards...
‘If This Isn’t the Time to Grow:’ Diamondback Lifts 2026 Production, Capex Targets
Diamondback Energy raised its 2026 production guidance by about 3% to a new baseline of 521,000 b/d and increased its capital‑spending target to $3.9 billion. The company will add 2‑3 rigs and a fifth completion crew to accelerate Midland Basin development and...
Global Oil Reserves Plunge at Record Pace as Middle East War Strains Supplies
Global oil inventories shrank by a record‑fast 12 million barrels in a single week, the steepest drawdown since 2020. The ongoing Middle East conflict has knocked roughly 1 million barrels per day of regional output off the market, tightening supplies further. In...
New Episode: Turning Tailings Into Assets, Q&A with Canada’s MICA
The Energy Technology podcast released episode 15, “Turning tailings into assets,” featuring Chamirai Nyabeze, network director at Canada’s Mining Innovation Commercialisation Accelerator (MICA). The conversation examines how declining ore grades, tighter capital discipline, and the push for critical mineral security...
New Episode: Turning Tailings Into Assets, Q&A with Canada’s MICA
The Energy Technology podcast’s latest episode examines how mining companies are re‑evaluating tailings—historically treated as waste—as a potential source of critical minerals. Declining ore grades, tighter capital discipline, and supply‑chain pressures are driving this shift, while emerging technologies such as...
New Episode: Turning Tailings Into Assets, Q&A with Canada’s MICA
The Energy Technology podcast episode examines how declining ore grades and heightened critical‑mineral supply‑chain pressures are prompting miners to treat tailings as a secondary resource. Advances such as bioleaching, advanced sorting and nanotechnology are making metal recovery from waste technically...
Uganda: Ibanda Authorities Suspend Gold Mining Over Wetland Degradation Concerns
Authorities in Uganda’s Ibanda District have suspended gold‑mining operations in Rukiri Sub‑county after a district inspection revealed the activities were proceeding without approval from the natural resources office. The mining, reportedly run by Chinese operators, is accused of degrading the...
Groups Urge BLM To Defer Gas Lease Sales That May Affect Theodore Roosevelt National Park
Conservation and park groups have asked the Bureau of Land Management to postpone four proposed oil and gas lease sales covering 839 acres within 15 miles of Theodore Roosevelt National Park. They argue a full programmatic environmental review is needed...
S&P Global: Oil Markets Face 'Double Depletion'
S&P Global warns that oil markets are entering a ‘double depletion’ phase, where demand is falling while inventories are being drawn down sharply. Global liquids demand in Q2 2026 is projected to be about 5 million barrels per day lower than...
Sun Summit Outlines Plans for Significant Drilling at the JD Project, Toodoggone Mining District, B.C.
Sun Summit Minerals announced a 10,000‑metre drill campaign at its JD Project in British Columbia’s Toodoggone district, slated to start in early June 2026. The program will target the Creek and Finn zones, testing both bulk‑tonnage and high‑grade near‑surface gold‑silver...
Virtus Minerals Advances Chemaf Takeover in DRC with Key Regulatory Review
Virtus Minerals is advancing its $30 million acquisition of Chemaf’s copper‑cobalt assets in the Democratic Republic of Congo, entering a critical regulatory review with the DRC Mining Registry. The review will verify mining rights, contracts and legacy debt of roughly $900 million,...
Will the US Serra Verde Acquisition Help Break China’s Rare Earth Monopoly?
On April 20, USA Rare Earth announced a $2.8 billion acquisition of Brazil’s Serra Verde Group, backed by a $565 million loan from the U.S. International Development Finance Corporation. The deal includes a 15‑year government‑backed offtake vehicle that will channel all of Serra Verde’s rare‑earth ore...
Valaris’ Batch of Rig Deals Lifts Total Contract Backlog to $4.9 Billion
Valaris, the Bermuda‑incorporated offshore drilling contractor, announced a series of new rig contracts and extensions in Brazil, Brunei, Indonesia, and the UK/Danish North Sea, lifting its total contract backlog to about $4.9 billion, up from $4.7 billion in February. The biggest addition...
World Gold Council to Launch Unified Platform for Responsible Mining to Address Various Concerns
The World Gold Council announced it will create a unified platform that consolidates responsible mining standards for gold producers worldwide. The platform will standardize environmental, human‑rights and labor practices and also provide shared infrastructure to link physical gold in vaults...
DHL CEO Flags Jet Fuel Supply Constraints in Asia
DHL Group’s CEO Tobias Meyer warned that jet‑fuel shortages are tightening at several Asian airports, a fallout from the Iran‑related disruption of oil flows through the Strait of Hormuz. While DHL’s major hubs such as Leipzig enjoy reliable fuel supplies,...
Larvotto Identifies Gold-Antimony-Tungsten Deposits at Midas Gully
Larvotto Resources announced an extension of high‑grade gold‑antimony‑tungsten mineralisation at the Midas Gully zone of its Hillgrove Antimony‑Gold Project in New South Wales. Recent drilling from hole BLK115 returned a 13‑metre interval averaging 8.56 g/t gold‑equivalent, including a 1.2‑metre section at...
Thistle Resources Begins Trading on TSX Venture Exchange
Thistle Resources Inc. launched trading on the TSX Venture Exchange at C$0.275 per share, giving it a market capitalization of roughly C$17 million (about US$12.6 million). The junior explorer focuses on precious and critical minerals across five projects in New Brunswick, Cape...
Glencore Zinc Smelter Hit by Deadly Explosion
Glencore’s zinc smelter in Konkola, Zambia suffered a catastrophic explosion that killed at least two workers and injured five others. The blast forced an immediate shutdown of the plant, suspending production of a facility that processes roughly 1.5 million tonnes...