WATCH: FLNG Mooring System Slides in Place Offshore Congo
France’s marine contractor Geocean, together with China’s Wison New Energies, has completed the installation of a floating LNG (FLNG) mooring system in the Marine XII block off Congo’s Pointe Noire. The operation placed driven anchor piles, a submerged swivel and yoke, and a flexible riser in 33 metres of water, making the infrastructure fully operational. The Nguya FLNG unit began its first cargo in February 2026, joining the earlier‑deployed FLNG Tango and bringing the Congo LNG project’s total liquefaction capacity to 3 mtpa (about 4.5 billion m³ of gas per year).
U.S. Great Lakes Shipping Stands Still Due to Ice Conditions, Lack of Icebreakers
U.S.-flagged Great Lakes freighters are immobilized in the St. Marys River and Whitefish Bay after the Soo Locks opened, as ice up to two feet thick—covered by three feet of snow—blocks passage. The sole U.S. heavy icebreaker, the Coast Guard cutter...
Minerals Council CEO Reiterates Need for Coordinated Cross-Govt Policy Environment
Minerals Council South Africa CEO Mzila Mthenjane urged a coordinated cross‑government policy framework and a revival of exploration confidence to meet soaring global demand for energy metals. He highlighted South Africa’s declining mining output—11 % lower than in 1994 and a...
Paragon to Address BC Exploration Restrictions with Combined PhotonAssay, Veracio Lab Offering
Paragon Advanced Labs has launched a combined laboratory service in British Columbia that merges PhotonAssay’s rapid, non‑destructive gold analysis with Veracio’s high‑energy whole‑rock scanning. The integrated workflow delivers geochemical results in days rather than weeks, allowing exploration teams to adjust...
New Joint Project Aims to Bring Subsea Chemical Storage Technology to Deployment
Oilfield services firm NOV has launched a joint industry project with Equinor and Petrobras to qualify a subsea chemical storage unit up to 200 m³ for field deployment. The initiative aims to cut topside footprint, reduce vessel usage, and support long...
Atlantic Nickel Announces First Blast at Santa Rita Underground Mine Access Portal
Atlantic Nickel, together with Appian Capital Advisory, has kicked off underground development at Brazil's Santa Rita mine with an inaugural blast that opened the first access portal. The project, employing sublevel caving, targets an annual output of roughly 30,000 tonnes...
PRIO Brings Second Wahoo Well Online Off Brazil
Brazilian independent producer PRIO has placed a second well at its offshore Wahoo field into production, delivering a stable output of 12,000 barrels of oil per day. The company plans to bring the third and fourth wells online and adjust...
Third Train on the Cards for LNG Project, Unleashing More Australian Gas
Japan’s Inpex and U.S. firm Formentera have formed a joint venture to develop the Beetaloo Basin’s shale gas, acquiring 68,000 net acres for $208 million with an option for up to 75,000 more acres at $266‑$411 million. The partnership will feed a...
Cleanova Boosts Seawater Injection Capacity on Gulf of Mexico Platform
Cleanova upgraded an existing seawater filtration system on a Gulf of Mexico oil platform, boosting injection capacity by nearly 50% without halting production. The company replaced original filter elements with its CleanMax high‑flow cartridges, improving flow rates and biofouling resistance....
How Uranium Will Help Power the AI Revolution
Uranium is emerging as a strategic pillar of the global energy transition as AI data centers drive unprecedented electricity demand. Tech giants like Google, Microsoft and Amazon are directly funding nuclear projects and small modular reactors, creating a new demand...
Europa Oil & Gas Secures License Extension Off Ireland
Europa Oil & Gas received Irish government approval to extend its FEL 4/19 license until January 2028, providing additional time for technical studies and partner outreach. The license covers the Inishkea West gas prospect, estimated at roughly 1.5 trillion cubic feet of low‑risk gas....
The Tech Download: How Russia Could Profit From Iran War Helium Supply Chain Disruption in the Chip Sector
The Iran‑U.S. conflict has halted Qatar’s helium output, wiping out roughly a third of global supply. With Qatar accounting for over 30% of the market, helium prices have spiked, prompting semiconductor makers to seek alternative sources. Russia, the world’s third‑largest...
Antofagasta PLC – Copper Growth Delivery Going Hand in Hand with Innovation
Antofagasta PLC highlighted how its 2025 innovation program is driving copper growth and operational efficiency. Deployments include autonomous truck fleets at Centinela, AI‑powered SIRO platforms boosting SAG mill availability to 94.4% and recoveries, and a trolley‑assist trial with Komatsu and...
Eni Exits Consortium for Oil and Gas Exploration Offshore Israel
Italian energy major Eni announced its withdrawal from a three‑partner consortium seeking offshore natural‑gas exploration licenses in Israel. The group, which also includes Dana Petroleum and Ratio Energies, had been awarded six prospective licenses in Cluster G during Israel’s fourth offshore...
Libya’s NOC and Chevron Agree Study Offshore Libya
Libya’s National Oil Corporation signed a memorandum of understanding with Chevron to conduct a technical study of offshore Block NC146, an unexplored area that recent geological data suggests is promising. The study will evaluate the block’s discovery potential, aiming to add...
Etu Energias to Acquire Azule Energy’s Stakes in Angola’s Offshore Blocks
Portuguese‑based Etu Energias has signed a sale‑and‑purchase agreement to acquire Azule Energy’s 20% stake in Block 14 and 10% stake in Block 14K, offshore Angola. The deal, valued at up to $310 million including $115 million in contingent payments, replaces a previously aborted consortium...
Go-Ahead for North Sea Drilling Ops with Saipem’s Rig
Norwegian authorities have approved Aker BP to commence exploration drilling on the Norwegian Continental Shelf using Saipem’s Scarabeo 8 semi‑submersible rig. The consent covers well 36/4‑2 in block 36/4 under production licence 1153, which runs until 2030, and a pilot hole 35/10‑U‑1 in licence 1182S...
EACON’s Autonomy Deployed on 120 Battery-Electric Trucks at Zhundong Mine
EACON’s ORCASTRA® autonomous haulage system is now running on 120 Tonly TLE138 battery‑electric trucks at China’s Zhundong open‑pit coal mine, creating one of the world’s largest single‑site electric fleets. The trucks, each with a 90‑ton payload, have collectively logged more...
Gold Prices Bounce Back After Morning Drop
Vietnam's Saigon Jewelry Company saw its gold‑bar price rebound 0.59% to VND 171.6 million (≈$6,517) per tael after a morning dip, while gold‑ring prices also edged higher. Globally, spot gold surged 2% to $4,466 per ounce, driven by a softer U.S. dollar...
Coal India to Spend ₹3,300 Crore for New Coking Coal Washeries
Coal India announced a ₹3,300 crore ($398 million) investment to build eight new coking‑coal washeries, adding 21.5 million tonnes per year of washing capacity by FY30. The plan includes a ₹300 crore ($36 million) upgrade of existing facilities and leverages Tata Steel’s technical expertise. Combined with...
US Takes Stake in Graphite Miner Syrah Resources
The U.S. International Development Finance Corporation is converting a $31 million loan into roughly a 20 percent equity stake in Australian graphite miner Syrah Resources, making it the agency’s second‑largest shareholder. An additional $15 million will be disbursed to Syrah’s Balama mine in...
Barry FitzGerald: Looking for Upside in the Oil Crisis? Find It in ASX Lithium Stocks
A surge in petrol and diesel prices caused by the Strait of Hormuz blockade is creating a tailwind for lithium demand, especially from electric‑vehicle (EV) buyers seeking to avoid record fuel costs. Macquarie’s research now expects the global lithium market...
Gold Digger: Is Gold Losing Its Cool?
Gold’s spot price has slumped 17.5% to $4,456 per ounce, pushing the metal into a technical bear market after peaking at $5,405 in January. The broader miner index (GDX) has underperformed even more, falling 28.9% since the Iran conflict began,...
ASX Runners of the Week: Killi, Amplia, NuEnergy and 4D Medical
Killi Resources surged 304% after appointing former Fortescue chief Nev Power as non‑executive chair, raising $1.4 million and winning a Queensland CEI grant for drilling at Mt Rawdon West. Amplia Therapeutics more than doubled its price, reporting a 7.8% complete‑response rate in...
Norden Moves Into Ice-Class with LKAB Deal and Newbuild Order
Denmark‑based shipping group Norden is entering the ice‑class market by securing a long‑term cargo contract with Swedish miner LKAB and ordering two new multipurpose vessels. The 10‑year contract covers bentonite shipments from Greece to northern Sweden, prompting Norden to commission...
Stronger Output Boosts Benguet Corp.’s Profit to P760M in 2025
Benguet Corp. posted a 74% jump in net income for 2025, reaching ₱760 million (about $13.8 million). Revenue climbed 38% to ₱3.31 billion (~$60 million), driven by stronger gold and nickel output and higher commodity prices. The company also reported basic earnings per share...
FIN Reels in Big Sulphide Hit as It Chases Gold in Cabin Lake Drilling
FIN Resources reported that its first drill hole at the Cabin Lake project in the Northwest Territories intersected a 38.37‑metre interval of sulphide mineralisation, primarily pyrite with some pyrrhotite, from 14.55 m to 52.92 m depth. The visual hit matches historic Arrow...
Unity Strikes High-Grade Gold, Eyes Okvau-Style Mineralisation in First Look at Ngot
Unity Metals reported high‑grade gold intercepts from the first six holes of its maiden ~50‑hole diamond drill program at the Ngot Project in Cambodia. Notable assays include 0.5 m at 18.4 g/t Au, 1 m at 21.8 g/t Au, and a 0.4 m interval grading...
Star Minerals Clears the Road to Gold Mining at Tumblegum South
Star Minerals completed a 124‑hole grade‑control drill program at its Tumblegum South project in Western Australia, confirming high‑grade continuity with assays such as 9 m at 5.57 g/t gold, including 3 m at 14.54 g/t. The drill results underpin a 45,000‑ounce contained gold resource...
Exploration Round-Up: Legacy’s Greenfields Gold Discovery
Legacy Minerals announced a greenfield gold discovery at its Mascotte prospect, intersecting 40 m at 1.0 g/t gold in the first diamond hole, outside the current Mt Carrington resource. Kalamazoo Resources reported that Phase 1 drilling at Mt Olympus in Western Australia confirms the gold...
Australia Poised as ‘Global Resource Rising Star’ in Electrified World: IEA Chief
International Energy Agency chief Fatih Birol said Australia is becoming a "global resource rising star" thanks to its extensive reserves of LNG, lithium, copper, cobalt and uranium. He highlighted that the country's mineral wealth positions it to supply both traditional...
4 Months After DRC Mine Spill, Residents Remain Impacted
On Nov. 4, 2025 a wastewater spill from Congo Dongfang International Mining’s copper‑cobalt plant flooded Lubumbashi neighborhoods, contaminating crops, drinking water and causing health problems. The DRC government announced a $6 million compensation package and health assistance, but victims and human‑rights groups argue...
This Star Geo Wants You to Forget Everything You’ve Heard About Early Stage Exploration
Veteran geologist Steve Beresford argues early‑stage exploration is actually low risk and urges investors to stop fearing it, especially as junior miners chase world‑class copper and other discoveries. Australian juniors sit on a record‑high cash pile of roughly $7.9 billion USD and...
Maran Gas Doubles Down with Fresh LNG Carrier Order
Greek carrier Maran Gas Maritime has placed an order with South Korea’s Hanwha Ocean for two new LNG carriers, each with a capacity of 174,000 cubic metres. The contract, valued at roughly $505 million, targets delivery in May 2029. This order...
Saga Metals Acquires Titanium Property From Rio Tinto
Saga Metals has purchased the 64.5 km² Garneau titanium prospect from Rio Tinto’s Canadian arm for an exploration spend of about $317,000 USD, with Rio retaining a 2% NSR royalty and reimbursing $44,000. The property sits within Quebec’s Havre‑Saint‑Pierre anorthosite complex,...
Domestic Production Capacity of Rare Earth Permanent Magnets to Reach 5,000 Tonnes by 2030: Govt
India aims to boost domestic rare‑earth permanent magnet output to 5,000 tonnes by 2030, up from a current 4,000‑tonne demand that is expected to double. A pilot neodymium‑iron‑boron project and a new samarium‑cobalt plant in Visakhapatnam, initially producing 500 tonnes,...
The Iran War Has Already Unleashed a $25 Billion Energy Repair Bill
The ongoing Iran conflict has already generated an estimated $25 billion in energy‑sector repair costs, according to industry analysts. Damage to key oil refineries, pipelines and the strategic Kharg Island hub is forcing Iran to divert resources toward emergency reconstruction. The...
Oil Price Surge Is Hurting African Economies: Scholars in Ethiopia, Kenya, Nigeria, Senegal, and South Africa Take Stock
Oil prices surged above $100 a barrel after the United States and Israel attacked Iran, prompting Tehran to close the Strait of Hormuz, which carries roughly 20% of global oil. The disruption has sent fuel costs soaring across Africa, prompting...
Rosatom and Brazil's NBEPar Launch Joint Venture for Critical Minerals Extraction
Rosatom and Brazil's private holding NBEPar have created a joint venture, Nadina Minerals, to extract and process critical minerals in Brazil. The JV will focus on uranium and other high‑technology metals, targeting deposits in Paraná's Figueira region and Bahia's Caculé....
New Zealand Receives Application for Canterbury Hydrocarbon Prospecting
New Zealand’s regulator has received a prospecting permit application from domestic firm CBX Energy Ltd to explore hydrocarbons in the offshore Canterbury Basin, the first such request since the 2018 exploration ban was lifted in late 2025. The government opened...
Independence Gold Outlines B.C. Project Exploration Plan, Shares Rise
Independence Gold Corp. (TSXV: IGO) has launched a up‑to‑10,000‑metre diamond drill program at its wholly‑owned 3Ts gold‑silver project in central British Columbia, roughly 185 km southwest of Prince George. The program follows a Q4 2025 resource update that added the Tommy...
Report Suggests Alberta Could Sit on $1 Trillion Lithium Goldmine
Alberta sits atop an estimated 82.5 million tonnes of lithium‑carbonate‑equivalent, a resource valued at over US$1 trillion and enough to supply batteries for more than 10 billion electric vehicles. The province is developing direct lithium extraction (DLE) technology that repurposes oil‑and‑gas drilling expertise...
Gold Strong, but Juniors Must Deliver, Haywood Says
Gold’s rally to roughly $5,600 per ounce has lifted junior miners, but Haywood Securities warns that the next phase will reward only those with funded drill plans and clear catalysts. The firm’s latest quarterly report adds eight explorers to its...
B2Gold’s Goose Area Keeps Laying Bonanza Eggs
B2Gold reported striking drill results at its Llama deposit in Nunavut, including a 13.7‑metre intercept grading 41.95 g/t gold and a 38.2‑metre intercept at 17.95 g/t. The company’s 2025 exploration program, backed by $46 million in 2026 spending, expands the Back River district’s...
Final Production at Rio Tinto’s Diavik Diamond Mine
Rio Tinto’s Diavik diamond mine in Canada celebrated its final day of production after 23 years, having extracted more than 150 million carats of rough diamonds. The mine, which operated both open‑pit and underground methods beneath Lac de Gras, will cease...
Rio Tinto Targets Mid-2030s for Arizona Copper Mine Opening
Rio Tinto has launched a $500 million drilling program at previously inaccessible zones of its Resolution Copper project in Arizona, targeting mine start‑up by the mid‑2030s. The mine is projected to yield more than 18 million tonnes of copper over its life,...
Byrnecut Gives Sandvik Its Largest AutoMine Rollout Yet
Sandvik has secured five new AutoMine automation orders from Byrnecut, the world’s largest underground mining contractor. The contracts cover underground sites in Australia and Namibia, marking Sandvik’s biggest rollout for Byrnecut to date. The AutoMine Multi‑Lite system will enable loaders...
Are We Ready to Mine the Moon?
Interlune, a lunar‑resource startup, announced that its first customers are ready to purchase helium‑3 extracted from the Moon. Helium‑3 is touted as a fuel for next‑generation nuclear fusion reactors that produce no long‑lived radioactive waste. The company highlights the technical...
RANKED: World’s Top 20 Largest Gold Mines
The latest ranking of the world’s 20 largest gold mines shows Nevada Gold Mines retaining the top spot with 2,595 koz in 2025, while production at several sites shifted dramatically amid market volatility. Gold prices surged to a record $5,600 per...
