Fortuna Reports 15% Increase YoY in Consolidated Mineral Reserves and Updates Estimate of Sunbird Deposit, Séguéla
Fortuna Mining Corp. announced a 15% year‑over‑year increase in its consolidated proven and probable mineral reserves, now totaling 3.0 million gold‑equivalent ounces after accounting for production depletion. The Sunbird deposit at the Séguéla mine saw underground reserves rise 34% to 539,000 ounces of gold and inferred resources jump 55% to 417,000 ounces, driven by an aggressive infill‑drilling campaign. Diamba Sud’s indicated resources surged 165% to 781,000 ounces, while Lindero’s reserves fell 8% due to mining depletion, prompting further infill drilling. The updates underpin a robust growth outlook across Fortuna’s West Africa and Latin America portfolio.
War Turns Sulphur Market Toxic in Acid Supply Shock
Global seaborne sulphur shipments plunged in March 2026, falling 31% month‑on‑month to 1.5 million tonnes, the sharpest decline in a decade after the Strait of Hormuz was effectively closed. The Gulf, which supplies over half of the world’s sulphur, saw exports...
Firm Selected to Decommission Wells at North Sea Field Inaugurated in 1975
Aberdeen‑based Well‑Safe Solutions has secured a multi‑year contract with Apache North Sea Limited to decommission the historic Forties oil field in the North Sea. The award covers platform and subsea well engineering, project management and offshore delivery, with work slated...
Firebird Battery Making Tech Gets $2M ARENA Grant
Firebird, an Australian battery‑technology startup, received a $2 million grant from the Australian Renewable Energy Agency (ARENA) to build a demonstration plant for its novel process that converts manganese ore directly into high‑purity manganese sulphate monohydrate, a key cathode precursor. By...
The ‘Age of Electricity’ Is Here. No One Knows What Comes Next.
The International Energy Agency and Ember report that 2025 was a watershed year for renewable energy, with solar becoming the largest electricity source and renewables surpassing coal for the first time in a century. China and India drove the shift,...
GSP Resource Secures Five-Year MYAB Drilling Permit in BC
GSP Resource has obtained a five‑year multi‑year area‑based (MYAB) drilling permit for its 185‑hectare Mer Property in British Columbia’s Highland Valley Copper Camp. Recent rock and soil sampling identified a 175 m × 120 m copper anomaly with grades up to 1.02 % Cu, prompting...
Rio2 Initiates TFF Commissioning at Peruvian Copper Mine
Rio2 has started commissioning its new tailings filtration facility (TFF) at the recently acquired Condestable copper mine in Peru. The $27 million, 18‑month construction delivers an 8,400 tonnes‑per‑day dry‑stacking plant that will initially process 43 million tonnes of tailings, with expansion potential to...
MicroVision Attempts 'Lidar 2.0' Comeback
MicroVision, the Redmond‑based lidar specialist, announced that its next‑generation "lidar‑2.0" sensors have moved beyond pilot trials and are now operating in active mining environments. The company, which endured a challenging 2025, highlighted deployments at multiple mine sites in both the...
EU Weighs Dropping Arctic Drilling Opposition
The European Union is reportedly re‑examining its long‑standing opposition to new oil and gas drilling in the Arctic, a stance it has championed since 2021. Internal documents and multiple sources suggest the EU may abandon the proposed international ban, citing...
JHI Steamship Deepens Tanker Push with VLCC Newbuild
Greek shipowner JHI Steamship has placed an order for a 320,000‑dwt VLCC newbuild at South Korea’s Hanwha Ocean, with delivery expected in 2029. The order expands JHI’s ongoing fleet build‑out, which already includes three Aframax/LR2 vessels and two Suezmax tankers...
LHM Transforms Botswana Mine House as FATs Due
LH Marthinusen (LHM), a division of Actom, has finished manufacturing two 30 MVA high‑voltage transformers for a mining house in Botswana. The delivery comes after the existing power infrastructure proved insufficient for the mine’s growing energy needs. LHM’s engineered transformers are...
Gabon Sees PSC Deals with BP, ExxonMobil in Six Months
Gabon’s oil and gas minister announced that the country expects to sign production‑sharing contracts with BP and Exxon Mobil within four to six months. Both majors have already signed non‑binding preliminary agreements to explore offshore blocks along Gabon’s Atlantic coast. The...
Zimbabwe: Mining Authorities Back Freda Rebecca Claim in High Court Filing
The Provincial Mining Director of Mashonaland Central told Zimbabwe's High Court that Freda Rebecca Gold Mine Limited's 1,586‑hectare Mining Lease 21 remains fully valid and exclusive. He noted no record exists of the Mining Affairs Board approving any reduction to the...
Iron Ore Consolidates as Investors Weigh Higher War-Induced Costs Against Rising Supply
Iron ore prices held steady on April 23 as investors weighed higher freight and input costs from the Iran war against a growing supply outlook. The Dalian Commodity Exchange price stayed at 785.5 yuan (≈$115) per ton, while Singapore’s benchmark hovered just...
'It's Not Zero': WAF's Hyde on Kiaka's Sale Price
West African Resources (WAF) is negotiating the sale of a 25% stake in its Kiaka gold mine to the Burkina Faso government for an estimated A$175 million (about $115 million USD). Managing director Richard Hyde emphasized that the price is "not zero,"...
Arika Paves Yellow Brick Road with More Gold After Returning Thick High-Grade Results
Arika Resources announced new drill results from its Yundamindra gold project in Western Australia, extending high‑grade mineralisation along the "Yellow Brick Road" corridor. Intercepts at the F1 structure include 57 m at 1.42 g/t Au, 29 m at 1.50 g/t Au and a 13 m...
Can Chile Turn Its Mining Waste Into a New Source of Minerals?
Chile is evaluating its 836 mining tailings deposits as a source of critical minerals such as cobalt and rare earth elements, which are essential for electric vehicles and renewable‑energy technologies. Researchers highlight the technical promise of circular mining but warn...
Firebird Metals Awarded $2m Grant to Advance Manganese-to-Cathode Processing Technology and Demo Plant
Firebird Metals has secured a $2 million grant from the Australian Renewable Energy Agency to accelerate its manganese‑to‑cathode processing technology and build a demonstration plant in Perth. The integrated process will convert raw manganese ore directly into lithium‑manganese‑iron‑phosphate (LMFP) cathode material,...
Litchfield Minerals Records Strong Early Results From Silver Valley Sampling as Oonagalabi Drilling Completed
Litchfield Minerals (ASX:LMS) has completed an 11‑hole reverse‑circulation and three‑hole diamond drilling campaign at its Oonagalabi copper‑zinc project, with all samples now in the lab. Concurrently, rock‑chip sampling at the nearby Silver Valley project returned exceptionally high grades, including 378 g/t...
New Murchison Gold Bolsters Underground Plans with Deepest High-Grade Intercept at Crown Prince Pit
New Murchison Gold (ASX:NMG) announced its deepest high‑grade gold intercept at the Crown Prince project, logging 3.2 m at 48.9 g/t Au from 330 m, including a 0.35 m section at 345.5 g/t Au. The find lies 190 m below the main pit base and outside...
Barton Gold Commences Resource Upgrade Drilling Campaign at Tunkillia Project
Barton Gold (ASX:BGD) has kicked off a 3,000‑metre diamond drilling campaign at its Tunkillia gold project in South Australia, complementing a Phase 2 plan of 30,000 metres of reverse‑circulation drilling to push remaining open‑pit mineralisation into the Indicated category. The earlier Phase 1...
True North Copper Chases More Rewards at Mt Oxide
Australian miner True North Copper has begun an 11‑kilometre induced‑polarisation (IP) survey across its Mt Oxide project in northwest Queensland. The program aims to extend the high‑grade Aquila discovery—where a 7‑metre intercept returned 7.9% copper in 2025—and to rank new...
Teck Resources Ltd (TECK) Q1 2026 Earnings Call Transcript
Alcoa reported first‑quarter 2026 revenue of $3.2 billion, a 7% sequential decline, while net income more than doubled to $425 million, driven by higher aluminum prices and a marked earnings‑per‑share increase to $1.60. The aluminum segment posted a $174 million EBITDA boost, offset...
How a Faster Protein-Screening Tool Could Strengthen US Rare-Earth Supply Chains
Lawrence Livermore National Laboratory unveiled SpyCI‑LAMBS, a high‑throughput assay that screens bacterial lanmodulin proteins for rare‑earth element binding in weeks instead of years. The method captured data on 600 protein variants in a single month, revealing eight distinct clusters with...
Photocatalytic Filtration Enables Sustainable Mining Water Recycling
Researchers have created a photocatalytic‑biological membrane that eliminates 96.66% of organic pollutants from mining wastewater, enabling its reuse for underground backfilling. The modified PVDF filter, coated with TiO₂ and Fe(OH)₃, achieves a water flux of 551.65 L·m⁻²·h⁻¹ and extends cleaning intervals...
Explorers Podcast: Bindi Metals Lines up Maiden Drill Test at Serbian Gold Play
Bindi Metals (ASX:BIM) is preparing a maiden 2,000‑metre drill campaign at its recently acquired Ravni gold project in southwestern Serbia. Surface work has already returned high‑grade results, including a 6‑metre interval grading 15 g/t gold and rock‑chip assays as high as...
West Coast Silver Stacks up 2.8Moz Maiden Elizabeth Hill Resource
West Coast Silver announced a maiden 2.8 Moz silver resource at Elizabeth Hill, comprising 141,000 t at 617 g/t, positioning the deposit among Australia’s highest‑grade silver projects. Of the total, 369,000 oz are classified as Indicated, while 2.4 Moz remain Inferred. An optimised 200 m × 180 m × 130 m open...
Canada’s Gold Sector Fires up Amidst M&A and Frontier Potential
Canada’s gold sector is experiencing a wave of mergers and acquisitions as global miners chase production growth. In March, Coeur Mining completed a $7 bn purchase of New Gold, while Fresnillo spent $560 m on Probe Gold and Gold Fields is scouting...
How Much Rare Earths Does an F-35 Really Contain?
The long‑cited claim that each F‑35 Lightning II contains about 920 lb (≈417 kg) of rare‑earth elements stems from a single, unreleased 2012 Department of Defense study and has never been substantiated. Inspector General reports later flagged the underlying data as unreliable,...
Stronger for Longer Pricing Sets up Tungsten Juniors for Development
Tungsten prices have surged to $3,185 per tonne, up about 350% year‑to‑date, as demand from defence, industrial and strategic stockpiling outpaces a limited new‑mine pipeline. Canaccord Genuity’s seventh Junior Book spotlights five emerging explorers—American Tungsten & Antimony, Viking Mines, Resolution...
CoreX Holding Acquires Carajás Copper Assets From BHP for $465M
CoreX Holding completed a $465 million purchase of BHP’s Carajás copper assets in Brazil, paying $240 million at closing with $225 million in contingent payments. The deal adds an operating underground mine, a processing plant and 1,800 km² of exploration ground to CoreX’s Copper...
Breakbulk26: Loss of Persian Gulf Oil Supplies Difficult to Replace Quickly
At the Breakbulk26 conference, S&P Global Energy’s Amy Groeschel warned that the war in the Middle East could trap roughly 16 million barrels of crude and refined product in the Strait of Hormuz each day, a volume that cannot be replaced quickly....
Private 5G Delivers Robust Connectivity for Autonomous Mining Operations
Demand for lithium, copper and nickel is projected to triple by 2030, forcing miners to accelerate smart, autonomous operations. Ericsson's Private 5G delivers industrial‑grade, low‑latency connectivity that functions reliably in underground tunnels and open‑pit sites. Deployments at Newmont's Cadia, Agnico...
Adamas Launches Western CIF Price Forecasts
Adamas Intelligence has launched Western CIF price forecasts for nine rare‑earth oxides, including NdPr, Nd, Pr, Sm, Gd, Tb, Dy, Lu and Y. The forecasts aim to fill a data vacuum as virtually no separated oxides are produced or traded...
Silver Crown, EMS Target US Silver Growth Push
Silver Crown Royalties Inc. has teamed with Emergency Material Services to broaden its U.S. silver royalty platform using structured, non‑dilutive financing instead of owning mines. The partnership supplies operators with upfront capital while Silver Crown secures future production through net...
World’s No. 6 Uranium Miner Starts New Output in Uzbekistan
Uzbekistan’s state uranium miner Navoiyuran has moved its Qizilkok project in the Navoi region into commercial production, adding 9,400 tonnes of reserves and a 15‑year mine life. The output boost lifts the company’s forecast to 7,000 tonnes of natural uranium...
The AI Economy Runs on Helium. The Iran War Just Created a $650 Billion Problem
Moody’s Ratings warns that the Iran‑Israel conflict has disrupted Qatar’s Ras Laffan helium plant, creating a $650 billion supply‑chain risk for the AI economy. Helium, essential for wafer cooling, carrier gas and leak detection in semiconductor fabs, has no industrial substitute. The...
How Firms Should React to Rivalry Between America and China in Critical Minerals
The United States and China are intensifying a strategic contest over critical minerals such as lithium, cobalt, rare earths and graphite, reshaping trade, industrial policy and supply chains. China currently dominates processing of rare earths and a majority of lithium,...
Panama Counts Steep Cost of First Quantum’s Copper Mine Closure
Panama’s economy slumped after the 2023 shutdown of First Quantum Minerals’ Cobre Panama copper mine, wiping out roughly 5% of GDP and 7% of export earnings. The mine had supported more than 40,000 direct and indirect jobs and contributed about...
Trilogy to Seek FAST-41 Inclusion for Alaska Copper Project
Trilogy Metals’ Ambler joint venture has filed a Clean Water Act Section 404 permit to launch federal approvals for the Arctic copper‑zinc‑lead‑gold‑silver project in Alaska and will seek inclusion in the FAST‑41 expedited permitting program. The U.S. government is set...
New Found Gold Expands High-Grade Dropkick Zone
New Found Gold announced that its 2025 drilling at the Dropkick zone of the Queensway project has expanded the high‑grade gold system to a 1.4 km strike length and to a depth of 300 m. The campaign delivered standout intercepts, including 24.8 g/t...
Copper Price: Goldman Maintains Year-End Forecast, Traxys Sees $15,000
Copper prices steadied above $13,200 a tonne as supply concerns from the Middle East war and a looming sulphuric acid export ban by China weigh on the market. Goldman Sachs kept its 2024 price target at $12,650 per tonne despite...
AME: BC Paralysis on DRIPA Hurting Mining Future
British Columbia Premier David Eby announced that the province will not introduce amendments to the Declaration on the Rights of Indigenous Peoples Act (DRIPA) this spring, prompting criticism from the Association for Mineral Exploration (AME). A recent court ruling found...
SMM Breaks Ground on Western Cape Monazite Plant
Steenkampskraal monazite mine (SMM) has broken ground on a new processing plant in South Africa’s Western Cape, targeting a steady‑state output of 13,400 tonnes per year of monazite concentrate with over 50% total rare‑earth oxides (TREO). The plant will initially...
Aris Mining Connects Decline to Marmato Underground in Colombia
Aris Mining announced that the Los Indios cross‑cut has successfully connected its new surface decline to the existing underground workings at the Marmato gold mine in Caldas, Colombia. The link enables continuous underground access for the 5,000‑metric‑ton‑per‑day carbon‑in‑paste (CIP) plant...
Element 29 Welcomes Alpayana, Randy Smallwood as Investors
Element 29 Resources Inc. raised $35.5 million through a non‑brokered private placement of 32.2 million shares at $1.10 each, welcoming Alpayana S.A.C. as a new strategic investor with a 9.9% stake and former Wheaton Precious Metals CEO Randy Smallwood as an additional backer....
BHP Expands Copper Exploration in Zambia Amid Rising Global Demand
Mining giant BHP has launched an expanded copper exploration program across southern Africa, with a focus on Zambia’s underexplored deep deposits. The company will use advanced geological modeling, geophysical surveys and data‑driven techniques to locate large, long‑life ore bodies. Zambia,...
Organised Gold Recycling Can Curb Imports, Boost Economic Stability: Muthoot Exim CEO
India imports roughly 99% of its gold, amounting to about 630 tonnes and $58.8 billion in 2025. Muthoot Exim CEO Keyur Shah argues that organized gold recycling can turn idle household jewellery into a domestic supply, easing the current‑account deficit and environmental...
Queensland Fast-Tracks Major Coal and Gold Projects
The Queensland government has fast‑tracked two flagship resource projects: the A$1.24 bn (≈$888 m) Corvus Metallurgical Coal Project, slated to produce up to 10.5 million tonnes of ultra‑low‑ash coal annually for 25 years, and the A$400 m (≈$286 m) Big Vein South Gold Project, which will...
Ramp Metals Drilling Rottenstone SW Property, Saskatchewan
Ramp Metals announced its first winter drill result from the Rottenstone SW property in Saskatchewan, reporting a 21‑metre intercept (50.5‑71.5 m) grading 0.80% Cu, 17.01 g/t Ag, 0.09 g/t Au, 0.73% Zn and 0.23% Pb. The interval includes higher‑grade sub‑sections of 1.5% Cu...