Market Spinning After 'Most Epic Price Reversal in Oil History'
Oil prices surged past $100 per barrel before reversing sharply, marking what analysts call the most epic price reversal in oil history. The swing was driven by mixed signals about the U.S.–Iran conflict, including President Trump's comments and hopes of renewed tanker traffic through the Strait of Hormuz. Wood Mackenzie warns that 15 million barrels per day of Gulf supply are offline, pushing projections of $150‑$200 per barrel by 2026 if the disruption persists. Demand would need to fall to rebalance the market, while strategic reserves offer limited relief.
Illegal Mining and Child Labor Concerns Raised in Bas-Uélé Province
Congolese entrepreneur Obed Mutuale warned that illegal artisanal mining is booming in Bas‑Uélé province, with under‑age children increasingly employed at hazardous sites. During a Jan. 18‑25 visit, he called on the DRC central government to intervene urgently, citing weak state oversight...
Chinese Launch Next-Gen Deepwater Multi-Purpose Offshore Engineering Vessel
Shanghai Zhenhua Heavy Industries (ZPMC) has launched a 126‑metre deepwater multi‑purpose offshore engineering vessel for China National Offshore Oil Corporation’s Shenzhen Offshore Engineering Technology Service. The ship features a 400‑ton crane, a 3,000‑ton cable reel, a 1,600‑HP trencher, a 12‑person...
Southeast Asian Gas Drilling Ops Edging Closer with ‘Major Milestone’ Reached
UK‑based, AIM‑listed Sunda Energy has secured a Category A environmental licence for its Chuditch‑2 appraisal well in Timor‑Leste’s offshore Chuditch field. The licence, issued on 9 March 2026 and valid until March 2028, follows the submission and endorsement of a detailed environmental impact statement...
Mining for Key Energy-Transition Minerals Is Not a Major Source of Global Greenhouse Gas Emissions, ICMM Research Finds
The International Council on Mining and Metals (ICMM) released a Global Mining & Metals GHG Emissions Dataset covering 1,700 facilities and 87% of production across 14 key commodities. The dataset provides a sector‑wide estimate of scope 1 and scope 2 emissions for...
'Quality' Coal Rallies as LNG Spikes
LNG spot prices in Asia surged to a two‑year high of $22.50 per mmBtu after strikes closed the Strait of Hormuz, cutting Qatar’s supply. The spike lifted high‑quality 6,000 kcal/kg thermal coal to $129.62 a ton, a 14‑month peak, while European...
Italy Opens New LNG Chapter with FSRU Ticking Off First Small Scale Cargo
Italy’s OLT Offshore LNG Toscana, a Snam subsidiary, has begun commercial small‑scale LNG operations at its FSRU Toscana off Livorno. The inaugural cargo of 4,000 cubic metres arrived on the Green Zeebrugge carrier, marking the first SSLNG service in the country....
Hormuz Closure Sends Bunker Prices to Record Levels
The closure of the Strait of Hormuz amid the Iran‑US/Israeli conflict has driven bunker fuel prices to record highs, with IFO 380 averaging $841.50 per tonne globally and Singapore reaching $1,073. At least 20% of the world’s HSFO exports are now...
Huawei: Helping Miners Build a Sustainable Digital and Intelligent Foundation
Huawei’s Mining Business Unit is positioning the company as the leading provider of AI‑enabled connectivity for the mining sector. It highlights the deployment of a 5G‑A network and the world’s first fleet of 100 autonomous electric trucks at China’s Yimin...
Equinor Hits the Jackpot Twice in North Sea with New Oil, Gas & Condensate Finds
Equinor announced two commercial hydrocarbon discoveries in Norway’s North Sea. The Byrding C well, drilled near the Fram field in the Troll area, is estimated to contain 4‑8 million barrels of recoverable oil, while the Frida Kahlo well, drilled from the...
De Beers Sale Gets Cheaper, Though Not Easier
Anglo American slashed De Beers' balance‑sheet value to $2.3 bn, intensifying a sale that has lingered for two years. The diamond market is under pressure from lab‑grown stones, now accounting for up to 25% of jewellery sales and half of engagement rings....
Sustaining Strength in a Higher Gold Price Environment>
Imaru Casanova’s latest market note highlights that gold miners are generating strong free cash flow and maintaining all‑in sustaining costs below $2,000 per ounce, even as gold prices hover near record highs. The sector’s disciplined capital allocation—emphasizing dividends, buybacks and...
Solaris Resources (TSX:SLS) Expands Warintza Copper District as Investor Interest Grows
Solaris Resources secured an option agreement with Ecuador's state‑owned ENAMI EP, granting the right to acquire up to 100 % of additional exploration areas and adding roughly 40,000 hectares to its Warintza copper district. The expanded land package enables a district‑scale...
Volvo Says Loader Updates Improve Efficiency
Volvo Construction Equipment unveiled a suite of safety and productivity upgrades for its entire wheel‑loader lineup at ConExpo‑Con/Agg. The large L350 now uses a D17 engine delivering up to 5% better fuel efficiency and Smart Control integration, while the midsize...
Mount Hope Sharpens Gold Targets at Mt Solitary
Mount Hope Mining completed a CSAMT geophysical survey at its Mt Solitary gold prospect in the Cobar Basin, mapping structural architecture to depths exceeding 500 m. The data refined the model of a structurally controlled gold system, highlighting the MS2 and...
OzAurum Clears Key Hurdle for Mulgabbie North
OzAurum Resources secured environmental approval for stage one open‑pit mining and heap‑leach operations at its Mulgabbie North project in Western Australia. The approval, issued under the state’s Small Mining Operation Policy, removes a key regulatory hurdle and enables the company...
Buxton Analysis Highlights Centurion Link to World-Class Telfer and Winu Deposits
Buxton Resources reports that drill hole CN002DD at its Centurion project in Western Australia returned up to 5.65% copper, 245 ppm silver and 3.3 ppm gold, with detrital sulphides indicating a nearby basement source. Zircon age dating links the mineralisation to the...
Mongolia Seeks to Amend Rio’s Oyu Tolgoi Mine Loan, FT Reports
Mongolia’s government is moving to renegotiate the loan it obtained from Rio Tinto to fund its 34% share of the Oyu Tolgoi copper‑gold mine. The aim is to secure a lower interest rate and cut the annual management fee that...
Indicators Point to Hiccups in Steel Demand Momentum
U.S. steel production slipped in early March, falling 26,000 tons as weekly output dropped from 1.817 million to 1.791 million tons. The slowdown mirrors weak construction employment, which shed 11,000 jobs in February and posted a 6.9% unemployment rate, and a modest...
Pantoro Sets Timeline for Third Underground Mine at Norseman
Pantoro Gold will begin development of its third underground mine at the Norseman project later this year, following the dewatering and rehabilitation of the Bullen decline. High‑grade intercepts, including a 2.4‑metre, 43.19 g/t gold shoot, were reported at Crown South and O’Brien’s...
KVH Industries Inc (KVHI) Q4 2025 Earnings Call Transcript
Intrepid Potash (KVHI) reported a blockbuster 2025, posting adjusted net income of $6.5 million and adjusted EBITDA of $63 million—an 80% YoY increase and the strongest since 2016. Sales volumes surged 20% to over 590,000 tons, driven by a record 303,000 tons of Trio,...
Coal Price Rally Fuels FIFO Boom
Rising coal prices have reignited Australia’s fly‑in, fly‑out (FIFO) market, with spot rates climbing from US $172 to US $220 per tonne since July 2025. Civeo Corporation reported an 18 percent profit surge, posting US $51.9 million in Australian earnings after delivering 2.78 million accommodation nights...
IDB Invest Finances Rincon Mining to Expand Lithium Production in Argentina
IDB Invest has joined a multi‑lender financing package worth up to $1.175 billion to expand Rio Tinto’s Rincón Mining lithium project in Salta, Argentina. The bank will provide a $100 million loan and technical assistance, while the International Finance Corporation, Export Finance...
QMines Builds Mount Mackenzie Porphyry Case with High-Grade Gold and Copper Strikes
QMines announced a series of high‑grade gold, silver and copper intercepts from its North Knoll drilling at the Mount Mackenzie project in central Queensland. A surface hole returned 15.8 m grading 2.58 g/t Au and 7.1 g/t Ag, while deeper intervals delivered up...
FIN Resources Zeroes in on Lupin-Style Gold System at Cabin Lake
FIN Resources is launching a 1,500‑metre maiden diamond drill program at the Cabin Lake gold project in Canada’s Slave Craton. Recent re‑assays of historic core returned striking grades, including 31.4 m at 15.2 g/t Au, reinforcing the view that the deposit mirrors...
Skyharbour Says Denison Has Begun Athabasca Uranium Drilling
Skyharbour Resources announced that its joint‑venture partner Denison Mines has kicked off a winter drilling program at the Wheeler North property in northern Saskatchewan. The first phase comprises roughly 2,500 metres of diamond drilling targeting the Fox Lake Trail, with...
Petra Diamonds Limited (PDLMF) Q2 2026 Earnings Call Transcript
Petra Diamonds Limited reported its Q2 2026 interim results, highlighting a transition to a leaner operating model after disposing of the Williamson and Koffiefontein mines. The company now focuses on two capital‑optimized assets with world‑class resource bases. Management announced a refinancing...
The US’s Critical Minerals Club Threatens an Equitable Clean Energy Transition
The United States is forming a critical‑minerals trading bloc aimed at breaking China’s dominance in supply chains for digital and defense technologies. The initiative downplays clean‑energy needs, even though analysis shows only a handful of the 33 minerals the UK...
Polysilicon Prices Plunge, with Maximum Decline Exceeding 12%
Polysilicon prices in China plunged last week, with the steepest drop of 12.87% for n‑type granular material. High inventory—reaching 480,000 tons—combined with weak demand from downstream solar‑cell and module producers drove the decline. February output fell 17.3% to 84,400 tons,...
Codelco and Microsoft Partner on Advanced Analytics and AI
Chile’s state‑owned copper giant Codelco and Microsoft have signed an 18‑month collaboration framework to explore joint initiatives in artificial intelligence, advanced analytics, automation and digital security. The deal builds on more than 27 years of partnership between the two firms. Planned...
Oil Instability Powers Interest in Uranium & Nuclear Energy
Escalating Middle‑East tensions have pushed oil prices higher, reigniting concerns over energy security. The volatility is prompting policymakers and utilities to revisit nuclear power as a reliable baseload source, especially for power‑hungry AI data centers. Uranium, the core fuel for...
Gold Price Fades on Inflation Concerns, Silver Price Rebounds
Gold slipped to about $5,015 an ounce on Monday, a 3% intraday drop, before regaining most of the loss, as a stronger U.S. dollar and inflation‑driven rate worries kept investors on the sidelines. Silver, by contrast, rose over 2% to...
STRABAG Wins Contracts at Codelco’s Chuquicamata Underground Mine
STRABAG’s ZÜBLIN unit secured two contracts with Chilean copper giant Codelco for the Chuquicamata underground expansion, valued at $942 million. The scope covers more than 54 km of tunnels and related infrastructure, aiming to extend the mine’s life into the 2030s while...
HPE and STRACON Tech Adding AI to Their Strategic Alliance
Hewlett Packard Enterprise and STRACON Tech have deepened their strategic alliance to embed artificial intelligence across mining operations. HPE will deliver its Private Cloud AI platform, powered by NVIDIA and offered through the GreenLake consumption model, enabling on‑premise model development...
Domestic Coal Production Likely to Grow 6-7% Annually over Next Few Years: Kishan Reddy
India plans to boost domestic coal output by 6‑7 % annually, aiming for roughly 1.5 billion tonnes by FY 2029‑30. Production was about 1.05 bn tonnes in 2024‑25, and the government expects demand to peak around 2040. Minister G Kishan Reddy emphasized that...
Merafe Reports Big Drop in Revenue, HEPS on Idled Smelters
Merafe Resources posted a 31% revenue decline to R5.84 billion and a 72% drop in headline earnings per share, down to 12.2 c, for the year ended 31 December 2025. The downturn was driven by a complete shutdown of its ferrochrome smelters in Q2 2025,...
Kenmare Facing VAT Hit After Mozambique Springs Tax Surprise
Kenmare Resources warned that Mozambique's tax authority has unilaterally introduced new regulations that could raise royalties to 3.5% by 2031 and strip the Moma heavy‑minerals mine of its industrial free‑zone status. The company estimates the changes could cost $25‑40 million annually,...
Anglo’s New AI Centre of Excellence to Drive Safe & Responsible AI Adoption
Anglo American’s 2025 annual report announces the creation of an AI Centre of Excellence to steer safe, responsible AI adoption across its mining operations. The AI CoE will govern risk, ethics and compliance while supporting generative‑AI projects that deliver clear...
VAALCO Adjusts Gabon Drilling Plan After Exploration Well Result
VAALCO Energy finished drilling the ET‑14P exploration well at Gabon's Etame field, intersecting 10 meters of high‑quality Gamba sands but discovering a water‑bearing target zone. The lower section of the well will be plugged and abandoned, while the existing bore...
Domestic Metals Expands Exploration Efforts at Smart Creek Project in US
Domestic Metals announced an expanded exploration budget for its Smart Creek Copper Project in Montana, with diamond drilling slated for April 2026. Surface program results revealed high‑grade gold, copper and silver assays, including 102 g/t gold and 13.8 % copper in a...
Valeura Lifts Output with Three Producing Wells at Thailand’s Manora Field
Valeura Energy completed an infill drilling campaign on Thailand’s Manora field, bringing three new wells online – two development wells and one appraisal well – on its 70% operated working interest. The added wells lifted average oil output from roughly...
Four Borr Drilling Rigs’ Ops in Middle East on ‘Standby’
Borr Drilling announced that its four jack‑up rigs deployed across Saudi Arabia, the UAE and Qatar are on standby due to escalating hostilities in the Arabian Gulf. The Arabia III unit was shut down and its crew evacuated after a March 7...
LG Energy Solution Reportedly Drops LG Chem Cathodes for Tesla Batteries
LG Energy Solution (LGES) will stop using cathode material from sister firm LG Chem for Tesla battery packs, shifting to external supplier L&F. The change is driven by Tesla’s demand for ultra‑high‑nickel (95% Ni) NMC cathodes that promise roughly 20%...
Shell Inks Oil and Gas Exploration Deals with Venezuela
Shell has signed a series of oil and gas exploration agreements with the Venezuelan government, covering offshore natural gas and on‑shore projects, and partnered with local engineering firm VEPICA, KBR, and Baker Hughes. The deals clear the path for the...
EU Buys 100% of Russian Arctic LNG Just 9 Months Before Planned Gas Ban
In February 2026 the European Union purchased every cargo from Russia’s Yamal LNG project, amounting to 1.54 million tonnes across 21 shipments, the first full‑yearly capture since 2018. The purchases came just nine months before the EU’s scheduled ban on Russian...
Epiroc Acquires South Africa-Based Parts Provider Eventspec Proprietary Limited
Epiroc announced the acquisition of Eventspec Proprietary Limited, a Johannesburg‑based mining aftermarket provider that manufactures spare parts for drill rigs, trucks and loaders. Eventspec, with roughly 120 employees, generated about ZAR280 million ($16.6 million) in 2025 revenue serving South African mining firms....
North's Golden Geology Tarnished by Policy
The Fraser Institute’s 2025 mining survey shows that policy perceptions are eclipsing geological endowment in determining investment attractiveness across Alaska and Canada’s northern jurisdictions. Despite high mineral potential rankings, Alaska fell ten spots on the Investment Attractiveness Index, while British...
Gina Rinehart, Her Struggles and Successes
Gina Rinehart recounts turning a mortgaged, claim‑laden startup into the $10 billion Roy Hill iron‑ore megaproject, the fastest greenfield construction in northern Australia. She describes battling gender bias, legal hurdles and a revoked port‑rail corridor while relying on loyal backers to...
Indigenous Rights, the Environment, and International Law: What’s at Stake at This Week’s Seabed Mining Talks
Indigenous advocates are watching the International Seabed Authority’s meeting in Jamaica, where representatives from about thirty‑six nations will discuss finalizing a global mining code by the end of 2026. The ISA has spent a decade drafting rules for extracting cobalt,...
E3 Lithium Provides Activity Update on Phase Two of Its Demonstration Facility and Details Employee Incentives for 2026
E3 Lithium announced that its Phase 2 Demonstration Facility near Olds, Alberta, completed drilling two wells – one for brine production and one for injection – and is on track to begin operations in April 2026. The data collected will feed the...