Anglo American Draws Three Bidders for Coal Sale
Anglo American is restarting the sale of its Queensland steelmaking coal assets after a $3.8 billion deal with Peabody Energy fell apart due to a mine fire. At least three parties—Stanmore Resources, Mitsubishi Corp. and Indonesia’s BUMA Internasional—are now in the running, with Goldman Sachs and Morgan Stanley handling the process. The assets include the Moranbah North and Grosvenor mines, which have faced recent disruptions. Closing a new transaction would revive Anglo’s broader plan to divest non‑core assets and reshape the global steelmaking coal market.
CHART: Freeport-McMoRan Stock Craters on Grasberg Ramp-Up Delay
Freeport-McMoRan reported Q1 earnings that beat estimates but saw its shares tumble more than 13%, pushing the market value below $90 billion. The company confirmed a slower‑than‑expected restart at Indonesia’s Grasberg mine, cutting the second‑half 2026 operating rate to about 65%...
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...
Gold Price Halts Two-Day Decline with US-Iran Ceasefire Extended
Gold prices halted a two‑day decline on Wednesday, stabilising above $4,700 an ounce after President Donald Trump announced an extension of the US‑Iran ceasefire. The pause follows more than 10% losses since the conflict began, as investors reassess geopolitical risk...
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...
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...
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...
Hochschild Rallies as Gold Price Surge Lifts Outlook
Hochschild Mining reported first‑quarter production of 75,600 gold‑equivalent ounces, surpassing analysts’ forecasts. The company’s average realized gold price jumped to $4,471 per ounce, a near‑40% increase from a year earlier, driving cash and equivalents to $412 million and net cash to...
BHP Now Expects Nearly 2M Tonnes Copper Production After Record Escondida Throughput
BHP reaffirmed its FY2026 outlook, citing record throughput at Chile’s Escondida mine and a 2% rise in Western Australia iron‑ore output. Copper production is now expected in the upper half of the 1.9‑2.0 million‑tonne guidance, driven by strong Antamina performance and...
Chile Targets Faster Permits to Unlock $100B Pipeline
Chile’s Economy and Mining Minister Daniel Mas announced a fast‑track permitting plan to unlock more than $100 billion of mining investment. The new sectoral framework will simplify roughly 200 procedures and shave processing times by about 30% while keeping environmental standards...
USA Rare Earth Boosts Western Supply with $2.8B Brazil Deal
USA Rare Earth (USAR) announced a $2.8 billion acquisition of Brazil’s Serra Verde Group, paying $300 million in cash and issuing 126.85 million shares. The deal brings the Pela Ema heavy‑rare‑earth mine—Latin America’s only producing operation—into a vertically integrated Western supply chain that also...
New Found Gold Secures $150M for First Phase of Queensway Project
Canadian miner New Found Gold secured C$205 million (approximately $150 million) in financing to advance its Queensway gold project in Newfoundland and Labrador. The package includes a C$100 million equity raise and a C$105 million senior secured credit facility, both led by EdgePoint Investment...
Agnico Lines up $3B Multi-Deal to Build Finland Hub
Agnico Eagle is orchestrating a roughly $3 billion, three‑deal package to consolidate a 2,492‑sq‑km gold district in Finland. The core transaction is a $2.1 billion acquisition of Rupert Resources, adding the 3.5 million‑ounce Ikkari project adjacent to its Kittila mine. Additional cash deals...
Copper Price Within Sight of All-Time High as Chinese Smelters Hit Record Activity
Copper May futures surged to $6.11 per pound, a 10‑week high and within striking distance of the all‑time peak set in January. Satellite data from Earth‑i show global smelting inactivity fell to 11.7% in March, driven by a record‑low 3.9%...
The Metals Company Submits Decade’s Worth of Deep-Sea Exploration Data to ISA
The Metals Company (TMC) announced that its subsidiaries, Nauru Ocean Resources and Tonga Offshore Mining, have deposited a decade’s worth of deep‑sea exploration data into the International Seabed Authority’s DeepData platform. The submission, covering 2013‑2022, includes 777 equipment deployments, more...
Fast-Tracking US Critical Minerals Could Backfire without Safeguards, Oxfam Warns
The United States is accelerating permits and financing for critical‑mineral mines under a 2025 executive order aimed at reducing foreign dependence. Oxfam America cautions that rushing projects without strong environmental and community safeguards could create costly legal battles and delays....
La Mancha’s Greenheart Gold Deal Deepens Guiana Shield Exposure
La Mancha Resource Capital has invested C$50 million (≈$37 million) to acquire a 19.9% stake in Suriname‑focused Greenheart Gold, becoming its largest single shareholder. The deal follows La Mancha’s recent 19.9% purchase of G Mining and adds to its $2.9 billion portfolio of...
Critical Metals Stock Surges After Taking Full Control of Greenland Rare Earth Project
Critical Metals Corp. secured a 92.5% stake in Greenland's Tanbreez rare‑earth project after the government approved an indirect licence transfer, while European Lithium retains the remaining 7.5%. The news sent the stock up 23.6% in pre‑market trading to $11.46, lifting...
Bessent Urges World Bank to Shift Funding Towards Critical Minerals
U.S. Treasury Secretary Scott Bessent used the IMF and World Bank spring meetings to press the development banks to shift their green‑lending focus toward critical‑minerals mining and processing projects. He argued that secure supplies of rare earths and other key...
Canada’s Antimony Gap Shows as Iran War Sharpens Focus on Defence Metals
The war in Iran has thrust antimony into the spotlight as a defence‑critical metal, with 40% of U.S. use last year going into ammunition and flares. Canada classifies antimony as critical but lacks a dedicated policy, leaving a thin project...
USCM, Columbia University Eye Defence-Critical Metals in Red Mud
US Critical Materials Corp. and Columbia University have signed a two‑year research pact to extract defence‑critical metals from red mud, the waste by‑product of aluminium refining. The "Mud to Metal" program will focus on gallium, scandium, titanium and rare‑earth elements,...
Rio Tinto Commissions New Alumina Conveyor at British Columbia Smelter
Rio Tinto has commissioned a new 1.1‑kilometre alumina conveyor at its BC Works smelter in Kitimat, British Columbia, as part of a C$135 million (≈ US$100 million) upgrade. The system will transport up to 800,000 tonnes of alumina per year and is built to...
Gold Basin Fires CEO for Alleged Misconduct
Gold Basin Resources (TSXV:GXX) terminated president and interim CEO Charles Straw after a board, installed by Canex Metals following its takeover, accused him of moving large sums from the corporate bank account to a private account, breaching TSX‑V rules. Straw counters...
DRC Boosts US Copper Sales Fivefold to 500,000 Tonnes
The Democratic Republic of Congo has expanded its planned copper sales to the United States to 500,000 tonnes, a fivefold increase from the January commitment. The sales will be marketed through a joint venture between state miner Gécamines, Mercuria Energy...
Op-Ed: Critical Mineral Sovereignty Starts with Deep Tech
Canada announced up to $40 million CAD (≈$30 million USD) for a Canadian Digital Core Library, turning drill‑core scanning into strategic infrastructure. The investment reflects a broader federal critical‑minerals strategy that seeks sovereignty across the entire value chain, from exploration to recycling....
Omai Soars on Resource Update in Guyana
Omai Gold Mines announced a 22% increase in its contained gold, lifting total resources to 8 million ounces and upgrading roughly half into higher‑confidence categories. The update propelled the stock 10% higher to a record C$2.34 per share, valuing the company...
Montage Expands West Africa Presence with New Mauritania Exploration Permits
Montage Gold (TSX:MAU) secured five green‑field exploration permits covering more than 2,100 km² in northern Mauritania, marking its first entry into the country. Four permits were awarded in the Sfariat block and an 80%‑owned permit in the Zednes block, both considered...
Aura Minerals Green Lights Guatemala Gold Project
Aura Minerals announced board approval to construct the Era Dorada underground gold mine in Guatemala, raising the project's capital budget to $386‑$453 million. The 17‑year mine is expected to produce 1.75 million oz of gold equivalent, with average annual output of 111,000 oz in...
Stardust Power Expands US Lithium Supply Pipeline for Oklahoma Refinery
Stardust Power (NASDAQ: SDST) signed a Letter of Intent to purchase up to 15,000 metric tons per year of lithium chloride from a California brine project, securing feedstock for its Muskogee, Oklahoma refinery. Initial deliveries are slated for Q1 2028, with...
Lattice Materials Breaks Ground on Montana Silicon, Germanium Plant
Lattice Materials, a U.S. silicon and germanium producer, broke ground on an 80,000‑square‑foot plant in Bozeman, Montana. The project receives $18.5 million from the U.S. Department of Defense, aiming to double the company’s footprint and add the largest optical boule growth...
Copper Outlook Strengthens as Long-Term Assumptions Climb
Long‑term copper price assumptions in mining feasibility studies have jumped about 60% since 2020, moving from roughly $3.00 per pound to an average of $4.80 per pound in early 2026. Even after stripping inflation, the real assumptions are about 28%...
M&A: Denarius Targets Emerita in Spain’s Zinc-Copper Belt
Denarius Metals has tabled a non‑binding all‑share offer for Emerita Resources, pricing the deal at a 15% premium to Emerita’s April 10 close. The transaction would value Emerita between $25 million and $29 million, depending on its fully diluted share count, and...
KoBold Launches AI-Driven Lithium Push in DRC
KoBold Metals, backed by Jeff Bezos and Bill Gates, has launched the largest lithium exploration campaign ever, covering 13 licences and over 3,000 sq km in the Democratic Republic of Congo’s mineral‑rich Manono region. The effort uses artificial intelligence, advanced sensors, airborne...
India Rises as China Slows in Mineral Demand Shift
Vale is accelerating iron ore shipments to India as the country’s steel production is projected to double by 2030, signaling a pivot away from China’s once‑dominant demand base. Chinese steel output has plateaued around 1 billion tonnes, while India’s broader industrial...
Chalice Taps Cutifani’s Firm for WA Palladium Push
Chalice Mining has hired Odin Partnership, led by former Anglo American CEO Mark Cutifani, as a strategic adviser for its Gonneville palladium‑nickel‑copper project in Western Australia. The advisory team, which also includes ex‑Anglo director Tony O’Neill and former Bank of...
Chinese Rare Earth Producer Hikes Q2 Price by 44%
China Northern Rare Earth Group announced a Q2 2026 concentrate price of 38,804 yuan ($5,390) per tonne, a 44.6% jump from the first quarter and more than double the level a year earlier. The price is tied to a formula that...
Deep-Sea Mining Heats up as New Player Challenges Early Mover Advantage
Deep Sea Minerals (CNSX: SEAS), a rebranded Canadian firm, closed an oversubscribed $4.22 million private placement and has applied for a U.S. deep‑seabed exploration license in the Clarion‑Clipperton Zone and the Cook Islands EEZ. The company plans an asset‑light approach, contracting...
Op-Ed: How Gold Became National Security Infrastructure
In April 2026 the Banque de France moved its entire sovereign gold holdings back to French soil, swapping 129 tonnes of legacy bars for compliant bullion and realizing a €12.8 billion (≈ $13.8 billion) gain. France joins Germany, India and other nations in an...
Neo Performance Begins Producing Heavy Rare Earths at Estonia Plant
Neo Performance Materials announced that its solvent‑extraction line at the Silmet facility in Estonia has begun producing heavy rare earth oxides, specifically terbium and dysprosium, at name‑plate capacity. The new line complements Neo’s 2,000‑tonne‑per‑year sintered‑magnet plant in Narva, creating Europe’s...
Nouveau Monde Raises $297M as Italy’s Eni Takes Stake
Nouveau Monde Graphite secured a $297 million equity raise, selling 115.8 million shares at $1.84 each—a 22% discount—to investors that include Italy’s Eni ($70 million for a 12% stake), the Canada Growth Fund ($82 million), Investissement Québec ($61 million) and an $84 million bought‑deal public offering....
Peru Pulls Permit for $1.8B Tia Maria Copper Mine
Peru's Ministry of Energy and Mines has revoked Southern Copper's permit for the $1.8 billion Tía María copper project, citing a lack of legal justification and incomplete technical plans such as waste‑dump design. The decision forces a fresh review of a...
Paladin Targets 2027 Uranium Decision on Patterson Lake South
Paladin Energy said it will decide by the end of 2027 whether to fund the Patterson Lake South (PLS) uranium project in Saskatchewan. The high‑grade Triple R deposit is moving through front‑end engineering, design and permitting after receiving provincial environmental approval....
EU, US Near Critical Minerals Pact to Counter China’s Grip
The European Union and the United States are close to finalising a critical‑minerals pact that would coordinate production, pricing and supply‑chain resilience to curb reliance on China. The draft action plan proposes minimum‑price mechanisms, joint standards, and investment projects, while...
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...
NioCorp Lines up Traxys as Potential Buyer for Elk Creek’s Planned Output
NioCorp Developments has entered a non‑binding agreement with commodity trader Traxys to serve as the exclusive offtake and marketing partner for the remaining output of its Elk Creek critical‑minerals project in Nebraska for an initial ten‑year term. The deal adds...
G Mining to Buy G2 Goldfields for $2.2B in Guyana Play
Canadian miner G Mining Ventures announced a C$3 billion all‑share acquisition of rival G2 Goldfields, creating a combined Oko district in Guyana. The deal offers G2 shareholders 0.212 G Mining shares per G2 share, a 72% premium, and adds a new...
Barrick Signals Deal Push Amid Strategic Reset
Barrick Gold is reversing a decade‑long expansion strategy by refocusing on acquisitions in low‑risk, tier‑one gold assets and exiting higher‑risk regions. Chairman John Thornton, in his first shareholder letter since the CEO change, said the company believes its shares are...
Uranium Energy Adds Second ISR Operation with Burke Hollow Start
Uranium Energy Corp (UEC) has launched its Burke Hollow in‑situ recovery (ISR) operation in Texas, marking the first new U.S. ISR uranium project in over ten years. The site taps a measured and indicated resource of more than 6.15 million lb of uranium,...
First Quantum Taps IFC for Argentina Copper Push
First Quantum Minerals has teamed with the International Finance Corporation to bring its Taca Taca copper project in Argentina up to IFC’s environmental and social standards. The partnership is designed to unlock debt financing for a $4.2 billion initial investment targeting 40 Mtpa,...