Petra Diamonds cuts forecasts, jobs amid market weakness, softer prices
Petra’s sales revenue for the third tender fell 7% to $71 million, bringing year-to-date revenue to $146 million, down from $188 million last year.
Articles by Cecilia Jamasmie
Earth AI finds gold near Willow Glen molybdenum project, in Australia
Earth AI, an Australian tech-driven explorer for clean energy metals, has found a new gold system at its Willow Glen molybdenum-gold project near Guyra, New South Wales. Using its AI platform,…
Patriot Battery Metals surges on Volkswagen’s $69M buy of 9.9% stake
Shares in Patriot Battery Metals (TSX: PMET; ASX: PMT) soared 29% Wednesday morning on news German automaker Volkswagen plans to take a 9.9% stake in the lithium company for $69…
Arcadium Lithium investors sue it for negligence over US$6.7B Rio Tinto takeover
Arcadium Lithium (NYSE: ALTM; ASX: LTM) is facing legal challenges after shareholders filed lawsuits alleging misrepresentation and negligence linked to Rio Tinto’s (ASX, LON, NYSE: RIO) US$6.7-billion takeover. Philadelphia-based Arcadium…
Rio Tinto, BHP, BlueScope select Perth to build low-emission iron plant
Australia’s two largest iron ore miners, Rio Tinto (ASX, LSE, NYSE: RIO) and BHP (LSE, NYSE, ASX: BHP), working with BlueScope Steel, have selected Perth to locate the country’s largest…
Barrick to halt Mali operations if output remains blocked
Barrick Gold (TSX: ABX; NYSE: GOLD), the world’s second-largest gold miner, has issued a stark warning: it will suspend operations in Mali if shipments of gold remain blocked and disputes…
Australia’s $281B nuke plan to change uranium mining
Australia’s opposition leader, Peter Dutton, has unveiled a A$311 billion ($281 billion) plan to introduce nuclear power into the country’s energy mix, a proposal that could radically alter the nation’s…
Global scramble for critical minerals fuelling protectionism
A growing wave of protectionism is sweeping across 72 nations, as governments scramble to secure access to critical minerals essential for strategic industries, new research by global risk intelligence firm…
Mexico to review bill to ban open pit mining
Mexican President Claudia Sheinbaum says her government will review a controversial bill approved by the lower chamber of Congress in August that aims to ban open-pit mining. The proposed legislation…
South32 pulls Mozambique smelter forecast amid unrest
Australian miner South32 (ASX: S32) has withdrawn production guidance for its aluminum smelter in Mozambique amid widespread and deadly unrest following the country’s disputed presidential election. The protests erupted in…
Lundin Gold lifts gold guidance, costs for Fruta del Norte
Canadian precious metals miner Lundin Gold (TSX: LUG) has revised up its gold production guidance for the Fruta del Norte (FDN) underground mine in southeast Ecuador. The company now expects to…
Lundin sells European mines to Boliden for US$1.3B
Canada’s Lundin Mining (TSX: LUN) is selling its Neves-Corvo mine in Portugal and the Zinkgruvan mine in Sweden to Boliden (STO: BOL) for US$1.3 billion in upfront cash, with potential…