Chile opens 26 lithium salt flats to private companies
Chile has revealed a long-awaited list of lithium-bearing salt flats that will be open to private investors with the goal of increasing local production of the battery metal by 70%…
Articles by Cecilia Jamasmie
Silvercorp clears way for Perseus Mining takeover of OreCorp
A winner has emerged in the months-long battle for Africa-focused gold developer OreCorp (ASX: ORR). The Australia-based company is recommending shareholders accept the off-market takeover offer from Perseus Mining (TSX:…
Northern Star seeks to expand the already massive gold ‘Super Pit’
Northern Star Resources (ASX: NST), the owner of Western Australia’s biggest open-pit gold mine, the Super Pit, is seeking approval for a significant expansion to the already massive operation. The…
Gemfields’ sparkle dims, profit falls 86% on nixed sale
Coloured gemstones miner Gemfields (LSE: GEM) posted on Monday a 86% drop in pre-tax profit for 2023 due partly to the cancellation of a high-quality emerald auction in November, a lower…
Taseko to become sole owner of Gibraltar copper mine in BC
Taseko Mines (TSX: TKO; NYSE: TGB; LSE: TKO) said on Monday it’s acquiring the remaining 12.5% interest in the Gibraltar mine, the second largest open-pit copper operation in Canada, from current…
Freeport, Barrick, Newmont among winners in nearly US$500M for clean energy
The Biden administration is granting almost half a billion dollars to clean energy projects run by Freeport-McMoRan (NYSE: FCX), the Nevada Gold Mines partnership of Barrick Gold (TSX: ABX; NYSE: GOLD)…
Gemfields warns of $2.8 million loss on writedown
Precious gemstones miner Gemfields (LSE: GEM) warned on Friday that it expects to swing to a loss of US$2.8 million in 2023 from a US$74.3 million profit the previous year…
Lucapa finds Lulo mine’s fifth-largest diamond
Australia’s Lucapa Diamond (ASX: LOM) has recovered a 203-carat diamond at its prolific Lulo mine in Angola, the fifth-largest ever found at the operation. The diamond is also the third 100-carat-plus stone found at Lulo this…
Soaring gold price boosts Centamin’s profits
Egypt-focused Centamin ((TSX: CEE; LON: CEY) has reported a 25% increase in annual profit thanks to higher gold sales at soaring prices for the precious metal. The miner’s profit last…
Hummingbird faces fresh headwinds at Guinea mine
Africa-focused Hummingbird Resources (AIM: HUM) is facing more challenges at its Kouroussa gold mine in Guinea after one of its main contractors, Corica Mining Services, halted activities because of contractual…
Glencore’s carbon emission jumped 8.8% in 2023, reveals new climate plan
Mining and commodities trader Glencore (LSE: GLEN) has reported an 8.8% in its carbon emissions for 2023 as a consequence of expanding coal production and restarting an oil refinery in…
Vale faces fresh US$3.8B lawsuit over 2015 dam disaster
Vale (NYSE: VALE) is facing a £3-billion (US$3.8 billion) lawsuit in the Netherlands related to the 2015 collapse of a dam in Brazil, adding to a long list of existing…