China’s Shenghe throws Vital Metals a lifeline
Chinese rare earth miner Shenghe Resources is acquiring new shares in Vital Metals (ASX: VML) for an initial A$5.9 million ($3.8 million), allowing the Australian miner to move forward with…
Articles by Cecilia Jamasmie
Rinehart buys 18% in Azure Minerals to block SQM takeover
Australia’s richest woman Gina Rinehart’s Hancock Prospecting said on Friday it had acquired 18% of Azure Minerals (ASX: AZS), in a strategic move aimed at checking Chilean lithium giant SQM’s…
Cornish Metals shares rise after it preps to dewater tin mine in UK
Shares in Cornish Metals (TSX-V: CUSN; LSE: CUSN) rose by 12.9% Thursday after the company announced it had kicked off work to dewater a past-producing tin mine at its South…
Rinehart may block SQM’s $1B takeover bid of Azure Minerals
Australian billionaire Gina Rinehart, who recently thwarted Albemarle’s (NYSE: ALB) attempt to buy Liontown Resources (ASX: LTR), is now said to be evaluating ways to block Chilean lithium giant SQM’s A$1.6…
Sibanye-Stillwater shake-up puts more than 4,000 jobs at risk
Precious metals producer Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) said a planned restructuring could see it shut down four loss-making platinum group metal (PGM) mines in South Africa, resulting in the…
SolGold advances plan to sell flagship Ecuador copper project
SolGold (LSE: SOLG) said on Wednesday it’s making headway with the potential sale of its flagship Cascabel copper-gold project in Ecuador, as it has held talks with more than 20…
De Beers output drops amid Venetia mine transition
De Beers, the world’s largest diamond producer by value, saw production fall 23% to 7.4 million carats in the third quarter ended Sept. 30 as a result of planned slow-down…
Petra Diamonds says supply curbs, India’s moratorium stabilizing market
Petra Diamonds (LSE: PDL) said on Tuesday that operations at its Cullinan and Finsch mines in South Africa, and the resumption of production at the Williamson mine in Tanzania, led…
Horizonte Minerals in talks to fund nickel project overrun
Horizonte Minerals (TSX: HZM) said on Monday that it’s holding talks with major shareholders and lenders to solve the current funding gap for the company’s Araguaia nickel project in northern…
SQM buys 30% stake in Australia’s Pirra Lithium
Chilean lithium giant SQM (NYSE: SQM) has agreed to buy a 30% interest in Australia’s Pirra Lithium, a junior launched in March from the combination of certain exploration assets in…
Atlantic Lithium gets go-ahead for Ghana’s first battery metal mine
Atlantic Lithium (ASX: A11) has the green light to develop Ghana’s first lithium operation after its local subsidiary received a mining permit for its flagship Ewoyaa project. The 15-year permit…
Ionic wins licence to mine rare earths in Uganda
Australia’s Ionic Rare Earths (ASX: IXR) on Friday secured a large-scale mining licence for its the Makuutu heavy rare earths project in Uganda. The permit was granted by the Ugandan Directorate…