Asteroid mining startup to launch mission in early 2024
AstroForge, a U.S.-based startup with plans to mine asteroids, is fine-tuning details for the launch of a spacecraft in the first quarter of next year, which would make it the…
Articles by Cecilia Jamasmie
Erdene Resources gets US$30M on revised deal for Mongolia gold project
Erdene Resource Development (TSX: ERD) has received a US$30 million ($41.1 million) investment earlier than originally planned after amending its strategic alliance deal with Mongolia’s largest independent miner for the development…
Paladin becomes sole owner of Michelin uranium project in Labrador
Shares in Australia’s Paladin Energy (ASX: PDN) rose Wednesday after the company announced it had increased its interest in the Michelin uranium project, in Labrador to 100% from 75% previously. As…
Codelco makes first foray into lithium with US$245M deal for Aussie developer
Chilean state-owned copper miner Codelco, the world’s largest copper producer, has reached a deal with Lithium Power International (ASX: LPI) to buy the Australian producer of the battery metal for…
Teck faces $11M fine for alleged breach of enviro permit in Chile
Teck Resources (TSX: TECK.A | TECK.B; NYSE: TECK), Canada’s largest diversified miner, is facing two charges from Chile’s environmental regulator SMA for alleged breaches of its permit at the Carmen…
Rio Tinto cuts Canadian iron ore guidance
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has once again cut iron production targets for its iron ore operations in Canada, citing extended plant downtime and conveyor belt failures. Output from…
Newmont starts ramp-up at Peñasquito as strike ends
Newmont (TSX: NGT; NYSE: NEM), the world’s largest gold producer, has begun restarting operations at its Peñasquito mine in Mexico, after reaching a definitive agreement with striking workers last week….
Scotgold in advanced funding talks to avoid default
Embattled miner Scotgold Resources, which operates Scotland’s only gold mine, said on Monday it was close to securing enough funding from a new strategic investor, which will help it avoid going into…
Egyptian tycoon eyes stake in Barrick’s Reko Diq project
Egyptian billionaire Naguib Sawiris, the northern African country’s second-wealthiest person, is said to be seeking a stake in the US$7 billion Reko Diq copper-gold project, jointly owned by Barrick Gold…
Loulo-Gounkoto to remain among world’s top 10 gold producers: Bristow
Barrick Gold’s (TSX: ABX; NYSE: GOLD) president and chief executive Mark Bristow said this weekend that the Loulo-Gounkoto complex in Mali is set to maintain its status as one of…
Rinehart closer to blocking Albemarle’s takeover of Liontown
Australian billionaire Gina Rinehart’s company Hancock Prospecting has once again increased its stake in Liontown Resources (ASX: LTR) to 16.7%, becoming the company’s largest shareholder. Australia’s richest person has been…
Strike at Newmont’s Peñasquito ends with 8% raise
Workers at Peñasquito, Mexico’s largest gold mine, accepted a proposal from operator Newmont (NYSE: NEM; TSX: NGT) late on Thursday, ending a four-month-long strike that cost the miner millions of dollars…