Trevali sells stake in Namibia’s Rosh Pinah mine to Appian
Trevali Mining will sell its 90% interest in the Rosh Pinah zinc-lead-silver mine, in Namibia, to Appian Natural Resources Fund III. The embattled miner has had a difficult financial and…
Regulatory Issues
Newcrest CEO Biswas leaves Australia’s top gold miner
Newcrest Mining (TSX: NCM; ASX: NCM) announced on Monday that its chief executive officer Sandeep Biswas is retiring from the role effective immediately, after eight years at the helm of Australia’s top gold…
EnCore Energy wins court challenge to South Dakota uranium project
EnCore Energy (TSXV: EU; OTCQB: ENCUF) has won a court challenge to its US$32 million Dewey-Burdock uranium project in South Dakota. The Oglala Sioux Tribe and watchdog group Aligning for…
Panama orders suspension of First Quantum’s giant copper mine
Panama’s government has ordered First Quantum Minerals (TSX: FM) to halt operations at its Cobre Panama copper mine after it failed to agree terms for a new contract with the…
Snow Lake investor battle brings raw energy to Manitoba lithium project
A shareholder rift over millions of dollars in executive pay at Snow Lake Resources (NASDAQ: LITM) is rattling the explorer’s plans to develop a lithium project in northwest Manitoba. Management…
First Quantum Panama copper mine deadline passes without a deal
The government of Panama has rejected a last-minute proposal by First Quantum Minerals (TSX: FM) to amend its US$375 million a year royalty agreement, casting the operation of the Cobre…
ESG and mining debate: cultish activism vs. modern business sense
Are environmental, social and governance (ESG) guidelines the bible of a shadowy priesthood of consultants, or are they just good for business? Those two sides took shape during an online…
SolGold shares dive despite raising US$36M with Jiangxi backing
Shares in Ecuador-focused SolGold (TSX: SOLG; LSE: SOLG) dropped on Monday more than 7% after revealing it had completed a US$36-million capital raise with the participation of new investors, including…
Glencore pays US$180M to Congo after admitting corruption
Miner and commodities giant Glencore (LSE: GLEN) said on Monday it will pay the government of the Democratic Republic of the Congo US$180 million to settle all alleged corruption claims…
Colombian president calls for mining code reform to favour small-scale ‘traditional’ operations
Colombian President Gustavo Petro proposed over the weekend a new reform to the country’s mining code, which was initially issued in 2001. During a town hall held in the town…
Fortescue keeps women on the top job with Fiona Hick’s appointment
Australia’s Fortescue Metals Group (ASX: FMG) has named former Woodside Energy (ASX: WDS) executive Fiona Hick as its new chief executive officer, effective February 2023. With the appointment, the iron…
Wealthiest nations offer Indonesia $20B to wean it off coal
Rich nations led by the U.S. and Japan have pledged to give Indonesia a US$20-billion package to help the coal-dependent country shift to renewable energy and reach carbon neutrality by…