Glencore offers to buy rest of PolyMet for US$71M
Mining and commodities giant Glencore (LSE: GLEN) has offered PolyMet Mining (TSX: POM; NYSE: PLM) to buy the company’s shares it does not already own for US$2.11 in cash each,…
Nickel
Swiss seek halt on deep sea mining
Switzerland’s Federal Council has called for a moratorium on deep-sea mining in the international seabed area due to concerns about its harmful effects. The Swiss government stated that commercial exploitation…
Mining the moon to lift off within 10 years, says NASA
The United States’ space agency (NASA) is looking to operate a pilot processing plant for lunar resources by 2032, as part of its planned Artemis missions that will also take…
Glencore grabs 10% of Stillwater Critical Minerals
Stillwater Critical Minerals (TSXV: PGE; US-OTC: PGEZF) has welcomed Glencore Canada as a major investor to help advance its portfolio of nickel exploration and development projects in North America. Under…
Norway to open its waters to deep-sea mining
The Norwegian government outlined on Tuesday details of a plan to open its sea floor for commercial mineral exploration and extraction, targeting metals considered essential for the transition to a…
Mining deal-making declines, but Beaty and others see opportunities
As the value of mining industry mergers and acquisitions falls from last year’s high, some investors see divergent trends moderating conditions. They say share prices are reasonable or low for…
EV Nickel doubles Shaw Dome resource near Timmins
An updated resource at EV Nickel’s (TSXV: EVNI) Shaw Dome project in northern Ontario adds more than 24 million tonnes of contained metal to the W4 deposit over a previous…
Appian sells nickel-copper mines in Brazil to ACG for US$1 billion
Private equity firm Appian Capital Advisory is selling its wholly owned Atlantic Nickel and Mineração Vale Verde operations in Brazil to ACG Acquisition Co. (LSE: ACG) for US$1 billion cash….
Ero Copper expands into nickel at Caraíba in Brazil, plans to double copper output
Brazil-focused Ero Copper (TSX: ERO; NYSE: ERO) is reporting new drill results for nickel targets at Caraíba as it advances the Tucumã project to double the company’s copper output by…
GMS Video: How Power Nickel combines new tech, Quebec financing to snag a major’s interest
Terry Lynch, CEO of Power Nickel, says he’s using novel sonar technology to update a resource estimate in September at the Nisk project in Quebec, but a major player may…
GMS: Quebec touts millions of government funding for battery metal projects
Quebec is becoming known for mining project funding that hands out several hundred million dollars a year and promotes the province as a battery metals hotspot. The province’s funding structure…
Labour costs will soon beat oil as mine’s biggest expense, new data indicate
Labour costs are replacing oil products as a mine’s most expensive item as inflation impacts operating expenses more than capital costs, new reports show. Wages for some copper and gold…