Sixth Fortescue executive quits in less than a year
Fortescue‘s (ASX: FMG) global growth director, Julie Shuttleworth, has become the sixth senior executive to leave the company in less than a year, after spending more than a decade at…
Australia, NZ & South Pacific
Mawson and Southern Cross getting back together
Mawson Gold (TSXV: MAW) and Southern Cross Gold (ASX: SXG) agreed to merge this week, creating a new dual ASX and TSXV-listed company named Southern Cross Gold after Mawson spun…
Inflection Resources uses space technology to search for copper in Australia’s Macquarie Arc
Vancouver-based Inflection Resources (CSE: AUCU; US-OTC: AUCUF) and Fleet Space are collaborating to use space technology and artificial intelligence to accelerate the discovery of large-scale copper-gold deposits in Australia’s Macquarie…
BHP, Spence mine workers reach initial wage deal
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) has reached a preliminary wage agreement with workers at its Spence copper mine in Chile, which could avoid a planned strike at the…
SolGold inks contract for Ecuador’s biggest project
SolGold (LSE, TSX: SOLG) signed a decades-long deal with the Ecuadorian government for the country’s largest-ever mining project, the US$3.2 billion Cascabel copper-gold mine. The shares gained a penny to…
B2Gold nets US$90M stake in Versamet after royalty package sale
Canadian gold major B2Gold (TSX: BTO; NYSE-AM: BTG) has agreed to sell a portfolio of 10 precious and base metals revenue shares to Sandbox Royalties, to be renamed Versamet Royalties,…
Most energy and mining projects 20% in the red: study
Miners and energy companies are facing average budget overruns of 15% to 20%, which puts nearly US$1.5 billion of capital invested in energy transition-related projects at risk each year through…
Lion One’s Tuvatu starts full-scale mining as drills hit bonanza Fiji gold
South Pacific-focused Lion One Metals (TSXV: LIO) has kicked off production at the Tuvatu gold project in western Fiji. It also reported a bonanza drill intercept in Zone 5, where…
BHP opts for mediation to avert strike at Spence mine
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) has requested the Chilean government to mediate talks with union leaders at its Spence copper mine to avert a strike. The call for…
Australia directs Chinese crit-min backers to divest
Australia has ordered several China-linked investors to sell their 10.4% holding in rare earths project developer Northern Minerals (ASX: NTU) in a move similar to Canada’s two years ago. The…
Ramelius Resources secures permit for Cue gold project
Australian gold miner Ramelius Resources (ASX: RMS) has secured a key permit from the Western Australian government for the company’s Cue gold project, which paves the way for early works to…
Rio Tinto invests US$143M in low-emission steel plant
Rio Tinto (ASX, NYSE: RIO) is investing US$143 million in a new research and development centre in Western Australia that will be focused on developing low-emission steel production methods. The…