Rio Tinto to spend U$40M on Diavik diamond mine expansion
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is going ahead with a US$40-million expansion of its iconic Diavik diamond mine in the Northwest Territories, which will extend the operation’s…
Australia, NZ & South Pacific
Rio Tinto halves dividend on 41% annual profit drop
Mining giant Rio Tinto (LSE: RIO; ASX: RIO) has more than halved its 2022 dividend after posting a 41% drop in annual profit, which was the result of lower commodity…
Sibanye-Stillwater goes after Australia’s New Century Resources
Precious metals miner Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) has launched an off-market takeover bid for Australia’s New Century Resources (ASX: NCZ), offering to pay $83 million for the shares it…
TNM Drill Down: Canada produced the best gold assay of Feb. 10-17
Our TNM Drill Down features highlights of the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our sister company Mining…
Automation & IoT Snapshot: Eight suppliers supporting Industry 4.0
Miners are looking to digitalization and automation to increase productivity and safety and lower costs. Here’s a look at some of the suppliers that are offering up crucial connectivity, equipment…
Three ways to harvest more copper and save billions
Advances in technology to increase metal recovery could save billions of dollars and wipe out the 20% gap between copper supplies and demand as green energy accelerates, according to a…
Ghana mining fund mulls multi-million investment in Atlantic Lithium
Australia’s Atlantic Lithium (LSE: ALL; ASX: A11) said on Friday that is engaged in talks with Ghana’s state-owned Minerals Income Investment Fund (MIIF) for funding of up to US$30 million….
Karora grows gold resources at Beta Hunt mine in Australia
Karora Resources (TSX: KRR; US-OTC: KRRGF) has announced a significant increase in gold resources at its flagship Beta Hunt mine in Australia. The updated measured and indicated resource totals 1.4…
TNM Drill Down: Red 5’s King of the Hills drilling tops Feb. 3-10 gold assays
Our TNM Drill Down features highlights of the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our sister company Mining…
US stocks close lower during Feb. 6-10 trading week
During the Feb. 6-10 trading week, the Dow Jones Industrial Average fell 56.7 points or 0.17% to 33,869.3 and the S&P 500 fell 46 points or 1% to 4,090.5. Among…
TSX rises over the Feb. 6-10 trading week
Over the Feb. 6-10 trading period, the S&P/TSX Composite Index rose by 146.22 points or 0.7% to 20,758.34. The S&P/TSX Global Mining Index gained 3.34 points or 2.9% to 116.22…
Cyber threats on the rise for resource industries
Mining companies continue to embrace digital technology to improve productivity and safety, and to make the most of insights made possible by big data and increasingly connected equipment and operations….