Elemental Altus to pay $4.5M for Far North tungsten royalties
The move comes after the sale of the Nickel King property, highlighting the company’s focus on advancing the South Crofty tin project in the UK.
Europe
Serbia inks lithium memos with EU amid Jadar’s revival
Serbia, the European Union and Germany inked a series of agreements on Friday that may grant EU members as well automakers Mercedes Benz and Stellantis exclusive access to Serbian lithium. …
Ukraine seeks experts to revive war-ravaged steel sector
Ukraine is issuing a call for international mining experts to boost its steel industry accounting for about a tenth of the economy as the war crushes infrastructure and takes most…
USGS issues first earthquake risk study on commodities
Scientists with the United States Geographical Survey, a government research agency, have developed a new scientific assessment of how earthquakes threaten worldwide mineral commodity supplies. The methodology was developed…
ACG opts for US$290M copper mine in Turkey after dead US$1B nickel deal
ACG Acquisition (LSE: ACG), founded by a mining executive who helped create aluminum giant Rusal, is taking another stab at green metals after a US$1 billion deal last year failed to…
Dull diamond market hinders Anglo’s sale of De Beers
Anglo American (LSE: AAL) revealed on Thursday it could cut diamond production once again amid persistent market challenges, complicating its plan to sell its De Beers unit as part of…
Fortescue cuts 700 jobs, slows down green hydrogen plans
Fortescue (ASX: FMG) plans to cut about 700 jobs, or 4.5% of its global workforce, as part of a new restructuring push that will see the Australian iron ore miner scale…
Rio Tinto names Shell’s Katie Jackson as new copper chief
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has appointed Katie Jackson, a former Shell executive, as the new head of the company’s copper division, based in London, U.K. Jackson,…
Agnico expands First Nordic stake to 13%
Agnico Eagle Mines (TSX: AEM; NYSE: AEM), Canada’s largest miner by market value, is investing $8.2 million to advance First Nordic Metals‘s (TSX-V: FNM) Oijärvi gold project that Agnico used…
Seabed mining body meets amid rising pressure for code
The International Seabed Authority (ISA) kicked off on Monday a two-week meeting expected to be pivotal as the UN body works on the world’s initial regulations for the mining activity,…
Serbian top court clears path for Rio Tinto’s Jadar lithium project
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) could be back in the running to develop Europe’s top lithium mine after a Serbian court ruled the government unlawfully revoked the…
Critical Metals finalizes JV deal for Saudi Arabia lithium plant
Critical Metals Corp. (NASDAQ: CRML) says it’s finalized a deal with Saudi Arabia’s Obeikan Group to build a large-scale lithium hydroxide processing plant in the kingdom. The two will form…