Glencore to sell stake in troubled New Caledonia nickel operation
Glencore (LSE: GLEN) said on Monday it will close and sell its stake in the loss-making Koniambo Nickel SAS (KNS) business it co-owns in New Caledonia, as a sharp drop…
Europe
Video: Mazumdar highlights sector’s challenges; need for sentiment shift
Of the many challenges facing the mining sector right now, the biggest one is investor sentiment, says Joe Mazumdar, mining analyst, editor and writer of the Exploration Insights Newsletter. Mazumdar,…
Ivanhoe, Trafigura to be first users of African rail through Angola
Canada’s Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) and commodities trader Trafigura on Wednesday made a deal to transport copper by rail from the Democratic Republic of Congo (DRC) to neighbouring…
Gabriel Resources says share surge not tied to Romania mine arbitration
Gabriel Resources (TSXV: GBU) said on Friday that the recent surge in its share price is unrelated to the outcome of its upcoming arbitration process with the International Centre for…
VRIC: Gold set to gain as shine comes off US dollar
Escalating U.S. debt and a global move away from the U.S. dollar as the world’s reserve currency presents opportunity for gold and a complex landscape for mining, a recent industry…
Northern Graphite shares up on news of battery materials group launch
Shares in Northern Graphite (TSXV: NGC; US-OTC: NGPHF) rose 25% Wednesday after it announced the launch of its NGC Battery Materials Group to lead its mine-to-battery strategy, which would make…
How LFP batteries brought EV metal markets back to earth
When Elon Musk first announced Tesla’s move to LFP (lithium iron phosphate) batteries in February 2020, many were skeptical. LFP didn’t seem to fit with Tesla’s luxury and sporty carmaker…
BHP diverts shipments to avoid Red Sea attacks
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) is diverting some of its shipments from Asia to Europe away from the Red Sea due to the increase in drone and missile…
Hochschild targets 15% rise in precious metals output in 2024
Hochschild Mining (LSE: HOC) ended 2023 at the top end of its revised production guidance, with costs also anticipated to be in line with expectations, the U.K.-based precious metals producer…
Eldorado Gold buys 9.9% of Amex Exploration to boost Perron project in Quebec
Eldorado Gold (TSX: ELD; NYSE: EGO) is buying almost 10% of Amex Exploration (TSXV: AMX; US-OTC: AMXEF) to advance the Perron gold project in the same northern Quebec district as…
Energy metals snapshot: Eight companies hunting for green technology metals
Green metals are critical to new decarbonization technologies including lithium-ion batteries, electric and hybrid vehicles, while rising demand for nuclear energy projects is spurring the increase in uranium prices. Here…
Norway approves deep sea mining in Arctic Ocean
Norway’s parliament approved on Tuesday commercial plans to open the Arctic Ocean to seabed mineral exploration, despite environmental groups and the fishing industry’s warnings that the move would risk the…