Editorial: Mining-powered rockets vs dockets
As we look in the waning days of summer to the United States’ Southwest in this edition, it strikes us that there’s been a staggering number of days that only…
United States
Kodak never saw it coming either. How lab-grown diamonds rocked the industry
Since early 2022, the price of polished natural diamonds has fallen roughly 40%. The industry is being buffeted by negative economic headwinds, an excess of mine supply and too much…
GM delays $330M Thacker Pass funding in latest sign of lithium slowdown
General Motors (NYSE: GM) has postponed a $330-million investment in Lithium Americas (TSX: LAC; NYSE: LAC), pushing the second tranche of their $650-million deal, announced in early 2023, to the…
Latest permit for Hudbay project in Arizona paves way for major U.S. copper boost
Hudbay Minerals (TSX: HBM; NYSE: HBM) now has in hand the second-last permit it needs to start construction at its 85,000-tonne-per year Copper World project in Arizona. The permit granted…
Ganfeng Lithium cuts spending as consumers ease off the pedal for EVs
China’s Ganfeng Lithium, one of the world’s largest producers of the battery metal, says it will delay spending on projects that don’t generate “significant near-term returns” after reporting a first-half loss…
Cordoba Minerals bags Alacran permit approval in Colombia
Cordoba Minerals (TSXV: CDB; US-OTC: CDBMF) has secured a construction permit for the Alacran copper-gold-silver project in Colombia with work set to start by the second quarter next year, assuming…
Almonty nears first production at its tungsten mine in South Korea
Almonty Industries (TSX: AII, ASX: AII), which is closing in on first production from its Sangdong tungsten mine in South Korea later this year, says it recently hosted a delegation…
Shallow drill results show promise for expanding the San Albino mine in Nicaragua
Mako Mining’s (TSXV: MKO; US-OTC: MAKOF) shares in Toronto stayed flat Wednesday despite reporting double-ounce gold drill results at Las Conchitas near its San Albino mine in Nicaragua. The company’s…
Borealis pours first gold as Nevada mine’s new owner
Borealis Mining (TSXV: BOGO) says it’s poured its first gold at the Borealis mine in Nevada after acquiring the past-producing site this year. The recently-listed miner poured doré bars weighing…
Euro Manganese signs on US chemical firm as offtake partner
Euro Manganese (TSXV, ASX: EMN) says it’s gained its second off-take agreement in a week for the Chvaletice project in Czechia, the European Union’s sole large resource of the battery metal….
Global copper surplus swells — report
The world’s surplus of refined copper quadrupled in the first half of 2024 compared to a year ago following a growth in production and recovery in mine output, preliminary data…
Volt Lithium starts tests of field unit in Texas
The unit will be capable of processing over 200,000 liters of oilfield brine per day.