AngloGold closer to production in Nevada with Corvus takeover
South Africa’s AngloGold Ashanti (NYSE: AU; JSE: ANG) expects to start producing gold in Nevada, U.S., by 2025 at the latest, as the company officially took over Canada’s Corvus Gold…
United States
Talon Metals to supply nickel to Tesla from Tamarack project in Minnesota
Talon Metals (TSX: TLO) has signed a deal with electric vehicle maker Tesla to provide 75,000 tonnes of nickel in concentrate over a six year period from the Tamarack nickel-copper-cobalt…
EV industry moving in right direction to close gap with internal combustion engines – report
Although there is still a way to go for electric vehicles to close the performance, safety, and cost gap with internal combustion engines, a recent report by IDTechEx says some…
Corvus agrees to $370M takeover by AngloGold Ashanti
Corvus Gold (TSX: KOR; NASDAQ: KOR) said the majority of its shareholders voted in favour of AngloGold Ashanti (NYSE: AU) taking control of the company in a deal valued at…
Kazakh uranium industry unaffected by unrest
The world’s largest uranium producer, Kazatomprom, remains unaffected by the ongoing turmoil in the Central Asian state of Kazakhstan, Reuters reported the Kazakh producer as saying. “Uranium mining is going…
Tin price outlook dims in 2022, report
Following on the heels of record-setting tin prices in 2021, the price outlook for 2022 is slightly softer as continued demand growth spurs increased investment to bolster metal supply, says…
Rise Gold shares bounce on draft EI report for Idaho-Maryland project
Shares in US-focused junior Rise Gold (CSE: RISE; US-OTC: RYES) jumped more than 42% in Toronto trading Tuesday morning after it received a Draft Environmental Impact Report (DEIR) for its…
Jervois up despite inflation pressuring Idaho Cobalt Operations capex higher
Shares in Australian battery metals company Jervois Global (ASX: JRV; TSXV JRV) were trending more than 5% higher on December 16 despite an overnight announcement that the expected capital expenditure…
Hudbay releases initial estimate for Copper World, near Rosemont in Arizona
Hudbay Minerals (TSX: HBM; NYSE: HBM) has released the initial resource estimate for its Copper World deposit with 272 million indicated tonnes and 142 million inferred tonnes, both grading 0.36%…
Vale sells 50% stake in California Steel to Nucor for US$400 million
Vale’s (NYSE: VALE) Canadian subsidiary has agreed to sell its 50% stake in California Steel Industries (CSI) to Nucor (NYSE: NUE) for US$400 million, the company said. The Brazilian mining…
Improved interest in gold among US investors: BMO
In a “significant” shift in sentiment in the United States this week, investors appeared to be more interested in gold, according to BMO Capital Markets’ mining analyst Jackie Przybylowski. The…
ICMM members paid US$23.7B in taxes in 2020
The 28-members of the International Council on Mining and Metals (ICMM) reported total tax payments of US$23.7 billion in 2020, an effective tax rate of 39.7%, and an increase of…