NexGen lifts Australian equity raising to A$600m

Canadian uranium developer NexGen Energy has upsized its equity raising in Australia to A$600-million after strong demand from investors. The Vancouver-based company said on Thursday it had... 

Skeena raises C$125m for Eskay Creek, says BC govt strike delays permitting

Gold and silver developer Skeena Resources has launched a C$125-million equity raising to strengthen its balance sheet as it pushes forward with construction and permitting of its flagship Eskay... 

Paladin in A$300m equity-raise

Uranium miner Paladin Energy has unveiled plans for a fully underwritten equity raising of A$300-million to support the development of its Patterson Lake South (PLS) uranium project in Canada,... 

NexGen launches dual C$400m and A$400m raisings to fund uranium project

Canadian uranium developer NexGen Energy has unveiled a major dual-market equity raising, securing commitments for about C$400-million in North America and A$400-million in Australia to fund its... 

Pembroke founder Barry Tudor steps back

Coking coal producer Pembroke Resources founder Barry Tudor has stepped down as chairperson and CEO after more than a decade at the helm, handing the reins to seasoned mining executive Michael... 

Nova wins $43m US war funding to establish Alaska antimony supply

ASX-listed Nova Minerals’ US subsidiary Alaska Range Resources (ARR) has secured $43.4-million from the US Department of War to develop a domestic supply chain for antimony – a critical mineral... 

NextSource plans $291m graphite anode plant in Abu Dhabi

Canada-listed NextSource Materials has unveiled plans to build a $291-million battery anode facility (BAF) in Abu Dhabi, positioning itself as the largest anode producer outside Asia and a key... 

BHP tips A$840m into Olympic Dam to fuel copper growth

Diversified mining major BHP is pumping more than A$840-million into a suite of new projects at Olympic Dam in line with a vision to turn South Australia into a copper superpower. The investment,... 

Vale Base Metals boosts nickel output with Onça Puma furnace start-up

Vale Base Metals (VBM) has started operating a second processing furnace at its Onça Puma mining complex in Brazil’s Pará state, lifting nameplate capacity to 40 000 t/y. The Furnace 2 project,... 

Westgold charts 3-year path to 470 000 oz production by FY28

ASX- and TSX-listed Westgold Resources has unveiled a three-year plan to lift its yearly gold production from 326 000 oz in 2025 to 470 000 oz by the 2028 financial year, while cutting costs and... 

St Barbara weighs options for Atlantic and Simberi as guidance points to stronger year

Australian gold miner St Barbara has signalled it may hold on to its Atlantic business in Canada for longer than expected, while also exploring a potential sale of its Simberi mine in Papua New... 

DoE restructures Lithium Americas deal, secures equity stake in Thacker Pass project

The US Department of Energy (DoE) has restructured its $2.26-billion loan deal with Lithium Americas Corp (LAC), securing equity stakes designed to better protect taxpayers and strengthen domestic... 

Cornish Metals posts updated South Crofty PEA

Canadian explorer Cornish Metals has completed an updated preliminary economic assessment (PEA) for its South Crofty tin project, in Cornwall, UK, confirming robust economics for what could become... 

Japan Gold sinks 44% as Barrick exits exploration alliance

Shares of Japan Gold plunged 44% on Monday after the Vancouver-based explorer said Barrick Mining would walk away from their five-year strategic alliance in Japan. The partnership, struck in 2020... 

Alcoa to shut Kwinana refinery, 220 jobs axed

Aluminium giant Alcoa will permanently shut its Kwinana alumina refinery, delivering another blow to Western Australia’s industrial strip and putting 220 jobs on the line. The Pittsburgh-based... 

Viljoen to become Newmont’s first female CEO in company’s 104-year history

Gold major Newmont on Monday named COO Natascha Viljoen as its next president and CEO, marking the first time in the company’s 104-year history that a woman will lead the world’s largest gold... 

Australian Treasurer signals conditional support for struggling smelters

Federal Treasurer Jim Chalmers says the government is prepared to play a constructive role in supporting Australia’s embattled smelters but stressed that taxpayer funding must deliver “value for... 

$80m equity financing paves way for Pumpkin Hollow restart

Private equity firm Kinterra Capital is aiming to restart the Pumpkin Hollow underground copper mine in Nevada within the next 24 months, following the completion of an $80-million equity financing... 

Black Rock to kick off early works at Mahenge graphite project

ASX-listed Black Rock Mining will commence early works at its Mahenge graphite project in Tanzania after raising A$10-million in a recent equity placement. The programme, which will start in... 

Fortescue places China’s largest green mining equipment export order

Iron-ore major Fortescue has placed China’s biggest-ever export order for green mining machinery, signing a supply agreement with XCMG Machinery for 150 to 200 battery-electric haul trucks. The... 

MinRes completes Onslow haul road upgrades

Iron-ore producer Mineral Resources (MinRes) has wrapped up upgrades to its Onslow Iron private haul road in Western Australia, clearing the way for trucks to return to normal operating speeds.... 

McEwen Copper’s Los Azules secures RIGI approval for $2.7bn investment

Argentina has approved McEwen Copper’s Los Azules project for inclusion in the Large Investment Incentive Regime (RIGI), endorsing a $2.7-billion investment to advance one of the country’s most... 

Northern Dynasty reports $12m royalty payment, says Pebble talks continue

Copper and gold developer Northern Dynasty Minerals has received a $12-million payment under a royalty financing agreement as the Canadian developer continues to push for US government approval to... 

Gold Fields completes Gold Road deal, offloads Northern Star stake for A$1.1bn

South Africa-headquartered Gold Fields has cleared the last major conditions in its A$3.3-billion takeover of Australia's Gold Road Resources, after shareholders voted in favour of the deal and the... 

Core Lithium pays $2m to terminate last Finniss offtake

Lithium company Core Lithium has scrapped its last binding supply deal with a Chinese customer, paying $2-million to terminate its offtake agreement with Ganfeng Lithium and free up future... 

BHP strikes biggest renewables deal yet to power copper mines in South Australia

Diversified miner BHP has inked its largest renewable-energy agreement to date in South Australia, signing a 100-MW baseload supply deal with French developer Neoen to help power its copper... 

Kinross sells stake in Asante Gold for C$73m

Canadian miner Kinross Gold said on Tuesday that it had sold its entire common shareholding in Asante Gold for C$73.1-million. Kinross disposed of 36 927 650 shares, representing about 5.2% of... 

Board ‘acted independently’ in RDG decisions, says MinRes chair

Lithium and iron-ore miner Mineral Resources (MinRes) has executed a binding agreement to acquire the assets of Resource Development Group (RDG), including the failed company’s Lucky Bay garnet... 

Former New World execs appointed Peel Mining CEO, CFO

Copper exploration company Peel Mining has overhauled its executive deck with the appointment of two former top executives of New World Resources, which was recently acquired by Kinterra Capital.... 

MinRes plans $700m bond offering to refinance debt

Australian iron-ore and lithium miner Mineral Resources (MinRes) is preparing to tap debt markets with a proposed $700-million bond sale, aiming to refinance notes maturing in 2027 as the company... 

Newmont exits Orla Mining with $439m stake sale

US miner Newmont has sold its entire 13.3% interest in Orla Mining, generating $439-million in gross proceeds as the world’s top gold producer streamlines its portfolio. The Denver-based miner... 

Foran’s McIlvenna Bay project hits key milestones, stays on track for mid-2026 start

Critical minerals developer Foran Mining has reported steady progress at its McIlvenna Bay copper/zinc project in Saskatchewan, with construction now 56% complete and first production still... 

Peak shareholders to receive cash as Shenghe scheme becomes effective

ASX-listed Peak Rare Earths on Friday confirmed that the Supreme Court of New South Wales has approved the proposed acquisition of the company by Shenghe Resources (Singapore), clearing the final... 

Leo Lithium ends asset hunt, returns A$330m to shareholders

ASX-listed Leo Lithium has said it will distribute A$330-million to shareholders this year and wind down operations after abandoning its search for new assets. The company will return the cash in... 

Maxus Mining acquires Alturas antimony project from Equinox

Vancouver-based Maxus Mining has entered into a property option agreement with Equinox Resources to acquire a 100% interest in the Alturas antimony project, in British Columbia’s Slocan mining... 

QCoal starts consultation on Cook Colliery unit closure

Independent Queensland coal miner QCoal has begun consultation with workers at the Cook Colliery, near Blackwater in the Bowen basin, after flagging the potential closure of one of the mine’s two... 

Indigenous opposition clouds Teck-Anglo tie-up

The proposed merger of Teck Resources and Anglo American is drawing opposition from Indigenous leaders in British Columbia, who warn the deal cannot go ahead without consultation. The Osoyoos... 

Resolution Minerals raises A$25m ahead of proposed US listing

Australian junior Resolution Minerals has secured firm commitments for a A$25.1-million placement, attracting support from high net worth and institutional investors, as it positions itself to... 

Grim week for Queensland coal as Anglo and BHP shed jobs

The Queensland coal sector is facing a fresh wave of job losses, with Anglo American Australia confirming on Thursday that more than 200 positions will go, just a day after BHP announced 750... 

Artemis Gold lifts Blackwater capacity, orders long-lead equipment for Phase 2

Artemis Gold has approved plans to increase throughput at its Blackwater mine in British Columbia, announcing a 33% expansion of the Phase 1 processing plant and placing orders for key equipment...