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Iron-ore retreats as mounting concerns on weakening steel demand weigh
Iron-ore retreats as mounting concerns on weakening steel demand weigh
22nd October 2024 By: Reuters

Prices of iron-ore futures fell on Tuesday, weighed down by concerns that demand for the key steelmaking raw material will slide, with steel demand in top consumer China showing signs of... 


Northern accelerates LDI mill maintenance to boost output
Northern accelerates LDI mill maintenance to boost output
22nd October 2024 By: Creamer Media Reporter

Graphite flake producer Northern Graphite has brought forward mill maintenance and repairs at its Lac des Iles (LDI) operation, in Quebec, to accelerate throughput expansions in the face of rising... 


Florence copper project 40% complete, reports Taseko Mines
Florence copper project 40% complete, reports Taseko Mines
22nd October 2024 By: Mariaan Webb

The Florence copper project is advancing on schedule and is now about 40% complete, keeping on track for first production in about a year’s time. In an update on Monday, CEO Stuart McDonald said... 


Rio2 secures $150m for new Chile gold mine construction
Rio2 secures $150m for new Chile gold mine construction
22nd October 2024 By: Mariaan Webb

Canada-headquartered Rio2 is set to advance the development of Chile’s next gold mine with a secured $150-million construction financing package. The financing includes $120-million from Wheaton... 


Citi stays bullish on gold, hikes price 3-month outlook to $2 800/oz
Citi stays bullish on gold, hikes price 3-month outlook to $2 800/oz
22nd October 2024 By: Reuters

Citi Research raised its three-month forecast for gold prices, citing possible further US labour market deterioration, interest rate cuts by the Federal Reserve, and physical and ETF buying, it... 


Pan African’s latest R2.5-billion Mogale gold tailing retreatment operation on the West Rand.
Pan African lists new instrument under JSE’s sustainability segment
21st October 2024 By: Martin Creamer

Gold producer Pan African Resources on Monday announced the listing of a sustainability-linked instrument under the sustainability segment of the JSE. Following an oversubscribed bookbuild, Pan... 


Calibre’s Valentine project’s costs rise, FY guidance downgraded
Calibre’s Valentine project’s costs rise, FY guidance downgraded
21st October 2024 By: Mariaan Webb

Construction of the multi-million-ounce Valentine gold mine, in Newfoundland and Labrador, is progressing well, reaching nearly 81% completion by the end of last month, TSX-listed Calibre Mining... 


Steel products stored in a warehouse
China’s steel demand has shrunk to less than half global total
21st October 2024 By: Bloomberg

China will account for less than half of global steel consumption in 2024 for the first time in six years, according to the World Steel Association, as the decline in the country’s real estate... 


West Red Lake upsizes placement
21st October 2024 By: Creamer Media Reporter

Canadian gold company West Red Lake on Friday announced it would increase the size of its previously announced bought-deal financing from C$20-million to C$25-million. The TSX-V-listed firm would... 


Endeavour CEO Ian Cockerill
Endeavour Mining targets 200 000 oz/y of gold from Côte d'Ivoire mine
21st October 2024 By: Reuters

London-listed Endeavour Mining said on Saturday it had a goal of producing about 200 000 ounces of gold per year from 2025 from its second gold mine in Côte d'Ivoire. Lafigue Mine, inaugurated on... 


Newmont’s Peñasquito signs labour agreement
21st October 2024 By: Creamer Media Reporter

Gold miner Newmont announced on Friday that its Mexico subsidiary, Newmont Peñasquito, had signed a new collective bargain agreement (CBA) with the National Union of Mining, Metallurgical, Steel,... 


Graphite One lines up potential $325m Exim loan
Graphite One lines up potential $325m Exim loan
21st October 2024 By: Creamer Media Reporter

North America-focused Graphite One has received non-binding letter of interest from the Export-Import Bank of the United States (Exim) for potential debt financing of up to $325-million to fund a... 


BME MD Ralf Hennecke
Omnia Holdings offering broader value proposition through BME mining segment
21st October 2024 By: Martin Creamer

Leading mine blasting solutions provider BME today announced a new alignment with Protea Mining Chemicals, which provides one point of contact for two solutions through the BME brand. In this... 


AuMEGA plans $10m private placement
18th October 2024 By: Creamer Media Reporter

Canada-focused AuMEGA Metals (formerly Matador Mining) said on Friday that it was in the process of arranging a private placement of $10-million. The ASX- and TSX-listed company would use the... 


komati power station with solar panels in front
German energy expert says energy transition a mistake
18th October 2024 By: Darren Parker

The energy transition in its current form, as a grid-scale build out of wind and solar with the goal to replace oil, coal, and gas, is probably one of the greatest mistakes that humanity has ever... 


US awards contracts for making higher enriched uranium for new reactors
18th October 2024 By: Reuters

The US rolled out initial contracts to four companies hoping to produce a new, more highly enriched uranium fuel for an expected wave of high-tech reactors, the US Energy Department said on... 


UEC expands production capacity at Wyoming plant
UEC expands production capacity at Wyoming plant
18th October 2024 By: Mariaan Webb

US-based Uranium Energy Corp (UEC) has received approval from the Wyoming Department of Environmental Quality to increase the licensed production capacity at its Irigaray central processing plant... 


Madsen restart on track for 2025 as West Red Lake shores up C$68m
Madsen restart on track for 2025 as West Red Lake shores up C$68m
18th October 2024 By: Mariaan Webb

The Madsen gold mine, in Ontario, is set for a 2025 restart as owner West Red Lake has secured financing to recommence production. The TSX-V-listed company has secured commitments totalling more... 


The Kiena Gold Complex
Wesdome Gold gaining momentum
18th October 2024 By: Creamer Media Reporter

Canadian miner Wesdome Gold is on track to achieve the midpoint of its guidance of 160 000 oz to 180 000 oz, thanks to increasing operational momentum. The company on Thursday reported a strong... 


Spot gold tops $2 700 as metal extends its record-breaking run
Spot gold tops $2 700 as metal extends its record-breaking run
18th October 2024 By: Bloomberg

Gold topped $2 700 an ounce for the first time, as an escalating conflict in the Middle East saw traders flock to safety. Bullion reached climbed as much as 0.3% to $2 700.47/oz, after Israel said... 


GM Battery module assembly at GM's Spring Hill Assembly in Tennessee
After Nevada lithium deal, GM eyes other sources for EV minerals supply
18th October 2024 By: Reuters

General Motors is eyeing further North American investments in lithium and other critical minerals used to build electric vehicles after boosting its investment in a Nevada mine to nearly... 


REE specialist appointed Resouro CEO
17th October 2024 By: Creamer Media Reporter

ASX- and TSX-V-listed explorer Resouro Strategic Metals has announced the appointment of Alistair Stephens as its new CEO, effective November 1. With a background in the mining industry spanning 35... 


Gold rallies to record with tight US election and data in focus
Gold rallies to record with tight US election and data in focus
17th October 2024 By: Bloomberg

Gold climbed to a record ahead of US data prints due later Thursday, with traders also monitoring an increasingly tight presidential race that’s driven demand for haven assets. Bullion climbed as... 


Iron-ore slumps toward $100 after housing briefing in Beijing
Iron-ore slumps toward $100 after housing briefing in Beijing
17th October 2024 By: Bloomberg

Iron-ore tumbled to a three-week low, a sign that investors doubt whether China’s latest moves to shore up the property market will do enough to boost construction activity and steel demand. China... 


An image showing the Sukari mine
Centamin lifts production, sales in the third quarter
17th October 2024 By: Tasneem Bulbulia

TSX- and LSE-listed Centamin increased production at its flagship Sukari mine, in Egypt, by 30% year-on-year to 131 726 oz in the quarter ended September 30, taking output for the nine months to... 


The Cortez mine is part of the NGM complex
Capital maintains full-year revenue guidance
17th October 2024 By: Creamer Media Reporter

London-listed mining services company Capital has reported a 17.6% year-on-year increase in revenue to $93.7-million for the third quarter and is maintaining its full-year revenue guidance at... 


NGEx placement upsized to C$175m
17th October 2024 By: Creamer Media Reporter

Owing to strong demand, Canadian exploration company NGEx Minerals has upsized its previously announced private placement from C$100-million to C$175-million. The TSX-listed firm will now place... 


Don Turvey is the newly appointed CEO of Cornish Metals
Vision Blue extends £7m to Cornish Metals
17th October 2024 By: Mariaan Webb

Aim- and TSX-V-listed explorer and developer Cornish Metals has received more backing from shareholder Vision Blue Resources, with a £7-million credit facility to support the South Crofty tin... 


DRDGOLD lifts first-quarter output, sales
17th October 2024 By: Tasneem Bulbulia

JSE- and NYSE-listed DRDGOLD’s production for the quarter ended September 30 increased by 7% quarter-on-quarter to 1 319 kg (42 407 oz), primarily owing to a 13% increase in tonnage throughput,... 


Hecla appoints new director
17th October 2024 By: Creamer Media Reporter

US silver miner Hecla Mining has appointed Jill Satre to its board of directors. She is currently the VP of internal audit and corporate compliance at North American energy company, TC Energy. 


E3 Lithium wraps up NRCan-funded pilot
17th October 2024 By: Creamer Media Reporter

TSX-V-listed E3 Lithium has completed all milestones of the pilot project funded by Natural Resources Canada’s (NRCan’s) Critical Minerals Research, Development and Demonstration (CMRDD)... 


Santos forecasts 2024 output at top end of forecast, Pikka first oil production may start early
Santos forecasts 2024 output at top end of forecast, Pikka first oil production may start early
17th October 2024 By: Reuters

Australia's second-largest oil and gas producer Santos estimated its full-year production to be at the top half of its forecast range on Thursday, and said its Pikka project could start oil... 


The Escondida copper mine in Chile
BHP posts strong Q1 iron-ore, copper results
17th October 2024 By: Mariaan Webb

The world’s biggest listed miner, BHP, has reported a robust start to the 2025 financial year, with production increases across all major commodities. Copper production saw a 4% increase, reaching... 


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