Mining & Resources
Latest news, analysis, and insights from ASX mining & resources companies
TNR Gold Corp welcomes McEwen Mining’s submission of Loz Azules copper project for Argentinian investment incentives
North American producer McEwen Mining (NYSE: MUX) has put forward its US$2.7 billion Los Azules copper project for admission to Argentina’s large investment incentive regime (RIGI), through its subsidiary companies McEwen Copper and Andes Corporación Minera SA. Approximately US$227 million has been committed under the RIGI to complete the project’s feasibility study, conduct additional exploration […]
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Anglo American sells nickel assets to MMG as part of strategic refocus
Anglo American has sold its nickel arm for US$500m to a Singapore-based subsidiary of MMG as part of a plan to tighten its business. The company’s nickel business comprises two ferronickel operations in Brazil – Barro Alto and Codemin – and two large greenfield growth projects, Jacaré and Morro Sem Boné. The Barro Alto mine, […]
Barrick Gold’s North American operations help lift Q4 performance
Barrick Gold’s (NYSE: GOLD) North American operations have helped deliver a strong performance in Q4. The North America, Africa and Middle East operations each met their production guidance for the year, while Barrick also advanced the Fourmile project in Nevada. Year-on-year operating cash flow increased by 20% to US$4.49 billion and, driven by stronger earnings, […]
Cameco and Kazatomprom suspend Inkai operations amid regulatory delays, boosting uranium prices
The global uranium price improved after the giant Inkai joint venture operations in Kazakhstan were suspended due to a delay in receiving key government approvals. Canada’s Cameco (40%) confirmed the shutdown of production activity at the JV operation after being informed by partner Kazatomprom (60%) that the in-situ recovery JV failed to receive an extension […]
Barton Gold sets up 2025 growth with Tunkillia and Tarcoola advancements
South Australian gold miner Barton Gold (ASX: BGD) (OTCQB: BGDFF) is confident it is well-positioned to take significant steps in 2025 to bring its Tunkillia and Tarcoola projects closer to commercialisation. Non-executive chair Ken Williams told the company’s AGM today that Barton is set to build on what has been a highly successful 2024, with […]
Base Resources receives $375m takeover bid from Energy Fuels to create global critical minerals group
US-based critical minerals producer Energy Fuels has made a takeover bid for Australian company Base Resources (ASX: BSE) to create a billion-dollar global business with a focus on rare earth elements, uranium and mineral sands production. Under the terms of the proposal, Base shareholders will receive 0.026 Energy Fuels shares for each Base share held […]
Australian billionaire Gina Rinehart takes strategic stake in US rare earths miner MP Materials
Gina Rinehart’s mining arm Hancock Prospecting has added to its growing interests in rare earth elements by acquiring a 5.3% share in US miner MP Materials (NYSE: MP). The new stake sits in Hancock Prospecting’s expanding global stable of critical minerals assets alongside her 10% interest in Australia’s Arafura Resources (ASX: ARU) and a 5.8% […]
Barton Gold’s Tunkillia resource estimate surges to 1.5 million ounces
Barton Gold’s (OTCQB: BGDFF) aggressive drilling campaigns have again paid off with the company lifting the Tunkillia joint ore reserves committee (JORC) mineral resource estimate (MRE) to 1.5 million ounces. The MRE has estimated the project holds around 51.3 million tonnes of ore at 0.91 grams per tonne of gold, boosted by a new 115,216oz of […]
Barton Gold brings three-pronged attack into action in Tunkillia gold hunt
Barton Gold (ASX: BGD) (OTCQB: BGDFF) has stepped up its aggressive expansion campaign at the Tunkillia gold project in South Australia with the addition of a third drilling rig in the field. The company now has two RC drilling rigs and one DD drilling rig on site at Tunkillia. A second RC drilling rig is […]
US mining sector at inflection point – Morgan Stanley
Leading global financial institute Morgan Stanley believes the US metals and mining industry has reached an inflection point with the country desperately needing to increase its critical minerals output while managing its environmental, social, and governance (ESG) commitments at the same time. In a recent webinar, Morgan Stanley’s Wall Street analyst Carlos De Alba noted […]
Cameco lowers uranium production expectations for major Canadian operations
Leading global uranium fuel provider Cameco (NYSE: CCJ) has confirmed it is facing a number of issues at its Cigar Lake mine and Key Lake mill operations in Canada. The company reported that technical issues have led to lower than expected production forecasts at the Cigar Lake mine. Cameco says it now estimates it will […]
New Found intersects bonanza grade gold in Newfoundland, assays as high as 756.96g/t
Vancouver-based New Found Gold (NYSE: NFGC) continues to improve its Newfoundland story with the first diamond drill hole at its Iceberg discovery producing a bonanza grade hit just 35 from surface. While the overall assay of 27.05m at 105 grams per tonnes gold is impressive in itself, so too are the higher-grade intervals. And while […]
