Latest Updates Around The World
Shares of Northern Dynasty Minerals (TSX:NDM,NYSEAMERICAN:NAK) plunged on Wednesday (Feb. 18) after the U.S. Department of Justice (DOJ) filed an injunction supporting the Environmental Protection Agency’s (EPA) January 2023 veto of the company’s long-controversial Pebble project in Alaska. The order supports the EPA’s previous decision to restrict development of the proposed copper, gold and molybdenum […]
Ontario is fast-tracking one of Canada’s largest emerging gold projects, halving permit times for Kinross Gold’s (TSX:K,NYSE:KGC) Great Bear development in the Red Lake district. The province has announced this Big Dipper will be designated under the new One Project, One Process (1P1P) framework, a streamlined approval system aimed at reducing government review times by […]
Valeura Energy (TSX:VLE,OTCQX:VLERF) is an oil and gas company focused on the development and exploitation of shallow water offshore assets in the Gulf of Thailand. Listed on the Toronto Stock Exchange and headquartered in Singapore, the company is strategically positioned in the Asia-Pacific region. Valeura operates four producing oilfields – Nong Yao, Jasmine, Wassana and […]
Hecla Mining Company (NYSE:HL) has agreed to sell its Casa Berardi gold operation in Québec to Orezone Gold (TSX:ORE,OTCQX:ORZCF) for a total consideration of up to US$593 million. The deal, announced on Monday (Jan. 26), includes the sale of Hecla Québec, a wholly owned subsidiary of Hecla that owns the Casa Berardi mine and related […]
Copper prices rose to a new record high on Tuesday (Jan 6), with continued supply disruptions and trading uncertainty pushing the metal to a nearly 30 percent rally since October. Benchmark three-month copper on the London Metal Exchange (LME) rose as much as 3.1 percent in early trading to a record high of US$13,387.50 a […]
Altius Minerals (TSX:ALS,OTCQX:ATUSF) is betting on a lithium market recovery and agrees to Lithium Royalty (TSX:LIRC) in a C$520 million deal that will increase its exposure to battery metals. Under one final agreement As announced by the two companies on Monday (Dec. 22), Altius plans to purchase all of the issued common and convertible common […]
Lundin Mining (TSX:LUN,OTC Pink:LUNMF) has agreed sells its Eagle mine and Humboldt plant in Michigan to Talon Metals (TSX:TLO,OTCID:TLOFF)with US-based operations focusing on domestic offerings. The transaction will see Lundin Mining receive 275.2 million Talon shares, representing 18.4 percent of Talon’s outstanding equity, with a total implied value of approximately US$83.7 million based on recent […]
Canada has approved the merger of Teck Resources (TSX:TECK.A,TECK.B,NYSE:TECK) and Anglo American (LSE:AAL,OTCQX:AAUKF), clearing a major regulatory hurdle to create a new global mining heavyweight worth more than $53 billion. Teck and Anglo American said they received approval under the Investment Canada Act, allowing the companies to proceed with their planned “merger of equals.” first […]
Elliott Investment Management has reportedly taken a large stake in Barrick Mining (TSX:ABX,NYSE:B), the The Financial Times reports this on Tuesday (Nov. 18), increasing activist pressure on the gold producer, which is already facing escalating operational problems and a leadership shake-up. The moves come just weeks after the abrupt exit in September from former CEO […]
China’s lithium market strengthened sharply on Monday (Nov 17) after Ganfeng Lithium (OTC Pink:GNENF,HKEX:1772) chairman Li Liangbin said at a domestic industry conference that demand for the key battery metal could grow by as much as 40 percent by 2026. The most traded lithium carbonate contract on the Guangzhou Futures Exchange rose 9 percent on […]
