Category: Latest Mining News

Chilean state-owned copper miner Codelco, the world’s largest copper producer, has reached a deal with Lithium Power International (ASX: LPI) to buy the Australian producer of the battery metal for A$385 million (US$245 million).

Embattled miner Scotgold Resources, which operates Scotland’s only gold mine, said on Monday it was close to securing enough funding from a new strategic investor, which will help it avoid going into administration.

Goliath Resources (TSXV: GOT; US-OTC: GOTRF) has completed the second and final tranche of a recently upsized private placement that would see the Canadian junior miner raise a total of $8.6 million.

Torngat Metals is advancing its longstanding Strange Lake rare earths project in northeastern Quebec toward both a feasibility study and permitting. Strange Lake could produce up to 55,000 tonnes of ore per day over 30 years, and give Canada its first rare earths mine.

Workers at Peñasquito, Mexico’s largest gold mine, accepted a proposal from operator Newmont (NYSE: NEM; TSX: NGT) late on Thursday, ending a four-month-long strike that cost the miner millions of dollars a day.

Shares of Nevada King Gold (TSXV: NKG; US-OTC: NKGFF) soared on Monday after the company reported bonanza oxide gold of 11.64 grams per tonne over 108.3 metres from recent drilling at its Atlanta mine project in Nevada.

A 21st-century gold rush is unfolding in Idaho — a state that, historically, has been overshadowed by its U.S. northwest neighbours’ rich mining legacies. Now emerging as an epicentre for precious metal exploration, the state is attracting investment for its geology, project permitting regime, which could unleash a potential economic boom.

Chile-focused CleanTech Lithium (AIM: CTL) said on Tuesday that results of a recently completed scoping study of its Francisco Basin project confirmed the asset’s forecast potential and estimated production could start in 2027.

Gold Rim Exploration Inc, a prominent Canadian precious metals mining company, is delighted to announce a significant milestone as its El Rey mine in Salta, Argentina, officially commences operations. This achievement represents a significant step forward in the company's commitment to responsible and sustainable mining practices.

Sierra Metals (TSX: SMT) is placing its Cusi silver mine in Mexico on care and maintenance and has started the process to sell the mine amid the company’s shift towards copper. SCP Resource Finance will act as financial advisor for the Cusi mine sale process.

‘Gwnewch y pethau bychain mewn bywyd’ is an ancient and historically important phrase but not one that is widely recognized. ‘Do the little things in life’ was the message of guidance to the Welsh from their patron saint, David, some 1,500 years ago, and it remains a well-known maxim in the country.

In announcing her Progressive Conservative Party’s new Critical Minerals Strategy in late July, Manitoba Premier Heather Stefanson declared the Prairie province open for mining business.