Barrick close to final deal with Pakistan on $7bn copper project
Teams from Barrick and Pakistan are currently finalizing a framework deal to develop the giant Reko Diq copper-gold deposit.
Cecilia Jamasmie , Editor-in-Chief
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Gold Fields unlikely to further sweeten Yamana deal — CEO
Chief executive Chris Griffith says Yamana Gold’s shareholders are warming up to $6.7 billion takeover offer.
Cost of expansion at Rio Tinto’s Oyu Tolgoi rises again
A cost and schedule reforecast now pegs the total project costs at $7.06 billion, almost $1.8 billion higher than its original estimate in 2015.
Panasonic to build $4bn battery plant in US to supply Tesla
Facility is expected to supply Tesla with new high-capacity batteries, boosting Panasonic’s production capacity 150-200 GWh per year by 2028.
Anglo American, Nippon Steel to work on low-carbon steelmaking
They will work on solutions for lower-carbon steelmaking, a process responsible for up to 9% of global greenhouse emissions.
Ecuador court endorses environmental permits for Dundee’s Loma Larga gold project
The Judicial Labour Unit of the southern city of Cuenca also reaffirmed Dundee’s mining concessions in Ecuador.
PureGold mulls company sale as part of strategic review
Review could involve a potential merger, a sale of all or part of its gold mine in Ontario, or other long-term financing options.
Sigma Lithium’s project in Brazil to benefit from new rules
The 25%-ready Grota do Cirilo lithium project will not be constrained by quotas so Sigma will mine the north and south pits simultaneously.
Anglo American’s Quellaveco yields first copper concentrate
The $5.5 billion Peruvian copper project, to come on stream by mid-year, is expected to produce 100,000 to 150,000 tonnes of copper this year.
Cornish Metals kicks off new drill campaign at South Crofty
It will drill a minimum of 8,000 metres as part of an ongoing feasibility study at the tin-copper project in Cornwall, southwest England.
US deploys AI agents to speed critical minerals recovery
AI-powered CICERO system cuts critical minerals recovery testing from years to days using robotics and automation.