Noront Resources picks Wyloo bid over BHP
BHP has five days to come back with a better offer, or give up on grabbing Noront's Eagle’s Nest nickel-copper deposit in Ontario.
Cecilia Jamasmie , Editor-in-Chief
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Gem Diamonds finds two high-quality stones at Letšeng
The miner has recovered 245-carat and 102-carat Type II white diamonds in Lesotho.
BHP’s London investors back critiqued climate change plan
Miner won 83% support for its climate transition strategy despite concerns that the plan did not go far enough.
Alrosa says global stock of rough diamonds “minimal”
The world’s top diamond miner by output says demand increase has not been met with any "meaningful" supply response.
Turquoise Hill stock crushed after Oyu Tolgoi funding gap swells by $1.2 billion
Rio-owned TRQ says underground expansion funding requirement increases to $3.6bn and open pit metal production delayed beyond 2024.
South32 buys stake in KGHM’s Chilean mine for $1.55bn
Sierra Gorda will be South32’s second-largest deal since it listed in 2015 and will add 70,000 to 80,000 tonnes of copper to its portfolio.
De Beers to extend life of Namibia mines to 2042
Namdeb, a joint venture between the Namibian government and the diamond giant, has extended its land-based mines’ life by 20 years.
Chile to open 400,000 tonnes of lithium reserves up for exploration
The copper-producing nation, which holds the world’s largest known lithium reserves, will tender for five quotas of 80,000 tonnes each.
Tesla inks multi-year nickel supply deal with Prony Resources
The New Caledonian miner will provide the US carmaker with about 42,000 tonnes of the metal needed to produce batteries that power its EVs.
Cadence closer to reopening former Anglo American mine in Brazil
The Amapa iron ore mine is expected to generate 5.3 million tonnes of iron ore a year once at full capacity.
Critical minerals diplomacy surges, but few deals have teeth
Over 50 bilateral and multilateral agreements have been announced in 18 months, involving major consumers like the US, EU, Japan, and Australia.