May 10, 2024

Miners seek exemption from Canadian tax hike to save equity deals

Finance Minister Chrystia Freeland’s new budget includes a measure to raise the capital gains tax inclusion rate to two-thirds from one-half.

May 10, 2024

Rio Tinto has not ruled out bid for Anglo American — report

While Rio has a smaller market capitalization than rival BHP, it's large enough to make an all-share offer for some or all of Anglo American.

May 8, 2024

Critical minerals targeted as Australia boosts resource hunt

Australia will spend A$566 million ($373 million) over the coming decade to map out resource deposits.

May 8, 2024

Indonesia says nickel reserves enough for expansion, despite moratorium call

Indonesia's high-grade nickel reserves is estimated to last until 2035, while its low-grade nickel until at least 2069.

May 8, 2024

Canadian carbon firms vie for $100 million Xprize

The contest began with 1,300 entrants in 2021.

May 6, 2024

Grid Metals increases resource by a third at copper-nickel project in Manitoba

The combined indicated open pit resources increased by 12.4 million tonnes or 37% to 46.2 million tonnes.

May 6, 2024

Nickel 28 fires founders on ‘serious misconduct’ that they deny

The company removed CEO Milewski and other executives, citing evidence that the management team had breached their duties and repeatedly lacked judgment.

May 3, 2024

Underwater power play for metals in full swing

The International Seabed Authority, which next meets in July, is hashing out the world’s first underwater mining code.

May 2, 2024

Zimbabwe’s sole nickel mine placed under administration

Zimbabwe's government owns 70% of Bindura Nickel Corporation's Trojan mine.

May 2, 2024

Sumitomo Corp net profit down 32% on Madagascar one-off loss

Sumitomo booked a total of 150 billion yen one-off losses on four problematic operations, including the Ambatovy nickel project in Madagascar.