Prime Mining stock surges on upsized financing for Los Reyes project in Mexico
The company will increase the size of its recently announced bought deal financing to C$18.3 million.
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Argentina pressing US for exception to tap EV tax bonanza
The key to whether producers in Argentina and some other nations will be eligible for the tax credits is in the interpretation of “extracted or processed.”
Rio Tinto completes Kemano power station work for British Columbia aluminum smelter
Second tunnel completed 27 years after work was halted on the project by the NDP government.
Saudi Arabia aims to become leader in sustainable mining
With 17% of the world's proven petroleum reserves, the kingdom is seeking to explore what it calls a vast, new, and largely untapped minerals super-region stretching from Africa to Central Asia.
Winsome Resources steps up to buy Power Metals stake from China’s Sinomine
Winsome will pay C$2 million for Sinomine’s interest in Power Metals, which holds the Case Lake project in Ontario.
Gold mid-tiers’ Q3 2022 fundamentals
With gold starting to run again, the mid-tier and junior gold miners’ stocks in their sector’s sweet spot for upside potential are increasingly surging.
HSBC resigns as LME member after exiting industrial metals
The bank was a small player in industrial metals, but told Reuters in July 2020 that returns were too low to justify continuing the business.
Chile copper production up 1.4% in October – Cochilco
Production from state-owned giant Codelco fell 5.8% on a yearly basis to 135,800 tonnes.
Biden’s climate bill is a put option on automakers’ big EV bets
EVs are still expensive and take more market share almost entirely in premium and luxury segments of the US market.
