IAMGOLD gets $340 million funding from Sumitomo for Côté gold project; stock jumps
IAMGOLD will remain the operator of the Côté gold project in Ontario.
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Teck sells closed Quintette coal mine for $120 million
The buyer, Conuma Resources, is a steelmaking coal producer based in northeast British Columbia, where the mine is located.
Panama orders First Quantum to halt copper mine operations
Miner must craft a plan within 10 days to halt operations at its Cobre Panama copper mine.
Australia expects sharp lithium price pullback in 2024
Record spot prices will lift contract values for lithium miners next year but a surge in production to over 1 million tonnes by 2024 will put downward pressure on prices, according to a new government report.
OZ Minerals extends exclusivity period for BHP’s $6.4bn bid
The extension of exclusivity period to Dec. 27 comes after the four weeks exclusivity BHP was granted.
Fortescue reveals green steel plans but warns task is enormous
The world’s fourth-biggest iron ore miner has joined forces with Japan’s Mitsubishi and European steelmaker Voestalpine to develop zero-carbon iron using hydrogen at a plant in Austria.
Electric vehicle production set to surge in 2023 despite low sales
Starting next year, a wave of new electric vehicles from pickup trucks to middle market SUVs and sedans will hit the world's major markets.
Ivanhoe Mines hits back at Sentry, Globe and Mail reports on police search of Vancouver office
Police searched the miner's office in November 2021 seeking information on $2.7 million in bank transfers from Ivanhoe to a Swiss bank account in connection with contracts for its Congolese mining operations.
WTO on ‘thin ice’ with metals tariff ruling, US trade chief says
The WTO ruling, issued earlier this month, “really challenges the integrity of the system,” Trade Representative Katherine Tai said.
