Baffinland to terminate 1,100 workers at Mary River iron ore mine

The miner is preparing for two rounds of layoffs to take effect on Sept. 25 and Oct. 11, if it doesn't obtain a permit to continue extracting 6 million tonnes of iron ore a year.

Cecilia Jamasmie | August 3, 2022 | 3:57 am

Lynas to invest $345m in rare earths mine to tap demand

The Mt Weld mine has deposits of rare earths elements neodymium and praseodymium, which are in high demand for making magnets used in electric vehicles and wind energy generation.

Reuters | August 2, 2022 | 6:28 pm

One ‘Zamazama’ dead, 46 arrested in South Africa’s Witwatersrand Basin

About 700 tonnes of gold-bearing material has been recovered.

Henry Lazenby | August 2, 2022 | 4:15 pm

Climate bill would put US back in global race for EV leadership

The bill is a potential boon to many sectors of the green economy, including electric vehicles.

Bloomberg News | August 2, 2022 | 3:16 pm

GM prepaying Livent $198 million for guaranteed lithium supply

Both companies had announced the broad brushstrokes of the deal last week.

Reuters | August 2, 2022 | 1:58 pm

Pelosi’s Taiwan trip spurs Chinese battery giant to pause plant debut

Contemporary Amperex Technology Co. Ltd., the world’s biggest maker of batteries for electric vehicles, has been considering at least two locations in Mexico near the Texas border.

Bloomberg News | August 2, 2022 | 1:15 pm

Gold price falls from four-week high as Pelosi’s Taiwan trip stirs tensions

US House Speaker's trip adds to tailwinds that helped gold rebound from a 15-month low.

Bloomberg News | August 2, 2022 | 12:35 pm

Sinkhole drags down Lundin shares as analysts weigh mine impact

Lundin said Monday it had halted development work near the site, but that the sinkhole didn’t affect the community, workers or its annual output guidance.

Bloomberg News | August 2, 2022 | 10:32 am