Lucapa Diamond to restart halted Merlin mine
The phased approach will begin with an 18-month initial phase focused on excavating and dredging five existing pits.
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Newmont sells Éléonore mine in Quebec for $795 million
The miner said the deal and other 2024 sales will raise $3.6 billion.
Rio Tinto lifts force majeure for Australian alumina exports
Rio had declared force majeure on third-party contracts in May after an incident limited its supplies of natural gas.
Rusal to cut aluminum output by 6%
Rusal said disruption to bauxite supplies from Guinea and Brazil and output suspensions in Australia contributed to a surge in alumina prices.
MinRes founder Ellison steps down as Delta Lithium chair
Ellison is to exit MinRes within 18 months but his exit from Delta Lithium is with immediate effect.
Rio Tinto-backed lithium tech startup set to raise second round of funds
ElectraLith is developing a filtration technology that can extract lithium from brine deposits without using water or chemicals.
Hummingbird shares plummet on Kouroussa missed targets
The mine’s four-week trailing average production reached almost 1,900 ounces, below the 2,000 to 2,500 ounces range Hummingbird expected.
Anglo American sells coal assets to Peabody for $3.8bn
The move is the first of four big asset divestments Anglo announced in May, after it fought off a $49bn hostile takeover attempt from BHP.
Australia to propose tax incentives for critical minerals
The proposed law will set up a tax incentive worth 10% of relevant processing and refining costs for 31 critical minerals.