February 22, 2023

Rio Tinto halves dividend on 41% annual profit drop

Rio's bottom line was hit by weaker iron ore prices as demand from China slowed, as well as higher labour and material costs.

February 21, 2023

Teck’s mining breakup sets the scene for copper takeovers

Teck owns four copper mines in South America and Canada that produced 270,000 metric tons last year.

February 21, 2023

Vision Lithium PEA at Sirmac boasts 839% IRR, NPV $135 million pre-tax

The Sirmac lithium project is located in the Eeyou Istchee, James Bay region, in the northwest region of the province of Quebec.

February 21, 2023

Suncor taps former Exxon executive as CEO amid Elliott push

Suncor Energy has named Rich Kruger as its new chief executive officer, ending a seven-month search.

February 21, 2023

Big Ridge Gold doubles inferred resource in Newfoundland while grade drops 

Hope Brook project holds an indicated resource totaling 16.2 million tonnes grading 2.3 grams gold per tonne for 1.2 million oz.

February 21, 2023

ATAC enters LOI with Hecla after shunning Victoria Gold takeover bid

ATAC Resources is now set to be sold to Hecla Mining in a deal valued at C$31 million.

February 21, 2023

Rio Tinto partners with BMW for low-carbon aluminum supply

Aluminum will come from Rio Tinto's hydro-powered operations in Canada to BMW’s production plant in Spartanburg, South Carolina.

February 21, 2023

Teck Resources to become Teck Metals as it spins off coal unit

Teck's multibillion-dollar steelmaking coal unit will be an independent publicly-listed firm called Elk Valley Resources Ltd.

February 20, 2023

Deep-sea mining would impact ecosystems beyond those in targeted areas – report

Researchers found that the destruction of key hydrothermal vents by deep-sea mining could have knock-on impacts on vent fields hundreds of kilometres away.

February 19, 2023

Rambler pauses copper-gold mine in Newfoundland amid financial restructuring talks

Earlier this month, the company also defaulted on its gold purchase and sale agreement with Elemental Altus Royalties.