June 11, 2024

US court receives offers for Citgo’s parent, credit bid submitted

The share auction was organized in Delaware to pay creditors including oil producer ConocoPhillips and miners Rusoro, Crystallex and Gold Reserve.

June 11, 2024

US imposes sanctions on Guyanese mining magnate over alleged fraud

The sanctions, which target three of Nazar Mohamed's companies as well as a Guyanese government official.

June 11, 2024

Elliott steps in to back faltering Canadian copper miner after bankruptcy

Before Monday’s bankruptcy filing, Nevada Copper had attracted two bidders though it failed to close a deal with either one.

June 11, 2024

Freeport-McMoRan looking for ways to expand copper production, CEO says

The company isn’t under pressure to follow rivals like BHP in seeking acquisitions, and will instead focus on innovation to grow production and lower costs, CEO Kathleen Quirk said.

June 10, 2024

Energy Fuels begins commercial production of separated rare earths at White Mesa

Energy Fuels said this is the first US commercial production of on-spec separated REEs from monazite in decades.

June 10, 2024

Nevada Copper files for bankruptcy, names new top boss

It has also halted its Pumpkin Hollow copper mine in Nevada and named Tom Albanese, its lead independent director, as the new chairperson.

June 9, 2024

Existing fossil fuel projects enough to meet energy demands while world transitions to net zero – study

Researchers recommend that governments legislate to ban new fossil fuel projects.

June 8, 2024

Nippon Steel executive saw positive reaction from US Steel workers and others

Nippon Steel Vice Chairman Takahiro Mori returned to the US in an effort to close the deal amid growing regulatory scrutiny and political opposition.

June 7, 2024

Gold price falls most in two years on jobs data, China buying pause

After surging to a record above $2,450 an ounce, bullion has traded in a fairly narrow range amid the uncertainty over the Fed’s rate trajectory.

June 7, 2024

Hudbay, unions sign letter of intent for copper project in Arizona

The Copper World mine is expected to produce about 92,000 tonnes of the metal a year for the first decade of its anticipated 20-year life.