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Critical Metals to Acquires Controlling Stake in Tanbreez Rare Earth Mine for $211M, Greenland
June 14, 2024
Critical Metals has signed a binding heads of agreement to acquire a controlling interest in the Tanbreez Greenland Rare Earth Mine from Rimbal Pty Ltd., a company controlled by geologist Gregory Barnes. “Tanbreez is a game-changing rare earth mine for
Mexico Finds Remains of Some of the 63 Miners Who Died 18 Years Ago at the Pasta de Conchos Mine
June 14, 2024
Mexican authorities announced Wednesday that they found the remains of some of the 63 miners who were trapped 18 years ago in a coal mine in northern Mexico. The accident occurred at the Pasta de Conchos Mine in the state
Alaska’s Lake Clark National Park Considers Easements that Could Spur Mining
June 13, 2024
The National Park Service said Monday it will evaluate two proposed easements across a portion of Lake Clark National Park that an Alaska Native corporation has requested as step toward converting an exploratory mineral prospect into an operating mine. The
Nevada Copper Files for Chapter 11 Bankruptcy Protection, Appoints Tom Albanese as Chairman
June 13, 2024
Nevada Copper and its subsidiaries have filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court of the District of Nevada. The company has been in discussions with its key stakeholders
U.S.-Saudi Petrodollar Pact Ends After 50 Years
June 13, 2024
The 50-year-old petrodollar agreement between the U.S. and Saudi Arabia was just allowed to expire. The term “petrodollar” refers to the U.S. dollar’s role as the currency used for crude oil transactions on the world market. This arrangement has its
IEA Report: Global Spending on Clean Energy Technologies, Infrastructure to Hit $2 Trillion in 2024
June 13, 2024
Global spending on clean energy technologies and infrastructure on track to hit $2 trillion in 2024 even as higher financing costs hinder new projects, notably in emerging and developing economies Despite pressures on financing, global investment in clean energy is
MSHA Issues Safety Alert for Mobile Equipment
June 13, 2024
Spurred by the deaths of six miners who were struck by mobile equipment in underground production areas, the Mine Safety and Health Administration has issued a safety alert. The agency details four of the incidents, including one in which two
Freeport-McMoRan CEO Kathleen Quirk to Receive The Copper Club’s Ankh Award
June 13, 2024
Freeport-McMoRan said Kathleen Quirk will receive the Ankh Award at The Copper Club’s annual dinner on June 12, 2024, in recognition of her exceptional leadership and commitment to the copper industry. The Ankh Award has been bestowed annually since 1962
New Electric LEKA Toras 35 Hammer to Bring Hammering to a New Era
June 13, 2024
Since its foundation in 2018, Lekatech has been innovating in the world of breakers and hammers with its state-of-the-art, advanced electric-powered solutions. Now, the Finnish company will unveil its latest development at Hillhead 2024, the new Electric Hammer LEKA Toras
Eskay Mining and P2 Gold to Merge, to Focus on Development in the Golden Triangle and Nevada
June 12, 2024
Eskay Mining and P2 Gold have entered into non-binding letter of intent where Eskay has agreed to acquire P2 in a business combination transaction.. Upon completion of the proposed transaction, existing Eskay shareholders are expected to own approximately 80 percent
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