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Newmont Acquires Stake in NOVAGOLD’s Galore Creek Project for $275 Million, Canada
August 25, 2023
NOVAGOLD has received $25 million from Newmont Corporation for the sale of its 50 percent interest in the Galore Creek project (GCP) in British Columbia, Canada. Under the terms of the agreement, total consideration payable by Newmont was up to
Rio Tinto to Invest $918 Million in Kennecott Mining Operations to Strengthen U.S. Copper Supply
August 25, 2023
Rio Tinto is investing in its Kennecott operation near Salt Lake City, Utah, to strengthen its supply of copper in the United States by increasing production from underground mining and improving the health of key assets. $498 million of funding
Highland Copper on Fast Track to Advance White Pine North Project, Enters Into JV, Michigan
August 25, 2023
A Quebec-based junior miner with a copper deposit in northern Michigan has brought aboard a deep-pocketed partner to advance it to production. Highland Copper has entered into a joint venture with Kinterra Copper USA, a Kinterra Capital affiliate, to bring
Blackwolf Copper and Gold to Acquire Optimum Ventures, Appoints New CEO and Chairman
August 25, 2023
Blackwolf Copper and Gold Ltd. has appointed Robert McLeod as executive chairman and Morgan Lekstrom as CEO and director. In addition, Blackwolf has entered a non-binding letter of intent for a proposed transaction where Blackwolf will acquire all the issued
IEA: Global Coal Demand Set to Remain at Record Levels in 2023
August 25, 2023
Global coal consumption climbed to a new all-time high in 2022 and will stay near that record level this year as strong growth in Asia for both power generation and industrial applications outpaces declines in the United States and Europe,
Grounded Lithium Completes PEA for Its Kindersley Project, Estimates Capex of $335M for Phase 1
August 25, 2023
Canada-based Grounded Lithium (GLC) said that the first phase of the Kindersley lithium project located in Saskatchewan, Canada will require an initial capital cost (capex) of $335 million, based on the findings of a preliminary economic assessment (PEA). The capex
DOE Issues NOI to Advance Critical Minerals Innovation, Supply Chain
August 25, 2023
The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) has issued a notice of intent (NOI) to fund a program that will advance cost effective and environmentally responsible production, reuse, and recycling of critical minerals
DOE Launches $30 Million Funding Opp for Rare Earth Production from Coal-based Resources
August 24, 2023
The U.S. Department of Energy (DOE) has launched a funding opportunity for up to $30 million to help lower the costs of the onshore production of rare earths and other critical minerals and materials from domestic coal-based resources. The funding
Federal Court Upholds Wyoming’s Regional Haze Plan, Rejects EPA Proposal
August 24, 2023
The Clean Air Act gives Wyoming wide discretion in designing plans to retrofit small coal-powered plants in efforts to reduce regional haze, the 10th Circuit found in an order published Tuesday that rejected separate critiques filed by the U.S. Environmental
Feds Approve BNI Coal’s Center Mine Plan, North Dakota
August 24, 2023
The Interior Department has approved a new federal mine plan at the Center Mine in North Dakota, U.S. Sen. John Hoeven announced recently. The plan was needed to allow mining of federal coal under a lease awarded in January 2021,
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