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Rio2 Outlines Plans for Completion of Fenix Gold Mine Financing, Chile
March 10, 2023
Rio2 Limited has provided investors with an outline of its plans to complete financing for the construction of the Fenix Gold Project in Chile. The company said the plan includes appointing an independent financial advisor, completing a feasibility study on
Winsome Resources to Raise Up to $42 Million to Advance Canadian Lithium Projects
February 24, 2023
Australian lithium exploration and development company Winsome Resources is set to raise up to A$60 million ($42.34 million) to advance lithium exploration and drilling at two of its Canadian projects. The company will raise the capital through a combination of
Magnis Signs Offtake Agreement With Tesla for North American Anode Active Material Production
February 22, 2023
Magnis Energy Technologies Ltd. has entered into a binding offtake agreement with Tesla for the supply of Anode Active Material (AAM) beginning in February 2025 with fixed pricing. Under the agreement Tesla will purchase a minimum of 17,500tpa starting from
Iluka Resources Approves $330 Million FID on Balranald Critical Minerals Project, Australia
February 22, 2023
Iluka Resources has taken a final investment decision (FID) on the Balranald critical minerals project in New South Wales, Australia, which will involve a capital cost of A$480 million ($330 million). The FID follows a definitive feasibility study (DFS) for
Strata Worldwide Celebrates 30 Years in Business
February 22, 2023
Strata Worldwide is celebrating 30 years in business. Founded in 1992, the company has spent decades developing and supplying products and technologies that are designed and built for the rugged, highly mobile working environments found in mining, tunneling, and maritime
Newcrest Mining Turns Down Newmont’s $17 Billion Takeover Bid
February 21, 2023
Newcrest Mining said that its board has determined unanimously to reject the recent $16.9 billion takeover offer from rival gold miner Newmont on the basis that it does not represent enough value for the company’s shareholders. Earlier this month, Newmont
PNX Metals Secures Environmental Permit for Its Fountain Head Gold Project, Australia
February 21, 2023
Australian minerals exploration and development company PNX Metals has secured environmental approval for its fully-owned Fountain Head gold project. Fountain Head operation is located in the Pine Creek region of the Northern Territory, around 170km by road from Darwin. The
LG Chem Becomes First Korean Company to Secure Lithium from North America
February 20, 2023
By becoming the first Korean battery materials company to secure North American spodumene concentrate (SC6), LG Chem began to strengthen its supply chain. SC6 is a high-purity material that processes lithium ore, which can extract lithium hydroxide that serves as
Two Fatalities at MMG’s Dugald River Zinc Mine in Queensland, Australia
February 20, 2023
The two men trapped 125 meters underground at a north-west Queensland mine have been found dead. Dylan Langridge and Trevor Davis went missing on Wednesday in the remote Dugald River zinc mine near Cloncurry after their ute fell into a
World Coal Association Chairman Highlights Coal as Essential for Long-Term Global Energy Security
February 14, 2023
July Ndlovu, chairperson of the international, non-governmental organization, the World Coal Association, has emphasized the vital role coal will play with regards to long-term global energy security in the wake of geopolitical uncertainty effecting the worldwide energy value chain. “Almost
