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Minnesota Congressman Pete Stauber Hopes GOP Trifecta Ushers in Mining in Northern Minnesota
December 12, 2024
President-elect Donald Trump said he plans to reverse President Biden’s 20-year moratorium on new mining near Minnesota’s Boundary Waters Canoe Area Wilderness on his first day in office. While environmentalists are calling Trump’s policies “a worst-case scenario,” mining supporters say
Syrah Resources Declares Force Majeure at Balama Graphite Mine, Defaults on U.S. Loans, Mozambique
December 12, 2024
Syrah Resources has declared a force majeure for its Balama Graphite Mine in Mozambique due to ongoing civil unrest, causing it to default on U.S. government-backed loans. Mozambique has been rocked by protests against a disputed election since early October.
Congress Passes Historic Good Samaritan Remediation of Abandoned Hardrock Mines Act
December 11, 2024
U.S. Senators Jim Risch (R-Idaho) and Martin Heinrich’s (D-N.M.) legislation, the Good Samaritan Remediation of Abandoned Hardrock Mines Act, has passed in the U.S. House of Representatives. This legislation would make it easier for “Good Samaritans,” such as state agencies,
Sibanye-Stillwater Sells Its Beisa Uranium Project in Africa to Neo Energy for $28 Million
December 11, 2024
Sibanye-Stillwater has agreed to sell its Beatrix 4 shaft, which includes the Beisa uranium project, to Neo Energy Metals. The transaction that will allow the Beisa uranium project to be developed by Neo Energy, while Sibanye-Stillwater will retain exposure to
Agnico Eagle Mines Awarded $10 Million for Skill Development and Training in Ontario, Canada
December 11, 2024
Agnico Eagle Mines has received $10 million from the Province of Ontario’s Skills Development Fund Training Stream to provide a comprehensive skills development program to support the availability of a qualified workforce in the mining industry. Agnico Eagle will use
Newmont to Cut Management Jobs, Merge Business Units
December 10, 2024
U.S. mining operator Newmont has reportedly initiated corporate restructuring that involves cutting nearly a dozen management positions, including an executive team member. This move is part of company’s strategy to streamline operations following its acquisition of Newcrest Mining, according to
Lundin Mining to Sell Its Neves-Corvo and Zinkgruvan Mines to Boliden for $1.37 Billion
December 10, 2024
Lundin Mining has signed a definitive agreement to sell its Neves-Corvo operation in Portugal and Zinkgruvan operation in Sweden to Boliden for up to $1.52 billion in total consideration. Under the terms of the agreement, Lundin Mining will receive upfront
Zijin Mining Completes $245 Million Aquisition of Pan American Silver’s La Arena Mine, Peru
December 10, 2024
Jinteng Mining, a subsidiary of Zijin Mining Group, took over as new owner of Pan American Silver‘s La Arena open-pit mine in Peru. The story of the acquisition started in May, and only received approval from Investment Canada in Ottawa
Ambler Metals JV Hoping to Revive Its Arctic Deposit with New Administration
December 9, 2024
Donald Trump’s election has boosted a company that’s seeking to build a mine at the end of Alaska’s proposed Ambler road— suggesting that investors expect the new administration to resurrect the stalled development. Trilogy Metals, which owns half of a
EPA Power Plant Rule Faces Critical Test in DC Circuit
December 9, 2024
Republican-led states and business groups argued in federal court last Friday that the Environmental Protection Agency rule requiring power plants to reduce emissions by using carbon capture technology is unachievable. An appellate panel in the U.S. Court of Appeals for
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