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Teck Resources Board Rejects Glencore’s Acquisition Proposal
April 3, 2023
Teck Resources Limited said the board of directors of Teck has received and unanimously rejected an unsolicited and opportunistic acquisition proposal from Glencore, which would see that company acquire Teck and subsequently separate to create two businesses, which would expose
Rio Tinto and First Quantum Minerals Form JV to Develop La Granja Copper Project, Peru
April 3, 2023
Rio Tinto and First Quantum Minerals have entered into an agreement to form a joint venture that will work to unlock the development of the La Granja copper project in Peru, one of the largest undeveloped copper deposits in the
Mexico’s President Proposes Tougher Mining Laws, Shorter Concessions
April 3, 2023
The Mexican government’s proposed overhaul of mining laws, including shorter concessions and tighter rules for permits, drew a quick warning from industry leaders who fear it could undermine the sector’s growth prospects. President Andres Manuel Lopez Obrador offered the draft
Butte’s World Museum of Mining Plans April Opening, Montana
April 3, 2023
The World Museum of Mining’s gift shop will open for season on Saturday, April 1, and underground tours will begin, depending on tour guide availability. The gift shop will be open 10 a.m. to 2:30 p.m. seven days a week
UN to Start Allowing Deep-sea Mining Applications in July
April 3, 2023
After two weeks of negotiations, the International Seabed Authority has decided that it will start taking permit applications in July from companies that want to mine the ocean’s floor. The undersea mining will be conducted to extract key battery materials
Major Fire at Alliance Resources’ Tunnel Ridge Prep Plant, W.Va.
March 31, 2023
It is not yet known when the Tunnel Ridge mine’s prep plant will resume operation after a major fire Monday night, but the mine’s general manager said mine production was not affected. The cause of Monday’s fire remains under investigation,
Jervois Suspends Final Construction at Idaho Cobalt Operations
March 31, 2023
Jervois Global Limited said it will suspend final construction and full concentrator commissioning at its 100 percent owned Idaho Cobalt Operations mine (ICO) in Idaho, due to continuing low cobalt prices and U.S. inflationary impacts on construction costs. Its expects
United States and Japan Sign Critical Minerals Agreement
March 31, 2023
United States Trade Representative Katherine Tai and Japan’s Ambassador to the United States, Tomita Koji, signed a critical minerals agreement, Agreement Between the Government of Japan and the Government of the United States of America on Strengthening Critical Minerals Supply
Republican Energy Package, Including Stauber’s Mine Permit Reform Bill, Passes House
March 31, 2023
The Republican energy package, which includes U.S. Rep. Pete Stauber’s mine permitting reform bill, was approved by the U.S. House of Representatives on Thursday. H.R. 1, called the Lower Energy Costs Act, passed the House with a 224-204 vote. Four
Lundin Mining to Acquire Majority Interest in Caserones Copper Mine for $950 Million, Chile
March 31, 2023
Lundin Mining has agreed to acquire a stake of 51 percent in SCM Minera Lumina Copper Chile (Lumina Copper), the operator of the Caserones copper mine in Chile, for $950 million. In this connection, the Canada-based base metals mining company
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