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Vital Metals Raises $43 Million to Develop Its Nechalacho Rare Earths Project, Canada
March 25, 2021
Vital Metals has raised A$43 million ($33.26 million) to fund construction, mining and operations at its Nechalacho rare earths project in Canada. Production at Nechalacho project is expected to commence on schedule in second quarter of calendar year 2021. Located
Equinox Gold to Invest $389 Million in Expansion of Castle Mountain Mine, California
March 25, 2021
Equinox Gold expects the phase 2 expansion of the Castle Mountain Gold Mine in the U.S. to have initial capital costs of $389 million to produce 3.2 million ounces (oz) of gold. The capital costs exclude $121 million, which is
K2 Gold Achieves Significant Permitting Milestone for Mojave Project, California
March 25, 2021
K2 Gold’s wholly owned subsidiary, Mojave Precious Metals (MPM), has received a positive decision letter from the United States Department of the Interior, Bureau of Land Management at its 100 percent owned Mojave Project located in Inyo County, California. The
Arch Resources Issues $45 Million in Bonds to Fund Construction of Leer South Mine, W.Va.
March 25, 2021
Arch Resources has issued $45.0 million of bonds in the U.S. tax-exempt market through the West Virginia Economic Development Authority, as a follow-on to its $53.1 million offering in July 2020. The bonds are subject to a mandatory tender for
Study Shows Coal Industry Generates Billions in Economic Activity for West Virginia
March 25, 2021
A new study on the economic impact of West Virginia’s coal industry shows that even when facing the worst regulatory pressures in history, the mining and coal-fired power generation industries still generated nearly $14 billion in economic activity for the
Alpha Metallurgical Resources Files Permit Application for New Surface Mine in Raleigh County, W.Va.
March 24, 2021
West Virginia officials are considering a permit application for a new surface mine in Raleigh County. The Charleston Gazette-Mail reported that Republic Energy LLC has proposed a metallurgical surface mine three miles south of Clear Creek where it would mine
Paramount Gold Nevada Advances Grassy Mountain Mine With Technical Review Approval, Oregon
March 24, 2021
Paramount Gold Nevada said the Wildlife Resources Baseline Data Report (BDR) for the proposed high-grade Grassy Mountain gold mine in Malheur County, Oregon (“Grassy”) has been accepted by the Oregon State Technical Review Team (TRT). “The acceptance of the Wildlife
Utah BLM to Reclaim 29 Mines as Part of Abandoned Mine Reclamation Program
March 24, 2021
Work to close off a little more than two dozen mines at a canyon popular for recreation in southern Utah is expected to begin next month, state mining officials said Monday. In all, about 29 mines at Mineral Canyon in
Federal Mine Funds Send Millions to Kentucky Appalachian Region
March 24, 2021
Gov. Andy Beshear and U.S. Rep. Harold “Hal” Rogers (KY-05) said six economic development projects in five Appalachian counties have been selected for $14.2 million in Abandoned Mine Lands (AML) Pilot Program grants. The projects, in Floyd, Harlan, Laurel, Morgan
Canada’s Largo Resources Approves Construction of New Ilmenite Concentration Plant
March 23, 2021
Largo Resources’ board of directors has approved the construction of a new ilmenite concentration plant. Commercial production from the new plant is expected early in 2023 and the plant’s capacity will be approximately 150,000 tonnes of ilmenite concentrate per annum.
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