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Glencore Enters Binding Agreement to Acquire 77% Interest in Teck’s Coal Unit for $6.93 Billion
November 14, 2023
Glencore has entered into a binding agreement with Teck Resources for the acquisition of 77 percent interest of Teck’s steelmaking coal business, Elk Valley Resources (EVR), for $6.93 billion in cash. Concurrently, Teck has agreed with Nippon Steel Corporation (NSC)
Probe Gold Commences Environmental Permitting for Novador Project, Canada
November 14, 2023
Probe Gold has submitted the initial project description for the Novador project to the Impact Assessment Agency of Canada (IAAC), the federal body accountable to the Minister of Environment and Climate Change. This marks the initiation of the impact assessment
Generation Mining Advancing Marathon Palladium-Copper Project After Closure Plan Approval, Canada
November 14, 2023
Generation Mining Limited said the province of Ontario has accepted and filed the closure plan for the Marathon Palladium-Copper Project. This represents another major milestone in the permitting process for the project. “The approval of our closure plan for the
Northern Superior, Evolution Mining Enter Earn-in JV Agreement for October Gold Property, Canada
November 14, 2023
Northern Superior Resources has granted Evolution Mining Limited an option to acquire a 75 percent undivided interest in the mining claims known as the company’s October Gold Project by incurring an aggregate of $5.1 million (C$7 million) in expenditures and
Happy Creek Minerals Secures Permit to Expand Exploration Work at Fox Tungsten Project, Canada
November 14, 2023
Happy Creek Minerals Ltd. has received an amendment to its multi-year area-based (MYAB) permit, that will allow for extensive drilling, trenching, and trail construction through late 2027 at the company’s Fox Property. The original permit was issued in 2006 and
Manchin Retirement Boosts West Virginia Coal Scion’s Senate Bid
November 14, 2023
Jim Justice, a wealthy coal mine owner now serving as West Virginia’s Republican governor, gains an easier path for his Senate bid following Democrat Joe Manchin’s decision not to seek reelection for the seat. Justice, a former Democrat who switched
Surprise Discovery at Ramaco Resources’ Brook Mine Could be Worth $37 Billion, Wyoming
November 13, 2023
An ex-Wall Street banker who put $2 million into a Wyoming coal mine has potentially received a colossal investment return after discovering rare earth elements worth $37 billion at his reserve. Randall Atkins, the chairman and CEO of coal producer
NexGen Receives Provincial Environmental Assessment Approval for Rook I Uranium Project, Canada
November 13, 2023
NexGen Energy Ltd. has received Ministerial approval under The Environmental Assessment Act of Saskatchewan to proceed with the development of its 100 percent owned Rook I Uranium Project. NexGen is the first company in more than 20 years to receive
Rock Tech, The BMI Group-Red Rock Indian Band Partner to Analyze Next Steps for Processing Site
November 13, 2023
Rock Tech Lithium and the BMI Group-Red Rock Indian Band partnership are conducting a comprehensive site analysis to transform the former Norampac Paper Mill site in Red Rock into a key component of Ontario’s EV supply chain. A memorandum of
Graphite One Pursues Boosted Production Plan at Its Graphite Creek Project, Alaska
November 13, 2023
If it is to be developed into a mine, the biggest deposit of graphite in the United States needs a bigger production project than developers originally envisioned, said an official with the company seeking to commercialize the site. To be
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