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Australian Pacific Coal Secures $90 Million to Restart Dartbrook Coal Mine
December 18, 2023
Australian Pacific Coal and joint venture partner Tetra Resources have received major new funding support for their plan to restart the world-class Dartbrook coal mine in New South Wales’ Hunter Valley. Leading global energy and commodities company Vitol Asia has
Soma Gold Receives Prestigious Environmental Award for El Bagre Gold Complex in Colombia
December 12, 2023
Soma Gold Corp. said its subsidiary Operadora Minera SAS (Operadora) has been awarded the highest sustainability seal certification from the regional environmental authority Corantioquia. This recognition is a testament to the company’s commitment to sustainability and responsible practices at its
First Quantum Minerals Cuts 4,000 Jobs After Panama Supreme Court Rejects Mine Operations
December 11, 2023
Canadian firm First Quantum Minerals (FQM) said Friday it was laying off more than 4,000 workers after a court prohibited it from operating the largest open-air copper mine in Central America. The company’s Panamanian subsidiary said in a press release
Lynas Feeds First Material to Its Kalgoorlie Rare Earths Processing Facility, Australia
December 8, 2023
Australia-based Lynas Rare Earths has introduced the first feed of material into the Kalgoorlie rare earths processing facility located in Western Australia from the company’s Mt. Weld rare earth mine. The first feed to the facility comes after the completion
Deep-sea Mining in Arctic Ocean Gets Green Light from Norwegian Lawmakers
December 8, 2023
Norway’s minority center-left government and two large opposition parties made a deal Tuesday to open the Arctic Ocean to seabed mineral exploration despite warnings by environmental groups that it would threaten the biodiversity of the vulnerable ecosystems in the area.
Venezuelan Presiden Maduro Orders Immediate Exploitation of Oil, Gas and Mines in Guyana’s Essequibo
December 8, 2023
Venezuelan President Nicolás Maduro on Tuesday ordered the country’s state-owned companies to “immediately” begin to explore and exploit the oil, gas and mines in Guyana’s Essequibo region, a territory larger than Greece and rich in oil and minerals that Venezuela
Barrick Named Tanzania’s Employer of the Year
December 8, 2023
The North Mara Gold Mine has been crowned Employer of the Year at the prestigious 2023 Association of Tanzania Employers (ATE) Awards ceremony. North Mara is operated by Barrick and is jointly owned with the Tanzanian Government through Twiga Minerals
U.S. Gives $50 Million Boost to Critical Minerals Investor TechMet
December 7, 2023
TechMet, a global critical minerals investment company, has secured a further $50 million commitment from the U.S. International Development Finance Corporation (DFC) as part of its latest fundraising round. A ceremonial signing of the commitment letter for the extra $50
Evolution Mining to Acquire 80% Interest in Northparkes Mine for $475 Million, Australia
December 7, 2023
Evolution Mining said it has entered into a binding agreement to acquire an 80 percent interest in the Northparkes copper-gold mine from CMOC Group. Evolution said it will acquire Northparkes mine, located in New South Wales, for total cash consideration
Saudi Energy Minister Challenges Plan to Phase Out of Fossil Fuels at COP28
December 7, 2023
A draft agreement to phase out the use of fossil fuels that’s being deliberated at the global climate summit, COP28, in Dubai this week was met with firm opposition from Saudi officials. Energy Minister Abdulaziz bin Salman, half brother of
