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Congressmen Lamborn, Newhouse, and Moore Co-Lead Bill to Protect American Mining
December 28, 2023
Natural Resources Vice Chairman Congressman Doug Lamborn, Congressional Western Caucus Chairman Dan Newhouse (WA-04), and House Republican Vice Chair Congressman Blake Moore (UT-01) introduced a bill to block the Biden administration from damaging vital mining and mineral refining in the
ServiceNow to Acquire UltimateSuite to Enhance Process Mining and Intelligent Automation
December 28, 2023
ServiceNow has signed an agreement to acquire task mining company UltimateSuite to enhance process mining and intelligent automation across the Now Platform. Through this acquisition, ServiceNow continues to bolster its automation and artificial intelligence (AI) capabilities to help customers identify
Treasury, IRS Issue Guidance on Tax Credit for Production of Clean Hydrogen
December 28, 2023
The Treasury Department and Internal Revenue Service has issued proposed regulations for the tax credit for the production of clean hydrogen. The Inflation Reduction Act (IRA) of 2022 provides a production credit for each kilogram of qualified clean hydrogen produced
Minnesota Court of Appeals Affirms Major Permit for NewRange’s Copper-Nickel Mine
December 27, 2023
The Minnesota Court of Appeals has affirmed a decision by a state agency to grant a major permit for the proposed NewRange copper-nickel mine, saying regulators adequately considered the possibility that developers might expand the project in the future. It
U. S. Strategic Metals Secures $230M to Expand Its Mining, Processing Operations, Missouri
December 27, 2023
U. S. Strategic Metals (USSM) has secured nearly $500 million in funding and commitments. The most recent financings, which include a $230 million commitment from affiliates of Appian Capital Advisory with initial funding of a $120 million secured term loan
Energy Fuels Commences Production at Three of Its U.S. Uranium Mines
December 27, 2023
Energy Fuels said in response to strong uranium market conditions, it has commenced uranium production at three of its permitted and developed uranium mines located in Arizona and Utah. In addition, the company is preparing two additional mines in Colorado
Trafigura Places Myra Falls Mine on Care and Maintenance, Seeks Creditor Protection, Canada
December 27, 2023
The Myra Falls polymetallic mine on Vancouver Island is shutting down again, and the mine’s owners are seeking creditor protection. The Myra Falls underground mine produces copper, lead and zinc, and is located in the very heart of B.C.’s oldest
U.S. Claims Huge Chunk of Seabed Amid Strategic Push for Resources
December 27, 2023
The U.S. extended its claims on the ocean floor by an area twice the size of California, securing rights to potentially resource-rich seabeds at a time when Washington is ramping up efforts to safeguard supplies of minerals key to future
MSHA Issues Final Rule to Protect Miners from Surface Mobile Equipment Accidents
December 21, 2023
Mine Safety and Health Administration released a final rule to help protect miners from accidents, injuries, and fatalities related to surface mobile equipment. The rule requires mine operators to have written safety programs for surface mobile equipment — excluding belt
Dundee Precious Metals to Acquire Osino Resources for $214 Million
December 21, 2023
Canada-based gold mining company Dundee Precious Metals (DPM) has agreed to acquire gold exploration and development company Osino Resources for $214 million (C$287 million). The acquisition includes Osino’s advanced-stage, multi-million-ounce Twin Hills open-pit gold project, along with an extensive exploration
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