mining

Leading gold miner Newmont (NYSE:NEM) has applied to extend the permit for its Cadia operation, Australia's largest underground mine, until 2050. Located near Orange in New South Wales (NSW), Cadia plays a significant role in Newmont's portfolio and the Australian mining sector. It produces nearly...

Mali's military government has warned that it may let Barrick Gold Corp's (NYSE:GOLD) Loulo mine concession expire in 2026, citing unresolved disputes over the division's economic benefits from the country's second-largest mine. Following allegations that Barrick failed to honor terms of the...

Editor’s note: This story has been updated to correct the figures in Goldman Sachs’ aluminum price forecast. Goldman Sachs has raised its aluminum price forecast, predicting significant price hikes due to an anticipated inventory shortage. The investment bank sees a tightening market,...

The Biden Administration on Thursday issued final approval for Ioneer’s lithium mine, a big step toward bringing battery material sourcing to the U.S. What To Know: Ioneer announced it received its federal permit for the Rhyolite Ridge Lithium-Boron Project in Nevada from the Bureau of Land...

The U.S. Geological Survey (USGS) recently discovered a significant lithium reserve beneath southwestern Arkansas. Through water testing and artificial intelligence, the agency found as much as 19 million tons of lithium — enough to supply the nation's green tech transition. "Our research was able...

Gold mining stocks, as tracked by the VanEck Gold Miners ETF (NYSE:GDX), extended their winning streak on Tuesday to nine consecutive sessions, reaching their highest levels since August 2020. This marks the longest run of gains for gold miners in over three years, driven by strong investor demand...

Freeport-McMoRan Inc. (NYSE:FCX) shares are trading higher after the company reported third-quarter FY24 results. Revenue stood at $6.79 billion, beating the consensus of $6.47 billion. Copper sales totaled 1.0 billion pounds, down 7% Y/Y and 2% above...

Brazillian mining company Vale (NYSE:VALE) has estimated the fines and compensation costs related to the 2015 Samarco dam collapse at $30 billion.  After years of negotiations between the Brazilian federal and state governments and Vale, BHP (NYSE:BHP), and Samarco Mineração joint venture, the...

After a hurricane-related postponement, President Joe Biden will visit Angola in December, marking his first and last trip to the African continent in the final week of his tenure. Angola, a country with a complex history tied to the United States and its Cold War adversaries, is now at the...

Manara Minerals, a joint venture between Saudi Arabia's Public Investment Fund (PIF) and Ma'aden (Saudi Arabian Mining Co), is nearing a deal to purchase a 15% to 20% stake in First Quantum Minerals (OTC:FQVLF) Zambian copper and nickel assets. The potential transaction, which Reuters reported...

Lithium Americas Corp. (NYSE:LAC) shares are trading higher after the company announced it inked a new investment deal with General Motors Company (NYSE:GM) to establish a joint venture (JV) for developing and operating the Thacker Pass lithium project in Nevada. Under the deal, General Motors will...

The leading global miner Rio Tinto (NYSE:RIO) has missed analysts' estimates, scoring weaker-than-expected third-quarter production across the board. Despite this short-term weakness, the company's $6.7b acquisition of Arcadium Lithium is unlikely to meet criticism, given the long-term potential...

Copper stocks, like Freeport-McMoRan Inc (NYSE:FCX) and Teck Resources Ltd (NYSE:TECK), may face another turbulent period if Donald Trump returns to office. JPMorgan analyst Bill Peterson warns that Trump 2.0’s trade policies could deal an even more significant blow than his first term. Trump...

The U.K.'s High Court has ruled that Sibanye-Stillwater (NYSE:SBSW) must compensate London-based Appian Capital Advisory for terminating a $1.2 billion deal to acquire two mines in Brazil.  Appian, a private equity firm focused on mining, sued Sibanye after the South African mining company...

Terrorism against the miners is threatening key foreign investment in Pakistan. At least 20 miners were killed and seven others wounded in an attack on a coal mine in Duki district, in the southwestern province of Balochistan – a region housing Barrick Gold's (NYSE:GOLD) principal copper-gold...