mining

Companies leading the effort to collect battery metals from the bottom of the ocean say seabed mining is inevitable despite high-profile environmental concerns. The battle is over the trillions of nodules littering the sea floor outside of the jurisdiction of any single nation. They contain...

Billionaire and former Glencore CEO Alex Beard charged with corruption in UK along with four others, accused of making corrupt payments in West Africa. A British billionaire who made a fortune while working for a top commodities company was charged with corruption on Thursday. The company...

As major gold miners report earnings, a key question is how they plan to utilize their profits amid record-high gold prices. "With the sharp and sustained move higher in gold prices, we think that there will be an increased focus on capital allocation in the sector – whether companies might...

Long-term uranium contract prices have surged to over 16-year highs, driven by supply uncertainties and increasing demand, as the industry scrambles to prepare for powering AI data centers. Other factors, such as supply chain disruptions, geopolitical uncertainties, and environmental mining...

The U.S. has long relied on imported nickel – a fact that Gregory Beischer, a seasoned geologist and CEO of Alaska Energy Metals (OTCQB:AKEMF), wants to change. Talking to Benzinga, he shared his opinions about Alaskan mining, nickel's importance, and the state of the commodity market. BZ: Could...

Anglo American plc (OTC:AAUKF) announced a $1.6 billion writedown on its Woodsmith fertilizer project in the U.K. This setback adds further complexity to CEO Duncan Wanblad‘s strategy of revitalizing Anglo after successfully defending it against a $49 billion takeover bid from BHP. In May,...

An early exposure to financial markets, a strong desire to build on his father’s legacy, and an innovative approach to an archaic industry helped turn Robert McEwen into one of the most successful mining executives. After completing a round of financing for an advance-stage copper project in...

Freeport McMoRan (NYSE:FCX) has announced a $7.5 billion expansion of its El Abra copper mine in northern Chile. Freshly-appointed CEO Kathleen Quirk made this announcement during an earnings call on Tuesday that exceeded expectations. "We're going to continue to review the economics in the context...

Vale (NYSE:VALE) is set to open a new open-pit mine at the historic Stobie mine site in Sudbury, Ontario. The original underground mine operated from 1914 to 2017, producing over 375 million tons of nickel and copper ore. Vale's Toronto-based base metal arm expects that the open pit project will...

The chief executive of Impossible Metals, a privately held company developing ocean floor mining technology, is leaning toward offtake agreements rather than a public listing to fund full commercial operations. Offtake agreements are legally binding contracts where a buyer promises to take a...

Liberty Gold (OTC:LGDTF) CEO Calvin Everett recently spoke to Benzinga about the state of the commodities market and the Canadian junior miner’s future plans in Utah and Idaho. BZ: How would you describe your company to our readers? Everett: We are a pre-production junior miner specializing...

The market for coal used to make steel is in the summer doldrums, but supply outages in Australia and the United States are providing underlying tightness that could cause prices to spike in the late summer and fall once Asian steelmakers start restocking. Mine fires in Australia and West Virginia...

South32 (OTC:SHTLF) shares plummeted after the company announced an $818 million impairment charge for two important assets. At last check Monday, the company’s stock was down 11.13%, trading at $10.02 per share. The Worsley alumina project, located southwest of Perth, includes the Boddington...

The United States has the second longest lead times in the world for developing new mines, averaging 29 years from discovery to production. This extensive timeframe is only surpassed by Zambia, where it takes an average of 34 years. This bureaucratic obstruction significantly hampers the country...

Australian iron ore mining giant Fortescue (OTC:FSUMF) has hit the brakes on ambitious plans to transform into a green hydrogen leader. Management has announced an overhaul after a turbulent period that saw multiple senior executive departures. While iron ore still generates most of the company's...