mining

Pilbara Minerals (OTC:PILBF), Australia’s leading lithium producer, plans to expand the production capacity at its flagship Pilgangoora operation in Western Australia. The company will allocate A$1.2 billion (US $800 million) to this expansion, which is set to boost lithium spodumene output...

Morgan Stanley analyst Carlos De Alba has upgraded Freeport-McMoRan Inc (NYSE:FCX), Alcoa Corp (NYSE:AA), and Compañía de Minas Buenaventura SAA (NYSE:BVN) to Overweight, citing persistent copper supply challenges and positive developments within these companies. Freeport-McMoRan De Alba upgrades...

Vale SA (NYSE:VALE) plans to increase its copper production to 500,000 tons by 2028 as part of a $3.3-billion capital expenditure plan. That’s up from 326,600 tons in 2023, largely through upgrades to its Salobo and Sossego mines in Brazil. Copper prices have recently surged to new highs,...

Editor’s Note: This article has been corrected to note that Canada Nickel’s Crawford property ranks second in the world, behind one in Russia and ahead of three in Indonesia. WASHINGTON — A nickel mining district in southeastern Canada may one day rival Indonesia as the world's largest...

Agnico Eagle Mines (NYSE:AEM) has a new plan to increase gold production at Detour Lake in Ontario. What Happened: The company aims to boost production to an average of one million ounces per year over a 14-year period. Agnico plans to start in 2030 as part of its newly released 2024 life-of-mine...

Fortescue Metals Group (OTCQX:FSUMF), one of the largest global iron miners, is navigating a prolonged turbulence. Its stock declined over 25% year-to-date as the thinning management team grapples with weakening ore prices as it steers the company toward the green energy space. The year 2023 was...

Brazil wants to diminish its dependence on China when it comes to rare earth elements (REE). As numerous countries rush to strengthen their REE supply chains, the South American country presents itself as a perfect provider of metals essential for advanced technologies and the green energy...

Snowline Gold Corp. (OTC:SNWGF) published a highly anticipated initial assessment for its Valley deposit within the Rogue project in Yukon Territory, Canada. This result presents a significant milestone for the company and positions the project as one of the richest in the region. The initial...

Serbia is poised to grant Rio Tinto (NYSE:RIO) approval to develop Europe's largest lithium mine. The Jadar project, which was suspended in 2022, could start production by 2028, providing Europe with metal much needed for its electric vehicle (EV) industry. "New guarantees from Rio Tinto and the...

Tesla Inc. (NASDAQ:TSLA) shareholders voted against a proposed moratorium on sourcing electric vehicle battery metals from deep-sea mining.   The growing debate over deep-sea mining reflects the industry’s need for critical minerals found in polymetallic nodules on the ocean floor. These...

Uranium producer enCore Energy (NASDAQ:EU) has begun production at its Alta Mesa mine in South Texas. With this development, the company became the only U.S. producer with multiple operational uranium facilities. “The enCore team has advanced the Alta Mesa project from acquisition in...

Manganese, a crucial component in steelmaking and battery production, has emerged as an outperforming metal in 2024, driven by soaring demand and significant supply disruptions. While year-to-date gold is up 18.7%, silver 21.6%, and tin surged a remarkable 28%, manganese rallied almost 33%, making...

Canadian miner Nevada Copper (OTC:NEVDF) filed for Chapter 11 bankruptcy on Monday despite soaring copper prices. The company, burdened by operational setbacks and financing challenges, has secured a commitment from Elliott Investment Management, an activist investor with a strong interest in the...

Freeport-McMoRan (NYSE:FCX) has appointed Kathleen Quirk as its new CEO, marking a significant leadership change as the company gears up to increase copper production to meet growing global demand. Quirk, who joined Freeport in 1989 and previously served as CFO since 2003, is the only female CEO of...

Energy and Natural Resources Minister Jonathan Wilkinson announced an expansion of Canada's critical minerals list on Monday, adding high-purity iron, phosphorus, and silicon metal to the existing 31 minerals. This update aims to enhance Canada’s economic future and energy transition by...