mining

Australia's Alkane Resources (OTCPK: ALKEF)  and Canada's Mandalay Resources (OTCQB:MNDJF)  have announced a "merger of equals "in an all-share transaction valued at approximately AU$1.01 billion ($707 million), creating a diversified gold and antimony producer with global reach. The...

KoBold Metals, the mining startup backed by Bill Gates and Jeff Bezos, is ready for a major expansion into the Democratic Republic of Congo (DRC) – a country with a vast commodity wealth, including cobalt, copper, and lithium. "KoBold is committed to significant investments in the DRC, potentially...

U.S. President Donald Trump signed an executive order Thursday to jumpstart the U.S. deep-sea mining industry. Trump seeks to secure domestic access to critical resources through this initiative and reduce America's dependence on foreign supply chains for increasingly important commodities. "The...

Freeport-McMoRan Inc. (NYSE:FCX), the world's largest copper producer, shares rose in early trading Thursday after the company reported first-quarter FY25 results. Revenue stood at $5.73 billion, beating the consensus of $5.44 billion. Copper sales volumes totaled 872 million pounds, which...

Newmont Corporation (NYSE:NEM), the world's largest publicly listed gold producer, reported robust first-quarter 2025 earnings following the conclusion of the year-long portfolio optimization effort. The company posted a net income of $1.9 billion and adjusted EBITDA of $2.6 billion, significantly...

Barrick Gold Corp. (NYSE:GOLD), the world's second-largest gold miner, is preparing to exit Canada completely by selling its final domestic asset—the Hemlo gold mine in Ontario. Surging gold prices triggered the company's decision to optimize its portfolio, focusing on higher-margin operations....

The world's largest miner, BHP Group (NYSE:BHP), is reportedly preparing for a leadership transition as CEO Mike Henry's tenure approaches its expected conclusion. While no formal announcement has been made, company insiders suggested the board could initiate the succession process soon, with a...

Billionaire investor John Paulson and NovaGold Resources, Inc. (AMEX:NG) have agreed to purchase a significant stake in the Donlin Gold project in Alaska. Barrick Gold Corp. (NYSE:GOLD) will sell its entire 50% interest in the project for $1 billion in cash. The Details: Novagold will purchase a 10...

Chinese CMOC Group, the world's largest producer of cobalt, has announced an all-cash acquisition of Canadian development-stage mining company Lumina Gold Corp (OTCQB:LMGDF), valued at C$581 million (around $420 million). Upon acquisition, CMOC will gain control over the Cangarejos gold-copper...

American Businessman James Cameron has reportedly offered $5 billion to acquire Eurasian Resources Group (ERG), the world's largest producer of high-carbon ferrochrome by chrome content. ERG has been headquartered in Luxembourg since its $4.5 billion privatization in 2013, and Kazakhstan's...

The U.S. is accelerating the permitting process for 10 critical mineral production projects under the FAST-41 program following President Donald Trump's executive order to reduce the country's reliance on foreign mineral imports. The initiative seeks to remove bureaucratic hurdles, secure essential...

Erik Prince, a businessman and longtime supporter of President Donald Trump, has reportedly agreed to help the Democratic Republic of Congo (DRC) secure and tax its vast mineral wealth. According to Reuters, he reached the agreement before the M23 rebel group launched a major offensive in January...

Newmont Corporation (NYSE:NEM) has officially concluded its portfolio optimization initiative. The year-long process, initiated after the Newcrest merger, ended with the sales of its Akyem mine in Ghana and the Porcupine operation in Canada. "Today, I am pleased to announce the successful...

President Donald Trump ordered a probe into tariffs on critical mineral imports, commodities that are essential for the defense, energy, and technology sectors. What happened? On Tuesday, Trump signed an executive order directing Commerce Secretary Howard Lutnick to conduct a national security...

As the gold price crossed $3,200 per ounce for the first time, Ghana, a major gold producer, has officially centralized control over its gold exports under a newly established government entity. Effective immediately, Ghana Gold Board (GoldBod) becomes the sole institution authorized to buy, sell,...