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5 days ago | 
mining.com | Amanda Stutt
China is by far the largest copper consumer and is the world’s number one refiner of the metal by a large margin. Following the announced 90-day suspension of tariffs, the stock market rebounded and with it the price of copper. The red metal is now trading at $4.62 a pound, 5% higher than the April 8 trough of $4.07. Year to date, the copper price is 7.5% stronger. There are several reasons for copper’s reversal of fortune. The first is an easing of geopolitical tensions.
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5 days ago | 
mining.com | Amanda Stutt
Fortune Minerals (TSX: FT) (OTCQB: FTMDF) reported Friday that metallurgical test work validation is complete for the bismuth circuits for the company’s 100% owned NICO cobalt-gold-bismuth-copper critical minerals project in Canada’s Northwest Territories. Bismuth is a scarce industrial metal that has characteristics similar to lead, but is non-toxic, and the industry is currently developing uses for replacing lead.
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1 week ago | 
mining.com | Amanda Stutt
British Columbia hosts massive, untapped mineral reserves that offer the province a generational opportunity to compete as a key player in global critical minerals markets, Mining Association of British Columbia CEO Michael Goehring told the audience at a Greater Vancouver Board of Trade event at the Fairmont Hotel Vancouver on Tuesday.
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1 week ago | 
mining.com | Amanda Stutt
A Calgary-based clean energy and biotech startup is aiming to transform the way the world’s livestock is fed by providing a low-cost, low-carbon, alternative to fish or soybean meal — by tapping into an abundant Canadian resource: coal.
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1 week ago | 
mining.com | Amanda Stutt
Australian space explorer Fleet Space Technologies announced Monday it has signed a contract with Saudi miner Ma’aden to explore up to 12,012.6km² of the company’s priority projects across the Arabian Shield. The four-year agreement with the Fleet Space and Tahreez JV will enable high-resolution, real-time 3D subsurface imaging up to 7km in depth to support Ma’aden’s growth strategy, the company said.
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1 week ago | 
mining.com | Amanda Stutt
Colorado-based critical minerals extraction start-up Alta Resource Technologies announced Monday it has expanded its Series Seed funding to $10 million with the close of an additional $4.4 million investment. The investment was co-led by DCVC and Voyager Ventures with participation from Orion Industrial Ventures and In-Q-Tel (IQT) – a non-profit strategic investor and the CIA’s venture capital arm.
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1 week ago | 
mining.com | Amanda Stutt
The Canadian Institute of Mining, Metallurgy & Petroleum (CIM) announced Monday that it launched The Innovation & Technology Society (ITS) at CIM CONNECT in Montreal in early May to unite innovators and companies across the mining value chain. At the heart of the initiative, CIM said, is the drive to accelerate the development and adoption of solutions to the industry’s most pressing challenges.
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1 week ago | 
mining.com | Amanda Stutt
In contrast with Canada’s uranium hotspot, the Athabasca basin in Saskatchewan, exploration and mining of the energy metal has for at least 12 years been banned or largely restricted for environmental reasons in British Columbia, Quebec and Nova Scotia. In March, the government in Halifax introduced legislation to lift the ban, though it hasn’t yet received royal assent.
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1 week ago | 
mining.com | Amanda Stutt
Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM) announced Friday that Natascha Viljoen, Executive Vice President and Chief Operating Officer, has been promoted to President and Chief Operating Officer. Prior to joining Newmont, Viljoen served as the Chief Executive Officer of Anglo American Platinum, the world’s largest primary producer of platinum. Viljoen will continue to report directly to Chief Executive Officer Tom Palmer.
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1 week ago | 
mining.com | Amanda Stutt
USA Today reported the US economy’s performance in Q1 was the worst in three years. GDP growth in the last quarter of Biden’s administration was 2.4%; in the first quarter of Trump’s administration, it is – 0.3%. Wednesday’s Commerce Department report showed that US consumer spending rose 0.7% in March, a solid gain but consumers might of been stocking up before Trump’s tariffs took effect.
