Mining

MINING.com is a recognized digital publication dedicated to the worldwide mining industry. Since our debut in February 2011, we have experienced significant growth, now attracting 1.1 million page views each month. Our extensive email list boasts over 500,000 subscribers. Our website is optimized for mobile use, with one-third of our visitors accessing content via their smartphones or tablets. Additionally, we provide news articles in both Portuguese and Spanish, with editorial teams located in Lima, Peru, and Belo Horizonte, Brazil.

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Panama President rules out new mine deal with First Quantum

1 day ago | mining.com | Cecilia Jamasmie

Panama will not offer a new mining contract to Canada’s First Quantum Minerals (TSX: FM), President José Raúl Mulino said, signalling a hard line in the ongoing dispute that has kept the company’s $10 billion Cobre Panamá copper mine shuttered since late 2023. Speaking at an industry event in Panama City, Mulino said the path forward remained uncertain but noted he remained open to forming an association with First Quantum. “I can’t tell you yet what path (we) will follow.
Premier African Minerals stock triples on Glencore deal talks

1 day ago | mining.com | Cecilia Jamasmie

Premier African Minerals (LON: PREM) shares more than tripled on Wednesday after the company announced it was pursuing a lithium concentrate supply agreement with Glencore (LON: GLEN). The stock surged to 0.092p in late-morning trading, up from Tuesday’s close of 0.030p. By midday, it was up 80% at 0.056p, valuing the company at £25.3 million ($33.6 million).
US backs Victory Metals rare earths project with $190M offer

1 day ago | mining.com | Cecilia Jamasmie

Victory Metals (ASX: VTM) has received a letter of interest from the Export-Import Bank of the United States (EXIM) for up to $190 million in financing to develop its North Stanmore heavy rare earths project in Western Australia.
ReElement Technologies accelerates rare earth production at Indiana plant

2 days ago | mining.com | Jackson Chen

Amid escalating US-China trade tensions, American rare earth refiner ReElement Technologies says it will expand the operational equipment at its Noblesville plant in Indiana to meet surging demand for domestically sourced rare earth oxides.
Codelco inks energy deals for 100% clean matrix by 2030

2 days ago | mining.com | Cecilia Jamasmie

Chilean copper giant Codelco has signed two energy contracts as part of its goal to run entirely on clean electricity by 2030. The state-run miner said the deals will deliver 1.5 terawatt-hours of green power annually starting in 2026, sourced from Generadora Metropolitana — owned by Chile’s AME Group and France’s EDF — and GR Power Chile. The contracts, awarded through a public tender, include lithium-ion battery storage and will run from January 2026 to December 2040.
Centerra acquires 9.9% of British Columbia-focused Thesis Gold

2 days ago | mining.com | Jackson Chen

Centerra Gold (TSX: CG) has bought a 9.9% stake in Thesis Gold (TSXV: TAU), citing the potential growth and synergy of the latter’s flagship project located next to its Kemess gold-copper project in north-central British Columbia. In a press release Tuesday, the Canadian gold miner said it will purchase approximately 23.5 million common shares of Thesis at C$1.03 a share for C$24.2 million.
Gold price hits $3,500 as flight to safe haven continues

2 days ago | mining.com | Jackson Chen

Gold surpassed the $3,500-an-ounce for the first time Tuesday as weakness in the US dollar and trade war fears boosted demand for the safe-haven asset. Spot gold breached a new record high of $3,500.05 per ounce during Asian trading hours, before paring some gains. By 10:30 a.m. in New York, the yellow metal traded at $3,438.14 for a 0.3% intraday gain. US gold futures also rose 0.5% to $3,444.60 an ounce.
Barrick to sell Donlin Gold stake to Paulson, Novagold for $1B

2 days ago | mining.com | Cecilia Jamasmie

Canada’s Barrick Gold (NYSE:GOLD)(TSX:ABX) is exiting the Donlin Gold project in Alaska by selling its 50% stake for $1 billion to billionaire John Paulson and Novagold Resources (TSX: NG). Paulson Advisers LLC will acquire 80% of Barrick Gold’s interest Dolin Gold, with Novagold purchasing the remaining 20%. Both parties will contribute to the purchase price proportionally, according to separate statements from the mining companies.
UK flags possible security review as deep-sea mining licences go up for sale: FT

3 days ago | mining.com | Jackson Chen

Britain may trigger a national security review over the proposed sale of two deep-sea mining exploration licences after the Norwegian parent of UK Seabed Resources (UKSR) filed for bankruptcy, the Financial Times reported. The licences, sponsored by the UK and located in the Pacific Ocean, are held by UKSR, which was acquired in 2023 by Norway’s Loke Marine Minerals from US defense contractor Lockheed Martin. Loke filed for bankruptcy earlier this month, prompting an auction for its assets.
Politicians aiming to win over mining sector ahead of Australian election

3 days ago | mining.com | Jackson Chen

Australians will head to the polls on May 3 and while cost of living and the housing crisis are the main issues for voters, both sides of politics recognize the need to win over the country’s powerful mining sector. Australia has two major political parties, Labor and Liberal, though the Liberal Party and National Party have an alliance known as the Coalition. Before the election was called in late March, the two main parties were neck and neck in the polls.