Category: Latest Mining News

Cornish Lithium, a start-up that attracted the interest of the battery metals sector with its plans to open a lithium mine in the UK, has warned it could go bust if it fails to secure capital injection of around $17 million (£10.2 million).

AngloGold Ashanti (NYSE: AU; JSE: ANG) announced on Monday it would build one of the largest renewable energy projects in Australia’s natural resource sector, which will supply power its Tropicana gold mine.

Canadian lithium explorer Patriot Battery Metals (TSXV: PMET; ASX: PMT) has refuted a media report suggesting that it had appointed Macquarie Capital to seek out potential buyers for the company.

Gold giant Newmont (NYSE: NEM; TSX: NGT) has declared force majeure on deliveries of some metal products from its Peñasquito mine in Mexico, as a strike drags on.

Marimaca Copper (TSX: MARI) has secured a $20-million investment from Mitsubishi Corp. that will give the Japanese firm a 5% stake in the junior. Proceeds of the investment, which comes via a private placement, will be used to accelerate the development Marimaca’s flagship copper project located in the Antofagasta region of Chile.

The Norwegian government outlined on Tuesday details of a plan to open its sea floor for commercial mineral exploration and extraction, targeting metals considered essential for the transition to a greener economy.

Los Andes Copper (TSXV: LA; US-OTC: LSANF) has been authorized to restart drilling at its flagship Vizcachitas project in Chile following a court ruling that lifted an injunction against the company that lasted more than a year.

Hudbay Minerals (TSX: HBM; NYSE: HBM) and Copper Mountain Mining (TSX: CMMC) shareholders have approved the resolutions required to complete their planned merger.

Glencore (LSE: GLEN) confirmed on Monday it had approached Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) with a proposal to buy the Canadian miner’s steelmaking coal business, in the latest twist in one of the mining industry’s biggest takeover battles in a decade.

Hummingbird Resources (AIM: HUM) said on Friday it had poured first gold at the Kouroussa mine in Guinea on Thursday, ahead of schedule and on budget.

Securing investment for lithium brine projects rests on convincing investors of both the resource size and quality, and its strong net present value (NPV). Access to accurate and trustworthy data at the exploration stage and proper and timely advice is also crucial.

Evolution Mining (ASX: EVN), Australia’s third-biggest gold miner, announced on Monday that is going ahead with two major expansions plans at its Mungari and Ernest Henry operations.