Russian miner Nordgold has begun replatforming its mine planning IT systems to Deswik, following a successful three-month trial period. The company, which has gold mines in Russia, Kazakhstan, Burkina Faso, Guinea and Canada, will integrate Deswik’s numerous software applications across its global operating environment. Deswik provides specialist...
ASX-listed junior explorer Encounter Resources has received endorsement for its Elliott copper project in Australia’s Northern Territory from BHP, with the two companies forming a joint venture (JV). Mining giant BHP can earn up to 75% interest in the project by funding US$16 million over 10...
Tesla is set to enter the mining business with a lithium claim on 10,000 acres in Nevada, CEO Elon Musk announced at its Battery Day event yesterday. The electric vehicle maker is planning to be a sustainable miner with a low impact on the local environment,...
Gold royalty and streaming company Maverix Metals has signed a deal to acquire a portfolio of gold royalties from mining giant Newmont Corporation, it announced earlier this week. The US$90 million deal for 11 gold royalties on a selection of Newmont’s North/central American assets will provide...
ASX-listed lithium junior Lake Resources has seen its share price surge by another 50% today in the run up to Tesla’s ‘Battery Day’ on Tuesday, an event which will reportedly reveal ground-breaking developments in battery technology. Last week, the company announced that its partner Hazen Research...
Exploration firm Cornish Lithium yesterday announced it had discovered ‘globally significant’ lithium reserves in hot springs within a historic mining region in the far Southwest of the UK. The UK government-backed company conducted tests in geothermal waters in Cornwall which have revealed some of the world’s...
Canada’s TMX Group has published its TSX30 ranking for 2020, which revealed that 14 of the 30 top performing stocks on the Toronto Stock Exchange (TSX) this year are mining companies. Founded last year, the TSX30 ranks stocks based on dividend-adjusted share price appreciation over a...
Privately-owned miner Atlantic Nickel has released plans to build an underground nickel sulphide mine in Northeastern Brazil at a capital cost of US$335 million starting in 2026. The firm – owned by British private equity fund Appian Capital Advistory - released a preliminary economic assessment (PEA)...
TSXV-listed O3 Mining has today published a positive preliminary economic assessment (PEA) for its Marban gold project in the mining region of Val D'Or in Québec, Canada. The PEA, prepared in accordance with NI 43-101 Standards of Disclosure for Mineral Projects within Canada, contains economic metrics...
Vale is set to place its Goro nickel and cobalt mine in New Caledonia on care and maintenance after Australian miner New Century Resources failed to submit a binding offer for the operation. After the exclusivity period that the companies entered into in May lapsed on...