Miners are pushing to sharply boost lithium output in the United States, as automakers in the world's third biggest electric vehicle market are eager to cut their dependence on China for the critical battery ingredient and find more local sources.
Brazil's Vale on Monday unveiled a $690 million financing to expand a Canadian nickel mine, agreeing to sell unmined cobalt from Voisey's Bay as a booming electric vehicle market propels demand for the critical battery ingredient.
VANCOUVER Nevsun Resources, a Canadian miner which has been approached regarding a takeover, should enter "good-faith negotiations with any suitor," Adrian Day Asset Management, one of Nevsun's top 10 shareholders, said in an open letter to the company's board on Wednesday.
TORONTO/VANCOUVER, June 1 U.S. hedge fund
Paulson & Co, led by long-time gold bull John Paulson, is set to
name a group of investors that will work together to try to
drive changes and better returns from gold mining companies
after years of dismal industry performance, according to people
familiar with the situation.
May 22 Canada's Cobalt 27 Capital Corp
said on Tuesday it has agreed to the world's first cobalt-nickel
streaming finance deal on a producing mine with an Australian
miner as the industry looks to bolster supplies of the key
VANCOUVER/TORONTO The weak human rights record of one of Africa's poorest countries is coming between Lundin Mining Corp and its pursuit of a prized European copper and gold asset. Cash-rich Lundin's latest run at fellow Canadian miner Nevsun Resources Ltd is designed to bag the Timok project in Serbia, but it had to bring on a partner to pick up Nevsun's Bisha mine in Eritrea.
VANCOUVER Nevsun Resources' second biggest shareholder said on Tuesday it is "positively inclined" to an unsolicited C$1.5 billion ($1.16 billion) takeover proposal for the Canadian copper-zinc miner, whose shares rose as much as 24 percent on the approach.
Shares of Freeport-McMoRan Inc fell more than 14 percent on Tuesday after the miner revealed onerous environmental demands from Indonesia's government that could delay a new contract for its massive Grasberg copper mine.
Barrick Gold Corp said on Monday it was done selling assets to cut debt and would instead use funds from future sales for growth or to pay dividends, as it looks set to lose its rank as the world's biggest gold producer due to declining production.
VANCOUVER The government of British Columbia said on Wednesday it would file a legal challenge of Kinder Morgan Canada Ltd's contentious Trans Mountain pipeline expansion by month-end, even as a poll showed mounting public support for the project.