TSX-listed Aclara Resources confirms in a feasibility study for its Carina project, in Brazil, the viability of an 18-year operation producing 4 378 t/y of rare earth oxides. This includes meaningful output of dysprosium, terbium, neodymium and praseodymium.
South Africa’s Presidency has been advised to reduce dependency on imported fossil fuels as current events may alter the economics of alternative fuel sources such as green hydrogen and green ammonia, for the production of which South Africa enjoys competitive advantages, Business Day reported on Monday, April 13. Forming part of a summary of priority decisions is that there must be less reliance placed on imported fuels and great emphasis placed on energy independence.
Venezuela's effort to attract foreign investors to develop its gold, iron and bauxite seams has enthusiastic backing from the Trump administration but faces big challenges, including armed groups with deep interests in the chaotic, largely illegal prospecting industry that has developed over the past 20 years, according to nine miners, residents and community activists who spoke to Reuters. The sources in the sprawling southeastern state of Bolivar said they were skeptical international companies... Читать дальше...
TSX-V-listed Silverco Mining has confirmed in a preliminary economic assessment (PEA) of the Cusi mine, in Mexico, that a low-capital restart and production of 2.5-million ounces of silver equivalent are possible. The mine has an after-tax net present value (NPV) of $104-million and internal rate of return (IRR) of 94% with payback within nine months at base case silver prices of $44.58/oz.
Brazil-headquartered iron-ore and nickel producer Vale is reinforcing the Minas Gerais region as a hub for iron-ore production from circular sources, having advanced a circular mining programme at the suspended Gongo Soco mine. The company is implementing a project to reprocess tailings from the mine’s decommissioned Sul Superior dam, which was determined to have elevated safety risk levels in 2019.
After announcing a private placement to raise C$20-million, TSX-V-listed Selkirk Copper Mines has increased the size of the placement to raise gross proceeds of C$41-million, or $30-million, owing to strong investor demand. The proceeds will be used to advance development of the Minto mine, in Canada’s Yukon territory, as well as for working capital and general corporate purposes.
Asian liquefied natural gas imports have dropped to the lowest in almost six years as the conflict in the Middle East chokes supplies and forces buyers to curb consumption. The 30-day moving average of net shipments to the region fell below 600,000 tons over the weekend, the least since June 2020, according to ship-tracking data compiled by Bloomberg. That was when the Covid pandemic slashed gas demand across Asia.
Creamer Media’s Mining Weekly has launched a new daily email newsletter and related webpage to consolidate its global resources coverage under the Mining Weekly International banner. Each weekday, these new platforms will provide a comprehensive roundup of the most significant news and developments in the world of mining. The Mining Weekly International newsletter will be sent out to readers each Monday to Friday at 15:00 Central European Time and Central Africa Time (CAT), or 09:00 Eastern Standard... Читать дальше...
Peru's government has revoked its authorization for Southern Copper's Tia Maria copper project and sent it back to authorities for review, the mining ministry said on Friday, creating a new obstacle for the long-stalled project. Tia Maria, one of the biggest mines under development in Peru, the world's third-largest copper producer, has a target start date of late 2027 following more than a decade of opposition from local farmers and residents who fear pollution and water contamination.
