Mining Industry News
A collection of Mining latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Assini Group seeks to bring more mining opportunities to 10 participating First Nations
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Monument Mining: An Absurdly Low Valuation And Substantial Value For Shareholders
Monument Mining has 346 million shares outstanding. A US share price of $0.53 per share for a market cap of $184 million. Monument and Odyssey are currently in a dispute regarding a toll milling agreement that Odyssey signed. The special dividend…
Mining giant fires top executive after sexual harassment probe
One of Australia's largest mining companies, Fortescue Metals Group, has fired a senior executive following a months-long investigation into sexual harassment and bullying claims. The Andrew Forrest-chaired mining giant on Wednesday said an…
Sea mine crisis re-emerges in Strait of Hormuz as Tehran urges Washington to accept deal
Sea mines have resurfaced as a threat in the Strait of Hormuz, where Iran claimed Oct.17 that two oil tankers caught fire after striking the explosives, raising fresh alarms over the safety of one of the world's most critical shipping lanes. This…
Sherritt Says It Won US Fuel License in Push to Rescue Cuba Mine
Sherritt International Corp. said it received a rare US government license allowing it to ship fuel and sulfur to its Cuban nickel operations, a crucial step toward restarting production and securing a financial rescue. The authorization from the…
Two Tankers On Fire Off Oman As IRGC Boasts Of Naval Mine Warfare
On Tuesday the UK Maritime Operations Centre has reported a new incident around 121 nautical miles east of the Omani coast. The UKMTO announced the vessel was 'subject to interaction as part of ongoing military activity in the region' at around…
Iran Claims More Tankers Hit Mines in Hormuz, But Evidence Remains Elusive
Iran's Revolutionary Guards claimed Tuesday that a supertanker caught fire after striking a naval mine south of the Strait of Hormuz, adding to a series of similar claims that have yet to be independently substantiated. The Islamic Revolutionary…
Goldman Sachs warns of copper supply constraints as mine costs rise
Global copper supply faces a long-term structural constraint as declining discoveries, falling ore grades and rising development costs make new mines increasingly difficult to build, according to a report by Goldman Sachs Research, which expects…
Cornish Metals kickstarts share sale to reopen historic tin mine
A Cornish mining company is seeking to raise £135m in an attempt to finance the reopening of the historic South Crofty tin mine and end the UK's reliance on foreign imports. Cornish Metals, which is backed by the National Wealth fund, is…
Fortescue senior executive sacked after sexual harassment probe
A senior executive at Andrew Forrest's Fortescue Metals Group has been sacked following an investigation into allegations of sexual harassment and bullying at the iron ore miner. The executive, who was not named by Fortescue in its short statement…
€3 billion in mining plans bring 5,000 jobs
New mines and expansions across Andalucia could bring thousands of jobs to the region, with major projects planned in Seville, Huelva, Cordoba and Granada. The developments represent almost 3 billion in proposed investment and around 5,000 direct…
Lundin Mining Corp. (OTCMKTS:LUNMF) Stock Rated 'Hold' by Sell-Side Brokerages
Lundin Mining Corp. (OTCMKTS:LUNMF - Get Free Report) has been assigned a consensus rating of 'Hold' from the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock…
Collective Mining Steps Out 340 Meters Along the Ramp Zone's Untested Northwest Breccia Margin, Intersecting 12.10 m @ 11.33 g/t AuEq* and 54.00 m @ 2.84 g/t AuEq*
Ari Sussman, Executive Chairman, commented: 'Great mineral districts reveal themselves one drill hole at a time, and Apollo continues to tell us it is a larger system than anyone has yet modeled. With these new holes, we have stepped out roughly…
Canary in the coal mine or just a bad apple? CoreWeave debt drama roils Wall Street
New York (CNN) — Wall Street is increasingly scrutinizing the massive debt companies are taking on to fund the artificial intelligence boom. Rising interest rates and uncertainty about the pace of the data center buildout are fueling…
McEwen: The Date That Matters Isn't November 5 (NYSE:MUX)
McEwen fell 19% since September, and the market is fixed on the 5 November results and the Gold Bar recovery. Gold Bar matters, about $3 a share in my valuation. Los Azules carries $13 of my $31 risked value, and its equity price decides how much…
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