Mining Industry News
A collection of Mining latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Copper Mines Need $332 Billion New Investment to Ease Shortfall
Copper mines need about $332 billion of new investment to avert a future supply shock, according to Bloomberg New Energy Finance estimates. Without significant capital outlays, the copper market faces a projected supply shortfall of 20 million…
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…
Copper Boom Belies a Deepening 'Mining Recession' in Top Producer
Chile's aging copper mines have been battered by deadly accidents, extreme weather and operational missteps, raising questions over how quickly the world's biggest producer can recover from its lowest output in more than two decades. At least seven…
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…
Former coal mine chosen for A$12 billion NSW train manufacturing push
A former coal mine in the Hunter region is set to become the centrepiece of New South Wales' A$12 billion plan to rebuild domestic train manufacturing. The NSW Government has selected the former Teralba coal mine site at Lake Macquarie as its…
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…
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…
€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…
Australian mining company wants to explore for gold in Golden Bay
An Australian mining company wants permission to explore for gold on conservation land in Golden Bay after its original bid for a mining permit was rejected. Siren Gold said the application for a five-year exploration permit - covering a…
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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