Canadian miners cheer Ottawa's critical minerals budget plan

Mining News Pro -Canadian miners say Ottawa's plan to spend C$3.8-billion ($3.02-billion) to boost domestic production of lithium, copper and other strategic minerals should help propel the country's efforts to become a key part of the global electric vehicle supply chain.

Appea calls for gas incentives ahead of federal budget

Mining News Pro - The Australian Petroleum Production and Exploration Association (Appea) has called on the Australian government to encourage continued investment in secure, cleaner energy.

Turquoise Hill okays Oyu Tolgoi $75m bridging budget

Mining News Pro - Turquoise Hill Resources’ board has approved a bridging budget of $75 million that allows the parties involved in the vast Oyu Tolgoi copper-gold mine in Mongolia to progress the operation’s underground expansion.

Tasmanian Budget backs exploration and diversity

Mining News Pro - The Tasmanian Government has boosted mining in its Budget for 2021-22 with further investment in the Exploration Drilling Grant initiative and the Geoscience initiative.

Queensland Budget backs exploration sector to support jobs

Mining News Pro - The Queensland Government has provided almost $5 million in investment to strengthen the state’s exploration sector as part of this year’s Budget.

BHP looks to double base metals exploration budget, executive says

Mining News Pro - BHP Group plans to almost double exploration spending for base metals within five years, its Chief Technical Officer Laura Tyler said on Wednesday, after shifting its exploration headquarters to Canada.

NSW eyes critical minerals investment in 2021-22 budget

Mining News Pro - The New South Wales Government has pledged almost $200 million for mining industries and communities as part of the state’s 2021-22 budget, including a focus on critical minerals exploration.

Victorian Budget injects $35.7m into resources sector

Mining News Pro - The Victorian Government has provided $35.7 million in funding for the state’s resources sector to ramp up exploration approvals and attract further investment to the state, as part of its 2021/22 Budget.

Victorian Budget injects $35.7m into resources sector

Mining News Pro - The Victorian Government has provided $35.7 million in funding for the state’s resources sector to ramp up exploration approvals and attract further investment to the state, as part of its 2021/22 Budget.

Resources sector boosts federal budget spending spree

Mining News Pro - The Australian Government’s 2021-22 Budget has been fuelled by stronger commodity prices, which have enabled increased investment in the sector.

Antipa JV`s exploration budget increases

Mining News Pro - The joint venture (JV) partners for the Citadel copper/gold project, in Western Australia, have increased the exploration budget for 2021 from A$13.8-million to A$24.5-million.

Resgen secures additional funds for subsidiary’s austerity operating budget

Mining News Pro - Resource Generation (Resgen) has reached an in-principle agreement with Noble Group to provide additional working capital to its partly owned subsidiary Ledjadja Coal.

Nonferrous metals exploration budget down by 11% in 2020

Mining News Pro - S&P Global Market Intelligence’s annual World Exploration Trends Report was released this week and shows that the global budget for nonferrous metals exploration decreased 11% to an estimated $8.7 billion in 2020 from $9.8 billion in 2019.

Kore’s DX feasibility study on track, budget for completion in May

Mining News Pro - Potash development company Kore Potash reports that the definitive feasibility study (DFS) for Phase 1 of its 97%-owned Dougou Extension (DX) potash project in Congo-Brazzaville remains on track and within budget to be completed in May.

QLD budget delivers $29m for minerals exploration

Mining News Pro - The Queensland Government is encouraging the state’s resources industry to discover new minerals, including nickel, cobalt, copper and gold as part of its exploration funding in the 2020-21 state budget.

Federal Budget backs mining to drive economic recovery

Mining News Pro - The Australian Government’s 2020-21 Budget is a win for the mining industry as it prioritises training and education, and research and development in manufacturing and supporting industries.

UltraTech Cement cuts capital expenditure budget to US$130m

Mining News Pro - UltraTech Cement has cuts its capital expenditure budget to around US$130m due to the coronavirus pandemic. Work on its 2.2Mt/yr Cuttack grinding unit, which was scheduled for commissioning in March 2021, has been slowed down.

Rio boosts Citadel copper JV exploration budget

Mining News Pro - The exploration arm of mining major Rio Tinto will spend A$9.2-million on exploration at the Citadel copper/gold joint venture (JV), in Western Australia, during 2020.

Global exploration budget declines 3% in 2019

Mining News Pro - Global exploration budget for nonferrous metals decreased by 3% last year to an estimated $9.8 billion from $10.1 billion in 2018, according to S&P Global Market Intelligence’s latest World Exploration Trends report. The decline in planned spending halts a two-year rebound in the exploration sector.

Trump budget proposes $150m for creation of uranium reserve

Mining News Pro - President Donald Trump’s 2021 budget proposed $150 million for the creation of a U.S. uranium reserve as the administration seeks to help struggling producers of the fuel for nuclear power reactors.

IMPASCO’s Member of the Board;

More than 50% of World’s Exploration Budget Belongs to Gold

Mining News Pro - In an interview with Mining News Agency, member of the board of Iran Minerals Production and Supply Company said according to the researches of Iran’s Geology Organization and Mining Exploration, gold is one of the minerals which is high priority..

Southern Copper reviewing Tía María’s budget

Mining News Pro - Southern Copper’s VP of Finance, Raúl Jacob, said this week that the company is evaluating the possibility of making changes to the Tía María project’s $300-million development budget.

Miners are budgeting for a recovery in copper

Mining News Pro - Don’t listen to what miners say. Look at what they do.

Roxgold rocks it on schedule, under budget at Bagassi South

Mining News Pro - The project, which increases capacity by almost 50% from 750t per day (270,000t per year) to 1,100t/d (400,000t/y), wrapped up both ahead of schedule and 10% - about US$2.8 million - under budget.v

Roxgold completes Bagassi South project under budget

Mining News Pro - Roxgold Inc. (Roxgold) has announced that the Bagassi South project has been completed under budget and on schedule with the successful practical completion of its process plant expansion.

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