Miners face supply chain overhaul to meet US EV credit deadline

Mining News Pro - Miners will struggle to expand operations in the United States in record time to meet a deadline for sourcing key minerals domestically or from select countries as set out by a bill likely to be passed on Friday, companies and industry watchers said.

Lucara Diamond starts shaft-sinking at $547m Karowe mine expansion

Mining News Pro - Canada’s Lucara Diamond is moving towards the main shaft sinking phase at the underground expansion project of its Karowe mine in Botswana, which will extend the operation’s life until 2040.

Chile rethinks mine safety after worker deaths and expanding sinkhole

Mining News Pro - Chile is taking another look at health in safety in its mines after two workers died on a mining construction project in July and a giant sinkhole more recently opened up near a copper mine.

Weekly Report: A Glance at the Price of Different Minerals

Mining News Pro - Shrinking steel stocks in China, partly because of its policy to curb annual output to limit emissions, are also prompting the resumption of blast furnace operations.

Barrick Gold boss tells miners to brace for more inflation

Mining News Pro - Barrick Gold Corp. boss Mark Bristow is sticking with his cost guidance for now, despite inflationary headwinds at mines around the world, but said the idea that industry costs have peaked is “wishful thinking.”

St Barbara wants to raise tailings dam at Touquoy gold mine in Nova Scotia

Mining News Pro - St Barbara could be forced to suspend operations at the Touquoy gold mine in Nova Scotia soon, should it fail to receive provincial government approval for a proposed tailings capacity expansion by early August. The mine’s current tailings capacity is expected to be exhausted in mid-September 2022.

Chile to ‘sanction’ those responsible for sinkhole near copper mine

Mining News Pro - Chile will seek to apply harsh sanctions on those responsible for a huge sinkhole near a copper mine in the country’s north, the mining minister said on Monday.

Canada sends mining equipment, personnel to the Dominican Republic to help rescue trapped miners

Mining News Pro - Canadian personnel and equipment have been sent to the Dominican Republic to help rescue two men who have been trapped for a week in an underground mine at the Cerro de Maimón operation located in the central part of the island.

Hundreds of new mines required to meet 2030 battery metals demand

Mining News Pro - Global battery and minerals supply chains need to expand ten-fold to meet projected critical minerals needs by 2030, a report published by the International Energy Agency (IEA) has found.

Horizonte Minerals signs $135 million equipment contracts for Brazil nickel project

Mining News Pro - Horizonte Minerals said on Thursday that it had signed $135 million in contracts with machinery suppliers for the Araguaia nickel project in Brazil.

New ways to deal with arsenic in Chile’s copper mines

Mining News Pro - German and Chilean researchers are working on a project aimed at optimizing and advancing copper production processes with a particular focus on addressing the problems posed by sulfur-based ores that contain arsenic.

Ten Mexican miners remain trapped in coal mine after three rescued

Mining News Pro - Rescuers in Mexico, including dozens of soldiers, were working desperately on Wednesday to reach ten miners trapped in a flooded coal mine following the collapse of an inner wall, the ministry handling the disaster said.

Seabridge Gold PEA outlines standalone underground mine plan at KSM in British Columbia

Mining News Pro - Seabridge Gold has announced results of a preliminary economic assessment (PEA) for a potential copper-rich underground mine at its 100% owned KSM project located in northern British Columbia.

Codelco reports accident at mine where worker died last month

Mining News Pro - Top global copper producer Codelco reported an accident at its Chuquicamata mine on Wednesday, weeks after a mishap killed a worker there and drew scrutiny to the Chilean state company’s safety practices.

Baffinland to terminate 1,100 workers at Mary River iron ore mine

Mining News Pro - Baffinland Iron Mines has sent termination notices to over 1,100 workers at Mary River iron ore mine, in Canada’s Nunavut territory, as the company’s request to increase production to 6 million tonnes through to the end of the year and an expansion application have yet to be answered.

Up to 11 Mexican miners trapped in coal mine after collapse

Mining News Pro - Mexican authorities were working on Wednesday to rescue a group of miners trapped in a coal mine in the state of Coahuila after it collapsed, Coahuila State Secretary Fernando Donato de Las Fuentes said in an interview on national television.

New Plans of Miners to Dodge the Big Slowdown

Mining News Pro - The world’s biggest miners have spent the past two weeks reporting lower profits, shrinking dividends and a worsening outlook as the year rolls on. Next up: Glencore Plc looks set to buck the trend.

Not enough women miners in Australia

Mining News Pro - Global investor and economist Dambisa Moyo this week became the first woman ever to deliver the keynote speech at the mining industry’s annual conference in Western Australia, a boost for the sector as it faces scrutiny over perceived sexism.

Lynas to invest $345m in rare earths mine to tap demand

Mining News Pro - Australia’s Lynas Rare Earths Ltd on Wednesday unveiled plans to invest A$500 million ($345.40 million) to expand capacity at its Western Australia-based Mt Weld mine, in an attempt to meet market demand for rare-earths materials.

Sinkhole drags down Lundin shares as analysts weigh mine impact

Mining News Pro - Lundin Mining Corp. fell the most among copper-mining peers Tuesday after a giant sinkhole opened up above one of its underground mines in Chile, sounding alarms over safety and production.

Weekly Report: A Glance at the Price of Different Minerals

Mining News Pro - Copper rose 2.9% to $3.58 ($7,876) a tonne on the Comex market in New York during the Friday morning session.

Chile probes giant sinkhole at Lundin underground copper mine

Mining News Pro - Chilean authorities are investigating a giant sinkhole that opened up over the weekend above an underground copper mine operated by Canada’s Lundin Mining Corp.

Toyota-Panasonic battery JV to buy lithium from ioneer’s Nevada mine

Mining News Pro - A joint battery venture of Toyota Motor Corp and Panasonic Corp will buy lithium from ioneer Ltd’s Rhyolite Ridge mining project and use the metal to build electric vehicle batteries in the United States.

Monarch pours first gold bar from Beaufor mine in Quebec

Mining News Pro - Monarch Mining has produced its first gold bar from the Beaufor mine and Beacon mill located east of Val-d’Or, Que., achieving what the company considers to be its most significant milestone since listing in January 2021.

Vale earnings disappoint as miners grapple with stagflation

Mining News Pro - Vale SA struggled more than expected with deteriorating iron ore conditions last quarter, delivering earnings that trailed estimates on rising costs and weaker prices of the steelmaking ingredient.

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