Lithium Americas Corp. (TSX:LAC) (NYSE:LAC) is expanding the resource at its Thacker Pass lithium project in Nevada, USA, and is awaiting a final permit decision from the state of Nevada. The company announced that it has completed a preliminary economic assessment (PEA) for the project, which shows that the Thacker Pass project has the potential…
Uranium mining stocks surged on Tuesday as the United States considers imposing sanctions on Russia’s top uranium supplier, a move that could reduce global supplies of the nuclear fuel and drive up prices. The U.S. Treasury Department is reportedly weighing sanctions on Russia’s state-owned nuclear energy corporation, Rosatom, which supplies about one-third of the world’s…
Nickel’s electric dreams turn into a pricing nightmare : The electric vehicle (EV) market is booming. With the rise of Tesla and other electric car manufacturers, more and more people are looking to make the switch to electric. But as the market grows, so too do the prices of these cars. This has led to…
The Zijin Mining Group is a Chinese multinational mining conglomerate that is one of the world’s largest gold producers. It has been operating in Colombia since 2008 and is the largest foreign investor in the country’s mining sector. In May 2021, the company’s gold mine in Colombia, located in the municipality of Buritica, was the…
Botswana Diamonds, a diamond exploration and project development company, has announced that it has started diamond mining operations in South Africa. The company is exploring for diamonds in the country’s Northern Cape Province, which is renowned for its diamond deposits. Botswana Diamonds has already acquired a number of diamond-bearing properties in the region and is…
The closure of the last zinc smelter in Europe has added to the conundrum of how to meet the rising global demand for zinc. The closure of the French smelter in Salindres in December 2019 has left Europe without an integrated zinc smelter and has put pressure on the global zinc market. Zinc is an…
China’s decision to remove all remaining restrictions on Australian coal imports has been welcomed by the Australian government, which has been seeking to boost trade ties with its largest trading partner. The move was announced on Wednesday by China’s Ministry of Commerce, which said that the restrictions, which had been in place since February, had…
Europe’s first lithium mine has agreed to merge with Sizzle SPAC, a special purpose acquisition company (SPAC), in a deal that will give the mine a market value of $1.4 billion. The deal, which was announced on April 5, 2021, will see the lithium mine, called Bacanora Minerals Ltd., become a publicly traded company. Bacanora…
Alrosa, the world’s top diamond miner, has been hit by US sanctions, leading to a drop in its share price and a warning from the company that it could be forced to delay some of its projects. The US Treasury Department announced on April 15th that it had sanctioned Alrosa and its subsidiaries for their…
Copper prices have been on the rise in recent weeks, buoyed by hopes of improving demand in China, the world’s largest consumer of the metal. The price of copper, a key industrial metal used in the production of everything from electronics to cars, has been on a roller coaster ride in recent months. After hitting…