Barrick Gold has reached an agreement to sell the 50% interest in the Donlin gold project in Alaska held by its subsidiary to affiliates of Paulson Advisers and NOVAGOLD Resources for $1 billion in cash. In addition, Barrick has granted NOVAGOLD an option to purchase the outstanding debt owed to Barrick in connection with Donlin for $90 million if purchased…
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Manchin joins Ramaco Resources board
Coal and critical minerals producer Ramaco Resources has appointed former U.S. Senator Joseph Manchin III as an independent member to its board of directors, effective April 18. He brings decades of national leadership in energy policy and economic development to Ramaco. “Growing up in Farmington, West Virginia, I saw firsthand how coal shaped communities and powered our nation. Ramaco’s work…
Read MoreEnergy Fuels to provide rare earth oxides
Colorado-based rare earth and critical mineral producer Energy Fuels has confirmed it has successfully developed the technology it believes is required to produce six of the seven rare earth oxides, at scale, that are now subject to newly enacted Chinese export controls. The announcement comes ongoing trade tension between the U.S. and China. Energy Fuels said that its White Mesa…
Read MoreResolution Copper land swap gets green light
The Trump administration has moved forward with a proposed land swap for the Resolution Copper project in Arizona. The U.S. Forest Service said it has issued a legally required 60-day notice of the agency’s intent to republish an environmental report needed for the swap to occur. “We are encouraged to hear the U.S. Forest Service intends to republish the Final…
Read MoreREMA TIP TOP expands presence with new entity in Mexico
REMA TIP TOP is expanding its activities on the American continent with the opening of REMA TIP TOP Mexicana in Querétaro. This strategic move strengthens REMA TIP TOP’s commitment to serving the growing market in Mexico and Central America, providing high-quality products and local expertise to support the region’s industries. REMA TIP TOP has long been recognized as a leader…
Read MoreHitachi Construction Machinery provides ‘insight’ into mine efficiency
Hitachi Construction Machinery has developed the LANDCROS Connect Insight solution to help users increase the efficiency of their mining operations. It plans to deploy the solution through its global dealer network. LANDCROS Connect Insight builds on the company’s ConSite Mine service to deliver high resolution data in near-real time to support detailed analysis. Further support is provided by data scientists,…
Read MoreMSHA reports 11th fatality of 2025
MSHA reported that on March 28 at a sand and gravel operation in Washington, Kan., a miner was fatally injured at a surface mine when sand from the highwall engulfed the front-end loader he was operating. The miner was digging sand from the toe of the highwall. This is the 11th fatality reported in 2025, and the fifth classified as…
Read MoreIvanhoe Electric receives financing for Santa Cruz project
Ivanhoe Electric received a Letter of Interest from the Export-Import Bank of the United States (EXIM Bank) outlining the potential to provide up to $825 million in debt financing for the development of the Santa Cruz copper project in Arizona. The project aligns with the EXIM Bank’s Make More in America initiative, which is intended to increase the United States’…
Read MorePiedmont-Sayona merger forms Elevra Lithium
Upon completion of the Piedmont Lithium and Sayona Mining merger announced last November, the combined North American lithium business will be named Elevra Lithium. The board of directors of Elevra Lithium will consist of four Piedmont nominees from Piedmont’s current board (including the chair designate of Elevra) and four Sayona nominees from its current board (including the current managing director…
Read MoreKomatsu expands presence in Southwest
Komatsu recently broke ground on a 215,000-square-foot facility in Mesa, Ariz., marking a significant milestone in the company’s commitment to mining customers in the southwestern United States. The expansion will triple Komatsu’s current operational footprint in Mesa. “As the copper industry continues to grow, Arizona is at the heart of that momentum,” said Tom Suess, vice president of Komatsu North…
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