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’…
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Piedmont-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…
Read MoreTrump signs executive order to boost coal
U.S. President Donald Trump has inked four executive orders he said will reinvigorate the coal industry by attempting to classify the commodity as a mineral, and lift several regulatory barriers to coal that will open the doors to its expanded use once more. The White House said Trump has directed the Chair of the National Energy Dominance Council to designate…
Read MoreThe Metals Company seeks permits for deep-sea exploration
The Metals Company USA has initiated a process with the National Oceanic and Atmospheric Administration (NOAA) under the U.S. Department of Commerce to apply for exploration licenses and commercial recovery permits under existing U.S. legislation. Following extensive legal diligence, the company believes that the Deep Seabed Hard Mineral Resources Act of 1980 (DSHMRA) offers the greatest probability of securing a…
Read MoreRio Tinto unearths rare yellow diamond in Canada
Rio Tinto has discovered one of the largest gem-quality yellow diamonds ever in Canada from its Diavik mine in the remote Northwest Territories of Canada. The 158.20 carat rough diamond is one of only five yellow diamonds weighing more than 100 carats ever unearthed at Diavik. The mine’s production primarily consists of white gem quality diamonds, with less than 1%…
Read MoreWest Virginia Coal Show 2025 just days away
Less than a week remains before the doors open at the Charleston Coliseum and Convention Center in West Virginia for the second West Virginia Coal Show on April 15-16. The show, which will extend across a main show floor, coliseum space and main lobby areas, will bring together top suppliers and service companies with decision makers in the coal industry…
Read MoreCourt temporarily blocks silica rule
A federal appeals court has temporarily blocked The Mine Safety and Health Administration’s silica dust rule to limit silica dust exposure for coal miners. It was supposed to take effect on April 14. The National Sand, Stone and Gravel Association recently sought an emergency stay of the rule in the 8th U.S. Circuit Court of Appeals in St. Louis and…
Read MoreCopper Mountain now belongs to Hudbay
Canadian miner Hudbay Minerals has consolidated its ownership of the Copper Mountain operation, located in southern British Columbia, to 100% — solidifying its desire to be the second largest copper producer in Canada and also increasing its overall North American footprint. The consolidation gives Hudbay the needed exposure to a long-life, high-quality copper asset in Canada, what it has called…
Read MoreFirst concentrate batch at Terronera
Endeavour Silver said its construction work at the Terronera project in the Jalisco state, Mexico, is nearing its final stages and it is producing its initial batch of concentrate. In an update report, the producer said wet commissioning is anticipated to begin early in the second quarter. Advances to date include: Its focus remains on completing the tailing filter electrical…
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