With six drill rigs currently active on site, and two more to follow soon, Acacia expects to increase the resource to 2 million ounces by the end of the year.
A practical method for extracting the uranium present in the oceans could help make nuclear power a viable part of the quest for a carbon-free energy future, researchers say.
The world's No.1 iron-ore producer recorded a net profit of $3.98 billion in 2016, a significant recovery from a loss of $12.13 billion it reported a year earlier.
A surge in commodity prices combined with its multibillion-dollar asset fire-sale has put the company in a position to pay big dividends and explore acquisitions.
The world's No.1 heavy machinery maker is telling miners not to rest on their laurels now that the industry is finally coming back up from a brutal downturn and keep focused on maximizing returns and efficiency.