Franco-Nevada offers ‘financial lifeline’ to Red Pine Exploration

World's biggest miner completed the excavation and lining of the two 1,000 metre shafts at the mine, the largest of their kind in the Canadian province. 

The mining industry has been weighed down this year since the Russian invasion of Ukraine by a supply bottleneck that sparked off inflation.

The project will test whether using seaweed enhances the health of tree species that are native to areas where Teck is rehabilitating former mining areas.

Newmont's all-in sustaining costs were up 13.5% in quarter ended Sept. 30.

Rio recently raised its offer but still faces opposition from multiple parties including Turquoise Hill's second-largest shareholder.

Vale is seeking to raise more than $2 billion from the deal, Bloomberg sources say.

The kingdom says it’s sitting on top of $1.3 trillion worth of untapped mineral deposits including copper, zinc, phosphates, and gold.

Vedanta reported $16.05 billion in revenues in the fiscal year that ended in March.

However, De Beers sees the risk of the market slowing down in the coming months due to a deterioration in global economic conditions.