Kinross Gold to sell Russian assets to Highland for $680 million
The transaction, subject to Moscow's approval, is the first sale of a Western company’s assets in Russia since the start of the war in Ukraine.
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Avalon partners with India’s Essar Group to build Ontario lithium refinery
The lithium refinery will be designed to accept concentrates from several pegmatite projects in Ontario's North.
US coal prices top $100/t for first time since 2008
Prices for coal from Central Appalachia surged 9% to $106.15 a ton last week, the highest since late 2008.
US coal power to fall 45% by decade’s end in shift from dirtiest fossil fuel
Electricity producers have announced plans to shutter 99.2 gigawatts of coal plants through 2030, IEEFA said in a report.
Metals world agonizes over war but keeps buying from Russia
The question of what happens to Russia’s metal exports is of vast consequence to global markets -- it’s a key supplier of palladium, nickel, aluminum, steel and copper.
Miners say Biden’s Defense Production Act use is “urgently” needed
The directive will specifically be authorized to support the production and processing of minerals used for large capacity batteries such as lithium, nickel, cobalt, graphite, and manganese.
Hemlo Explorers stock jumps 53% as Barrick weighs Ontario project earn-in
Barrick Gold is considering taking an option to earn up to 80% of Hemlo Explorers' Pic project in Ontario.
Governments ignore mining in electrification push
The US and Canadian governments have been good about providing incentives for EV buyers and manufacturers, but when it comes to mining, little support has been offered.
Gold price advances on rising Russia-Ukraine tensions
Inflation looks set to remain elevated, which could continue to support the gold price, analysts told Reuters.
