Mining & Resources
Latest news, analysis, and insights from ASX mining & resources companies
Anglo American sells nickel assets to MMG as part of strategic refocus
Anglo American has sold its nickel arm for US$500m to a Singapore-based subsidiary of MMG as part of a plan to tighten its business. The company’s nickel business comprises two ferronickel operations in Brazil – Barro Alto and Codemin – and two large greenfield growth projects, Jacaré and Morro Sem Boné. The Barro Alto mine, […]
February 20, 2025
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Cornish Metals secures £28.6 million government investment to restart historic South Crofty tin mine
The UK’s National Wealth Fund (NWF) has announced a £28.6 million direct equity investment into Cornish Metals (TSX-V: CUSN) to help finance and de-risk the re-opening of the South Crofty tin mine in Cornwall. The fully-permitted underground development hosts one of the world’s highest-grade tin resources and racked up more than 400 years of recorded […]
Cameco and Kazatomprom suspend Inkai operations amid regulatory delays, boosting uranium prices
The global uranium price improved after the giant Inkai joint venture operations in Kazakhstan were suspended due to a delay in receiving key government approvals. Canada’s Cameco (40%) confirmed the shutdown of production activity at the JV operation after being informed by partner Kazatomprom (60%) that the in-situ recovery JV failed to receive an extension […]
Base Resources receives $375m takeover bid from Energy Fuels to create global critical minerals group
US-based critical minerals producer Energy Fuels has made a takeover bid for Australian company Base Resources (ASX: BSE) to create a billion-dollar global business with a focus on rare earth elements, uranium and mineral sands production. Under the terms of the proposal, Base shareholders will receive 0.026 Energy Fuels shares for each Base share held […]
Mining survey reveals top 20 global jurisdictions for companies to operate in
Three countries dominate the latest Fraser Institute global mining survey with Nevada, Western Australia and Saskatchewan taking out the top most favoured places to be exploring or mining. The Toronto-based think tank’s annual ratings are closely watched for who’s up, who’s down — and who’s out the back door (this year that includes New Zealand […]
Atalaya Mining unveils new massive sulphide discovery in southern Spain
Single commodity focused Atalaya Mining (TSX: AYM) is reporting some high-grade copper intercepts from its Proyecto Masa Valverde (PMV) project in southern Spain, including a potential new massive sulphide discovery at the Mojarra Trend. The company says the newly discovered Mojarra Trend is “very promising”. A second hole at the previously undrilled area at the […]
Condor Gold updates La India project resource to 2.2Moz
Surrey-based Condor Gold (AIM: CNR) has updated the mineral resource for its 100%-owned La India project in Nicaragua, which now has more than 2.2 million ounces spread over six deposits. Global resources for the project now stand at 9.7 million tonnes at 3.5 grams per tonne gold for a contained 1.088Moz (indicated), along with and […]
Shanta Gold reports visible gold at West Kenya project, drilling continues
Guernsey-registered Shanta Gold (AIM: SHG) says drilling is generating “consistently” high-grade results, with assays up to 132 grams per tonne gold, at its Isulu and Bushiangala deposits, within its West Kenya project. Isulu and Bushiangala are the main deposits within the West Kenya project (although Shanta has now added Ramula as a new priority target). […]
Alien Metals to acquire Vivash Gorge iron ore project from Zenith Minerals
Alien Metals (LSE: UFO) has entered a binding heads of agreement the Australian explorer Zenith Minerals (ASX: ZNC) to acquire 100% of the Vivash Gorge iron ore project in Western Australia. The project covers approximately 47 square kilometres in the Pilbara region and is strategically located 60km south of Alien’s Brockman iron project. Under the […]