Osisko Development recently closed a $203-million private placement to fund its Cariboo gold project in Canada. The offering comprised 99.1-million units priced at $2.05 each. Of these, 58.6-million units were sold through a brokered deal raising about $120-million,...
Commodities major Glencore has applied to bring two of its flagship Argentine copper projects under President Javier Milei’s new Incentive Regime for Large Investments (RIGI), seeking to unlock $13.5-billion in development spending over the next decade. The Baar,...
In South Africa’s coal heartland, grey smog hangs over parts of the Mpumalanga province like a thick blanket, while miners descend underground to chip away at the black rock. One of them is Mooi Masuku, an artisanal coal miner of 17 years, who says a new...
Port Hedland is set to host a $4 billion hot briquetted iron (HBI) plant after Western Australia’s Environmental Protection Authority approved the Port Hedland iron (PHI) project. The facility, backed by South Korean steel-maker POSCO, will process Pilbara iron ore...
BHP has again proved the strength of its Pilbara operations, posting a third-straight year of record production at Western Australia Iron Ore (WAIO) and extending its push as one of world’s lowest-cost major iron ore producers. WAIO set multiple records, producing 257...
