Uranium developer Global Atomic has contracted nearly 1.5-million pounds a year of uranium oxide (U3O8) over the Dasa mine’s initial five years of operation, the Toronto-listed company reported on Monday, announcing a letter of intent (LoI) for its third agreement to...
Coking coal miner Arch Resources has moderated its volume and cost expectations, owing to ongoing challenges mining the first longwall district at its Leer South mine, in West Virginia. The miner lowered its 2023 guidance to between 8.6-million and 8.9-million tons...
The United States is optimistic it will conclude an agreement with the European Union to allow critical minerals mined or processed in Europe to qualify for US clean vehicle tax breaks, a senior U.S. official said on Monday. The transatlantic partners are negotiating...
The US Energy Department is in talks to lend a record $1-billion to the developer of one of the country’s largest lithium deposits in a push to build out a domestic supply of critical minerals. The Biden administration and Lithium Americas Corp are negotiating the...
Thermal coal remains one of the most profitable commodities to trade in Asia despite the lack of optimal bank funding and backlash from several quarters of the world to end its usage due to high emissions of CO2 and other air pollutants, multiple traders and miners...
Major miner Glencore has announced that it will only provide funding for the operations of its joint-owned Koniambo Nickel SAS (KNS) business until 29 February 2024. Glencore owns 49 per cent of KNS, with the remaining 51 per cent owned by SMSP. The mine is located in...
