Costs of the first phase of construction at American Lithium’s Falchani lithium mine in Peru likely have risen some 20% from an original estimate to $700-million, the CEO of the firm said in an interview. “If you think about the post-Covid world and...
Federal Minister for Resources Madeleine King has released Australia’s new Critical Minerals Strategy in an effort to grow the country’s critical minerals wealth. One of the first policy decisions under the Strategy will see the Government target $500 million of new...
Leo Lithium’s Goulamina lithium project has seen a high increase in its resource to 211 megatons (Mt) at a grade of 1.37 per cent lithium oxide (Li2O). The Goulamina lithium project comprises a land holding of 100 square kilometres in the Bougouni region of...
Major miner Rio Tinto is looking to invest more in its Kennecott operation near Salt Lake City, Utah, in a bid to strengthen its copper supply in the US. To do so, Rio will increase production from underground mining at the site while also improving the health of key...
Australian energy major Woodside has approved the $7.2-billion Trion development in Mexico, subject to joint venture approval. Woodside’s share of capital expenditure would amount to $4.8-billion, with the company holding a 60% interest in Trion and acting as...
For a company with “gold” in its name, Barrick Gold Corp. has become noticeably fixated on copper. The world’s second-largest bullion producer recently approached First Quantum Minerals to discuss a potential takeover, reported last week. And while the move was...
