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Kazakhstan and Guyana Join International Coalition Calling for Delay of EU Methane Regulation

Kazakhstan and Guyana Join International Coalition Calling for Delay of EU Methane Regulation

Kazakhstan and Guyana have formally joined an international coalition, including Algeria, Nigeria, Qatar, and the United States, urging the European Union to delay and amend its Methane Regulation (EUMR). This growing alliance, representing a significant portion of Europe’s crude oil and natural gas imports, seeks to establish a pragmatic compliance framework that ensures regulatory certainty for energy suppliers while safeguarding Europe's energy security and competitiveness. The move highlights critical concerns regarding the EUMR's current framework and its potential impact on global energy trade.

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Halo Minerals receives mining permit for Playa Verde project in Chile

Halo Minerals receives mining permit for Playa Verde project in Chile

Halo Minerals, through its subsidiary Minera Playa Verde, has secured a crucial mining permit from Chilean authorities for its Playa Verde copper and gold tailings project. Granted via Exempt Resolution No. 473 by the Provincial Presidential Delegation of Chañaral, this authorization, issued under Article 17 No. 1 of the Chilean Mining Code, enables the extraction and processing of historic tailings at Chañaral beach, including within the urban area, marking a significant step towards the project's final investment decision.

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Slam Exploration drills two holes at Moose Lake project

Slam Exploration drills two holes at Moose Lake project

Slam Exploration has successfully completed an initial two-hole diamond drill program totaling 224.5 meters at its Moose Lake Gold-Antimony-Silver Project in New Brunswick, Canada. This campaign, targeting the prospective 4.7-kilometer Moose Lake Fault Zone, follows promising trenching results that indicated high-grade antimony, gold, and silver mineralization, signaling significant potential for critical mineral discovery in the historically underexplored area. The company is currently awaiting assay results as it plans further investigations into metal zoning and extensions of the mineralized system.

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Energy Department Authorizes Strategic Petroleum Reserve Exchange to Support Fuel Supply Stability

Energy Department Authorizes Strategic Petroleum Reserve Exchange to Support Fuel Supply Stability

The U.S. Department of Energy (DOE) authorized an emergency exchange of up to 400,000 barrels of crude oil from the Strategic Petroleum Reserve (SPR) to the Phillips 66 Lake Charles Refinery in Louisiana on October 23, 2026. This measure aims to stabilize regional transportation fuel supplies following a disruption, with the borrowed crude oil to be returned to the SPR with a premium at no cost to taxpayers. For the mining industry, this intervention underscores the critical importance of secure and stable energy supplies for operational continuity and cost management.

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Energy Department Designates Helium as Critical Material to Strengthen American Manufacturing and Supply Chain Security

Energy Department Designates Helium as Critical Material to Strengthen American Manufacturing and Supply Chain Security

<p></p> <p>In a move to fortify domestic manufacturing and secure critical supply chains, the U.S. Department of Energy (DOE) officially designated helium as a critical material on October 23, 2026. This decision, announced by Secretary of Energy Chris Wright, underscores helium's indispensable role in semiconductor production and advanced energy technologies, with global demand currently outpacing supply. The designation aims to leverage America's abundant helium resources, address refining capacity limitations, and streamline permitting to reduce reliance on foreign sources and bolster U.S. economic and national security.</p> <p>

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Questcorp to acquire final 49% in North Island Project, Canada

Questcorp to acquire final 49% in North Island Project, Canada

Questcorp Mining is set to acquire the remaining 49% interest in its North Island Copper Project in British Columbia, Canada, moving to 100% ownership. This strategic consolidation, involving a cash payment of C$110,000 and the issuance of 250,000 common shares, positions Questcorp for full operational control and streamlined development of the 1,168-hectare property, alongside its active exploration at the La Union Project in Mexico.

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Thiess secures two five-year mining contracts in Mongolia

Thiess secures two five-year mining contracts in Mongolia

Thiess, a global leader in contract mining, has secured two significant five-year contracts in Mongolia, encompassing underground services at Rio Tinto's Oyu Tolgoi copper-gold mine and Coal Handling and Preparation Plant asset management for Energy Resources' Ukhaa Khudag coal mine. These agreements solidify Thiess's long-standing presence in the crucial Mongolian mining sector, particularly highlighting its expanded role in Oyu Tolgoi's complex underground operations which will become its largest worldwide, and underscore its expertise across diverse commodities and operational challenges.

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Energy Department to Use Defense Production Act Funding to Restart American Refinery and Expand Refining Capacity

Energy Department to Use Defense Production Act Funding to Restart American Refinery and Expand Refining Capacity

The Trump administration, on October 22, 2026, announced a significant initiative to bolster domestic petroleum refining capacity by allocating up to $150 million in Defense Production Act Title III funding. This move, championed by President Donald J. Trump and U.S. Secretary of Energy Chris Wright, aims to expand the production, storage, and logistics of gasoline, diesel, and jet fuel across the United States, promising increased energy security and potentially lower fuel prices for American consumers and businesses. The investment underscores a strategic shift towards "energy addition policies" and is deemed critical for national defense, presenting broad implications for energy-intensive sectors like mining.

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Cornish Metals raises $181m to fund South Crofty tin project in UK

Cornish Metals raises $181m to fund South Crofty tin project in UK

Cornish Metals has successfully closed a significant fundraising round, securing £135 million ($181 million) to fully finance its South Crofty tin project in Cornwall, UK. This substantial capital injection, derived from a diverse mix of institutional, strategic, and retail investors including the UK National Wealth Fund, VBR, and Glencore, positions the company to proceed with the final investment decision and target first tin production by mid-2028. The development marks a critical step in revitalizing a historic UK mining region and enhancing global supply of this increasingly vital critical mineral.

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Metals One agrees terms to acquire full stake in Lions Bay Resources

Metals One agrees terms to acquire full stake in Lions Bay Resources

Metals One has announced a binding term sheet to fully acquire Lions Bay Resources (LBR), consolidating its ownership of LBR's South African gold and power assets. This strategic move, dated October 23, 2026, aims to establish Metals One at the forefront of a significant gold mining opportunity, primarily centered around the Barbrook Gold Mine, which boasts an historical gold resource of 2.1 million ounces and a targeted production restart within six months. The transaction, involving a combination of debt conversion and a share-for-share acquisition, is designed to streamline operations, facilitate capital market access, and leverage a robust operating team for South African growth.

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