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Lycopodium wins $65.5m contract for Blackwater EP2 project

2026-08-09

Lycopodium has secured a significant A$93 million ($65.5 million USD) Engineering, Procurement, and Construction Management (EPCM) contract for Artemis Gold’s Blackwater Mine Expanded phase two (EP2) project in central British Columbia, Canada. This contract marks a crucial step in Blackwater’s multiphase expansion program, aiming to increase the mine’s total throughput capacity to 21 million tonnes per annum, solidifying its position as a major gold and silver producer in a premier mining jurisdiction.

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DOE’s Office of Energy Dominance Financing Closes Loan to Strengthen Puerto Rico’s Grid, Delivering Hundreds of Millions in Electricity Cost Savings

2026-08-09

The U.S. Department of Energy’s Office of Energy Dominance Financing (EDF) has closed a $489.4 million loan to Amanecer Puerto Rico LLC, a subsidiary of Pattern Energy, aimed at significantly bolstering Puerto Rico's electric grid. This strategic investment, announced on August 5, 2026, is projected to save Puerto Rican consumers and businesses approximately $312.5 million in electricity costs over the next 25 years while enhancing grid reliability through 220 megawatts of American-manufactured battery storage systems and a future pathway for natural gas generation. The initiative underscores a broader commitment to strengthening domestic supply chains, supporting American manufacturing, and ensuring energy security, with notable implications for the critical minerals sector.

Lessons from the Iran war: China’s oil buffer and energy resilience, tested

2026-08-09

The 2026 Iran war and the subsequent closure of the Strait of Hormuz tested China's energy resilience, yet the world's largest crude oil importer appeared relatively immune to the initial shock. This article delves into China's decade-long strategic preparations, including substantial commodity stockpiles, vast petrochemical capacity, and a massive electrification drive, which have insulated it from extreme price volatility. We explore expert analyses on the effectiveness of these buffers, China's potential to influence global oil markets, and the complex implications for the global mining industry.

Norsemont expands land position at Choquelimpie

2026-08-09

Norsemont Mining has significantly expanded its land package at the wholly-owned Choquelimpie gold-silver project in northern Chile, adding 3,291 hectares to bring the total to 9,048 hectares. This strategic expansion, driven by new geological interpretations identifying extensions to known mineralized trends, enhances the potential of the past-producing high-sulfidation epithermal system, which already hosts substantial indicated and inferred gold-equivalent resources and existing infrastructure. The move underscores Norsemont's systematic approach to advancing Choquelimpie and its commitment to unlocking further value in a key Chilean mining region.

Energy Department Launches $100 Million Initiative to Build America’s Critical Minerals Workforce, Strengthen Domestic Supply Chains

2026-08-08

The U.S. Department of Energy (DOE) has launched the $100 million Providing Opportunities for Specialized Education in Critical Technologies (PROSPECT) initiative, aimed at bolstering America's critical minerals workforce and securing domestic supply chains. Announced on August 7, 2026, by the DOE’s Office of Critical Minerals and Energy Innovation, this program seeks to double the number of graduates in mining and related fields within two years and address a projected need for 6,000 new mining engineers over the next decade. PROSPECT represents a significant federal investment in education and training to reduce reliance on foreign adversaries for essential materials.

Phase one drilling begins at Decade’s Bonaparte copper-gold project

2026-08-08

Decade Resources has initiated its pivotal phase one drilling program at the Bonaparte copper-gold project in British Columbia, Canada, targeting a blend of porphyry, intrusion-related gold, and epithermal vein systems. This initial 3,000-meter drill program across six holes aims to test significant geophysical and geochemical anomalies, building on historical high-grade gold intercepts. The project, strategically located near Kamloops, represents a key exploration focus for Decade Resources, with potential implications for North America's critical minerals supply chain.

Case study: How mining’s toughest environments demand a tailor-made protection strategy

2026-08-08

The global mining sector is confronting unprecedented challenges that demand specialized lubrication strategies, moving beyond traditional OEM specifications. A recent case study highlights Petro-Canada Lubricants' PRODURO™ TO-4+ UHP, which demonstrated significant improvements in equipment life and film thickness during a two-year field trial with a major Canadian mining fleet, addressing the rigorous demands of extreme temperatures, punishing loads, and continuous autonomous operations. This innovation offers a pathway to enhanced reliability, reduced maintenance, and improved cost efficiency for modern mining fleets globally.

United States to Host International Atomic Energy Agency Launch for New Maritime Nuclear Initiative

2026-08-07

The United States is set to host the ministerial launch of the International Atomic Energy Agency’s (IAEA) new ATLAS initiative in Washington, D.C., on August 26–27, 2026. This landmark event will establish an international framework for the safe and secure deployment of nuclear technologies in the maritime sector, addressing legal and regulatory complexities for advanced applications like floating nuclear power plants and civil nuclear-powered ships. The initiative holds significant implications for the mining industry, particularly regarding future demand for uranium and other critical minerals essential for advanced nuclear reactor development.

Glencore reports 49% revenue rise in H1 2026

2026-08-07

Glencore reported a robust financial performance for the first half of 2026, with revenue climbing 49% to $174.43 billion and adjusted EBITDA surging 86% to $10.1 billion, driven by elevated commodity prices and strong marketing contributions. The global diversified miner also announced plans for a secondary listing on the Australian Securities Exchange (ASX) in October 2026, aiming to broaden its investor base, alongside strategic investments in its copper portfolio and a positive outlook for the remainder of the year.

Aya Gold & Silver expands exploration in Morocco

2026-08-07

Aya Gold & Silver has significantly expanded its exploration footprint in Morocco, acquiring a new portfolio comprising three projects across 259km² for Dh10 million ($1.06 million). This strategic move, announced on August 6, 2026, increases Aya's land package in the country by 35.4% to over 991km², positioning the company for diversified growth beyond its primary silver operations into critical and base metals. The acquisition includes the Zagora, Agadir-Melloul, and Goulmim projects, each demonstrating potential for a range of commodities from cobalt and rare earth elements to copper, lead, and gold, underscoring Aya's ambition to build a robust pipeline of future discoveries.

Energy Secretary Keeps Guam Power On

2026-08-06

U.S. Secretary of Energy Chris Wright has issued an emergency order to the Guam Power Authority (GPA), authorizing the operation of specific generation units to prevent blackouts and ensure grid stability on the island through early November 2026. This critical intervention, prompted by the unexpected offline status of the Ukudu steam turbine for emergency repairs, underscores the inherent vulnerabilities of isolated island grids and highlights the broader implications of energy reliability for industrial sectors, including the global mining industry, which relies heavily on consistent and affordable power for operations.