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Sandvik to deliver 25 underground units to Northern Star in Australia

2026-10-24

Sandvik has secured a significant order from Northern Star Resources for 25 state-of-the-art underground mining units, slated for deployment across its Western Australian gold operations. This multi-million-dollar contract, booked in Q3 2026 with deliveries commencing in June 2027, underscores a strategic investment in advanced automation-ready equipment aimed at enhancing safety, productivity, and operational efficiency in one of the world's premier gold-producing regions. The deal highlights the mining industry's growing commitment to technological upgrades and robust equipment partnerships to meet future production demands.

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Recent Articles

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

2026-10-24

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.

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

2026-10-24

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.

Thiess secures two five-year mining contracts in Mongolia

2026-10-24

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.

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

2026-10-23

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.

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

2026-10-23

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.

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

2026-10-23

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.

Energy Department Authorizes Exchange from Northeast Home Heating Oil Reserve

2026-10-22

The U.S. Department of Energy has authorized an exchange of up to 315,000 barrels of ultra-low sulfur distillate from the Northeast Home Heating Oil Reserve to address immediate supply chain disruptions and mitigate rising heating oil costs in the Northeast. This temporary measure, set for completion by November 13, 2026, highlights critical vulnerabilities in national energy supply chains and underscores the broader challenges facing energy-intensive industries, including mining, regarding fuel availability and pricing stability.

Krait secures exclusive option to acquire Nevada mining claims

2026-10-22

Krait Critical Minerals has secured an exclusive option to acquire 17 federal mining claims in Humboldt County, Nevada, from Sierra Antimony, targeting a historical high-grade antimony production site. This strategic move, involving staged cash and share payments over two years, positions Krait to expand its critical minerals footprint in the U.S., leveraging antimony's increasing importance in defense, advanced manufacturing, and industrial supply chains. The agreement sets the stage for Krait to conduct technical and geological assessments, aiming to identify future exploration targets on a property known for significant historical antimony output.

SAGA concludes first drill programme at Labrador Wolverine project

2026-10-22

SAGA Metals has successfully concluded its inaugural 3,241-meter diamond drilling campaign at the fully owned Wolverine Heavy Rare Earth Element Project in Labrador, Canada, a significant step in systematically assessing the site's critical mineral potential. The 22-hole program confirmed the presence of target alteration assemblages indicative of rare earth element mineralization across all drilled holes, with two holes, W26-001 and W26-002, revealing extensive altered volcanic rock and a targeted Unit 4 sequence. Alongside drilling, prospecting activities identified new REE-hosting volcanic units, pegmatites, and aplite dykes, significantly expanding the prospective footprint for future exploration, with assay results pending and an induced polarisation survey planned for Q2 2027 to guide further development.

Energy Department Announces New Investments to Strengthen America's Power Grid and Lower Electricity Costs

2026-10-21