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Viridis obtains $120m equity backing for Colossus rare earth project

2026-08-21

Viridis Mining and Minerals has secured commitments for nearly $120 million (A$170 million) in strategic equity funding for its Colossus rare earth project in Minas Gerais, Brazil. This capital injection, from OneIM, ORE Investments, Régia Capital, and a consortium of institutional investors, surpasses the project's equity funding needs and will enable Viridis to advance major development activities. The funding positions the Colossus project to reach a final investment decision and commence construction in the fourth quarter of 2026, bolstering Brazil's role in the global critical minerals supply chain.

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Energy Department Announces $500 Million to Secure America's Critical Mineral and Battery Supply Chains

2026-08-21

The U.S. Department of Energy's Office of Critical Minerals and Energy Innovation has allocated $500 million across seven projects to bolster American critical mineral processing, battery manufacturing, and recycling capabilities. This initiative, part of President Trump's <em>Unleashing American Energy</em> agenda, aims to diminish reliance on foreign supply chains, strengthen national security, and solidify the nation's energy independence by expanding domestic capacity. The funding represents a significant step in re-shoring vital segments of the critical materials value chain.

Fortescue settles Queensland dispute over Gladstone electrolyser facility

2026-08-21

Fortescue and the Queensland Government have reached a confidential settlement resolving a high-profile dispute over A$66 million in state funding for Fortescue's now-cancelled Gladstone electrolyser manufacturing facility. This agreement, announced on August 20, 2026, concludes legal action and sees the state retain significant assets, including project land and infrastructure, following Fortescue's strategic pivot away from its original electrolyser production plans. The resolution provides clarity for both parties while highlighting the complexities inherent in public-private partnerships supporting nascent green technologies.

BHP, SiTration to trial copper recovery technology at Arizona mine site

2026-08-21

BHP and SiTration, an MIT spin-out, are launching two pilot programs in Arizona's historic Copper Cities site to trial a novel copper recovery technology from legacy mining water. This initiative aims to produce commercial-grade copper cathodes, bolstering domestic supply chains and demonstrating a sustainable method to extract value from historical mining sites. The initial small-scale trial, lasting one month, will be followed by a larger deployment later this year, producing up to two tonnes of copper over two months.

Energy Secretary Acts to Protect Mid-Atlantic Grid

2026-08-20

U.S. Secretary of Energy Chris Wright issued an emergency order on August 19, 2026, enabling Talen Energy Corporation's Wagner Generating Station Unit 4 to continue operating in Anne Arundel County, Maryland. This measure, requested by PJM Interconnection, L.L.C., aims to bolster grid reliability and prevent electricity shortfalls for 65 million Americans across the Mid-Atlantic region until November 17, 2026. The intervention underscores the critical importance of stable energy infrastructure for all industrial sectors, including mining, which relies heavily on uninterrupted power for its operations and contribution to the evolving energy landscape.

Expert insights: Mining more with less

2026-08-20

The global mining industry, projected to grow to US$2.8 trillion by 2030, faces the complex challenge of meeting surging critical mineral demand while simultaneously decarbonizing its operations. An upcoming webinar, "Mining More with Less: Navigating the Demand vs Emissions Challenge," hosted by GlobalData and featuring Mobil (ExxonMobil) insights, will explore practical strategies for emissions reduction, including renewable energy adoption and advanced lubrication, as 90% of operators target a minimum 30% reduction in Scope 1 and 2 emissions by 2030.

Fortescue’s Green Metal Project produces first hot metal

2026-08-20

Fortescue has achieved a significant milestone by producing the inaugural hot metal at its Green Metal Project in Christmas Creek, Western Australia, utilising an electric smelting furnace. This pilot operation marks a critical step in the company's strategy to develop lower-emission iron-making technologies and produce commercial-scale green metal from Pilbara ore, moving away from traditional coal-based methods. The development underscores Australia's potential to leverage its abundant renewable energy resources and vast iron ore reserves to become a leader in global decarbonisation efforts within the heavy industry sector.

AuKing Mining signs agreement to acquire Green Exploration

2026-08-19

AuKing Mining has announced a binding agreement to acquire Green Exploration, a Malawian subsidiary of Tusker Minerals, for approximately A$4.85 million. This strategic transaction grants AuKing control over several key Malawian exploration assets, most notably the Machinga Rare Earth Elements Project, while allowing Tusker Minerals to sharpen its focus on its Mzimba rutile project. The deal represents a significant step in portfolio optimization for both Australian-listed companies and underscores Malawi's emerging role in critical mineral supply chains.

First stope blast completed at Bunker Hill Mine in Idaho, US

2026-08-19

Bunker Hill Mining has completed the first production stope blast at its fully owned mine in Idaho, US, marking a pivotal step towards commercial production by the end of 2026. This milestone follows extensive rehabilitation and infrastructure upgrades, demonstrating significant progress in re-establishing operations at the historic site. The company is employing advanced transverse longhole stoping and a paste backfill system, emphasizing both operational efficiency and environmental stewardship.

FACT SHEET: The Energy Department is Celebrating President Trump’s Great American Energy Comeback in Midland, Texas

2026-08-18

The United States has achieved unprecedented levels of energy production, leading the world in both oil and natural gas output, with significant contributions from the Permian Basin. This surge, highlighted by Secretary Wright’s visit to Midland, Texas, on August 17, 2026, underscores the nation’s energy dominance, driving economic growth, job creation, and competitive energy prices across the country. The strategic reversal of the LNG export ban has further solidified the U.S. position as a global energy supplier, with exports projected to nearly double by the end of the decade.

OceanaGold to acquire Ausgold for $549m

2026-08-18

OceanaGold is set to acquire Ausgold Limited for an equity value of approximately A$776 million ($549 million), a strategic move that will integrate Ausgold's advanced Katanning Gold Project in Western Australia into OceanaGold's portfolio. The acquisition, structured as a scheme of arrangement, is expected to conclude by December 2026, adding a high-quality, open-pit development asset projected to produce over 100,000 ounces of gold annually starting in 2029. This deal underscores a growing trend of consolidation among mid-tier gold producers seeking to expand their resource base in tier-one mining jurisdictions.