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Fortescue commits $680m to Pilbara green energy expansion

2026-04-25

Fortescue, a leading Australian mining company, has declared a substantial A$952.44 million (US$680 million) investment in its Pilbara Green Energy Project. This initiative aims to establish a 200MW integrated off-grid renewable energy system in Western Australia, specifically designed to meet burgeoning industrial demand, including from data centers, and further advance the company's ambitious decarbonization goals beyond its Real Zero by 2030 targets. The project, slated for completion by 2028, signifies a critical step towards energy independence and a blueprint for sustainable heavy industry operations.

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Recent Articles

Project ramp-ups and expansions to lift global lead output in 2026

2026-04-25

Global lead production is projected to see a notable increase of 2.2% in 2026, reaching 4.68 million tonnes, driven by key ramp-ups and new project commencements in China, Mexico, and Peru. This short-term expansion follows a marginal 0.7% growth in 2025, which saw contributions from major producers like China and Russia, offset by declines in Australia and the US. Despite the near-term optimism, the long-term outlook to 2035 suggests overall marginal growth at a 0.5% compound annual growth rate, as new developments contend with anticipated mine closures and diminishing ore grades worldwide.

Leviathan completes Central Project EM survey with 300m line spacing

2026-04-25

Leviathan Metals has successfully completed a high-resolution helicopter-borne electromagnetic (EM) survey at its fully owned Central Project within Botswana’s prolific Kalahari Copper Belt. This crucial initial exploration phase covered over 20 kilometers of the geologically significant D’Kar-Ngwako Pan Formation contact, identifying conductive markers indicative of potential sediment-hosted stratiform copper mineralization. The project's strategic location, immediately south of MMG’s substantial Khoemacau deposits, positions Leviathan for an aggressive 2026 drilling campaign as it seeks to delineate new copper resources in a globally significant mining region.

SMM begins monazite processing plant construction

2026-04-24

Steenkampskraal Monazite Mine (SMM) has commenced construction of its new monazite processing plant in the Western Cape, South Africa, a significant development positioning the nation as a prospective producer of high-grade rare earth feedstock. This project, fully permitted and owned by Steenkampskraal Holdings and Bora Mining Investments, aims to produce 13,400 tonnes per annum of monazite concentrate containing over 50% total rare earth oxides, contributing vital critical minerals to global supply chains for renewable energy and defence sectors.

Pantoro partners with Mega Resources on Rama pit in WA

2026-04-24

Pantoro Gold has forged a strategic partnership with Mega Resources and Bain Global Resources for the Rama Open Pit project in Western Australia's Forrestania region. Pantoro plans to advance up to A$20 million to Mega for Stage Two mining, securing high-grade gold ore (approximately 115,000 tonnes at 4.7 g/t gold) for its Norseman processing facility. This collaboration promises to unlock a previously stranded asset, generate robust margins for Pantoro, and provides an exclusive option for Pantoro to develop a potential underground operation, signaling a significant move to enhance its gold production profile.

Lithium market to enter deficit until 2035, says Canaccord

2026-04-23

Canaccord Genuity projects a global lithium market deficit lasting almost a decade, from 2026 to 2035, driven primarily by a critical lack of investment in new mine supply despite robust demand from the electric vehicle sector. This shortfall, exacerbated by recent supply disruptions in key producing nations like China and Zimbabwe, underscores the urgent need for significant capital allocation to avoid prolonged market tightness and potential impacts on the energy transition.

Silver Crown, EMS target US silver growth push

2026-04-23

Silver Crown Royalties Inc. has forged a strategic partnership with Emergency Material Services (EMS) to significantly expand its US silver royalty platform. This collaboration, announced on April 22, 2026, aims to infuse non-dilutive capital into domestic silver production, recycling, smelting, and refining operations, leveraging a structured financing model that mitigates operational risks while capitalizing on the surging demand for silver in electrification and advanced manufacturing. The initiative positions Silver Crown to scale its exposure to the growing US silver market through royalties and streaming agreements, offering investors a de-risked pathway to participate in the commodity's anticipated growth.

Magnetite Mines initiates drilling at Ironback Hill

2026-04-22

Magnetite Mines announced on April 21, 2026, the initiation of up to 2,000m of air core drilling at its Ironback Hill rare earth element (REE) project in north-east South Australia. This program, following delays from significant rain and flooding, aims to define the extent and characteristics of the near-surface, clay-hosted REE mineralisation discovered in 2025. The exploration is a pivotal step for the company in advancing what could become a strategically important source of critical minerals within Australia.

Spanish Mountain Gold to divest 1.5% royalty to Wheaton

2026-04-22

Spanish Mountain Gold has entered a definitive royalty agreement with Wheaton Precious Metals, divesting a 1.5% net smelter returns (NSR) royalty on its British Columbia gold and silver production for $55 million. This crucial financing injection will accelerate the feasibility study for the Spanish Mountain Gold project, providing the necessary capital to target a build decision in 2028. The deal underscores the strategic importance of non-dilutive financing mechanisms for advancing significant precious metal assets in Tier 1 mining jurisdictions.

Chile targets faster permits to unlock $100B pipeline

2026-04-21

Chile is aggressively moving to streamline its mining permit approval process, aiming to unlock over $100 billion in investment and revitalize its pivotal copper sector. This initiative, spearheaded by Economy and Mining Minister Daniel Mas, seeks to reduce processing times by 30% for approximately 200 procedures without compromising environmental standards, fostering legal certainty and attracting significant capital to key projects across copper and lithium.

Banyan Gold hits new high on $34M capital raise

2026-04-21

Banyan Gold, a Vancouver-based gold explorer, recently secured C$46.5 million ($34 million) through a strategic capital raise, propelling its stock to an all-time high. The significant financing is earmarked for advanced exploration at its flagship AurMac property in Canada's Yukon Territory, where the company has defined substantial indicated and inferred gold resources totaling over 7.7 million ounces. This development signifies strong investor confidence in Banyan Gold's project potential and Canada's role as a premier jurisdiction for gold exploration.