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Codelco partially halts El Teniente mine after landslide

2026-10-12

Codelco, the state-owned copper giant, has partially suspended operations at its historic El Teniente mine in Chile following a tragic landslide on October 12, 2026, which claimed the lives of two contractor employees from Aura Ingeniería. The incident, attributed to heavy rainfall, occurred in the mine’s south pit sector, prompting a multi-agency investigation and renewed focus on geotechnical stability and safety protocols in challenging operating environments. This event also follows a recent suspension of development at El Teniente's Andes Norte project due to seismic risk concerns, highlighting the complex geological challenges inherent to one of the world's largest underground copper mines.

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Recent Articles

Energy Department Announces New Genesis Mission Awards to Advance Super Intelligence for Science

2026-10-12

The U.S. Department of Energy (DOE) has announced 12 new Phase II Genesis Mission project awards, totaling $159 million, aimed at advancing Super Intelligence (SI) for scientific discovery. Launched in November 2025, the Genesis Mission seeks to accelerate U.S. leadership in science, medicine, and technology by integrating SI with advanced computing and research infrastructure. These projects include initiatives with significant implications for the mining sector, such as enhancing domestic critical rare-earth element extraction and optimizing subsurface resource management.

Discovery to acquire McEwen’s Timmins mineral assets for $55m

2026-10-12

Discovery Mining is set to acquire significant mineral properties in the prolific Timmins region from McEwen subsidiaries for $55 million, comprising $50 million in common shares and $5 million in cash. This strategic acquisition, adjacent to Discovery's prominent Dome Mine, is poised to bolster the company's ambitious plans for increased gold production by providing essential land for future processing and tailings infrastructure. The deal, anticipated to close in October 2026, also includes an amendment to an existing royalty agreement with Franco-Nevada, further solidifying Discovery's operational and financial strategy in one of Canada's premier gold camps.

The race for AI is becoming a race for critical minerals

2026-10-12

The escalating global pursuit of Artificial Intelligence (AI) dominance has ignited a critical new front: the intense competition for essential raw materials, particularly rare earth elements and specialized processing capacity. Ryan Cunningham, CEO of American Mineral Resources, highlights this shift, emphasizing that robust AI infrastructure hinges on secure access to these minerals, making supply chain diversification and international collaborations paramount to reduce reliance on single-source suppliers like China. This evolving landscape presents significant strategic and operational implications for the mining sector worldwide.

Energy Department Authorizes Strategic Petroleum Reserve Exchange to Address Supply Disruptions Due to Hurricane

2026-10-11

The U.S. Department of Energy (DOE) has authorized an emergency exchange of up to 4 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) to mitigate supply disruptions caused by inclement weather in the Gulf of America. This proactive measure, involving ExxonMobil and BP America, aims to stabilize refinery operations and fuel supplies, with participating companies committed to returning additional premium barrels to the SPR in 2027, ensuring no cost to taxpayers and strengthening national energy security. This move underscores the critical role of strategic reserves in maintaining stable energy markets, which is vital for the operational stability and cost predictability required by the heavy fuel-dependent mining industry.

Traxys and Abenójar sign El Moto tungsten offtake deal

2026-10-11

Traxys Europe and Abenójar Tungsten S.A. have formalized an exclusive, long-term offtake agreement for tungsten concentrate from Spain's El Moto project. This significant deal, announced on October 8, 2026, secures a vital supply of critical raw materials for global industries for at least ten years post-production commencement, directly addressing increasing concerns over global tungsten supply chain resilience, particularly given China's dominant market share and intensifying export controls. The El Moto project, designated as "strategic" under the EU Critical Raw Materials Act, is set to begin production in Q1 2029, with a forecast of over 4,000 tonnes per annum of contained tungsten trioxide.

Energy Department Supports FERC’s Call for PJM to Protect Ratepayers and Build More Reliable Power

2026-10-10

The U.S. Department of Energy (DOE) announced its strong support for new guidance from the Federal Energy Regulatory Commission (FERC) aimed at PJM Interconnection LLC, which would mandate large new electricity users pay for the generation and infrastructure required to serve their demand. This move, consistent with President Trump’s Ratepayer Protection Pledge and following a January 2026 call to action, seeks to lower electricity costs for existing customers across the PJM region by preventing them from subsidizing new, energy-intensive loads. For the mining industry, this signifies a critical shift in energy cost allocation, potentially impacting the financial viability and strategic planning of new, large-scale projects within the mid-Atlantic states served by PJM.

Guanajuato Silver completes tunnel linking San Ignacio and Bolanitos mines

2026-10-10

Guanajuato Silver has announced the completion of a 267-meter underground production ramp linking its San Ignacio mine with the Bolanitos mining complex in central Mexico. This strategic tunnel, finished ahead of schedule in September 2026, is poised to significantly enhance operational efficiencies by improving haulage, cutting costs, and boosting ventilation between the two key silver-gold assets. The project also led to the discovery of new mineralized structures, prompting an immediate drilling program to assess further resource potential within the integrated operations.

EC names 46 projects to strengthen critical raw material supply

2026-10-10

The European Commission has selected 46 strategic projects across 16 Member States, a crucial move to enhance the European Union's critical raw material supply chain. These initiatives, spanning extraction, processing, and recycling, directly support the ambitious targets set by the Critical Raw Materials Act (CRMA) for 2030, aiming to reduce external dependencies for vital materials such as lithium, rare earth elements, and cobalt. This development underscores the EU's commitment to securing resources essential for its battery, defense, and advanced manufacturing sectors, signaling significant opportunities for mining investors and operators within the bloc.

U.S. Department of Energy Awards $96 Million to 67 Early Career Scientists

2026-10-09

The U.S. Department of Energy announced on October 8, 2026, the allocation of $96 million through its 2026 Early Career Research Program to 67 early career scientists. This significant investment targets critical fields such as Super Intelligence, fusion energy, and quantum science, aiming to solidify America's scientific and technological leadership. While not directly focused on extraction, these foundational technologies hold profound implications for the efficiency, sustainability, and resource demands of the global mining industry.

CleanTech Lithium signs agreements for Antofalla properties in Argentina

2026-10-09

CleanTech Lithium has strategically expanded its footprint in Argentina's prolific Salar de Antofalla, securing option agreements for the Genoveva and Sal de Litio 1 properties in Catamarca Province. This move, adjacent to an Albemarle exploration project, reinforces the company's district-scale ambitions and positions it for future resource growth, with a drill program and maiden resource estimate planned for 2027. The acquisition underscores Argentina's growing importance in the global lithium supply chain amidst robust demand from electric vehicle and renewable energy sectors.