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Soma Gold gets first shipment from Diamantina Mine in Colombia

2026-03-13

Soma Gold has announced a pivotal step in its Colombian operations, receiving the first formalised shipment of mineralised material from the Diamantina Mine to its El Limon Mill. This development, which follows over five years of efforts to bring the small-scale operation into compliance with Colombian regulations, sets a precedent for the integration of numerous other small mines on Soma's expansive 43,000-hectare property. The move is central to Soma's strategy to enhance gold production and coincides with significant upgrades, including the implementation of advanced ore sorting technology at its El Bagre Mill, poised to substantially boost processing throughput.

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Energy Department Announces $1.9B Investment in Critical Grid Infrastructure to Reduce Electricity Costs

2026-03-13

The U.S. Department of Energy's Office of Electricity has announced the approximately $1.9 billion SPARK funding opportunity, a targeted initiative to rapidly upgrade critical grid infrastructure through reconductoring and Advanced Transmission Technologies by August 2026. This investment aims to meet rising electricity demand, enhance grid reliability, and significantly reduce electricity costs for American households and businesses. For the mining sector, this represents a crucial development, promising improved operational efficiencies, support for electrification initiatives, and a more stable power supply vital for continuous operations and the expansion of critical mineral extraction.

A2Gold secures 24 additional claims at Eastside Project in Nevada, US

2026-03-13

A2Gold has significantly expanded its footprint at the Eastside Gold Project in Nevada, USA, acquiring 24 additional unpatented lode mining claims covering 201 hectares. This strategic move, spurred by promising geophysical survey results from November 2025, aims to consolidate control over the mineral-rich Eastside trend and enhance exploration potential for oxide gold mineralization typical of the Walker Lane Trend. The expansion positions A2Gold to advance its 2026 exploration agenda, building on the project's existing 1.4 million ounces of inferred gold resources and reinforcing Nevada's status as a premier gold exploration jurisdiction.

Resolute Mining approves Doropo Gold Project FID

2026-03-13

Resolute Mining, an Africa-focused gold producer, has formally approved the Final Investment Decision (FID) for its Doropo Gold Project in Côte d’Ivoire. This pivotal decision greenlights construction set to commence in the first half of 2026, marking a significant step towards Resolute's strategic goal of achieving over 500,000 ounces of annual gold production by the end of 2028. The project, located in the Bounkani Region, boasts an initial mine life of approximately 13 years and underscores the growing importance of West Africa in the global gold market.

United States to Release 172 Million Barrels of Oil From the Strategic Petroleum Reserve

2026-03-12

The United States, through the Department of Energy, announced on March 11, 2026, a substantial release of 172 million barrels from its Strategic Petroleum Reserve (SPR). This action, authorized by President Trump and part of a larger 400-million-barrel coordinated global release by 32 International Energy Agency (IEA) member nations, aims to lower energy prices and enhance global energy security. The U.S. plans to fully replenish its reserves with 200 million barrels within the next year at no cost to taxpayers, underscoring a proactive approach to strategic energy management.

Fortescue’s Nascent Exploration acquires Alta Copper

2026-03-12

Fortescue, through its wholly-owned subsidiary Nascent Exploration, has completed the acquisition of all outstanding shares of Alta Copper, securing full ownership of the significant Cañariaco Copper Project in Northern Peru. The transaction, valued at approximately C$139 million, strategically enhances Fortescue's copper portfolio in a region known for its porphyry deposits, aligning with the company's growth and diversification strategy into critical minerals.

Rio Tinto obtains $1.17bn for lithium project in Argentina

2026-03-12

Rio Tinto has secured a substantial $1.17 billion financing package to accelerate the development of its Rincon lithium project in Salta Province, Argentina. This critical funding, provided by a consortium of international financial institutions, underpins the $2.5 billion project's goal to produce 60,000 tonnes per annum of battery-grade lithium carbonate, commencing production in 2028 with a projected 40-year operational lifespan, significantly bolstering the global supply chain for electric vehicle batteries.

Venezuela gains initial approval for new mining bill

2026-03-11

Venezuela’s National Assembly has granted preliminary approval to a new mining bill, signaling an ambitious move to revitalize the nation's resource sector and attract foreign investment. The legislation, which aims to replace a nearly three-decade-old framework, seeks to bolster legal guarantees for investors, introduce independent mediation for dispute resolution, and open the door for capital into strategic mineral projects such as gold and bauxite. This development follows a high-profile visit by US Interior Secretary Doug Burgum to Caracas in early March 2026, and mirrors recent reform efforts in Venezuela’s oil sector, indicating a potential shift in the country's economic strategy amidst escalating global demand for critical minerals.

Lundin Mining to acquire additional stake in Lumina Copper

2026-03-11

Lundin Mining is set to significantly expand its copper-dominant portfolio through a strategic acquisition in Chile, purchasing an additional 5% ownership in the operating Caserones copper-molybdenum mine and a 30.9% stake in the large-scale Los Helados copper-gold project. Valued at $215 million (C$291.37 million), this move is expected to enhance Lundin's attributable copper production and secure substantial long-term growth potential in the prospective Vicuña District, underscoring the company's commitment to high-quality, scalable copper assets amid robust global demand.

Domestic Metals expands exploration efforts at Smart Creek Project in US

2026-03-10

Domestic Metals has significantly expanded its exploration efforts at the Smart Creek Copper Project in Montana, US, following highly encouraging surface exploration results indicating substantial copper, gold, and silver mineralization. The company, in a joint venture with Rio Tinto, plans to initiate diamond drilling in April 2026 to test the newly identified targets, which exhibit porphyry, epithermal, and carbonate replacement deposit styles in a prolific mining region. This intensified program underscores the project's potential to contribute to the domestic supply of critical metals, attracting considerable industry attention.

Trafigura to secure lithium supply from Smackover project in US

2026-03-10

Trafigura has executed a significant binding take-or-pay offtake agreement with Smackover Lithium for 8,000 tonnes per annum of battery-grade lithium carbonate over a decade. This deal, commencing in 2028 from the South West Arkansas (SWA) project, marks a critical step towards bolstering the domestic US lithium supply chain and advancing the project's Final Investment Decision by 2026. Leveraging Direct Lithium Extraction (DLE) technology, the SWA project is poised to become a key producer in the burgeoning electric vehicle and energy storage markets.