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CoTec, Copper Intelligence sign agreement for DRC tailings

2026-09-30

CoTec and Copper Intelligence have formalized a definitive joint venture agreement, announced on September 30, 2026, aimed at processing historical copper tailings across the Democratic Republic of Congo (DRC), particularly within its renowned Central African Copperbelt. This strategic alliance seeks to unlock significant value from decades of accumulated mining waste, leveraging CoTec’s specialized technologies and rigorous due diligence processes to recover critical copper resources. The initiative aligns with a growing industry trend towards sustainable resource recovery and addresses the increasing global demand for copper, positioning the DRC as a key player in the circular economy for base metals.

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The United States Energy Department Continues Execution of Strategic Reserve Release Commitments

2026-09-30

The U.S. Department of Energy (DOE) announced on September 29, 2026, a Request for Proposal for an exchange of up to 40 million barrels of crude oil from the Strategic Petroleum Reserve (SPR). This action is part of the ongoing U.S. commitment to stabilize global oil markets and contribute to the 400-million-barrel release coordinated by the International Energy Agency. The exchange mechanism, which requires participating companies to return more oil than they borrow, simultaneously bolsters immediate supply and strengthens the SPR's long-term inventory without taxpayer expense.

Hertha Metals raises $133m to build iron plant in US

2026-09-30

Hertha Metals has secured $133.65 million in Series A funding, including a substantial $65 million equity investment from the US Government, to construct a pioneering high-purity iron plant in the United States. This facility, named Hertha Chalyx, will utilize the company's innovative Flex-HERS process to produce 10,000 tonnes of magnet-grade and steel-grade iron annually, critically addressing the nation's reliance on imported materials for rare-earth magnets essential to defense and technology sectors. The project aims to establish a robust domestic supply chain, promising reduced production costs and significantly lower emissions compared to traditional blast furnace methods.

Jaguar gains approval for La Rosada in Argentina

2026-09-30

Jaguar Uranium has secured crucial environmental approval for exploration activities at its La Rosada prospect in Argentina’s Chubut Province, a significant step forward for its flagship Laguna Salada uranium and vanadium project. This permit authorizes work across 59,895.3 hectares, representing the largest single exploration area approved within the 230,000-hectare project to date. The approval positions Jaguar to commence fieldwork following the winter season, applying systematic geochemical sampling, geological mapping, and advanced geophysical surveys to identify potential deep fluvial paleochannels.

Mesabi plans $18bn investment to combine iron ore mine and steel complex

2026-09-29

Mesabi Metallics, backed by Essar Group, has announced an ambitious $18 billion investment to establish a fully integrated iron ore mine and steel complex spanning Minnesota and Iowa. This landmark project, unveiled at the White House, aims to create over 8,000 jobs and forge a robust, domestic steel supply chain using advanced, lower-emission production technologies. It represents a significant commitment to bolstering American manufacturing and resource independence.

Troilus secures $850m credit-approved debt commitments

2026-09-29

Troilus Mining has secured an $850 million (C$1.21 billion) credit-approved debt commitment from KfW IPEX-Bank and Société Générale, a critical step towards fully funding its Troilus Gold-Copper Project in Québec, Canada. This commitment forms the core of a planned $1.1 billion total debt package, which includes a proposed $250 million from Export Development Canada, subject to final internal approvals. The financing features a three-year repayment grace period during construction and a ten-year, cash flow-aligned amortization, signaling a significant de-risking for the project and a milestone for the company.

Energy Department Advances U.S. Energy Priorities at G20 Energy Abundance Ministerial

2026-09-28

The U.S. Department of Energy, in collaboration with the White House National Energy Dominance Council and other key agencies, hosted the G20 Energy Abundance Ministerial in Houston, Texas, from September 14-16, 2026. This pivotal event centered G20 discussions on ensuring affordable, reliable, and secure energy through the affirmation of hydrocarbons, nuclear power, and advanced technologies, resulting in consensus on crucial areas including energy access, supply chain security, and infrastructure development. The ministerial also saw significant private sector investment announcements, underscoring a strategic shift towards diversified and robust global energy frameworks with direct implications for the mining sector's role in providing essential raw materials.

Barrick signs new agreement with unions at Mali gold complex

2026-09-28

Barrick Mining has successfully negotiated a collective bargaining agreement with unions at its pivotal Loulo-Gounkoto gold complex in western Mali, averting significant industrial action. This landmark agreement not only resolves demands from mine workers but also led to the withdrawal of separate strike notices from a Barrick contractor and Malian mining administration agencies, signaling a crucial step towards labor stability in a key African gold-producing nation. The resolution underscores Barrick's commitment to navigating complex operational environments and maintaining consistent production from one of its core assets.

Montage Gold delivers first gold pour at Koné mine

2026-09-28

Montage Gold has announced the successful first gold pour at its Koné mine in Côte d’Ivoire, achieving this significant operational milestone ahead of its initial target date of the second quarter of 2027 and within budget. The project, which has processed over 400,000 tonnes of ore to yield approximately 1,140 ounces of gold, is set to ramp up its oxide circuit to commercial production by the end of 2026, while concurrently advancing the construction of its hard-rock comminution circuit. This early production, alongside substantial resource increases and robust local employment initiatives, positions Koné as a rapidly developing asset in West Africa's burgeoning gold sector.

Trump Administration Mitigates Blackout Risks by Keeping Colorado Coal Plant Online

2026-09-27

U.S. Secretary of Energy Chris Wright issued an emergency order on September 25, 2026, mandating the continued operation of Craig Station Unit 1, a coal-fired power plant in Colorado, through December 25, 2026. This directive, citing critical grid reliability concerns in the Western Electricity Coordinating Council (WECC) Rocky Mountain region, underscores the Trump Administration's strategy to preserve coal-fired generation and mitigate blackout risks, a move with significant implications for the U.S. thermal coal mining sector.

BLM approves seven new drill pads for Spartan Metals in Nevada

2026-09-27

Spartan Metals has received crucial approval from the U.S. Bureau of Land Management (BLM) for seven new drill pads at its Tungstonia Claims, part of the Eagle Tungsten-Silver-Rubidium Project in Nevada's White Pine County. This expansion brings the total authorized drill sites to 32, strategically chosen based on advanced geophysical surveys to target deep extensions of known vein systems and new mineralization styles, enhancing the project's potential in the critical minerals sector. The move underscores Spartan's data-driven exploration approach and Nevada's role in bolstering domestic mineral supply chains.