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Westgold divests Reedy, Comet projects to Valiant Gold

2026-03-15

Westgold Resources has completed the strategic divestment of its Reedy and Comet gold projects, totaling 1.2 million ounces of resources, to Valiant Gold. This move allows Westgold to streamline its portfolio and focus on core Murchison and Southern Goldfields operations, while Valiant Gold successfully raised $75 million in an oversubscribed Initial Public Offering for an anticipated ASX listing, signalling robust investor confidence in its growth trajectory as a new player in the Australian gold sector.

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Recent Articles

Secretary Wright Directs Sable Offshore to Restore the Santa Ynez Unit and Pipeline

2026-03-15

U.S. Secretary of Energy Chris Wright delivered a directive on March 13, 2026, compelling Sable Offshore Corp. to reactivate oil production at its Santa Ynez Unit and the accompanying pipeline system. This federal mandate, issued under the Defense Production Act, aims to mitigate critical supply disruption risks stemming from California’s restrictive energy policies, which have led to a significant reliance on foreign oil, impacting regional and national security, particularly for West Coast military operations. The restoration efforts are expected to boost California's in-state oil production by 15 percent, displace substantial foreign oil imports, and generate hundreds of jobs in Santa Barbara County.

Canyon Resources mobilises surface miner at Cameroon’s Minim Martap project

2026-03-15

Canyon Resources has marked a significant operational milestone at its Minim Martap bauxite project in Cameroon, mobilizing a surface miner with mining operations expected to commence by the end of March 2026. The Australian company is targeting first bauxite production in early Q2 2026, with the initial ore shipment projected for Q3 2026, supported by secured financing through existing cash and an AFG Bank Cameroon facility. This development underscores the project's rapid transition towards becoming a globally significant, high-grade bauxite producer, with ongoing logistics and offtake discussions advancing concurrently.

Lynas, JARE sign MoU on rare earths value chain

2026-03-15

Lynas Rare Earths and Japan Australia Rare Earths (JARE) have signed a non-binding Memorandum of Understanding (MoU) on March 13, 2026, to collaborate across the rare earths value chain, from exploration and development to processing and offtake. This strategic alliance follows an updated availability and supply agreement earlier in March 2026, which secures significant volumes of neodymium-praseodymium (NdPr) and heavy rare earth oxides (HREOs) for Japan until 2038, underscoring a deepening partnership aimed at bolstering a diversified and sustainable global rare earths supply.

Energy Department Approves Immediate Additional LNG Exports from Plaquemines LNG

2026-03-14

The U.S. Department of Energy has authorized an immediate 13% increase in liquefied natural gas (LNG) exports from Venture Global’s Plaquemines LNG Terminal in Louisiana. This decision, announced by Secretary of Energy Chris Wright on March 13, 2026, adds an additional 0.45 billion cubic feet per day (Bcf/d) to the facility’s export capacity for non-free trade agreement countries, boosting its total authorized exports to 3.85 Bcf/d and reinforcing the United States' role as a vital global energy supplier amidst geopolitical tensions.

First Quantum to sell Çayeli Mine in Türkiye

2026-03-14

First Quantum Minerals has signed a definitive agreement to divest its Çayeli copper and zinc mine in Türkiye to Cengiz Insaat, a part of Cengiz Holding, for $340 million in cash. This strategic sale, anticipated to close in the second or third quarter of 2026, reflects First Quantum's disciplined approach to portfolio management, allowing the company to focus on its core strategic priorities and bolster financial flexibility. The Çayeli mine, located on Türkiye's Black Sea coast, has been a consistent producer since 1994, with its operational life recently extended to 2036.

Copper Quest finalises Auxer Gold Property acquisition

2026-03-14

Copper Quest Exploration has successfully finalized the acquisition of the Auxer Gold Property in Bonner County, Idaho, a strategic move that significantly expands its North American gold and copper asset portfolio. This 1,087-hectare property, encompassing 130 unpatented lode claims, boasts near-surface high-grade gold mineralization, with historical exploration results indicating grades up to 26.8 grams per tonne. The acquisition, facilitated by a payment of two million common shares and a $30,000 fee, positions Copper Quest for intensified exploration, leveraging existing infrastructure and newly secured permits for drilling and reestablishing historical underground access.

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.