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US unveils $2bn boost for domestic mining initiatives

2026-08-11

On August 10, 2026, the US government, led by President Donald Trump, unveiled a sweeping initiative committing over $2 billion to fortify domestic critical minerals production and related manufacturing, alongside an additional $180 million for mining workforce development and education. These investments aim to bolster American supply chain security, reduce reliance on foreign sources for essential materials, and re-invigorate the nation's strategic industrial base. The package includes significant funding for companies developing everything from refractory-grade bauxite to advanced battery components and rare earth-free magnets, marking a pivotal moment for the US mining sector.

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Energy Secretary Continues Progress to Strengthen Energy Reliability in Puerto Rico

2026-08-11

<p><br />The U.S. Department of Energy (DOE) has renewed critical emergency orders for Puerto Rico, authorizing the Puerto Rico Electric Power Authority (PREPA) to maintain essential generation capacity and intensify vegetation management. Effective August 10, 2026, through November 7, 2026, these measures are designed to bolster the island’s electric grid against rising demand and the ongoing hurricane season, building upon previous interventions that have restored nearly 1,600 megawatts of generation capacity and significantly increased federal vegetation clearing projects. This sustained federal commitment underscores the vital importance of reliable energy infrastructure for industrial stability and economic development, offering key insights for the mining sector regarding infrastructure investment and material demand.</p> <p>

Golden Rapture agrees deal for land south of Canada’s Goliath project

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Golden Rapture Mining has strategically expanded its land holdings in northwestern Ontario by acquiring the South of Goliath Property, located just 500 meters from NexGold Mining's advanced Goliath Gold Project. This acquisition, involving a cash payment of C$600 and the issuance of 200,000 shares, positions Golden Rapture adjacent to a project boasting significant proven and probable gold and silver reserves, highlighting the ongoing exploration dynamism in Canada's prolific gold regions. The transaction awaits approval from the Canadian Securities Exchange and includes a 1.5% net smelter return royalty for the sellers.

US DFC to fund Harena Rare Earths’ Madagascar mine

2026-08-11

News US DFC to fund Harena Rare Earths’ Madagascar Mine The investment aims to advance the development of the Ampasindava Ionic Clay Rare Earth Project. Shree Mishra August 10, 2026 Share Copy Link Share on X Share on Linkedin Share on Facebook Rare earth elements play a key role in sectors such as robotics, electronics, and defence. Credit: Phawat/Shutterstock.com. The US International Development Finance Corporation (DFC) is set to offer project development funding for Harena Rare Earths plc’s mine located in Madagascar. The funding was announced at the American Mining Industry event held at the US Department of State, representing DFC’s first mining investment in Madagascar. Go deeper with GlobalData Reports Hardeo Damanka Mine Reports VFC-Louder Creek E, F, G, H Mine Go deeper with GlobalData The gold standard of business intelligence. Find out more Discover B2B Marketing That Performs Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms. Find out more This investment aims to advance the development of the Ampasindava Ionic Clay Rare Earth Project, which is fully owned by Harena Rare Earths. The site contains significant concentrations of neodymium, dysprosium and praseodymium, which are used in high-performance magnets for advanced manufacturing...

DOE’s Office of Energy Dominance Financing Closes Loan to Strengthen Puerto Rico’s Grid, Delivering Hundreds of Millions in Electricity Cost Savings

2026-08-09

The U.S. Department of Energy’s Office of Energy Dominance Financing (EDF) has closed a $489.4 million loan to Amanecer Puerto Rico LLC, a subsidiary of Pattern Energy, aimed at significantly bolstering Puerto Rico's electric grid. This strategic investment, announced on August 5, 2026, is projected to save Puerto Rican consumers and businesses approximately $312.5 million in electricity costs over the next 25 years while enhancing grid reliability through 220 megawatts of American-manufactured battery storage systems and a future pathway for natural gas generation. The initiative underscores a broader commitment to strengthening domestic supply chains, supporting American manufacturing, and ensuring energy security, with notable implications for the critical minerals sector.

Lessons from the Iran war: China’s oil buffer and energy resilience, tested

2026-08-09

The 2026 Iran war and the subsequent closure of the Strait of Hormuz tested China's energy resilience, yet the world's largest crude oil importer appeared relatively immune to the initial shock. This article delves into China's decade-long strategic preparations, including substantial commodity stockpiles, vast petrochemical capacity, and a massive electrification drive, which have insulated it from extreme price volatility. We explore expert analyses on the effectiveness of these buffers, China's potential to influence global oil markets, and the complex implications for the global mining industry.

Norsemont expands land position at Choquelimpie

2026-08-09

Norsemont Mining has significantly expanded its land package at the wholly-owned Choquelimpie gold-silver project in northern Chile, adding 3,291 hectares to bring the total to 9,048 hectares. This strategic expansion, driven by new geological interpretations identifying extensions to known mineralized trends, enhances the potential of the past-producing high-sulfidation epithermal system, which already hosts substantial indicated and inferred gold-equivalent resources and existing infrastructure. The move underscores Norsemont's systematic approach to advancing Choquelimpie and its commitment to unlocking further value in a key Chilean mining region.

Energy Department Launches $100 Million Initiative to Build America’s Critical Minerals Workforce, Strengthen Domestic Supply Chains

2026-08-08

The U.S. Department of Energy (DOE) has launched the $100 million Providing Opportunities for Specialized Education in Critical Technologies (PROSPECT) initiative, aimed at bolstering America's critical minerals workforce and securing domestic supply chains. Announced on August 7, 2026, by the DOE’s Office of Critical Minerals and Energy Innovation, this program seeks to double the number of graduates in mining and related fields within two years and address a projected need for 6,000 new mining engineers over the next decade. PROSPECT represents a significant federal investment in education and training to reduce reliance on foreign adversaries for essential materials.

Phase one drilling begins at Decade’s Bonaparte copper-gold project

2026-08-08

Decade Resources has initiated its pivotal phase one drilling program at the Bonaparte copper-gold project in British Columbia, Canada, targeting a blend of porphyry, intrusion-related gold, and epithermal vein systems. This initial 3,000-meter drill program across six holes aims to test significant geophysical and geochemical anomalies, building on historical high-grade gold intercepts. The project, strategically located near Kamloops, represents a key exploration focus for Decade Resources, with potential implications for North America's critical minerals supply chain.

Case study: How mining’s toughest environments demand a tailor-made protection strategy

2026-08-08

The global mining sector is confronting unprecedented challenges that demand specialized lubrication strategies, moving beyond traditional OEM specifications. A recent case study highlights Petro-Canada Lubricants' PRODURO™ TO-4+ UHP, which demonstrated significant improvements in equipment life and film thickness during a two-year field trial with a major Canadian mining fleet, addressing the rigorous demands of extreme temperatures, punishing loads, and continuous autonomous operations. This innovation offers a pathway to enhanced reliability, reduced maintenance, and improved cost efficiency for modern mining fleets globally.

United States to Host International Atomic Energy Agency Launch for New Maritime Nuclear Initiative

2026-08-07

The United States is set to host the ministerial launch of the International Atomic Energy Agency’s (IAEA) new ATLAS initiative in Washington, D.C., on August 26–27, 2026. This landmark event will establish an international framework for the safe and secure deployment of nuclear technologies in the maritime sector, addressing legal and regulatory complexities for advanced applications like floating nuclear power plants and civil nuclear-powered ships. The initiative holds significant implications for the mining industry, particularly regarding future demand for uranium and other critical minerals essential for advanced nuclear reactor development.