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Questcorp Mining completes IP survey at BC’s North Island Copper Project

2026-03-12

Questcorp Mining has successfully completed a 12.8-line kilometre induced polarisation (IP) survey at the Marisa Zone within its North Island Copper Project in British Columbia, Canada. This geophysical campaign confirmed a historical chargeability anomaly linked to copper mineralisation, setting the stage for a critical 3D inversion model and a planned drilling programme to commence in late Q2 2026. The advancement is underpinned by a recent C$2 million investment from Sorbie Bornholm, positioning Questcorp to refine drill targets and unlock the project's potential on Vancouver Island.

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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.

Mining Technology’s parent company GlobalData moves to Main Market of LSE

2026-03-08

GlobalData Plc, the parent company of *Mining Technology*, announced its strategic move from the London Stock Exchange's Alternative Investment Market (AIM) to its prestigious Main Market on March 5, 2026. This significant transition reflects the company's substantial growth, operational maturity, and its successful, long-term strategy of building a unified, AI-powered intelligence platform through sustained investment and targeted acquisitions. The move is set to enhance GlobalData's profile among a broader investor base and signifies its established position as a critical intelligence provider for over 5,000 organizations globally, including those in the discerning mining sector.

Metso to supply equipment for Blackwater Mine phase two project in Canada

2026-03-08

Metso has secured significant orders, totaling €39 million ($45.25 million), to supply a comprehensive suite of crushing and grinding equipment for Artemis Gold’s Expanded Phase 2 (EP2) development at the Blackwater Mine in central British Columbia, Canada. This includes a Premier 18,000kW SAG mill, a Premier 18,000kW ball mill, a Superior MKIII gyratory crusher, Nordberg HP Series cone crushers, and various ancillary processing technologies, underscoring a strategic partnership aimed at optimizing the gold project's operational efficiency and supporting regional economic development.

Pan American finds four new veins at La Colorada mine in Mexico

2026-03-07

Pan American Silver has announced significant exploration success at its La Colorada mine in Zacatecas, Mexico, with the discovery of four new high-grade polymetallic veins and the extension of existing zones. An intensive drilling campaign between November 2025 and January 2026, totaling 17,774 meters, confirmed new veins like Filomena and Nicolasa, exhibiting exceptional silver, gold, lead, and zinc grades. These discoveries are set to substantially enhance the mine's resource base, with an updated mineral reserves and resources report anticipated by June 30, 2026.