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Gold Mining News

51 articles about gold mining

Energy Department Announces New Genesis Mission Awards to Advance Super Intelligence for Science

The U.S. Department of Energy (DOE) has announced 12 new Phase II Genesis Mission project awards, totaling $159 million, aimed at advancing Super Intelligence (SI) for scientific discovery. Launched in November 2025, the Genesis Mission seeks to accelerate U.S. leadership in science, medicine, and technology by integrating SI with advanced computing and research infrastructure. These projects include initiatives with significant implications for the mining sector, such as enhancing domestic critical rare-earth element extraction and optimizing subsurface resource management.

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Discovery to acquire McEwen’s Timmins mineral assets for $55m

Discovery Mining is set to acquire significant mineral properties in the prolific Timmins region from McEwen subsidiaries for $55 million, comprising $50 million in common shares and $5 million in cash. This strategic acquisition, adjacent to Discovery's prominent Dome Mine, is poised to bolster the company's ambitious plans for increased gold production by providing essential land for future processing and tailings infrastructure. The deal, anticipated to close in October 2026, also includes an amendment to an existing royalty agreement with Franco-Nevada, further solidifying Discovery's operational and financial strategy in one of Canada's premier gold camps.

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Codelco partially halts El Teniente mine after landslide

Codelco, the state-owned copper giant, has partially suspended operations at its historic El Teniente mine in Chile following a tragic landslide on October 12, 2026, which claimed the lives of two contractor employees from Aura Ingeniería. The incident, attributed to heavy rainfall, occurred in the mine’s south pit sector, prompting a multi-agency investigation and renewed focus on geotechnical stability and safety protocols in challenging operating environments. This event also follows a recent suspension of development at El Teniente's Andes Norte project due to seismic risk concerns, highlighting the complex geological challenges inherent to one of the world's largest underground copper mines.

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Energy Department Authorizes Strategic Petroleum Reserve Exchange to Address Supply Disruptions Due to Hurricane

The U.S. Department of Energy (DOE) has authorized an emergency exchange of up to 4 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) to mitigate supply disruptions caused by inclement weather in the Gulf of America. This proactive measure, involving ExxonMobil and BP America, aims to stabilize refinery operations and fuel supplies, with participating companies committed to returning additional premium barrels to the SPR in 2027, ensuring no cost to taxpayers and strengthening national energy security. This move underscores the critical role of strategic reserves in maintaining stable energy markets, which is vital for the operational stability and cost predictability required by the heavy fuel-dependent mining industry.

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Iron ore bucks Hormuz disruption as supply disputes shift to China

The global iron ore market, while experiencing regional disruptions due to tensions in the Strait of Hormuz, is demonstrating resilience, largely unaffected in its major supply routes. Concurrently, China's evolving procurement strategy is fundamentally reshaping its long-standing commercial relationships with major Australian iron ore suppliers, signalling a significant shift in global commodity trade dynamics and necessitating strategic adjustments across the industry.

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Guanajuato Silver completes tunnel linking San Ignacio and Bolanitos mines

Guanajuato Silver has announced the completion of a 267-meter underground production ramp linking its San Ignacio mine with the Bolanitos mining complex in central Mexico. This strategic tunnel, finished ahead of schedule in September 2026, is poised to significantly enhance operational efficiencies by improving haulage, cutting costs, and boosting ventilation between the two key silver-gold assets. The project also led to the discovery of new mineralized structures, prompting an immediate drilling program to assess further resource potential within the integrated operations.

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Kenorland, Auranova launch phase four drilling at South Uchi Project

Kenorland Minerals and Auranova Resources have initiated a significant 5,000-meter Phase Four diamond drilling program at their South Uchi Project within Ontario’s prolific Red Lake District. This autumn 2026 campaign targets the North Papa trend in the Papaonga area, building upon earlier broad gold intercepts and exploring new anomalies identified by a recent induced polarisation survey. The project, operated by Kenorland, highlights a strategic partnership where Auranova holds a 51% interest, underscoring continued investment in a highly prospective Canadian gold region.

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New technologies target energy use in Australian ore processing

The Australian mining industry is actively pursuing advanced technologies to significantly reduce its energy and water consumption during ore processing. Innovations such as alternative crushing methods, coarse-particle flotation, and various dry separation techniques are at the forefront of this transformation. These efforts aim to enhance operational efficiency, mitigate environmental impact, and secure the long-term sustainability of mining operations amidst increasing resource scarcity and regulatory pressures.

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Belmont launches gravity survey at Crackingstone uranium site

Belmont Resources has initiated a high-resolution ground gravity survey at its wholly owned Crackingstone Uranium Project near Uranium City, Saskatchewan, Canada. This intensive survey, involving 2,500 stations spaced 50 meters apart, aims to detect subsurface density variations indicative of potential uranium mineralization. The collected data will be integrated with multiple existing geological and geophysical datasets to refine and prioritize drill targets for a planned 2,000-meter diamond drilling campaign, signaling a significant advancement in the project's exploration lifecycle.

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Energy Department Announces Alaska Railbelt Transmission Project to Receive Defense Production Act Funding, Securing Alaska Military Installations and Local Communities

The U.S. Department of Energy announced on October 5, 2026, its intent to deploy Defense Production Act (DPA) funding for the Alaska Energy Authority’s Beluga-Healy Transmission Project, a critical $418 million infrastructure initiative. This project, which will construct 223 miles of new high-voltage transmission line, aims to establish a second essential power connection between Southcentral and Interior Alaska, significantly bolstering grid reliability, reducing electricity costs, and supporting national defense assets, alongside vital mining and resource development activities across the state.

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Protecting mining’s hydraulic backbone to keep operations moving

Hydraulic cylinders are the indispensable backbone of virtually all mining machinery, driving operations both underground and on the surface. A recent industry focus, highlighted around October 6, 2026, underscores the critical importance of protecting these vital components from environmental contamination to prevent costly unplanned downtime, production disruptions, and potential safety risks. Implementing innovative protection solutions is key to extending equipment lifespan, maintaining performance, and bolstering overall operational efficiency in the challenging mining environment.

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Supply chain shifts are reshaping Australia’s manganese sector

Australia’s manganese sector is at a critical juncture, possessing substantial resources but facing headwinds from ageing mining infrastructure, limited domestic processing capabilities, and evolving global trade policies. These shifts, highlighted in an analysis by Alejandro Gonzalez and Prasanna Aakula on October 6, 2026, are compelling a re-evaluation of the nation’s role in the global manganese supply chain, despite operations like GEMCO on Groote Eylandt serving as significant producers. The industry must navigate these challenges to fully leverage its resource endowment and meet increasing global demand.

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Wildsky signs LoI for Zimbabwe’s NewRidge Gold Project

Canadian exploration firm Wildsky Resources has signed a binding Letter of Intent (LoI) to acquire a full interest in the NewRidge Gold Project in Zimbabwe's Manicaland Province, along with an option for three adjacent mining claims. This strategic move, announced on October 5, 2026, positions Wildsky within the geologically prospective Odzi-Mutare-Manica greenstone belt, enhancing its African mineral portfolio and signaling continued investment interest in Zimbabwe's gold sector. The transaction involves significant cash payments and share issuances to Golden Cube Mining, the current holder, contingent on due diligence and regulatory approvals.

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NSW approves HVO coal mine continuation with conditions

<p><br /> New South Wales' Independent Planning Commission has approved the continuation of Hunter Valley Operations' (HVO) North and South open-cut coal mines, extending their operational lives to 2045 and 2042, respectively. The approval is contingent upon strict conditions aimed at mitigating greenhouse gas emissions, including requirements for Scope 3 management, renewable energy integration, and limiting exports to countries with Paris Agreement-consistent reduction policies. This decision, following extensive public consultation and regulatory review, highlights the complex balance between economic benefits and environmental stewardship in Australia's vital mining sector.</p> <p>

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Energy Department Announces Up to $400 Million for Basic Research to Advance the Frontiers of Science

The U.S. Department of Energy announced on October 1, 2026, an annual funding opportunity of up to $400 million for basic scientific research, aligned with President Trump’s Executive Order “Restoring Gold Standard Science.” This significant investment, aimed at strengthening America’s scientific and technological leadership across multiple disciplines, holds profound, albeit often indirect, implications for the mining industry. By fostering breakthroughs in areas such as advanced computing, materials science, and isotope research, this funding is poised to drive future innovations that will enhance operational efficiency, sustainability, and resource security within the global mining sector.

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Bell Bay Aluminium to continue operations until 2031

Rio Tinto's Bell Bay Aluminium smelter in northern Tasmania has secured its operational future until at least December 31, 2031, through a landmark agreement with the Australian and Tasmanian governments. This extension, supported by ongoing energy provision from Hydro Tasmania and additional government assistance, aims to bolster the smelter's competitiveness and preserve 550 direct jobs. The agreement arrives as Rio Tinto navigates complex environmental and social challenges, highlighted by a significant legal claim against its QIT Madagascar Minerals operation.

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ACDC Metals gains BLM permits for Mount Jackson drill campaign

ACDC Metals has secured vital environmental permitting approval from the US Bureau of Land Management (BLM) for its Mount Jackson gold-silver project in Nevada, paving the way for a maiden drilling campaign and a geophysical survey. This significant milestone, announced on October 1, 2026, allows the company to proceed with a 12 line-kilometre controlled source audio magnetotellurics (CSAMT) survey in October 2026 and up to 2,500 meters of reverse circulation (RC) drilling targeting the Pegasus and 3 Shaft zones in Q4 2026. The project, located in the geologically rich Walker Lane mineral belt, aims to build upon historical mineralization results and validate the understanding of the precious metals system.

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Riversgold submits mine plan for Kalgoorlie gold project in Australia

Riversgold Limited has submitted its Mine Development and Closure Proposal (MDCP) for the Northern Zone open pit at its Kalgoorlie gold project in Western Australia, marking a significant step towards commencing mining operations. This crucial regulatory submission, prepared in collaboration with MEGA Resources and Resources WA, outlines the project's operational and environmental plans, following the grant of its 21-year mining lease and the resolution of haul road access objections. The project's development funding is fully underwritten by MEGA Resources through a 50/50 cooperation agreement, extended to September 2027, significantly de-risking the venture for Riversgold.

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Yancoal closes $1.85bn deal for 80% stake in Kestrel Coal Mine

Yancoal Australia has finalized a significant $1.85 billion acquisition for an 80% interest in Queensland’s Kestrel Coal Mine, a premier metallurgical coal asset. This strategic move, which could see the total transaction value rise to $2.4 billion, bolsters Yancoal's presence in the Bowen Basin, diversifies its product mix with premium coking coal, and is expected to increase its pro forma metallurgical coal production share to 22%. The long-life Kestrel mine, with substantial reserves, is poised to enhance Yancoal's shareholder value and reinforce its standing as a leading Australian coal producer.

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Lynas agrees to buy Meteoric Resources in $674m all-share deal

Lynas Rare Earths has agreed to acquire Meteoric Resources in an all-share deal valued at approximately $674 million, gaining access to the significant Caldeira ionic clay rare earth project in Brazil. This strategic acquisition is set to bolster Lynas's resource base, diversify its operations outside Australia, and strengthen its position in the global supply chain for critical rare earth elements, including neodymium-praseodymium and dysprosium-terbium oxides, vital for high-tech industries. The deal underscores the industry's drive to secure stable, non-Chinese sources of these essential materials.

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Jaguar gains approval for La Rosada in Argentina

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.

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Troilus secures $850m credit-approved debt commitments

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.

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Fortescue produces first hot metal at Christmas Creek project

<p></p> <p>Fortescue Metals has achieved a significant milestone by producing its first hot metal at the Christmas Creek Green Metal Project in Western Australia, marking a crucial step towards low-emission iron production. Utilizing an electric direct reduced iron (DRI) smelting furnace supplied by Metso, the project aims to evaluate advanced technologies for processing local iron ore fines with significantly reduced carbon emissions. This development signals Australia's strategic pivot from being solely an iron ore exporter to a future producer of high-value, green metal, with substantial implications for the global steel industry's decarbonization efforts.</p> <p>

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Barrick signs new agreement with unions at Mali gold complex

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.

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Montage Gold delivers first gold pour at Koné mine

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.

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Drill programme begins at Sirios’ Aquilon gold project

Sirios Resources has launched a 1,800-meter diamond drilling program at its Aquilon gold project in Quebec, Canada, on September 28, 2026. This critical initiative, funded jointly with 51% stakeholder Sumitomo Metal Mining Canada, aims to define the lateral and depth continuity of a significant gold halo discovered in 2025. The program seeks to expand on previous intercepts, including a notable 298.2 meters grading 0.26 g/t gold, while also exploring the potential of high-grade zones like Lingo and Moman within the 68 km² property.

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BLM approves seven new drill pads for Spartan Metals in Nevada

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.

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OceanaGold reveals assay results from Wharekirauponga drilling

OceanaGold has unveiled exceptionally high-grade assay results from its Wharekirauponga prospect in New Zealand, with intercepts including 6.3m at 97.2 grams per tonne (g/t) gold. These findings, stemming from expanded drilling activity, significantly enhance the potential to upgrade mineral resources within the East Graben (EG) Vein. Concurrently, the company reported steady progress at its Waihi North Project, with underground development and infrastructure construction on track, culminating in an anticipated National Instrument 43-101 compliant technical report for the entire Waihi District in January 2027.

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Kuniko completes phase two drilling at Commonwealth-Silica Hill

Kuniko has announced the completion of its phase two diamond drilling program at the Silica Hill prospect, part of the Commonwealth Project in Australia's prolific Lachlan Fold Belt. The program involved 11 holes totaling 2,731 meters, significantly deepening geological understanding and supporting an anticipated mineral resource estimate update in the fourth quarter of 2026. This extensive work, including forthcoming downhole electromagnetic surveys and assay results, aims to define potential extensions of the mineralized system and advance Kuniko's strategic exploration in the region.

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Blue Moon Metals to acquire Turner deposit from Gold Coast Mining

<p><br />Blue Moon Metals has strategically acquired the Turner copper-gold volcanic massive sulphide (VMS) deposit from Gold Coast Mining, located near O’Brien, Oregon. This acquisition significantly expands Blue Moon’s critical metals portfolio in the Western US, adding polymetallic mineralization including copper, gold, zinc, silver, and cobalt to its growing asset base. The transaction, valued at approximately $31.7 million in cash and shares plus potential milestone payments, underscores Blue Moon’s focus on securing domestic supply for essential industrial and battery metals.</p> <p>

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Mercuria pledges $500m to Project Vault minerals initiative

Mercuria, a leading global commodity trader, has pledged a significant $500 million (SFr411.76 million) to Project Vault, now known as VaultCo, an initiative designed by the Export-Import Bank of the US (EXIM) to establish a strategic national stockpile of critical minerals. Revealed during the UN General Assembly summit in New York, this investment, alongside Glencore's participation as a founding partner, aims to fortify US industrial supply chains and reduce exposure to global market disruptions for essential materials vital to manufacturing, infrastructure, and energy sectors. The collaboration leverages the financial capacity of EXIM with the extensive trading, logistics, and sourcing expertise of its industry partners to enhance US critical mineral security.

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BHP suspends activities at Escondida mine after maintenance accident

BHP has announced the immediate suspension of all activities at its Escondida copper mine in northern Chile, the world's largest copper producer, following a fatal accident during maintenance work on September 24, 2026. The incident, which involved a front-end loader and resulted in the death of an employee, triggers mandatory regulatory pauses for safety inspections, casting uncertainty on the restart timeline for this critical global copper supply source. The suspension comes just months after the mine secured an environmental permit for a significant $14.7 billion expansion project.

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Artemis Gold to acquire Vista Gold for $427m

Artemis Gold has announced a definitive agreement to acquire Vista Gold in an all-share transaction valued at approximately $427 million, granting Artemis ownership of the feasibility-stage Mt Todd gold project in Australia’s Northern Territory. This strategic acquisition, expected to close in January 2027, is poised to significantly bolster Artemis Gold’s resource pipeline, aligning with its ambitious goal of achieving one million ounces of gold production per year, complementing its ongoing Blackwater development in Canada.

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Sunshine Silver increases Idaho holdings by 14,100 acres

Sunshine Silver Mining & Refining has significantly expanded its land holdings in Idaho’s historic Silver Valley by 14,100 acres, bringing its total to approximately 38,000 acres. This 60% increase is coupled with the launch of a multi-year, district-scale exploration program, involving 45,000 meters of surface drilling, targeting high-potential areas identified through recent fieldwork. Concurrently, the company is advancing a 50,000-meter underground drilling program at its flagship Sunshine Mine, aiming to upgrade resources for a planned 2027 feasibility study, underscoring its strategic intent to unlock the full potential of this prolific US silver district.

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Beyond the purchase price – the true cost of mining engines

A recent analysis by Rolls Royce Mining, published on September 21, 2026, highlights that the initial purchase price of an engine represents only a fraction of its true cost over its operational lifespan within a mining haul truck fleet. The study emphasizes that factors such as fuel consumption, maintenance, overhaul intervals, and the critical impact of downtime significantly determine an engine's total cost of ownership, advocating for a holistic evaluation beyond upfront capital expenditure.

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Energy Secretary Secures Carolinas’ Grid Amidst Hot Weather Conditions

The U.S. Department of Energy (DOE) issued an emergency order on September 18, 2026, authorizing Duke Energy Carolinas, LLC to dispatch specified and backup generation resources to avert blackouts in North and South Carolina amid hot weather conditions. This directive, effective through September 21, 2026, underscores growing concerns about grid stability and the adequacy of baseload power as intermittent renewable sources expand, directly impacting energy-intensive industries like mining. U.S. Secretary of Energy Chris Wright highlighted the vulnerability of the grid to "energy subtraction policies" and emphasized the administration's commitment to utilizing all available tools to ensure reliable electricity access for American families and businesses.

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Syntax launches SAP-based maintenance budgeting tool for mining

Syntax has introduced its new SAP-based maintenance cost budgeting solution, Syntax Maintenance Cost Budgeting, designed to transform how mining companies manage their operational expenditures. Developed in partnership with SAP, this tool integrates with SAP Cloud ERP to provide real-time visibility and predictive analytics for maintenance costs, moving away from traditional manual methods. The solution aims to enhance financial oversight, improve planning, and support more informed decision-making across the complex, multi-site operations characteristic of the global mining sector.

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Empress Royalty signs $62m Tongon gold stream deal

Empress Royalty, through its subsidiary Empress Holdings, has executed a significant gold stream purchase agreement for an interest in the Tongon Gold Mine in Côte d’Ivoire, involving an upfront cash payment of $62 million. This strategic acquisition is set to substantially boost Empress Royalty's gold ounces, revenue, and cash flow, leveraging a robust credit facility to secure a stake in a proven producer with over 3 million ounces of historical output. The complex, multi-tiered streaming deal, announced on September 18, 2026, positions Empress for long-term growth and enhanced value creation within the global mining investment landscape.

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Lahontan Gold signs agreement to acquire Emergent Metals

<p></p> <p>Lahontan Gold announced on September 17, 2026, its agreement to acquire Emergent Metals, a move poised to consolidate its ownership of the pivotal West Santa Fe project and significantly expand its land position within Nevada's highly prospective Walker Lane trend. This all-share transaction, valued at C$0.115 per Emergent share, will eliminate approximately C$2.39 million in future payments and a 1% net smelter return royalty, while adding the strategic New York Canyon project and other valuable assets to Lahontan's portfolio.</p> <p>

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Almonty and Sandvik’s WBH sign Spanish tungsten supply deal

Almonty Industries has secured a multi-year, take-or-pay offtake agreement with Sandvik Group subsidiary Wolfram Bergbau und Hütten (WBH) for tungsten concentrate from the reprocessing of tailings at its Los Santos Mine in western Spain. This strategic deal, involving a conditional $3 million payment from WBH, aims to restart operations at the mine, providing critical EU-origin tungsten feedstock ahead of new US defense procurement regulations taking effect in January 2027. The agreement highlights a growing industry focus on supply chain provenance and resource recovery through reprocessing.

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Sudan mine collapse death toll hits 60 as rescue efforts continue

A tragic gold mine collapse in Sudan’s West Kordofan state has claimed the lives of at least 60 artisanal miners, with reports indicating more than 70 dead or missing. The incident at the al-Zara mine in the Fouja area highlights the severe safety deficiencies prevalent in Sudan's informal mining sector, where dangerous conditions and a lack of proper equipment continue to result in significant loss of life. Rescue efforts have been significantly hampered by unstable ground and the absence of specialized teams, drawing urgent attention to the systemic challenges facing one of Africa's leading gold-producing nations.

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Chancery Royalty agrees $20m royalty financing to Fulcrum Metals

Chancery Royalty has agreed to a non-binding term sheet to provide $20 million in royalty financing to Fulcrum Metals, alongside a £200,000 strategic equity investment. This pivotal agreement centers on a 5% net smelter return royalty on gold production from Fulcrum’s Teck-Hughes project in Kirkland Lake, Ontario, and is contingent on the successful pilot-scale testing of an innovative cyanide-free gold recovery process from historic mine tailings. The deal underscores a growing industry focus on sustainable mining practices and the strategic value of reprocessing mine waste.

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Can hydrogen become platinum’s next big market?

The global shift towards battery-electric vehicles poses a significant structural challenge to platinum demand, historically reliant on autocatalysts. While the hydrogen economy presents a promising new market for platinum in proton-exchange membrane technologies, its nascent stage and inherent scaling challenges mean it faces an uphill battle to absorb projected declines in automotive demand. This complex interplay of declining traditional markets and emerging opportunities creates a nuanced outlook for platinum producers and investors.

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Tungsten West to relaunch Hemerdon mine by early 2027

Tungsten West is set to relaunch its Hemerdon tungsten mine in Devon, England, targeting full-scale production by the first quarter of 2027. This restart, supported by a significant investment from the UK's National Wealth Fund, will leverage advanced TOMRA XRT ore sorting technology to optimize processing and reduce environmental impact. The project aims to provide a critical non-Chinese source of tungsten for European markets, addressing growing demand and strategic supply chain concerns.

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Ongwe Minerals begins drilling at Nguni gold prospect in Namibia

Ongwe Minerals has commenced its maiden drilling program at the Nguni gold prospect, part of its Omatjete Gold Project in Namibia. This significant development follows the discovery of a substantial 6km-long, high-grade gold-in-soil anomaly in May 2026. The comprehensive 5,000-meter, two-phase drilling campaign aims to delineate mineralization, test strike extensions, and build on successful exploration methodologies within a geologically promising region known for its gold endowment.

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Unicorn Mineral Resources to acquire 75% stake in QGC Namibia

Unicorn Mineral Resources has strategically moved into potential near-term copper production by signing an agreement on September 16, 2026, to acquire a 75% stake in Q Global Copper Namibia (QGC Namibia). This acquisition grants Unicorn control over exclusive prospecting licenses EPL5851 and EPL7958, which span 6,536 hectares and encompass the historic Klein Aub Copper Mine, along with significant surface tailings and slimes. The transaction, valued at an initial $368,637 (R6 million), positions Unicorn in the highly prospective Kalahari Copperbelt with access to established infrastructure and immediate processing opportunities.

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U.S. Secretary of Energy Chris Wright Delivers U.S. National Statement at the General Conference of the International Atomic Energy Agency in Vienna, Austria

U.S. Secretary of Energy Chris Wright recently delivered a pivotal address at the 70th IAEA General Conference in Vienna, outlining an ambitious "American nuclear renaissance." This initiative, spearheaded by President Trump, aims to add 300 gigawatts of new nuclear capacity by 2050 through streamlined regulations, advanced reactor deployment, and AI-driven innovation. The U.S. reaffirms its commitment to global nuclear safety, security, and nonproliferation, with significant implications for the international uranium mining and nuclear fuel cycle sectors.

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Ethiopia’s Oromo Liberation Army warns mining operators after Tulu Kapi incident

The Oromo Liberation Army (OLA) has issued a stern warning to mining companies operating in Ethiopia’s Oromia region, demanding direct local community involvement and stringent environmental standards following a fatal incident at KEFI Gold and Copper’s Tulu Kapi project on September 4, 2026. This development has led KEFI to suspend its gold project, prompting a re-evaluation of security and community engagement protocols across the extractive sector in a politically sensitive region. The OLA’s demands underscore the critical importance of social license to operate and robust community relations for any mining endeavor in Ethiopia.

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US explores access to Venezuela’s mineral sector

The United States is actively exploring avenues to significantly increase its access to Venezuela’s mineral sector, including substantial deposits of gold, iron ore, bauxite, and nickel. This strategic move, which builds upon recent engagement in Venezuela’s oil industry, aims to facilitate new US investment in critical minerals and counter growing Chinese influence in Latin America. However, the sector faces considerable challenges, including outdated geological data, widespread illegal mining, and historical investor uncertainty.

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Orogen Royalties secures Serpent gold claims in central Nevada

Orogen Royalties announced on September 11, 2026, the acquisition of the Serpent gold project in central Nevada, a district-scale, low-sulphidation epithermal target spanning 18.8km&sup2; across 225 Bureau of Land Management claims. The project, established in collaboration with Altius Minerals, features an undrilled core Cobra structural corridor exhibiting surface gold values up to 0.95 grams per tonne, indicating significant potential within a highly prospective region. Orogen plans to make the project available for option or sale, aligning with its generative royalty business model.

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Mako Mining signs mineral agreement for Guyana gold project

Mako Mining has finalized a crucial mineral agreement with the Cooperative Republic of Guyana and the Guyana Geology and Mines Commission for its Eagle Mountain Gold Project. This agreement establishes a comprehensive ten-year stability framework, covering legal, fiscal, and operational terms, significantly de-risking the advanced-stage open-pit development in west-central Guyana. The deal, which includes commitments to environmental stewardship and community development, is a vital step toward securing permitting and advancing the 5,050-hectare project towards potential production.

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