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Iron Ore Mining News

43 articles about iron ore mining

Rio Tinto reports increase in iron ore sales in Q2 2026

<p></p> <p>Rio Tinto has reported a robust second quarter and first-half performance for 2026, driven by a 5% year-on-year increase in global iron ore sales and a significant 20% surge in lithium production. The mining giant also revised down its 2026 copper C1 net unit cost forecast due to higher gold prices and productivity gains, demonstrating strategic operational adjustments amidst a complex global environment, even as overall copper production saw a dip in Q2.</p> <p>

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The rise of renewable diesel in lower emission mining

The mining industry is witnessing a significant shift towards renewable diesel (HVO) as a viable "drop-in" fuel alternative to reduce greenhouse gas emissions without compromising operational performance. With global capacity projected to exceed 9 billion gallons annually by 2030, this alternative offers a practical pathway for mines to meet ambitious net-zero targets and interim 2030 emission reduction goals, leveraging existing fleets and infrastructure. Early successes at Imperial Oil's Kearl and Rio Tinto's Kennecott mines demonstrate the fuel's compatibility and efficiency under demanding conditions, positioning it as a strategic option for industry-wide decarbonization efforts.

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CEMI and Marks & Clerk partner on Canadian mining innovation

The Centre for Excellence in Mining Innovation (CEMI) has forged a two-year associate partnership with intellectual property firm Marks & Clerk to serve the Mining Innovation Commercialisation Accelerator (MICA) Network. This collaboration, announced on July 16, 2026, designates Marks & Clerk as the preferred IP provider, offering critical legal, technical, and commercial support to Canadian mining innovators. The initiative is designed to fortify Canada's control over emerging mining technologies and integral intellectual property, thereby bolstering economic stability and securing critical mineral supply chains.

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Nova Minerals completes engineering for Estelle antimony pilot plant

Nova Minerals has completed the engineering and design phase for its antimony pilot processing plant at the Estelle project in Alaska, marking a significant step towards domestic antimony production. The pilot plant, designed to meet military-grade antimony trisulfide specifications established by the US Department of War, will utilize a cleaner hydrometallurgical method with construction commencing this quarter. This development positions Nova Minerals to address the critical mineral supply chain needs within the United States, particularly for defense and high-tech applications.

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Macmahon secures $247m contract for Mt Marion lithium project

<p class="summary">Macmahon Holdings, through its subsidiary Macmahon Underground, has secured a substantial A$355 million (US$247 million) contract to provide comprehensive mining services at the Mt Marion lithium operation in Western Australia. This three-year agreement, announced on July 15, 2026, includes an option for a one-year extension and supports a pivotal expansion by co-owners Mineral Resources and Jiangxi Ganfeng Lithium to transition the mine to underground operations and introduce a new flotation plant, significantly enhancing its role as a global lithium supplier.</p>

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ReElement withdraws from $80m Pentagon loan process

<p> ReElement Technologies, a US rare earths start-up, has withdrawn from a conditional $80 million loan process with the US Department of Defense after failing to meet federal due diligence standards. This decision impacts a broader $700 million critical minerals funding initiative designed to bolster domestic supply chains and reduce reliance on foreign nations, particularly China. The company now intends to prioritize private investment while exploring alternative forms of federal assistance for its critical minerals processing technology. </p> <p>

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Cove Kaz Capital to start site work at Kazakhstan’s Severniy Katpar

Cove Kaz Capital Group is set to commence pivotal site preparation work in July 2026 at its Severniy Katpar tungsten project in Kazakhstan. This activity, including land surveying and the establishment of drill pads, will support the final definitive feasibility study drilling for what is known as the world's largest undeveloped tungsten resource, estimated at 1.4 million tonnes of tungsten trioxide. The project, a joint effort with Tau-Ken Samruk, is strategically positioned to contribute approximately 15% of current global tungsten mine production, marking a significant advancement for the critical mineral supply chain.

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Lowry reserves extend Sandfire’s Black Butte copper mine life to 12 years

Sandfire Resources America has unveiled an updated Preliminary Feasibility Study for its Black Butte copper project in Montana, integrating the new Lowry deposit and extending the mine's projected life to 12 years. This enhancement significantly boosts contained copper reserves to 370,000 tonnes at a 2.6% grade, positioning Black Butte as a pivotal domestic copper asset for the United States, despite showing moderate financial returns on investment.

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Energy Dominance Financing Office Celebrates One Year Since Passage of the Working Families Tax Cuts Act

The U.S. Department of Energy's Office of Energy Dominance Financing (EDF) has marked the one-year anniversary of President Trump’s Working Families Tax Cuts, which expanded the EDF's loan authority to over $250 billion to bolster U.S. energy and industrial leadership. Highlighting significant investments in nuclear power restarts, grid modernization, and critical mineral supply chains, the EDF is driving a national strategy to secure baseload energy, lower consumer costs, and revitalize domestic manufacturing, including a substantial focus on strategic resources and agricultural inputs. This initiative signals a major shift in federal energy policy with profound implications for the mining sector, particularly in uranium, copper, and critical minerals.

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Almonty kicks off processing at Sangdong tungsten mine

Almonty Industries has officially commenced processing plant throughput operations at its Sangdong tungsten mine in South Korea, marking a critical transition from mine development to revenue-generating production. This milestone, announced on July 2, 2026, positions Sangdong, a historically significant tungsten producer, to re-emerge as a major Western supplier amid a robust tungsten pricing environment and increasing global demand for critical minerals. The operation is set to leverage a substantial ore stockpile and a modern processing facility to produce high-purity tungsten concentrate, with a projected mine life exceeding 45 years and the potential to supply 40% of the world's tungsten demand outside China.

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Secretary Wright Applauds End of New Federal Wind and Solar Subsidies

U.S. Secretary of Energy Chris Wright announced the cessation of federal tax credit subsidies for new wind and solar projects not yet under construction, effective July 4, 2026. This policy shift, enacted through the Working Families Tax Cut, concludes over three decades of federal support for these renewable energy technologies, which accounted for approximately three percent of U.S. primary energy consumption in 2025. The decision highlights concerns over land usage, material intensity, transmission infrastructure needs, and the intermittency of wind and solar, signaling a potential redirection in U.S. energy policy with significant implications for the mining sector.

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Government of Canada to provide $352m for Red Chris project

The Government of Canada has announced a significant C$500 million (approximately US$352.2 million) investment to advance the Red Chris Block Cave copper-gold project in British Columbia. This federal funding, provided through the Canada-British Columbia Co-operative Prosperity Agreement, is crucial for moving the joint venture — operated by Newmont (70%) with Imperial Metals (30%) — towards a final investment decision, potentially extending the mine's life by 14 years and creating thousands of jobs. The project, located in the geologically rich Golden Triangle, represents a strategic commitment to Canada's critical minerals sector and robust Indigenous partnerships.

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Energy Secretary Secures Carolinas’ Grid Amid Period of Hot Weather

<p></p> <p>The U.S. Department of Energy (DOE) issued an emergency order on July 2, 2026, authorizing Duke Energy to temporarily override environmental regulations and maximize power output from specified units in the Carolinas. This measure, effective until July 6, 2026, aims to stabilize the regional grid and prevent blackouts amidst unusually high temperatures and burgeoning electricity demand. The decision underscores critical debates around energy reliability, the flexibility of regulatory frameworks, and the foundational role of the mining industry in securing essential power infrastructure.</p> <p>

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Newcore Gold hits above-reserve grade at Nyam deposit

Newcore Gold has reported high-grade gold intercepts at depth from its Nyam deposit, part of the Enchi project in Ghana, signaling potential for significant resource growth. These drill results, occurring below the existing reserve pits and exceeding current reserve grades, underscore the project’s capacity for a larger, higher-grade operation than currently outlined in its recent Pre-Feasibility Study. This development arrives as analysts highlight the uncaptured upside of the Enchi project, particularly through deeper CIL processing, with continued exploration expected to bolster its economic profile and extend its mine life.

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BHP seeks to restart Cerro Colorado mine with $1.5B investment

BHP has initiated the process to restart its Cerro Colorado copper mine in Chile, proposing a significant $1.5 billion investment to extend its operational life by 20 years. This strategic move, announced on July 2, 2026, involves applying for a new environmental permit and pivoting to innovative water solutions, including the use of treated wastewater delivered via a 100 km pipeline, addressing the mine's closure in late 2023 due to water permit denials. The restart signifies BHP's commitment to its Chilean portfolio and long-term copper production amidst evolving regulatory landscapes and increasing demand for sustainable mining practices.

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First Mining Gold secures EA approval for Springpole project

First Mining Gold has secured critical environmental assessment approval from the Canadian government for its Springpole Gold Project in north-west Ontario, following a comprehensive review process initiated in 2018. This federal "Decision Statement" allows the company to advance one of Canada's largest undeveloped gold resources, located 110km north-east of Red Lake, under strict conditions for environmental management and community engagement. The approval is anticipated to be a significant economic catalyst for the region, paving the way for further engineering work and eventual construction.

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Rincon Resources to sell 90% of Lyza Mining to Maverick

Rincon Resources has entered a binding agreement to divest 90% of its interest in Lyza Mining, which holds the West Arunta Project tenements in Western Australia, to Maverick Minerals Australia. This strategic transaction, valued at an upfront A$600,000 with additional deferred payments, allows Rincon to secure capital and retain a free-carried 10% joint venture interest while significantly reducing its exploration funding requirements. The move enables Rincon to reallocate resources towards its other core projects, particularly the Telfer South Gold-Copper Project, underscoring a trend of strategic portfolio optimization within the junior exploration sector.

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Can Brazil become a key rare earth supplier for the West?

Brazil is rapidly emerging as a pivotal contender in the global rare earth supply chain, with its vast resource base and advanced ionic clay deposits offering a strategic alternative to Chinese dominance. Insights from the "Energy Technology" podcast, featuring industry leaders and analysts, highlight the nation's geological advantages, the critical role of magnet rare earths for Western economies, and the significant challenges surrounding financing, permitting, and downstream processing that will determine its success in a competitive international market.

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The UK’s lithium moment: new issue of MINE out now!

The latest issue of <em>MINE</em> digital magazine, published on June 30, 2026, by Alejandro Gonzalez, centers on the dynamic lithium sector, exploring its crossroads after a decade of rapid growth. This comprehensive edition delves into the UK’s potential for a domestic lithium industry, direct lithium extraction advancements in the US, and the critical role of decarbonization technologies and cybersecurity in mining. Additionally, a dedicated Australia supplement provides in-depth analysis on metallurgical coal, uranium expansion, and innovative lithium production in the region, offering vital insights for mining industry professionals navigating evolving global commodity markets and strategic priorities.

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Hancock starts production at $579m McPhee Creek mine

<p class="summary">Hancock Iron Ore has successfully commenced production at its A$840 million ($579 million) McPhee Creek mine in Western Australia's Pilbara region, overcoming regulatory delays to deliver its first ore after nearly 19 months of development. This significant milestone for the Australian mining giant, led by executive chairman Mrs. Gina Rinehart AO, underscores the continued investment and strategic importance of the Pilbara in the global iron ore market, integrating new production with existing infrastructure at the Roy Hill facility.</p>

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Legacy Minerals begins geophysical surveys at Mt Carrington in NSW

<p></p> <p>Legacy Minerals has initiated significant ground geophysical surveys at its Mt Carrington Project in New South Wales, Australia, focusing on the Battery and Mascotte prospects. This dipole-dipole induced polarisation (DDIP) survey, conducted by Fender Geophysics, aims to delineate extensions to high-grade gold, silver, and copper mineralisation identified in previous drilling campaigns. The data gathered is critical for refining geological models and designing subsequent targeted drilling programs, advancing the project towards a new 2026 Mineral Resource Estimate and an upcoming scoping study.</p> <p>

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K2 Gold begins drilling campaign at Mojave Project in California

K2 Gold has commenced its 2026 exploration and drilling campaign at the wholly owned Mojave Project in Inyo County, California, marking a significant milestone for the company. Following federal environmental approval, the program plans for a minimum of 5,650 meters of drilling, initially focusing on the high-priority Dragonfly Zone and later extending to the Newmont Zone. This substantial exploration effort, backed by a $9.8 million budget, aims to expand known gold mineralization across a 4-kilometer strike length, signaling a major push in a historic US gold-producing region.

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Trump Administration Keeps Coal-Fired Power Generation Alive in Colorado

U.S. Secretary of Energy Chris Wright has issued an emergency order to keep Craig Unit 1, a coal-fired power plant in Colorado, operational through September 26, 2026, citing critical grid reliability concerns. This marks the third such directive, reversing a planned shutdown and highlighting a broader federal effort under the Trump administration to prevent the premature retirement of coal-fired generation across the nation, aimed at ensuring affordable and secure electricity access. The move underscores significant policy shifts impacting the U.S. energy landscape and the domestic thermal coal mining sector.

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Alliance Nickel starts vat leach test-work at NiWest project

Alliance Nickel has initiated crucial vat leach test-work on a bulk ore sample from its wholly owned NiWest Nickel-Cobalt Project in Western Australia. This strategic move aims to evaluate vat leaching as an alternative to the heap leaching process outlined in the 2024 Definitive Feasibility Study, potentially reducing significant capital expenditure, particularly the A$310 million allocated for water infrastructure, and offering notable metallurgical benefits. The results, expected in the third quarter of 2026, could significantly enhance NiWest's economic viability and development pathway.

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DOE Announces Travis Kavulla as Bonneville Power Administration Administrator

The U.S. Department of Energy (DOE) has announced Travis Kavulla as the new Administrator and CEO of the Bonneville Power Administration (BPA), effective with his swearing-in on June 29, 2026. This appointment signifies a strategic move to bolster energy infrastructure and grid reliability in the vital Pacific Northwest, a region crucial for various energy-intensive industries, including mining. Kavulla’s extensive experience is expected to further BPA’s mission of delivering affordable, reliable, and secure power, directly impacting operational stability and long-term investment prospects for mineral resource development.

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RCT tech helps historic mine navigate the transition to surface mining

<p></p> <p>In a significant development for Canadian mining, RCT, powered by Epiroc, has been instrumental in the successful transition of a historic, prominent Canadian nickel mine from underground to open pit operations. By implementing advanced agnostic automation, including AutoNav Tele on CAT heavy machinery and specialized safety systems like Geofence Zones, the project has not only enhanced operational safety amid the complexities of mining above old voids but also significantly improved operator comfort in extreme weather conditions. This initiative, completed last year, sets a precedent for modernizing brownfield sites and underscores the critical role of innovative technology in extending mine life and ensuring worker well-being in challenging environments.</p> <p>

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REalloys raises $100M via institutional placement

REalloys, a Euclid, Ohio-based company, has successfully secured $100 million through an institutional share placement, earmarking these funds for the development of its ambitious vertically integrated rare earth magnet supply chain. This strategic capital injection aims to establish domestic industrial independence for critical defense-grade materials, supported by upstream assets like Hoidas Lake and a significant 15-year offtake agreement for heavy rare earth concentrates from Greenland's Tanbreez project. The financing announcement closely precedes reports that REalloys may construct a rare earth separation facility at the Toole Army Depot in Utah, signalling robust US government support for critical mineral reshoring efforts despite a temporary dip in REalloys' stock price following the news.

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American Ocean Minerals finishes first offshore exploration mission in Cook Islands

American Ocean Minerals Corporation (AOMC) has successfully completed Expedition 7 in the Cook Islands, a critical research mission focused on environmental baseline studies and resource refinement for future deep-sea mineral exploration. This significant milestone, which involved comprehensive data collection using the refurbished MV <em>Anuanua Moana</em>, supports the company's ambition to transition polymetallic nodule assets from exploration to potential commercial harvesting. The expedition's findings are central to upcoming environmental impact statements and pre-feasibility studies, reinforcing AOMC's strategic partnership with Odyssey Marine Exploration and its commitment to responsible deep-sea resource development.

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Endurance Gold hits high-grade step-outs at Reliance project

Endurance Gold has reported significant high-grade gold intercepts from its 2026 drill program at the Reliance project in southern British Columbia, with results positioning mineralization outside the current inferred resource for potential future inclusion. These new findings, including 14.7 metres grading 7.67 grams gold per tonne, are crucial as the company progresses towards a Preliminary Economic Assessment this year, signaling a strategic shift from discovery to development at the promising Bridge River camp asset. The exploration success aims to upgrade and expand the existing 1.45 million ounce inferred resource, reinforcing Endurance's growth trajectory in the Canadian gold sector.

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Deutsche Bank cuts Q3 gold price target by 22%

Deutsche Bank has significantly revised its near-term gold price targets, cutting its third-quarter 2026 forecast by 22% to $4,300 per ounce, citing Federal Reserve policy repricing and resilient U.S. economic data. While still projecting price increases above current levels by year-end, the adjustment reflects growing macroeconomic headwinds, impacting market sentiment and strategic planning across the global mining industry.

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Aclara Resources gets environmental OK for Chile rare earths project

Aclara Resources has secured the final environmental approval for its Penco Module rare earths project in Chile, a significant milestone after more than four years of permitting bureaucracy. This development positions Aclara to become a key player in establishing a Western vertical rare earth supply chain, with the project projected to produce 774 tonnes of rare earth oxides annually over 14 years. The company now aims to finalize permitting and begin construction in early 2027, highlighting the broader need for governmental coordination to capitalize on critical minerals demand in Latin America.

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Jindalee Lithium inks stewardship MoU for McDermitt project

<p></p> <p>Jindalee Lithium, through its 100%-owned U.S. subsidiary HiTech Minerals, has signed a Memorandum of Understanding with the nonprofit organization RESOLVE. This agreement aims to explore the establishment of a voluntary Stewardship Area in the broader Oregon-Nevada caldera region, focusing on improved environmental outcomes alongside responsible lithium development at the McDermitt project. The initiative underscores a growing industry trend towards integrating environmental stewardship and community engagement into critical minerals project advancement, especially as Jindalee prepares to spin out its U.S. lithium assets into a new Nasdaq-listed company called US Elemental.</p> <p>

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Anglo Asian Mining appoints Worley for Azerbaijan feasibility studies

Anglo Asian Mining has formally appointed Worley Europe to conduct comprehensive feasibility studies for its Xarxar and Garadag copper deposits in Azerbaijan, aiming for completion by mid-2027 and H1 2028, respectively. This pivotal move signifies Anglo Asian's strategic intent to establish on-site copper metal production through advanced processing methods, marking a significant step towards becoming a mid-tier, multi-asset copper and gold producer and potentially the first such operation in Azerbaijan. The initiative is supported by an extensive 90,000-meter drilling program for 2026-2027, underpinning resource updates and project design.

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enCore Energy gets BLM approval for Dewey Burdock infrastructure

enCore Energy has received final approval from the Bureau of Land Management (BLM) for initial infrastructure construction at its 100%-owned Dewey Burdock Uranium in-situ recovery (ISR) project in South Dakota. This significant milestone, following a thorough Environmental Assessment, allows for the development of essential access roads, four groundwater monitoring wells, and power lines across approximately 240 acres of public land. The project, utilizing environmentally sensitive ISR methods, is integrated into the federal "Fast 41 programme" to expedite critical mineral development, underscoring its strategic importance for bolstering domestic US uranium production.

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Silver Storm secures permits for La Parrilla mine drilling

Silver Storm Mining has recently secured crucial drilling and operational permits from Mexico's federal agency SEMARNAT for its wholly owned La Parrilla Silver Mine Complex in Durango State. These approvals enable an extensive 2026 exploration program targeting resource expansion and upgrades at the C340 and 14 Marcos areas, involving approximately 6,600 meters of surface drilling. Additionally, the company received a ten-year extension for its tailings storage facility, a vital permit ensuring the continued environmental compliance and operational stability of the past-producing asset.

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The Department of Energy Applauds FERC’s Action on Large Load Interconnection Reform

The U.S. Department of Energy (DOE) has lauded the Federal Energy Regulatory Commission's (FERC) recent directive, issued on June 18, 2026, compelling the six regional grid operators to reform or justify their interconnection tariffs for data centers and other large energy users. This significant action, initiated at the direction of U.S. Secretary of Energy Chris Wright, aims to accelerate the provision of power essential for American innovation, national security, and economic growth, while safeguarding ratepayers against unjust cost shifts. For the mining industry, a major electricity consumer, these reforms promise swifter project development, more predictable operating costs, and enhanced energy reliability crucial for meeting escalating domestic and global mineral demands.

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Goldgroup begins 24,000m of drilling at San Francisco project

Goldgroup Mining has commenced a significant 24,000-meter diamond core drilling program at its wholly owned San Francisco gold project in Sonora, Mexico, marking the first new drilling at the site in several years. Funded by internal resources at an estimated budget of $8 million (C$11.33 million), this exhaustive campaign aims to update the resource model, optimize the mine plan, and gather critical technical data in preparation for restarting gold production by late 2026 or early 2027. The project, already fully permitted with existing open pits and heap leach facilities, positions Goldgroup for a potentially rapid and cost-effective re-entry into production, leveraging a strong gold market and the prospect of significant resource expansion.

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Trump Administration Keeps Indiana Coal Plants Open to Ensure Grid Reliability and Minimize Electricity Costs

The U.S. Department of Energy has issued emergency orders to keep two critical Indiana coal plants, R.M. Schahfer and F.B. Culley generating stations, operational from June 22, 2026, through September 19, 2026. This directive, following initial orders from December 23, 2025, aims to ensure grid reliability, minimize electricity costs, and prevent blackouts in the Midwest, highlighting persistent concerns over escalating energy demand and the rapid retirement of baseload power generation. The decision underscores a broader Trump Administration effort to preserve coal-fired capacity nationally, impacting energy policy, grid stability, and offering a critical, albeit temporary, lifeline to the coal mining sector.

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Goldman cuts gold price forecast down to $4,900

<p></p> <p>Goldman Sachs has significantly revised down its gold price forecast for the end of 2026 to $4,900 per ounce, a $500 reduction from its previous $5,400 target. This adjustment reflects a heightened probability of the US Federal Reserve implementing interest rate hikes rather than cuts, a hawkish shift underscored by new Chair Kevin Warsh's recent policy pronouncements. The revision, coming amidst a substantial decline in gold prices from their January highs, signals a potentially more challenging environment for the non-yielding precious metal, with crucial implications for mining companies and investors navigating increased market volatility.</p> <p>

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Newmont’s Red Chris underground expansion gets regulatory green light

Newmont's Red Chris mine in British Columbia has secured crucial regulatory approvals for its transition from open-pit to underground block caving operations, extending its projected lifespan into the mid-2040s. This significant milestone, achieved through a consent-based process with the Tahltan Nation, paves the way for a final investment decision later this year and underscores the project's substantial economic benefits, job creation, and strategic importance for Newmont's global portfolio and Canada's copper production.

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Mining’s nuclear reality check: SMRs are still not on miners’ shopping lists

Despite the theoretical alignment of small modular reactors (SMRs) with the power needs of remote, off-grid mining operations, a recent industry survey indicates that mining companies are not prioritizing nuclear technology. While SMRs offer firm, low-carbon electricity, the complexities of licensing, financing, and long-term liabilities currently place them well behind conventional renewables and energy storage on miners’ investment lists. This article explores the current reluctance, the distinct appeal, and broader utility-led initiatives that may eventually bring nuclear power to mining regions.

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Trinity Metals doubles US tungsten concentrate supply to 20%

Rwanda's Trinity Metals has announced a substantial increase in its tungsten concentrate exports to the United States, now accounting for up to 20% of America's primary tungsten consumption. This strategic uplift, driven by a 2025 agreement with Global Tungsten & Powders and an offtake partner Traxys, underscores a growing industry shift towards diversified, traceable supply chains for critical minerals, particularly as demand for defense and industrial applications rises and global supply dynamics evolve.

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The future of bioleaching in mining

Bioleaching, a method utilizing microorganisms to extract metals, is rapidly gaining prominence as the mining industry grapples with declining ore grades, escalating demand for critical minerals, and intense pressure to decarbonize. Advances in molecular biology, coupled with strategic integration into existing mining flowsheets, are expanding its application beyond traditional copper and gold, particularly towards the economic recovery of valuable metals from complex waste streams. This re-emergence positions bioleaching as a critical technology for enhancing supply chain security and mitigating environmental liabilities in the evolving global mining landscape.

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