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Iron Ore Mining News

23 articles about iron ore mining

Secretary Wright Arrives in Caracas to Further President Trump's Historic Energy Deal

U.S. Secretary of Energy Chris Wright arrived in Caracas on February 11, 2026, marking a pivotal moment for "President Trump’s historic U.S.-Venezuela Energy Deal." This high-level visit involves engagements with interim Venezuelan leadership, including interim President Delcy Rodriguez, local business leaders, and on-site assessments of the nation's oil fields, all aimed at restoring prosperity, safety, and security for Venezuela, the United States, and the broader Western Hemisphere. The initiative holds significant implications for global energy markets, geopolitical stability, and the interconnected mining industry, influencing everything from energy costs to regional investment climates.

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Eureka Lithium acquires Cabin Lake and Tyee Projects in Canada

Eureka Lithium has significantly diversified its asset base by acquiring 100% stakes in the polymetallic Cabin Lake Project in British Columbia and the titanium-vanadium Tyee Project in Quebec. This strategic move, completed through the purchase of Stairway Mining for 9.1 million common shares and potential C$1 million in milestone payments, expands Eureka's exposure beyond lithium into critical minerals essential for defense, electrification, and advanced manufacturing within mining-friendly Canadian jurisdictions. The acquisition signals Eureka's intent to grow into a multi-commodity exploration company, leveraging the geological potential and existing infrastructure of these promising Canadian assets.

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Energy Department Announces $175 Million to Modernize Coal Plants, Keeping Affordable Reliable Power Online for Americans

The U.S. Department of Energy (DOE) has allocated $175 million across six projects aimed at modernizing and extending the operational life of coal-fired power plants serving rural and remote U.S. communities. This initiative, part of a broader $525 million effort, seeks to enhance grid reliability, secure affordable electricity, and preserve high-wage energy jobs, particularly in Appalachia, marking a significant policy shift to reinvigorate the domestic coal industry.

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Secretary Wright Delivers Remarks Alongside Interim Venezuelan President Delcy Rodriguez

U.S. Secretary of Energy Chris Wright announced on February 11, 2026, a significant shift in U.S. policy towards Venezuela, signaling a renewed focus on commerce, peace, and prosperity through economic engagement. Following meetings with Interim President Delcy Rodriguez in Caracas, Secretary Wright detailed President Trump's agenda to dramatically increase Venezuelan oil, natural gas, and electricity production through an expedited licensing process. Crucially for the mining industry, Wright also highlighted Venezuela's "immense" natural resources in "mining, minerals," indicating a broader strategic intent to unlock the country's full resource potential and create substantial investment opportunities for U.S. and international firms.

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Energy Department Announces 26 Genesis Mission Science and Technology Challenges to Accelerate AI-Enabled American Innovation and Leadership

The U.S. Department of Energy (DOE) announced on February 12, 2026, the launch of 26 pivotal science and technology challenges under its Genesis Mission, aimed at harnessing artificial intelligence (AI) to accelerate innovation across energy, national security, and discovery science. This ambitious initiative, driven by Presidential Executive Orders, seeks to double the pace of U.S. research and development within a decade by integrating AI with world-class facilities and public-private partnerships, offering substantial implications for the mining industry's operational efficiency, resource discovery, and technological advancement.

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Energy Secretary Keeps Critical Generation Online in Mid-Atlantic

The U.S. Department of Energy (DOE) has again intervened to prevent the shutdown of crucial natural gas and oil-fired generation units at the Eddystone Generating Station in Pennsylvania, issuing an emergency order on February 23, 2026. This directive, targeting Units 3 and 4, mandates PJM Interconnection and Constellation Energy Corporation to keep the units online from February 24, 2026, to May 24, 2026, citing persistent critical grid reliability concerns in the Mid-Atlantic region. The move underscores growing challenges in maintaining stable power supply amidst an evolving energy landscape, with significant implications for energy-intensive industries like mining.

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Energy Department Approves Export Expansion at Corpus Christi LNG

The U.S. Department of Energy, under Secretary Chris Wright, has authorized a significant 12% expansion of liquefied natural gas (LNG) exports from Cheniere Energy's Corpus Christi terminal, adding 0.47 billion cubic feet per day (Bcf/d) dedicated to non-Free Trade Agreement countries. This approval, announced February 26, 2026, elevates Corpus Christi to the nation's second-largest LNG export project with a total capacity of 4.45 Bcf/d, further solidifying the United States' position as the world's leading LNG exporter and creating substantial demand for mining sector products.

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Atlas Salt, Sandvik expand collaboration for salt project in Canada

Atlas Salt has expanded its agreement with Sandvik Mining to supply equipment, technology, and services for the Great Atlantic Salt Project in Newfoundland and Labrador, Canada. The updated collaboration, now valued at approximately $132 million, addresses all construction and ramp-up requirements as outlined in the latest feasibility study, including vendor-backed financing options.

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Basin Energy to sell Marshall Uranium Project to GCC

Basin Energy has executed a definitive mineral rights sale and purchase agreement (SPA) to fully transfer its Marshall Uranium Project in Saskatchewan, Canada, to Green Canada Corporation (GCC), a subsidiary of PTX Metals. The transaction, valued at C$600,000 in cash and C$300,000 in shares over specified periods, is contingent upon GCC's reverse takeover of Maackk Capital, a C$2.5 million financing, and a public listing. This strategic move allows Basin Energy to unlock value from the project while retaining significant upside potential through equity interest, a buyback option, and exploration commitments from GCC.

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29Metals awards Gossan Valley mining contract to Byrnecut

29Metals has awarded Byrnecut Australia a four-year underground mining contract for the Gossan Valley project, part of the Golden Grove operations in Western Australia. The project features an initial six-year mine life, with ore reserves of 1.2 million tonnes and a combined mineral resource of 5.6 million tonnes, supporting ongoing production at Golden Grove.

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Vale iron ore strategy targets India

Vale is shifting its iron ore sales strategy to target increased demand from India and other Asian markets amid stable demand in China. The company reported its highest iron ore output since 2018, and is advancing significant capacity expansions in Brazil to support this market shift.

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Marubeni invests in Australian critical minerals project with RZ Resources

Marubeni has invested A$15 million for up to a 5% equity stake in RZ Resources’ mineral sands project in Australia, targeting the production of critical minerals including rutile, ilmenite, zircon, and monazite. The partnership encompasses mine development, plant upgrades, and improvements to feasibility and environmental documentation, with support from JX Advanced Metals and potential financing from US and Australian export credit agencies.

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China suspends ban on gallium, germanium, antimony exports to US

China has suspended its ban on exports of gallium, germanium, and antimony to the US, though export controls and licensing requirements remain in place. This regulatory adjustment restores partial US access to key minerals critical for semiconductor and defense industries, with the suspension scheduled to last until November 27, 2026.

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