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Molybdenum Mining News

52 articles about molybdenum mining

John Crane signs three-year reliability deal with Saudi phosphate company

<p><strong></strong></p> <p>John Crane, a leading flow-control technology company, has formalized a three-year managed reliability program with a major phosphate mining and fertilizer producer in Saudi Arabia, announced on October 27, 2026. This strategic agreement is designed to significantly enhance equipment reliability and reduce unplanned operational disruptions at the customer's remote sites, leveraging dedicated on-site expertise, fixed-fee seal overhauls, the establishment of a new workshop, and comprehensive technical training. The initiative underscores a critical industry focus on optimizing asset performance and managing maintenance expenditures more predictably in capital-intensive sectors.</p> <p><strong>

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West Wits to drill 17 holes at Bird Reef Central in Johannesburg

<p></p> <p>West Wits Mining is embarking on a significant 17-hole diamond drilling program at its Bird Reef Central uranium-gold project in Johannesburg, South Africa, commencing by late November 2026. This 5,750-meter, three-stage initiative aims to establish an initial uranium mineral resource estimate and enhance the existing gold resource, with results anticipated progressively through the first half of 2027. Positioned within West Wits' existing Mining Right near its Qala Shallows operation, Bird Reef Central represents a strategic dual-commodity growth option for the company, capitalizing on the Witwatersrand Basin's rich endowment.</p> <p>

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Kazakhstan and Guyana Join International Coalition Calling for Delay of EU Methane Regulation

Kazakhstan and Guyana have formally joined an international coalition, including Algeria, Nigeria, Qatar, and the United States, urging the European Union to delay and amend its Methane Regulation (EUMR). This growing alliance, representing a significant portion of Europe’s crude oil and natural gas imports, seeks to establish a pragmatic compliance framework that ensures regulatory certainty for energy suppliers while safeguarding Europe's energy security and competitiveness. The move highlights critical concerns regarding the EUMR's current framework and its potential impact on global energy trade.

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Slam Exploration drills two holes at Moose Lake project

Slam Exploration has successfully completed an initial two-hole diamond drill program totaling 224.5 meters at its Moose Lake Gold-Antimony-Silver Project in New Brunswick, Canada. This campaign, targeting the prospective 4.7-kilometer Moose Lake Fault Zone, follows promising trenching results that indicated high-grade antimony, gold, and silver mineralization, signaling significant potential for critical mineral discovery in the historically underexplored area. The company is currently awaiting assay results as it plans further investigations into metal zoning and extensions of the mineralized system.

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Beat the breakdown: Four ways to keep conveyors moving

<p></p> <p>Underground conveyor systems are the indispensable arteries of subterranean mining operations, yet their vulnerability to recurrent failures poses significant threats to productivity, safety, and profitability. This article delves into four critical strategies for enhancing conveyor reliability: proactive belt protection, advanced monitoring technologies, optimized material transfer, and comprehensive training. By implementing these integrated approaches, mining companies can significantly reduce unplanned downtime, safeguard operational efficiency, and free up valuable maintenance resources for planned, preventative interventions.</p> <p>

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Talisman Metals reports drill results from Morocco’s Tirzzit Project

Talisman Metals has announced encouraging initial assay results from its 2026 exploration campaign at the Tirzzit Project in Morocco, revealing consistent copper-silver mineralization within Late Precambrian sedimentary strata. These early findings, including significant intercepts of up to 1.56% copper and 64 g/t silver, confirm the project's prospectivity and will inform a future resource estimate. The ongoing drill program, coupled with recent acreage expansions, positions Tirzzit as a potentially significant stratiform copper-silver asset in a geopolitically stable and increasingly attractive mining jurisdiction.

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Energy Department Designates Helium as Critical Material to Strengthen American Manufacturing and Supply Chain Security

<p></p> <p>In a move to fortify domestic manufacturing and secure critical supply chains, the U.S. Department of Energy (DOE) officially designated helium as a critical material on October 23, 2026. This decision, announced by Secretary of Energy Chris Wright, underscores helium's indispensable role in semiconductor production and advanced energy technologies, with global demand currently outpacing supply. The designation aims to leverage America's abundant helium resources, address refining capacity limitations, and streamline permitting to reduce reliance on foreign sources and bolster U.S. economic and national security.</p> <p>

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Questcorp to acquire final 49% in North Island Project, Canada

Questcorp Mining is set to acquire the remaining 49% interest in its North Island Copper Project in British Columbia, Canada, moving to 100% ownership. This strategic consolidation, involving a cash payment of C$110,000 and the issuance of 250,000 common shares, positions Questcorp for full operational control and streamlined development of the 1,168-hectare property, alongside its active exploration at the La Union Project in Mexico.

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Thiess secures two five-year mining contracts in Mongolia

Thiess, a global leader in contract mining, has secured two significant five-year contracts in Mongolia, encompassing underground services at Rio Tinto's Oyu Tolgoi copper-gold mine and Coal Handling and Preparation Plant asset management for Energy Resources' Ukhaa Khudag coal mine. These agreements solidify Thiess's long-standing presence in the crucial Mongolian mining sector, particularly highlighting its expanded role in Oyu Tolgoi's complex underground operations which will become its largest worldwide, and underscore its expertise across diverse commodities and operational challenges.

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Energy Department to Use Defense Production Act Funding to Restart American Refinery and Expand Refining Capacity

The Trump administration, on October 22, 2026, announced a significant initiative to bolster domestic petroleum refining capacity by allocating up to $150 million in Defense Production Act Title III funding. This move, championed by President Donald J. Trump and U.S. Secretary of Energy Chris Wright, aims to expand the production, storage, and logistics of gasoline, diesel, and jet fuel across the United States, promising increased energy security and potentially lower fuel prices for American consumers and businesses. The investment underscores a strategic shift towards "energy addition policies" and is deemed critical for national defense, presenting broad implications for energy-intensive sectors like mining.

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Metals One agrees terms to acquire full stake in Lions Bay Resources

Metals One has announced a binding term sheet to fully acquire Lions Bay Resources (LBR), consolidating its ownership of LBR's South African gold and power assets. This strategic move, dated October 23, 2026, aims to establish Metals One at the forefront of a significant gold mining opportunity, primarily centered around the Barbrook Gold Mine, which boasts an historical gold resource of 2.1 million ounces and a targeted production restart within six months. The transaction, involving a combination of debt conversion and a share-for-share acquisition, is designed to streamline operations, facilitate capital market access, and leverage a robust operating team for South African growth.

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Krait secures exclusive option to acquire Nevada mining claims

Krait Critical Minerals has secured an exclusive option to acquire 17 federal mining claims in Humboldt County, Nevada, from Sierra Antimony, targeting a historical high-grade antimony production site. This strategic move, involving staged cash and share payments over two years, positions Krait to expand its critical minerals footprint in the U.S., leveraging antimony's increasing importance in defense, advanced manufacturing, and industrial supply chains. The agreement sets the stage for Krait to conduct technical and geological assessments, aiming to identify future exploration targets on a property known for significant historical antimony output.

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SAGA concludes first drill programme at Labrador Wolverine project

SAGA Metals has successfully concluded its inaugural 3,241-meter diamond drilling campaign at the fully owned Wolverine Heavy Rare Earth Element Project in Labrador, Canada, a significant step in systematically assessing the site's critical mineral potential. The 22-hole program confirmed the presence of target alteration assemblages indicative of rare earth element mineralization across all drilled holes, with two holes, W26-001 and W26-002, revealing extensive altered volcanic rock and a targeted Unit 4 sequence. Alongside drilling, prospecting activities identified new REE-hosting volcanic units, pegmatites, and aplite dykes, significantly expanding the prospective footprint for future exploration, with assay results pending and an induced polarisation survey planned for Q2 2027 to guide further development.

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Gladiator initiates expanded exploration at Whitehorse Copper Project

Gladiator Metals has significantly escalated its exploration efforts at the wholly owned Whitehorse Copper Project in Canada’s Yukon Territory, deploying a fifth drill rig to accelerate definition across the promising 2km Arctic Chief trend. This expanded program, backed by a C$40 million budget for 2026-27, targets near-surface copper mineralization with over 100,000 meters of planned drilling, aiming to establish new resource opportunities and strengthen the project's economic viability. The move signals Gladiator’s commitment to advancing a key Canadian copper asset amidst rising global demand for critical minerals.

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Gordon Mining agrees to acquire Tungsten Tail project in New Mexico

Gordon Mining has announced a definitive agreement to acquire the Tungsten Tail Project in Sierra County, New Mexico, marking a strategic entry into domestic tungsten exploration. This acquisition encompasses 41 unpatented lode mining claims covering approximately 847 acres, situated in a historically active mining district with documented tungsten occurrences. The move positions Gordon Mining to explore a critical mineral resource within the United States, aligning with national priorities for secure supply chains and leveraging historical data and recent geological surveys to guide future drilling efforts.

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Energy Department Advances Constitution Pipeline Project with $42 Million in Defense Production Act Funding

The U.S. Department of Energy (DOE) has announced up to $42 million in Defense Production Act (DPA) Title III funding for the Constitution Pipeline Project, a proposed 125-mile natural gas pipeline stretching from Pennsylvania to New York. This strategic investment, made on October 19, 2026, aims to enhance energy security, reduce costs for consumers and businesses in the Northeast, and bolster the nation's defense industrial base by ensuring reliable access to natural gas. The move underscores a federal commitment to critical infrastructure development and has significant implications for energy-intensive sectors, including the mining industry.

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Volvo Group to launch dedicated mining entity in 2027

Volvo Group has announced the formation of Volvo Mining, a new dedicated business entity set to launch on January 1, 2027. Operating under Volvo Construction Equipment, this strategic move aims to consolidate Volvo's mining trucks, construction equipment, and autonomous solutions into a single unit, addressing the evolving needs and projected growth of the global mining sector. The initiative is designed to enhance customer value by unifying expertise, streamlining product and service portfolios, and coordinating research for greater efficiency, safety, and sustainability in mining operations.

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New Hope to acquire Malabar Resources in $1.2bn deal

New Hope Corporation is set to acquire all outstanding shares of Malabar Resources for approximately A$1.8 billion ($1.2 billion USD) through an all-scrip scheme of arrangement. The transaction, unanimously recommended by both boards, will see Malabar shareholders receive 0.500 New Hope shares for each Malabar share, consolidating 100% ownership of the Maxwell Mine, an 8 million tonne per annum longwall coal operation located adjacent to New Hope’s Bengalla mine in NSW’s Upper Hunter Valley. This strategic move is anticipated to be completed by March 2027, creating a combined entity with a market capitalization of approximately A$6.3 billion and enhancing operational synergies in a key Australian coal basin.

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Kenya must look beyond concentrate to realise Mrima Hill’s potential

An insightful opinion piece dated October 20, 2026, highlights that Kenya's Mrima Hill deposit, rich in strategic minerals like niobium and Rare Earth Elements (REEs), offers a significant opportunity for the nation. Geopolitical analyst Cyril Widdershoven argues that to fully realize the project's economic potential amidst intensifying global competition for critical minerals, Kenya must strategically move beyond merely exporting mineral concentrates and establish robust in-country processing capabilities for these valuable resources. This shift is crucial for maximizing the economic contribution and securing a prominent role in the global critical minerals supply chain.

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Flynn Gold extends gold-tungsten mineralisation at Firetower Project

Flynn Gold has announced significant assay results from its 2026 drilling program at the wholly owned Firetower Project in northern Tasmania, successfully extending high-grade gold-tungsten mineralization. The latest findings, particularly from drill-hole 2019FTD003E, demonstrate continuity of a polymetallic system comprising gold, tungsten, copper, cobalt, and silver, supporting potential for further expansion. This development precedes planned metallurgical testwork and an initial mineral resource estimate, marking a critical advancement for the project within the prospective Mt Read Volcanic Sequence.

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Yukon Metals identifies copper-gold system at Viper prospect

Yukon Metals has announced the identification of a significant copper-gold-molybdenum porphyry-style hydrothermal system at its Viper Prospect within the AZ Project, located 36km south of Beaver Creek in Canada’s Yukon Territory. The 2026 exploration program, featuring three diamond drill holes totaling 1,948m, confirmed increasing mineralization with depth and revealed alteration assemblages characteristic of world-class porphyry deposits. This discovery marks a pivotal advancement for Yukon Metals, positioning the Viper Prospect as a strong target for future resource definition and development in a region known for its mineral potential.

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Estrella Resources secures approval for first Laleno Dome drilling

Estrella Resources has secured pivotal approval from Timor-Leste’s Autoridade Nacional dos Minerais (ANM) to commence its inaugural drilling campaign at the Laleno Dome. This significant step, announced on October 16, 2026, targets prospective porphyry-style copper-gold mineralization identified through extensive geophysical surveys and surface sampling. With site preparations already underway and drilling slated to begin early next week, this program marks a crucial phase for Estrella Resources in developing its Timor-Leste portfolio, potentially unveiling a new copper-gold discovery in the region.

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Blue Lagoon confirms first finalised gold output from Dome Mountain

Blue Lagoon Resources has confirmed its first finalized gold and silver concentrate production from the Dome Mountain Gold and Silver Mine in British Columbia, Canada. This marks a significant operational milestone, demonstrating the company's full production cycle, from underground mining through milling, concentrate sales, and receipt of provisional payments totaling approximately $11.6 million (C$16.5 million). The initial output yielded 992 ounces of gold and 4,181 ounces of silver from 341.6 dry tonnes of concentrate, with subsequent processing batches showing improved mill-feed grades and high gold recovery rates.

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Atomionics survey matches Indian iron ore estimate using quantum tech

Atomionics, a quantum sensing company, has achieved a significant milestone in mining exploration by matching an existing iron ore resource estimate at an active Indian mine using its quantum gravimeter technology, GRAVIO, combined with a machine learning tool, ORE-O. This breakthrough demonstrated the ability to accurately delineate a deposit within 5% of a figure established by over 30,000 meters of conventional drilling, all within three weeks and without interrupting operations, promising substantial cost and time savings for the global mining industry.

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Systemiq and ERM report assesses future impacts of mining to 2050

<p></p> <p>A recent report by Systemiq and ERM, titled "Future Prospects," developed in partnership with the International Council on Mining and Metals (ICMM) and funded by the Gordon and Betty Moore Foundation, highlights the unavoidable reality that global mining output for critical minerals will need to significantly increase by 2050 across all modeled scenarios. Released on October 15, 2026, the study underscores that despite advancements in material efficiency and recycling, the demand for primary mined materials like copper and lithium will surge, placing immense pressure on environmental resources and necessitating strategic shifts in industry practices and governance to mitigate adverse impacts.</p> <p>

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Tali Resources plans 9,000m drill programme at Don Juan prospect

Tali Resources is set to commence an extensive 9,000-meter aircore drilling program in central Australia, targeting critical mineral potential within the 45-kilometer Don Juan-Alakol alkaline ultramafic intrusive system and the Central Australian Suture. The initiative, scheduled to begin in October, aims to evaluate a total of twelve high-priority geophysical and geological anomalies, with a significant focus on carbonatite-associated mineralization, particularly rare earth elements, niobium, and phosphorus, which are vital for modern technology and green energy transitions.

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SSR Mining to acquire Roxmore Resources in $464m all-cash deal

<p></p> <p>SSR Mining has announced its intent to acquire Roxmore Resources in an all-cash deal valued at approximately $464 million, securing control of the significant Converse gold project in Nevada. This strategic acquisition, positioned near SSR Mining’s existing Marigold operation on the prolific Battle Mountain-Eureka Trend, is projected to substantially boost the company's long-term gold production in the U.S. and leverage existing infrastructure for future development.</p> <p>

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Aurania concludes drilling at Thormódsdalur gold-silver site

Aurania Resources has concluded its 2026 drilling campaign at the Thormódsdalur epithermal gold-silver project in Iceland, completing eight diamond drill-holes totaling 780.70m. This campaign significantly improved core recovery to near 100% compared to previous efforts, crucial for accurate resource definition. The program, a joint venture with St-Georges Eco-Mining and its subsidiary Iceland Resources, focused on twinning historic drill sites and revealed strong geological indicators of a robust epithermal system, with assay results anticipated in November 2026.

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First Au signs binding deal to buy Ida Valley gold project

First Au has announced a binding agreement to acquire the Ida Valley Project, comprising two gold exploration tenements in Western Australia's prolific Eastern Goldfields region, from TechGen Metals. The strategic acquisition, valued at A$200,000 in cash and shares, includes a substantial historical drilling database, which First Au plans to leverage for the rapid establishment of a maiden JORC-compliant mineral resource. This move is a key step in First Au's ongoing strategy to consolidate and expand its project portfolio within the highly prospective Ida Fault district.

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Neotech Metals appoints DRA for Hecla-Kilmer resource estimate

Neotech Metals has engaged DRA Global to conduct a National Instrument 43-101-compliant Mineral Resource Estimate (MRE) and a Preliminary Economic Assessment (PEA) for its Hecla-Kilmer Rare Earth project in Ontario, Canada. This strategic move aims to transform the unique apatite-hosted project from an exploration story into a defined economic prospect, leveraging data from recent drilling campaigns and historical records, and addressing critical processing challenges in the Western rare earth supply chain. The project is notable as North America's only apatite-hosted rare earth development and is evaluating multiple co-products to enhance its economic viability.

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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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The race for AI is becoming a race for critical minerals

The escalating global pursuit of Artificial Intelligence (AI) dominance has ignited a critical new front: the intense competition for essential raw materials, particularly rare earth elements and specialized processing capacity. Ryan Cunningham, CEO of American Mineral Resources, highlights this shift, emphasizing that robust AI infrastructure hinges on secure access to these minerals, making supply chain diversification and international collaborations paramount to reduce reliance on single-source suppliers like China. This evolving landscape presents significant strategic and operational implications for the mining sector worldwide.

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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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Traxys and Abenójar sign El Moto tungsten offtake deal

Traxys Europe and Abenójar Tungsten S.A. have formalized an exclusive, long-term offtake agreement for tungsten concentrate from Spain's El Moto project. This significant deal, announced on October 8, 2026, secures a vital supply of critical raw materials for global industries for at least ten years post-production commencement, directly addressing increasing concerns over global tungsten supply chain resilience, particularly given China's dominant market share and intensifying export controls. The El Moto project, designated as "strategic" under the EU Critical Raw Materials Act, is set to begin production in Q1 2029, with a forecast of over 4,000 tonnes per annum of contained tungsten trioxide.

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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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Energy Department Supports FERC’s Call for PJM to Protect Ratepayers and Build More Reliable Power

The U.S. Department of Energy (DOE) announced its strong support for new guidance from the Federal Energy Regulatory Commission (FERC) aimed at PJM Interconnection LLC, which would mandate large new electricity users pay for the generation and infrastructure required to serve their demand. This move, consistent with President Trump’s Ratepayer Protection Pledge and following a January 2026 call to action, seeks to lower electricity costs for existing customers across the PJM region by preventing them from subsidizing new, energy-intensive loads. For the mining industry, this signifies a critical shift in energy cost allocation, potentially impacting the financial viability and strategic planning of new, large-scale projects within the mid-Atlantic states served by PJM.

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EC names 46 projects to strengthen critical raw material supply

The European Commission has selected 46 strategic projects across 16 Member States, a crucial move to enhance the European Union's critical raw material supply chain. These initiatives, spanning extraction, processing, and recycling, directly support the ambitious targets set by the Critical Raw Materials Act (CRMA) for 2030, aiming to reduce external dependencies for vital materials such as lithium, rare earth elements, and cobalt. This development underscores the EU's commitment to securing resources essential for its battery, defense, and advanced manufacturing sectors, signaling significant opportunities for mining investors and operators within the bloc.

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CleanTech Lithium signs agreements for Antofalla properties in Argentina

CleanTech Lithium has strategically expanded its footprint in Argentina's prolific Salar de Antofalla, securing option agreements for the Genoveva and Sal de Litio 1 properties in Catamarca Province. This move, adjacent to an Albemarle exploration project, reinforces the company's district-scale ambitions and positions it for future resource growth, with a drill program and maiden resource estimate planned for 2027. The acquisition underscores Argentina's growing importance in the global lithium supply chain amidst robust demand from electric vehicle and renewable energy sectors.

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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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Energy Department Announces $4.2 Billion Investment to Boost Nuclear Power and Help Lower Energy Costs in Pennsylvania and Ohio

The U.S. Department of Energy (DOE) has announced a significant conditional loan commitment of up to $4.2 billion to Vistra for nuclear uprates and modernization across its facilities in Pennsylvania and Ohio. This investment, aimed at bolstering grid reliability, lowering energy costs, and meeting rising demand within the 13-state PJM Interconnection region, will preserve nearly 4 gigawatts of baseload power and add 433 megawatts of new nuclear capacity, supporting thousands of jobs and extending reactor lifespans for two decades. The move underscores a national strategy to reinvigorate American nuclear leadership and carries substantial implications for the mining sector, particularly for uranium demand and the supply chains of critical minerals.

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District Metals begins diamond drilling at Sweden’s Viken Property

District Metals has initiated diamond drilling at its Viken Property in central Sweden, focusing on two largely untested target areas, A and B, which exhibit strong conductive anomalies identified by a 2025 MobileMT survey. This drilling campaign, part of the company's 2026 exploration program, aims to further define what is considered the world's largest undeveloped uranium resource, alongside significant quantities of critical base and energy metals. The effort underscores Sweden's growing role in securing vital raw materials for the global energy transition.

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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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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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EBRD provides up to $62m for greener Bulgarian copper mining

The European Bank for Reconstruction and Development (EBRD) has committed up to $61.6 million (€55 million) in financing to Asarel Medet, a Bulgarian copper producer, to modernize and decarbonize its open-pit copper mine in Panagyurishte. This strategic investment, announced on October 6, 2026, aims to boost operational efficiency, reduce greenhouse gas emissions, and enhance corporate governance, aligning with Bulgaria's transition to a greener economy and Europe's critical raw material needs.

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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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Epiroc secures order from Sibanye-Stillwater for South African mine

Epiroc has secured a significant order from Sibanye-Stillwater to supply advanced underground mining equipment for the Siphumelele platinum shaft in Rustenburg, South Africa. This strategic investment, featuring low-profile loaders and versatile utility vehicles, is a cornerstone of Sibanye-Stillwater's initiative to mechanise operations, aiming to enhance safety, boost productivity, and extend the mine's operational lifespan. The agreement underscores a critical industry trend towards modernised mining techniques in challenging narrow-vein environments, reflecting a commitment to sustainable resource extraction and operational efficiency.

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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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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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Solar, wind and tidal for renewable fuels: what the research says

As global industries intensify their decarbonization efforts, particularly in hard-to-abate sectors like heavy transport and industrial processes, research into low-carbon fuels derived from renewable energy sources is gaining critical momentum. This article explores cutting-edge innovations across solar, wind, and tidal energy, focusing on their potential to produce green hydrogen, ethanol, and synthetic fuels without relying on fossil fuels or traditional electrolyzers. We delve into the work of leading researchers and facilities, examining the technical advancements, economic implications, and strategic importance of these developments for the mining sector's sustainability journey.

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The United States Energy Department Continues Execution of Strategic Reserve Release Commitments

The U.S. Department of Energy (DOE) announced on September 29, 2026, a Request for Proposal for an exchange of up to 40 million barrels of crude oil from the Strategic Petroleum Reserve (SPR). This action is part of the ongoing U.S. commitment to stabilize global oil markets and contribute to the 400-million-barrel release coordinated by the International Energy Agency. The exchange mechanism, which requires participating companies to return more oil than they borrow, simultaneously bolsters immediate supply and strengthens the SPR's long-term inventory without taxpayer expense.

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CoTec, Copper Intelligence sign agreement for DRC tailings

<p></p> <p>CoTec and Copper Intelligence have formalized a definitive joint venture agreement, announced on September 30, 2026, aimed at processing historical copper tailings across the Democratic Republic of Congo (DRC), particularly within its renowned Central African Copperbelt. This strategic alliance seeks to unlock significant value from decades of accumulated mining waste, leveraging CoTec’s specialized technologies and rigorous due diligence processes to recover critical copper resources. The initiative aligns with a growing industry trend towards sustainable resource recovery and addresses the increasing global demand for copper, positioning the DRC as a key player in the circular economy for base metals.</p> <p>

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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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