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RSS Articles Archives – The Assay

  • Leading by Example – Fortuna Silver Mines Redefines Responsible Mining 26 February, 2024
    Despite its negative and dated reputation, many mining companies today abide by stringent environmental, social, and government (ESG) frameworks, ensuring significantly safer and cleaner operations than before. Fortuna Silver Mines Inc (TSX: FVI | NYSE: FSM) is one such example — a Canadian-based precious metals and mining company operating out of both Latin America and […]
  • Deep-Seabed Mining ‘Inevitable’ According to International Seabed Authority 26 February, 2024
    Deep-sea mining is likely “inevitable”, said the secretary-general of the International Seabed Authority (ISA) Michael Lodge, in an interview with CNBC. Advocates of deep-seabed mining have risen to numbers not seen in decades about the controversial industry’s potential role in the energy transition. “One of the main drivers of industrial interest is the potential to […]
  • Rio Tinto Board Green Lights Huge US$6.2B Simandou Project 23 February, 2024
    Big news has been announced by Rio Tinto as its board of directors gives the go-ahead for the long-delayed Simandou Iron Ore Mine. CEO, Jakob Stausholm, told the Financial Times on Wednesday that the company intends to launch iron ore production from the US$20B development as early as 2025, “the board yesterday approved the largest mining project […]
  • Transitioning to Tomorrow: The Top Five Challenges in the Global Shift to Clean Energy 23 February, 2024
    As the world accelerates towards a net-zero emissions future, challenges are becoming increasingly apparent. Wood Mackenzie’s Future Facing Commodities Forum shed light on key factors shaping the future of critical minerals like lithium, cobalt, copper, nickel, and rare earths. Here are five challenges that define the trajectory of the global shift to clean energy: 1. […]
  • The Assay Weekly Roundup: 15 Feb to 21 Feb 22 February, 2024
    Welcome to a roundup of some of our financing, exploration, and development stories on over the last week. To keep up to date with all the latest headlines, subscribe to our weekly newsletter. Financing and M&A This week, Marvel Discovery Corp. (TSXV: MARV | FSE: O4T | OTCQB: MARVF) has closed the final tranche of […]
  • Giants Unite: Aurubis and Codelco Forge Partnership to Drive Responsible Copper Production 21 February, 2024
    Europe’s largest copper producer, Aurubis AG, has joined forces with Chile’s state-owned copper miner, Codelco, in a cooperative agreement aimed at promoting responsible copper production practices. This collaboration follows last years signing of a memorandum of understanding (MoU), renewing the German-Chilean raw material alliance, with both companies intending to work together towards creating a more […]
  • SolGold Plc Knocks Hefty US$1B Off Upfront Costs for Cascabel Project 20 February, 2024
    Copper-gold producer, SolGold, has reduced its capital expenditure in a newly completed pre-feasibility study (PFS) for its flagship Cascabel Project by a whopping US$1B. The updated PFS supports a phased block cave mine, which is 100%-owned through SolGold’s Ecuadorian subsidiary, Exploraciones Novomining S.A. (ENSA). Compared to previously considered development scenarios, the phased approach block cave mine requires […]
  • South32 Invests Historic US$2.16B into Hermosa Project 20 February, 2024
    Australian mining company, South32 (ASX: S32 | LON: S32) is set to invest US$2.16B to develop the Hermosa project in Arizona, currently the only advanced US mining project with the capacity to produce zinc and manganese — two federally designated critical minerals. “Today’s investment decision represents a major milestone for our business and aligns with […]
  • Australia Adds Nickel to Critical Minerals List, Supporting a Struggling Industry 16 February, 2024
    In a noteworthy move, Australia has classified nickel as a critical mineral, granting the rocky industry access to billions of dollars’ worth of government loans. The list now includes some 30 minerals or groups of minerals covering commodities necessary to the country. Resources minister Madeleine King acknowledged the challenges faced by the nickel industry, citing […]
  • Another Day, Another Development for the LME 16 February, 2024
    The London Metal Exchange (LME), fresh from its legal victory over the 2022 nickel crisis, is preparing for yet another appearance at London’s High Court. Two activist groups, the London Mining Network (LMN) and the Global Legal Action Network (GLAN), are accusing the LME of enabling the sale of environmentally harmful metals, which they claim […]