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Europe’s biggest reactor caps 14-year delay to begin commercial output

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Bloomberg News | April 16, 2023 | 10:39 am Energy Europe Uranium  The three reactors of Olkiluoto Nuclear Power Plant in Eurajoki, Finland. (Image by Hannu Huovila / TVO, Wikimedia Commons.) Europe’s largest nuclear reactor has begun regular electricity production 14 years later than planned, delivering a boost to the region’s energy independence.  The 1,600-megawatt plant sitting on a rocky island […]

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Gold Fields not pursuing big M&A deals after Yamana disappointment

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Reuters | February 23, 2023 | 8:32 am  Tarkwa mine. Credit: Gold Fields Gold Fields will not be pursuing big acquisitions following its failed bid to buy Canada’s Yamana Gold last year, executives said on Thursday. The world’s top gold producer Newmont’s $16.7 billion bid for Australia’s Newcrest has raised expectations of a wave of mergers and acquisitions

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Teck Resources becomes Teck Metals as it spins off coal unit

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Cecilia Jamasmie | February 21, 2023 | 3:38 am  Elkview is one of Teck’s main steelmaking coal operations. (Image courtesy of Teck Resources.) Teck Resources (TSX: TECK.A, TECK.B) (NYSE: TECK), Canada’s largest diversified miner, announced major changes on Tuesday, switching its name to Teck Metals Corp. and spinning off its multibillion-dollar steelmaking coal unit into a new company

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US, Canadian companies set to soar on Russian uranium ban

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Henry Lazenby | May 17, 2022 | Credit: Energy Fuels Inc. United States and Canadian-based uranium companies are set to soar on a coming Russian production ban in the Western world, GoldSilver.com’s senior precious metals analyst, Jeff Clark, told an industry audience at the VRIC conference in Vancouver on Tuesday. “Uranium is already in a bull

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Vale scores multi-year nickel supply deal with Tesla

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Cecilia Jamasmie | May 6, 2022  Vale’s Voisey’s Bay nickel mine in Newfoundland. Image from Vale. Vale (NYSE: VALE), the world’s top nickel and iron ore producer, has inked a long-term deal with Tesla (NASDAQ: TSLA) that will see the Brazilian miner supplying the electric vehicles (EVs) icon with nickel mined in Canada. Confirming market rumors, the miner said the

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Plunging metals prices expected to rebound in H2 – report

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Henry Lazenby | May 6, 2022 Fitch expects relatively persistently high metals prices should help cushion the credit effects of cost inflation and generally lower production amongst senior miners. (Image courtesy of Consejo Minero.) Enduring covid-19-lockdowns in the world’s largest metal consumer, China, is negatively impacting demand from end-use industries and sentiment towards the complex, resulting in

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Gold’s inflation-haven appeal could mean ‘violent’ run-up ahead, says former Goldcorp execs

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Bloomberg News | October 22, 2021 | 3:44 pm MarketsGold Goldcorp CEO, David Garofalo – Image from Youtube  One after another, commodities from aluminum to natural gas have surged as pandemic aftershocks rattle supply chains. Gold could be next, although for very different reasons. That’s the view of two of the biggest names in Canadian mining — the

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Copper price soars to new high as stockpiles hit 47-year low

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MINING.COM Staff Writer | October 15, 2021 | 8:23 am MarketsTop CompaniesChinaEuropeCopper Inventories available on the London Metal Exchange hit the lowest since 1974. (Stock Image) Copper price hit a record high on Friday as surging power prices threaten to curb supply at a time when exchange stockpiles are at rock bottom. Copper for delivery in December

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Industrial metals blast off as energy crisis drags down supply

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MINING.COM Staff Writer | October 15, 2021 | 11:40 am IntelligenceMarketsEuropeAluminumZinc Credit: Nyrstar The world’s most crucial metals continued to surge higher on Friday, with zinc recording the biggest daily gain in six years after hitting a 14-year high Wednesday and aluminum holding near a 13-year high, as energy shortages continue to disrupt the global supply chain. Producers of industrial metals

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Iron ore price collapses below $100 as China extends environment curbs

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MINING.COM Staff Writer | September 17, 2021 | 9:28 am IntelligenceMarketsTop CompaniesChinaIron Ore (Stock Image) The iron ore price sank below $100 a tonne on Friday for the first time since July 2020, as China’s moves to clean up its heavy-polluting industrial sector spurred a swift and brutal collapse. The Ministry of Ecology and Environment said in

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