The House will take up Republican legislation this week that could accelerate mining on federal land over the objections of Democrats and conservation groups. The House has scheduled debate on H.R. 4090, the “Critical Mineral Dominance Act,” from Rep. Pete Stauber (R-Minn.), chair of the Natural Resources Subcommittee on Energy and Mineral Resources. The bill would codify certain provisions of President Donald Trump’s executive orders aimed at boosting domestic mining and processing of minerals important to energy, defense and other applications. The House Natural Resources Committee advanced HR 4090, the Critical Mineral Dominance Act, on a recorded vote after a full-markup…
Author: TJ Markle
Eldorado Gold (EGO) announced a pre-market dip of 2.1% following its agreement to acquire Foran Mining (FMCXF) for approximately C$3.8 billion (US$2.8 billion), including debt. The acquisition aims to bolster Eldorado’s copper exposure. Foran shareholders will receive 0.1128 Eldorado shares per Foran share, resulting in Eldorado shareholders owning about 76% of the merged entity. The combined company expects to produce around 900,000 gold equivalent ounces by 2027, supported by projects in Greece and Canada, with anticipated EBITDA of $2.1 billion and free cash flow of $1.5 billion. Eldorado Gold Corp is a gold and base metals producer with mining, development,…
A Vancouver-based mining company says 10 of its employees were abducted from one of its project sites in the city of Concordia in the western Mexican state of Sinaloa, which has been gripped by a cartel civil war since 2024. Vizsla Silver said in a statement posted on its website that “ten individuals have been taken” and that the “incident is currently under investigation and information remains limited.” The company statement said Mexican authorities had been notified and that its “crisis management and security response teams are actively engaged.” Vizsla Silver said that it had suspended some of its activities…
Silver has suffered its worst price collapse in history, marking the largest percentage decline since the 1980s. The precious metal hit an all-time high of $120 per ounce earlier this week before starting to pull back from that peak. It then collapsed more than 25% on Friday, ending at $85 per ounce — a 30% plunge from the high. Even if the meteoric multi-year bull market in silver is over — one that even eclipsed gold’s surge — there is no guarantee it is; these three silver mining stocks remain strong buys. First Majestic Silver (AG) First Majestic Silver (NYSE:AG)…
Demand for rare earth elements, other similar minerals rises, as do international tensions As worldwide demand for rare earth elements and other similar minerals rises – as do tensions among the United States, China and now Greenland – South Dakota is experiencing its own debate over its reserves of what are known as “critical minerals.” Rare earth elements are naturally occurring metallic materials found in sub-surface rocks that have been found to possess unique properties that make them highly valuable and highly useful, particularly in a variety of new technologies. While 17 elements are classified as rare earth, the U.S.…
More than 200 people have been killed in a mine collapse in eastern Democratic Republic of Congo, rebel authorities have said. The mine, in the town of Rubaya, gave way on Wednesday due to heavy rains, Lumumba Kambere Muyisa, spokesman for the North Kivu region’s rebel governor, told reporters. At the time, the death toll remained unclear. Women and children were among those mining coltan – a mineral used to manufacture electronics such as smartphones and computers – at the time. A former supervisor of the mine told the BBC the site was not properly maintained, making accidents more likely…
No injuries reported; MSHA inspector is investigating the incident. Kinross Alaska Jan. 27 reported a large conveyor belt caught fire at Fort Knox, temporarily shutting down operations at the more than 400,000-ounce-per-year gold mine about 20 miles north of Fairbanks, Alaska. The Alaska division of the global mining company Kinross Gold Corp. said no employees were in the area of the conveyor belt when the fire started, and no injuries resulted from the incident. The fire was quickly identified, and fire suppression systems were activated. “The fire was extinguished, and the site of the incident remains off limits and is…
Beijing’s investment is transforming the landscape in Bor — and the lives of the people who call it home. In northeastern Serbia, the town of Bor rose around some of Europe’s most significant copper and gold deposits. From the 1940s, the region quickly drew workers from all over Yugoslavia. Majdanpek, located just 70 kilometers away, expanded around another massive reserve, estimated at more than 600 million tons of ore. For decades, these mining centers sustained Yugoslav heavy industry, but today that legacy is increasingly fragile. Since 2018, the mining complex has been taken over by Chinese state-owned group Zijin Mining,…
Over many decades, coal mining in West Virginia has exposed sulfur-bearing rocks to oxygen, creating a widespread problem that continues to plague the region: the draining of highly acidic water into streams and creeks, which are then rendered lifeless. But a relatively new process developed by researchers at West Virginia University and Virginia Tech is providing hope for some waters plagued by acid mine drainage. The method, which captures the rare earths liberated by the fugitive sulfuric acid, not only cleans the streams. It also generates revenue to pay for the cleanup and provides a sustainable source of the critical…
When the United States recently escalated its confrontation with Venezuela – carrying out strikes in Caracas and capturing President Nicolás Maduro – the moves were framed as political intervention. But the raid also reflected a deeper contest over oil and critical mineral supply chains. For Washington, controlling energy and strategic materials is now inseparable from power projection. That same logic is increasingly being applied in our own backyard – the Pacific seabed – where new mining could target minerals vital for batteries, electronics, clean energy and the military industrial complex. What is deep‑sea mining? In the Pacific, most attention today is on…