Metals & Mining News

Metals & Mining

Mexican state-backed lender extends $10 million facility to Vizsla Silver’s Panuco project

Vizsla Silver has secured a MXN$173 million working capital facility from Mexican mining finance institution FIFOMI to support development activities at its Panuco silver-gold project in Sinaloa. The agreement highlights continued institutional backing for mining investment and regional supply chain activity in Mexico.

2 days ago • Canada;Mexico

Metals & Mining

L&T GeoStructure expands infrastructure footprint with major steel, maritime, and inland waterway contracts across India

Larsen & Toubro subsidiary L&T GeoStructure has secured multiple domestic contracts, including a record-breaking piling project for JSW Utkal Steel, strategic ship repair facilities on National Waterway-1, and India's inaugural yacht marina at Mumbai Harbour.

2 days ago • India

Investments & Funding

Eni takes 11.6% stake in Canada's NMG with $70m investment to secure graphite supply for Brindisi gigafactory

Eni has closed a $70 million equity investment in Nouveau Monde Graphite, acquiring an 11.6% stake and board representation, as part of a $309.5 million capital raise from private and public investors, securing graphite and anode material supply for Eni’s Brindisi gigafactory.

2 days ago • Canada;Italy

Metals & Mining

Brazilian Rare Earths to demerge Amargosa bauxite-gallium project into new ASX-listed Alurion Resources

Brazilian Rare Earths has announced its intention to demerge its 100%-owned Amargosa Bauxite–Gallium Project into a newly formed ASX-listed company, Alurion Resources, allowing BRE to focus on rare earths while Alurion advances bauxite development with a 568 Mt JORC resource and a scoping study showing US$630m NPV8.

2 days ago • Australia

Metals & Mining

WestGold Metals enters North American mining sector with exclusive option on Idaho precious metals portfolio

WestGold Metals Corp. has finalized a mineral property option agreement to acquire a 90% stake in three prospective exploration assets in Idaho from a subsidiary of IDEX Metals Corp. The deal establishes WestGold's initial operational foothold in the United States, targeting historically active but underexplored epithermal systems.

2 days ago • Canada;United States

Metals & Mining

Core Lithium awards $274m underground mining contract to Develop Global for BP33 deposit in Northern Territory

Core Lithium has awarded a three-year contract worth approximately $274 million to Develop Global’s subsidiary Dev Mining Services for underground mining at the BP33 deposit, part of the Finniss Lithium Operation, with an option for a two-year extension. BP33 will provide 88% of ore feed in the first ten years.

2 days ago • Australia

Metals & Mining

NextSource Materials approves FID for Abu Dhabi battery anode facility phase 1

NextSource Materials has approved a final investment decision for Phase 1 of its proposed Battery Anode Facility in Abu Dhabi's Industrial City, following successful completion of front-end engineering design. The decision, supported by a proposed Japanese consortium investment from Hanwa and JOGMEC, authorises the company to proceed into pre-EPC mobilisation.

2 days ago • United Arab Emirates

Mergers & Acquisitions

MBK Partners secures regulatory clearance for 117.5 billion JPY acquisition of Altemira Holdings

MBK Partners is proceeding with the approximately 117.5 billion JPY acquisition of Altemira Holdings after clearing Japan's stringent foreign investment screenings.

2 days ago • Japan;Korea (South)

Metals & Mining

American Pacific begins reconnaissance and surface sampling at Nevada's Ziggurat gold project

American Pacific Mining has launched a field reconnaissance and surface sampling program at its Ziggurat Gold Project in Nye County, Nevada, collecting 59 rock and 20 stream sediment samples to assess Carlin-type gold potential in priority target areas.

2 days ago • United States

Metals & Mining

Deccan Gold targets August 2026 commercial production at Kyrgyz Republic's Altyn Tor project

Deccan Gold Mines has commissioned the gravity plant at its Altyn Tor Gold Project in Kyrgyz Republic and expects the leaching circuit in June, with full commercial operations targeted for August 2026, employing 130 Indian technical staff and a large local workforce.

2 days ago • Kyrgyz Republic

Metals & Mining

Fluor to conduct feasibility study for Anglo American's Woodsmith Mining Project

Fluor Corporation has been selected to perform feasibility study services for Anglo American’s Woodsmith mining project in North Yorkshire, England, an underground polyhalite fertilizer deposit with a target production of 13 million tonnes per year. Contract value was not disclosed.

2 days ago • United Kingdom

Metals & Mining

L&T secures record domestic metals contract from JSW Steel to drive capacity expansion

Larsen & Toubro has landed its largest domestic metallurgical contract to date from JSW Steel. The agreement supports JSW Steel’s strategic objective to reach 50 million tonnes per annum capacity by 2031 through major infrastructure developments at key industrial hubs in Karnataka and Odisha.

2 days ago • India

Metals & Mining

Bechtel and Chile's Eimisa partner to accelerate mining project delivery across South America

Bechtel has signed an agreement with Chilean construction firm EIMISA to collaborate on large-scale mining and infrastructure projects across South America, combining Bechtel’s engineering and procurement capabilities with EIMISA’s direct-hire construction expertise.

2 days ago • Chile;United States

Metals & Mining

POSCO and JSW Steel finalize 7.3 billion USD joint venture for integrated steel facility in Odisha

South Korea’s POSCO Group and India’s JSW Steel have entered a formal agreement to co-invest 7.3 billion USD in a new integrated steel mill in Odisha. The project, aiming for a 6 million ton annual capacity by 2031, represents a strategic move to secure industrial supply chains amid global energy volatility.

2 days ago • India;Korea (South)