Today’s Top News
Today’s Top News
Key mining news, market moves and developments from Australia, Canada, the US, UK and across the globe.
Published 5 Nov 2026 · 18 storiesClear filter
Thursday 5 November 2026
- Fortescue Prices US$1.5bn Notes; CNH Swaps Cut Effective RateFortescue priced US$1.5 billion of six-year senior unsecured notes at a 7.0% coupon, maturing in November 2032. Cross-currency swaps over the full principal convert the debt into a fixed CNH9.95 billion liability at an effective rate of about 3.9%, against the 7.0% US dollar coupon. Proceeds go to general corporate…
- Many Peaks Grows Ferke ResourceMany Peaks lifted the Ouarigue interim resource at Ferké by 57%, or 754,000 ounces, to 34.6Mt at 1.87g/t gold for 2,077,000 ounces, constrained at US$3,500/oz gold. Growth is mainly Inferred underground material of 970,000 ounces at 2.93g/t, while the open pit portion fell 16% to 1,108,000 ounces and is 97% Measured…
- Viridis Adds Delivery-Conditional US$915m Economics to Solvay DealViridis signed a binding offtake with Solvay unit Rhodia Operations for mixed rare earth carbonate from Colossus in Brazil, running from targeted 2028 first production to 31 December 2034. Take-or-pay starts on the earlier of commercial operations or 1 January 2029, and minimum volumes of Nd, Pr, Dy and Tb are about…
- Fortuna Authorizes US$250 Million Diamba Sud Commitments Before Final PermitFortuna's board authorised management to enter contractual commitments totalling US$250 million over the life of Diamba Sud, allowing critical contracts, equipment and construction to proceed before the exploitation permit is granted. The permit is expected in Q4 2026, after Senegal's Notice of Admissibility announced…
- India CoalIndia's markets regulator approved the IPO of Coal India subsidiary Mahanadi Coalfields, expected to be one of the country's biggest offerings this year. September draft papers show Coal India selling up to 661.8 million shares, a 10% stake, in a unit that supplied 21% of India's domestic coal and 28.4% of Coal…
- African Mining FinanceAppian Capital Advisory has deployed about 70% of the International Finance Corporation's initial US$100 million commitment to their emerging markets mining fund, launched in 2025. The capital went into three investments: Asante Gold's mines in Ghana, the Omico Copper project in Namibia and Atlantic Nickel's…
- Nickel Supply and JobsSherritt will temporarily lay off about 280 employees, 47% of its Canadian workforce, for roughly 90 days to preserve liquidity while refining at Fort Saskatchewan stays halted, with ammonia fertiliser and sulphuric acid production continuing. Refining stopped on 22 June when feed inventory ran out, and Sherritt…
- Northstone: The Completed Capital-Raising Result Was Not in the Deal Flash I CheckedNorthstone Resources secured firm commitments for an oversubscribed $2.37 million placement backed by existing shareholders and new institutional, sophisticated and professional investors, including $240,000 from directors and management. Proceeds fund the maiden JORC resource and scoping study at the Tlamino…
- China's Copper Premium Is Rising Because Supply Is Tight, Not Because Demand Is BoomingChina's refined copper spot premiums hit a new year-to-date high on 4 November as spot trading rose slightly while spot copper prices fell. Mysteel says the rise reflects supply contraction with limited demand-side acceptance, and that high premiums plus a steep backwardation futures spread held back downstream…
- Freeport Announces Plans to Boost U.S. Copper & Molybdenum ProductionFreeport-McMoRan's board has approved a US$4.5 billion expansion of its wholly owned Bagdad copper and molybdenum operation in Arizona, which will more than double mining and milling rates. Long-term output is expected to exceed 400 million pounds of copper and 20 million pounds of molybdenum a year, increases of…
- Gold and Silver Surge as Democratic Midterm Sweep Drives Dollar, Yields LowerSpot gold traded near US$4,041.30 an ounce, up 2.85%, and silver near US$51.91, up 4.50%, in early US trading Wednesday after Democrats won control of both the House and the Senate. The 10-year Treasury yield slipped to 4.9291% and the dollar fell to a roughly one-month low as markets weighed whether divided…
- Agnico, Vale Warn of Ontario Mining Labour SqueezeAgnico Eagle and Vale Base Metals executives warned that a skilled worker shortage could inflate construction costs and stall investment as Ontario speeds up mine approvals. Agnico's Macassa underground mining school drew 500 applicants in two weeks for 25 places, and Northern Ontario could need about 20,000 more…
- Osisko Metals Closes C$25 Million Flow-Through Share FinancingOsisko Metals closed a non-brokered placement of 9,461,840 flow-through shares at C$2.64 each for gross proceeds of C$24,979,257.60, arranged by PearTree Securities. Existing strategic investors Agnico Eagle and Hudbay Minerals bought all the shares in a follow-on transaction. Proceeds fund qualifying exploration on…
- Libra Energy Materials to Present at Kamoa Capital Investor Webinar on November 11Libra Energy Materials CEO Koby Kushner and VP Exploration Dr Jérémie Pfister will present at a Kamoa Capital investor webinar on Wednesday 11 November at 5:00pm EST, which is 9:00am AEDT on Thursday 12 November. They will cover the company's new flagship Obamska and Cisco West lithium projects in Quebec and its plans…
- China-Bound Coal Shipments via Australia's Gladstone Port Hit Near-Two-Year High in OctCoal shipments from Queensland's Gladstone port to China reached 1.44 million tonnes in October, up 46% month on month and almost triple the level a year earlier, according to Gladstone Ports Corporation data. That made China the port's largest overseas coal destination for the month and marked the highest volume…
- China Accelerates Overseas Mining Investment to Secure Critical MineralsChinese overseas mineral acquisitions reached US$8.8 billion in the first nine months of 2026, already the highest annual total since at least 2018, according to Rhodium Group estimates cited by CNBC. Eurasia Group expects Chinese outbound investment in upstream critical minerals could double from 2021-2025 levels…
- Democrats' Win Puts US Mining Agenda Under ScrutinyDemocrats' capture of Congress sets up divided government from January and raises the prospect of greater scrutiny of Trump's mining and energy agenda, including federal financial stakes in mining companies. Section 232 duties on steel, aluminium and copper products stay under presidential authority, BMO said. Wood…
- Western Tungsten Prices Nearly Quadruple China'sRotterdam ammonium paratungstate (APT) traded at $278.22/kg in October against $74.43/kg for China ex-works APT, a 3.74-fold gap against a 1.24 times average from September 2021 to June 2025, according to a MetalMiner report. The split followed China's February 2025 export licensing, and the next shift lands on 1…
