Hot News in this Week
Nov 7, 2025
Vedanta Resources launches CopperTech Metals Inc., a US-based company that will invest $4.5 billion in Konkola Copper Mines in Zambia to boost America's copper security, with plans to increase production capacity from 140,000 tonnes to 500,000 tonnes per year by 2031 through advanced mining and AI-driven technology.
Source: www.mining.com
Sweden's parliament has repealed a moratorium on uranium mining, clearing the way for exploration and mining starting from January 2026. The move follows a two-year policy drive by the Climate and Enterprise Ministry, which argues that uranium is strategic to the country's nuclear expansion and raw materials security. At least two explorers are ready to begin exploration work quickly, with Australian company Aura Energy and Canada's District Metals expressing excitement over the decision. The repeal dovetails with Stockholm's nuclear expansion and European Union supply security goals, as Sweden currently operates six reactors supplying about one-third of its electricity and imports most of its nuclear fuel.
Source: www.mining.com
Coeur Mining is acquiring New Gold Inc. in an all-stock merger valued at approximately $7 billion, creating a new major player in North American precious metals production with a combined valuation of around $20 billion and projected production of approximately 900,000 ounces of gold and 20 million ounces of silver next year.
Source: www.miningfeeds.com
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