Hot News in this Week
Mar 6, 2026
NexGen Energy has announced that it will begin construction this summer on its Rook uranium mine in northern Saskatchewan, which is expected to be the largest development-stage uranium deposit in Canada and could produce almost 30 million lb. of uranium oxide per year over the first half of its 11-year life, making it the top uranium mine by output in North America. The C$2.2 billion capex build plan for Rook I comes after the Canadian Nuclear Safety Commission approved NexGen's environmental assessment and construction license, and follows recent developments in the province for uranium players, including Denison Mines' start of construction of its Phoenix mine and Paladin Energy's receipt of environmental impact statement approval for its Patterson Lake South project.
Source: www.mining.com
Gold prices declined on Thursday due to a strengthening dollar and reduced expectations of central bank easing, despite escalating tensions in the Middle East. Spot gold fell 1.5% to $5,053 an ounce, erasing all gains this week, while US gold futures dropped 1% to around $5,080 an ounce in New York. The metal had been trending upwards in recent weeks due to geopolitical tensions, but heightened inflation fears and reduced rate cut expectations hurt its appeal to investors.
Source: www.mining.com
In a joint venture with Transnet, African Rainbow Minerals (ARM) is participating in a bid to build and operate a new manganese export facility in Ngqura port in South Africa's Eastern Cape, with the potential to increase its capacity to 22 million tons annually.
Source: www.miningmx.com
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