, /PRNewswire/ -- Mitigation Resources of North America received the Alabama Mining Association's Exceptional Reclamation Award in recognition of the company's successful reclamation work at the Burton Bend site in Walker County, Alabama. The Alabama Mining Association Honors Exceptional Work Mitigation Resources of North America provides a range of ecological restoration services as a business within NACCO Natural Resources, a subsidiary of NACCO Industries (NYSE:NC). More information can be found at www. ...

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Key Takeaways Teck Resources completed a full review of operations to reassess production and cost ranges.QB output was hit by TMF development delays, leading to reduced 2025-2026 copper guidance.HVC and Red Dog outlooks were lowered, while Trail Operations' zinc output is expected to stay steady.Teck Resources Limited (TECK) has announced that it conducted a thorough review of all operating plans throughout the third quarter of 2025 with input from third-party technical experts and independent advisors. Th ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Almonty Industries Conference Call Summary Company Overview - **Company Name**: Almonty Industries - **Ticker**: NasdaqCM:ALM - **Market Capitalization**: $1.5 billion - **Share Price**: $7 - **Headquarters**: Currently in Toronto, planning to move to the United States by the end of the year [5][6] Industry Context - **Industry**: Tungsten mining - **Key Operations**: - Sangdong operation in South Korea (largest tungsten project since the 1970s) - Panasqueira mine in Portugal (oldest tungsten mine still in operation) - Additional projects in Spain (Los Santos and Valtreixal) [6][7][10] Core Insights and Arguments - **Tungsten Demand**: - Tungsten is essential in various applications, including defense, technology, and automotive sectors [7][8][17] - 83% of the tungsten market is controlled by China, with significant implications for supply chains in the U.S. and Europe [8][10] - **Geopolitical Risks**: - China has imposed export restrictions on tungsten, impacting U.S. military applications from 2027 [9][10] - Almonty is positioned as a key supplier to mitigate supply chain risks for the U.S. and EU [10][11] - **Production Plans**: - Phase 1 of the Sangdong mine is expected to produce 640,000 tons of tungsten ore, generating 230,000 MTU [11][22] - Plans to double production to 1.2 million tons by adding another 560,000 tons of ore in the following year [22][15] - **Financial Stability**: - Almonty has secured a 15-year off-take agreement with a floor price, ensuring revenue stability [11][40] - Recent funding of $90 million raised for a tungsten oxide facility to enhance revenue generation [12][27] - **Market Positioning**: - Almonty aims to be the only U.S.-based tungsten producer by 2026, enhancing its market presence [14][36] - The company has established strategic partnerships, including with American Defense International, to strengthen its position in the defense sector [21][31] Additional Important Points - **Technological Advancements**: - Almonty has developed new technologies in Portugal that have been crucial for operations in South Korea [6][28] - **Economic Outlook**: - Tungsten prices have recently increased to over $600 per MTU, with expectations of a long-term price stabilization between $500 and $600 [18][19] - The company maintains conservative economic models at $350 to $400 per MTU to ensure operational viability [32] - **Molybdenum Asset**: - Almonty is exploring options for potentially spinning off its molybdenum asset, which has a strong off-take agreement with SEAH, a government-backed steel producer [34][29] - **Future Growth**: - The company is focused on expanding its production capabilities and enhancing its market share in the tungsten sector, with a projected mine life of 45 years [26][12] This summary encapsulates the key points discussed during the Almonty Industries conference call, highlighting the company's strategic positioning within the tungsten industry, its operational plans, and the broader market dynamics affecting its business.

Australia’s role as a resource powerhouse is changing due to global economic forces beyond its control: the fall in oil prices and the record-smashing increase in the price of gold. The country and continent are rich in deposits of iron ore, its number one export, as well as copper, coal, aluminum, lithium and natural gas. Australia also has vast reserves of gold, found for example at the Boddington open-pit mine in Western Australia owned by US-based miner Newmont; the Cadia mine in New South Wales know ...

Quebrada Blanca mine in Chile is Teck’s largest copper project. (Image courtesy of Teck Resources.) Copper surged to a 16-month high in London after Teck Resources (TSX: TECK.A, TECK.B)(NYSE: TECK) lowered its copper production guidance for 2025 after persistent setbacks at its Quebrada Blanca (QB) mine in Chile and Highland Valley Copper (HVC) operation in Canada.Prices climbed as much as 0.5% to $10,815 per tonne on the London Metal Exchange. The company said it now expects to produce 170,000 to 190,000 t ...

Shares of Trilogy Metals skyrocketed on Tuesday after the Trump administration announced it would take a stake in the Canadian mining company, the latest in a string of government investments in industries deemed critical for national security. https://t.co/lQTmud8hvT ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...