Weir is acquiring the remaining 50% of its Chile-based joint venture ESCO Elecmetal Fundición Limitada from Elecmetal for £56 million ($75 million), giving it full control of a foundry built in 2012 that supplies ground engaging tools to the South American mining sector. The deal, expected to close in Q1 2026, adds Chilean casting capacity into Weir’s global foundry network and supports its go-direct sales strategy in the region. For mine operators, this signals tighter OEM integration on wear parts supply for large copper operations in Chile and neighbouring markets.

Teck Resources has taken a 9.9% equity stake in Metal Energy by purchasing about 4.44 million flow-through shares at C$0.73 and 6.2 million common shares at C$0.45, matching Centerra Gold’s earlier 9.9% position. The financing lifts Metal Energy’s market capitalisation to roughly C$23 million after its share price jumped to C$0.80, about 60% above pre-Centerra levels. Proceeds will fund drilling in 2026 on fully permitted, drill-ready porphyry targets at the 215 km² NIV copper-gold-molybdenum property in British Columbia’s Toodoggone district.

BMC Minerals raised A$100 million in an oversubscribed IPO and debuted on the ASX at A$2.00 per CDI, closing 25% higher at A$2.50 for a market capitalisation of about A$550 million. Funds will advance the 100%-owned Kudz Ze Kayah polymetallic project in Yukon, where the 372 km² package hosts ABM and Kona deposits with over 20 Mt indicated, including 200,000 t copper, 1.15 Mt zinc and 87 Moz silver. A 2020 feasibility study for ABM outlines a nine-year mine, US$492 million initial capex and 32.2 Moz silver-equivalent per year, with 95% of first five years’ concentrate output under offtake.

Sirios Resources will acquire private explorer OVI Mining in a C$23 million all-share deal, consolidating the Cheechoo, Corvet Est and Plex gold assets in Quebec’s Eeyou Istchee James Bay district about 725 km north of Montreal. Cheechoo currently hosts 34.9 million indicated tonnes at 1.12 g/t Au (1.3 Moz) and 42.7 million inferred tonnes at 1.23 g/t Au (1.68 Moz), while historic drilling totals 21,000 m at Corvet Est and 38,000 m at Plex. The merged company, expected to close in Q1 2026 under a new name, will be led by OVI CEO Jean-Félix Lepage with Osisko’s Sean Roosen joining the board, signalling a more aggressive development push around Dhilmar’s nearby Éléonore mine.

Plans to convert Coventry Airport into a £2.5bn battery gigafactory have moved a step forward after Warwick District Council’s planning committee approved applications covering early enabling works. The scheme, promoted as the UK’s largest battery manufacturing facility, will require full redevelopment of the existing airfield, major groundworks and new utilities to service large-scale process buildings and logistics areas. Civil and geotechnical teams can now progress detailed design for earthworks, foundations and site infrastructure ahead of main construction approvals.

Bechtel has been awarded the EPC contract for Harmony’s Eva copper project in northwest Queensland, covering the copper concentrator and all non-process infrastructure for the greenfield, long-life open-pit operation. The project is expected to be the region’s largest new copper mine, positioning it as a major asset within Australia’s critical minerals strategy. For engineers, the scope signals substantial demand ahead for bulk earthworks, tailings and water management systems, high-capacity power supply, and haul road and plant layout optimisation in a greenfield context.

SolGold has signalled it will recommend shareholders accept Jiangxi Copper’s third, all-cash takeover proposal at 28 pence per share, valuing the London-listed Ecuador-focused miner at about £842 million ($1.13 billion) and giving JCC full control of the Cascabel copper-gold project, one of South America’s largest undeveloped copper-gold resources. The bid, 7.7% above Jiangxi’s previous 26p offer, already has backing from major shareholders BHP, Newmont and Maxit Capital, which together hold 40.7%. Market caution persists, with SolGold’s shares trading around 25.75p and the deal still contingent on Chinese outbound investment approvals amid tighter scrutiny in Beijing.

McLaren Property has secured Legal & General forward funding for a £160m, 737-bed purpose-built student accommodation scheme on Upper Brook Street, Manchester, delivering 272,854 sq ft across two towers of nine and 23 storeys for completion by summer 2028. The PBSA sits within the Upper Brook Street masterplan alongside Kadans Science Partner’s nine-storey, 216,000 sq ft technical real estate building now under construction. For engineers and contractors, the scheme signals substantial high-rise mixed-use workload in a dense urban setting, fully financed by institutional capital without public funds.

United Infrastructure has agreed to acquire John Wood Group’s UK transmission and distribution (T&D) engineering business, which delivers power network services to distribution network operators across multiple UK regions, with completion expected once regulatory approvals clear later this month. The deal follows United Infrastructure’s purchases of Jones Lighting in March and Glenelly Infrastructure Solutions in June, consolidating capabilities from street lighting and LV networks through to high-voltage T&D. For contractors and consultants, this signals a larger, vertically integrated player targeting critical national grid reinforcement and energy transition projects.

Coventry City Council is expected to approve construction of an 800‑metre twin‑track Coventry Very Light Rail (CVLR) demonstrator between Coventry Railway Station and Coventry University Technology Park on Mile Lane, operating bi‑directionally in live traffic. The CVLR system uses precast track panels requiring no excavations, with Colas having laid the initial 220‑metre single‑track city‑centre demonstrator in eight weeks at less than half the cost and time of conventional tramways. Longer term plans envisage a 12 km route linking the station, the West Midlands Investment Zone at GreenPower Park and development around Ansty Park, with future autonomous operation.

Black Cat Syndicate has secured 90km² of new tenements adjoining its Lakewood processing facility, expanding its landholding around the 800,000tpa carbon-in-leach plant near Kalgoorlie. The ground sits along existing haulage routes to Lakewood, enabling short trucking distances for potential satellite open pits and underground feed. For mine planners and geotechs, the move signals likely near-mine drilling, resource definition and pit optimisation work focused on incremental mill feed rather than standalone remote deposits.

Ore feeding has begun at Titan Mining’s Kilbourne graphite demonstration plant in St. Lawrence County, New York, a fully permitted facility designed to produce 1,200 tonnes per year of graphite concentrate within the existing Empire State Mine complex and 5,000 t/d mill. The start-up will supply micronised and high-purity natural flake graphite from the Kilbourne deposit for qualification runs and offtake talks, underpinning plans for a 40,000 t/y commercial plant targeted to supply roughly half of current US natural graphite demand. Titan has secured an extra $5.5 million in EXIM funding and a non-binding Letter of Interest for up to $120 million in project finance, with a construction decision expected by end-2026.

Brightstar Resources has released a 22 per cent increase in mineral resource estimate for its Menzies gold project, sharpening plans to develop the site as a standalone mining hub in Western Australia’s Eastern Goldfields. The updated resource focuses on near-surface, open-pittable ounces across key deposits such as Yunndaga and Lady Shenton, supporting a potential central processing facility rather than trucking ore to Brightstar’s Laverton plant. For mine planners and geotechs, the shift towards shallow oxide and transitional material points to conventional drill‑and‑blast with relatively straightforward pit geotechnical design.

Construction has begun on the $1.62 billion Beveridge Intermodal Precinct in Melbourne’s north, planned as Australia’s largest logistics hub and the only terminal in the city able to handle 1,800‑metre Inland Rail freight trains. The precinct will connect the southern terminus of the Inland Rail corridor with key Victorian road and rail freight routes, consolidating interstate and port-bound cargo. For civil and geotechnical teams, the scale implies extensive earthworks, high-capacity pavement design and heavy-axle-load rail formation over a large greenfield footprint.

East West Railway Company, which is delivering the 120km Oxford–Cambridge East West Rail link including new sections between Bicester, Bletchley and Bedford, could be absorbed into Network Rail as part of the government’s review of arm’s length bodies ahead of establishing Great British Railways. Bringing EWR Co inside Network Rail would centralise control of route design, consents and future operations for the largely double‑track, 100mph‑design corridor. Any change in governance will affect procurement strategies, asset standards and interfaces with existing main lines at Oxford, Bletchley and Cambridge.

ACG Metals has walked away from a potential takeover of Anglo Asian Mining after a “thorough review” of Anglo Asian’s Azerbaijani gold-copper-silver assets, including the Gilar, Demirli and Gedabek operations, concluded a deal would not create value. Anglo Asian, which commissioned Gilar and Demirli on time and on budget this year and is targeting a mid-tier copper-focused profile, recently reported record November copper output at Gedabek following flotation plant upgrades. Market reaction was immediate, with Anglo Asian shares down 6.5% to 215p and ACG up 2.9% to 1,080p in London.

National Grid has awarded two major contracts for Sea Link, a 140km subsea electricity interconnector between Kent and Suffolk designed to reinforce the UK transmission network. The project will require high‑voltage subsea cabling across the southern North Sea and new onshore converter infrastructure at each landfall to integrate offshore wind and other generation into the grid. Contractors will need to address marine geotechnical risk, cable burial depth, landfall HDD or trenching solutions, and interface with existing 400kV assets in constrained coastal corridors.

Sixteen projects across England, Wales and Scotland will share more than £13M from The Crown Estate’s Supply Chain Accelerator to develop UK offshore wind manufacturing, installation and operations capability. Funding is aimed at critical supply chain gaps such as large-diameter monopile and jacket fabrication, high-voltage export cable systems, and specialised installation and service vessels. Civil and geotechnical contractors should expect opportunities around deep-water foundations, port upgrades for heavy-lift components, and logistics hubs supporting Round 4 and Celtic Sea leasing areas.

Dumfries and Galloway Council has approved a £68.6M flood defence scheme for the River Nith, clearing the way for construction to start in spring 2026 and for significant remodelling of the town’s riverside corridor. The project will install new engineered flood protection along key riverfront sections, integrating hard defences with urban realm upgrades to streets and public spaces adjacent to the river. Civil and geotechnical teams can now progress detailed design, ground investigation and contractor mobilisation to meet the 2026 start date.

Barhale has secured three contracts under United Utilities’ £3bn Better Rivers programme to expand stormwater storage capacity and cut combined sewer overflows to rivers across North West England. The packages will focus on new offline storage tanks and network upgrades to hold excess flows during peak rainfall, reducing untreated discharges to receiving watercourses. Civil and geotechnical teams can expect substantial deep excavations, complex temporary works and interface with existing live sewer infrastructure in constrained urban corridors.

United Utilities has awarded Barhale three AMP8 contracts under its £3bn Better Rivers programme to boost stormwater storage and cut storm overflow spills by 60% before 2030 across more than 300 miles of northwest waterways. Works include a 500m³ detention tank with a 10.5m-diameter, 13m-deep shaft at Cheadle, a 1,400m³ caisson-built shaft (15m diameter, 13m deep) plus Section 278 access works at Wheatfield Close, and a 14m-diameter, 6m-high stainless steel tank providing 1,000m³ at Thornton. Associated CSO modifications, new wet wells and outfalls are due for completion between March and June 2026.

Scottish Water has signed an advance market commitment to procure almost 20,000m³ of low carbon concrete over five years, equivalent to about 30% of its current annual concrete use. The Innovate UK and Carbon Limiting Technologies-led scheme, funded by the Department for Energy Security & Net Zero, aims to aggregate up to 500,000m³ of demand to de-risk commercialisation of novel low carbon mixes. With Scottish Water investing over £1bn a year in infrastructure, the commitment signals material changes to mix design specifications and supply-chain carbon baselines on upcoming projects.

Urban regeneration specialist Ballymore and Slovakian developer Penta Real Estate have formed a 50/50 joint venture to deliver more than 680 homes across two London schemes with a combined GDV exceeding £700m. The Cuba Street project comprises a 52-storey residential tower adjacent to Canary Wharf, while The Capston, the final phase of Ballymore’s Embassy Gardens in Nine Elms, will provide 247 apartments in two blocks of 11 and 22 storeys. Both schemes have planning consent and are already under construction, signalling continued high-rise residential demand despite a tight funding environment.

Net Zero Teesside’s £4bn gas-fired power and carbon capture project is expected to award a 10,000‑tonne, £30m structural steelwork package to a Chinese fabricator, prompting a procurement challenge from the British Constructional Steelwork Association. BCSA argues UK plants have immediate capacity to deliver the work, which it says would support about 600 fabrication jobs for a year and avoid roughly 4,000 tonnes of CO₂ from shipping ready-fabricated steel from China. The contract decision sits with Technip Energies, EPC partner with GE Vernova and Balfour Beatty.

Fenix Resources has set a FY28 target to lift its flagship Mid West iron ore operation to 6Mtpa, underpinned by completing two new mines to feed its existing 1.5Mtpa Iron Ridge hub. The plan centres on staged expansions using road haulage to the Geraldton port, leveraging current crushing and screening infrastructure rather than building a greenfield processing plant. For mine planners and geotechs, the strategy signals sustained pit development, additional waste dump and haul road construction, and longer-term geotechnical monitoring across multiple satellite deposits.

Myriad Uranium has increased its interest in the Copper Mountain uranium project in Wyoming to 75% after spending over US$5.5 million in eligible exploration under an option agreement with Rush Rare Metals, which retains 25% subject to underlying NSR royalties. Historic Union Pacific work in the late 1970s outlined six open pits targeting 245 million lb U₃O₈ after spending about US$25 million (around US$100 million today). A new drilling expansion permit obtained in October positions Myriad to test whether Copper Mountain can rank among the largest US uranium projects, in a state already geared for in-situ recovery operations.

Perpetua Resources has partnered with Idaho National Laboratory, under Battelle Energy Alliance, to host, commission and operate a flexible, modular pilot plant to process Stibnite project ore into military‑specification antimony trisulphide concentrate for munitions and advanced defence systems. The pilot forms part of a US Army Defence Ordnance Technology Consortium agreement, with Perpetua now holding up to US$22.4 million in DOTC funding to advance domestic critical mineral processing. It runs alongside early works on the US$1.3 billion Stibnite gold‑antimony mine in central Idaho, aimed at a fully domestic “ground‑to‑round” supply chain.

A design and environmental assessment contract for the Picton Bypass in New South Wales has been awarded to MRB Technical Services, advancing plans for a new heavy-vehicle route. The bypass will link Thirlmere and Tahmoor to the Hume Motorway via Picton Road, diverting freight and commuter traffic away from Picton’s existing town centre network. Geometric design, geotechnical investigation and environmental approvals will now define corridor alignment, earthworks volumes and interchange layouts critical for future construction staging.

Argentina’s Mendoza province has approved the PSJ Cobre Mendocino project, a $559 million joint venture between Zonda Metals and Alberdi Energy, marking its first large-scale mine in over 20 years after Senate endorsement of the environmental impact statement. The Uspallata operation is planned for 40,000 tonnes per year of copper concentrate over a 16-year mine life, using conventional flotation, with construction scheduled for 18–24 months and an estimated 3,900 construction and 2,400 operating jobs. The project now moves into detailed engineering, feasibility, cost and financing analysis before a construction decision.

USA Rare Earth will accelerate commercial production at its Round Top heavy rare earths deposit in Texas to late 2028, two years earlier than planned, after solvent-extraction pilot work enabled its Hydromet demonstration plant in Colorado to start five SX circuits running 2,000–4,000 hours from early 2026. The circuits will focus on dysprosium and terbium while also extracting hafnium and zirconium, feeding into a mine-to-magnet chain that includes a 310,000-square-foot Stillwater, Oklahoma plant targeting nearly 5,000 tonnes of magnets per year from 2026. Shares fell up to 4.3% to $16.56 despite the accelerated schedule.

Welsh MPs have warned that the Great British Railways (GBR) Bill, which centralises rail planning and operations under a new GBR body, fails to address Wales’s specific infrastructure and funding needs. They argue that the legislation does not correct historic underinvestment in Welsh rail, where enhancements such as electrification and capacity upgrades on key corridors like the South Wales Main Line lag behind those in England. For civil engineers, the dispute signals continued uncertainty over long-term funding envelopes and governance for major Welsh rail renewals and enhancements.

Three major onshore transmission “electricity superhighways” across Great Britain have cleared a key hurdle as Ofgem approves revised delivery timetables and early construction funding for National Grid projects. The schemes, part of the wider Holistic Network Design to move large volumes of offshore wind and other low‑carbon generation from Scotland and coastal hubs into English demand centres, include long‑distance 400kV circuits and new substations. Early funding unlocks detailed design, ground investigations and enabling works, with programme changes intended to de‑risk consenting and construction sequencing.

Sizewell C will shift from joint leadership to a single chief executive on 1 January 2026, with current co-managing director Nigel Cann becoming CEO as the project passes final investment decision and financial close into its main construction phase. Cann brings 45 years of nuclear experience, including roles as plant manager at Dungeness B and Sizewell B and delivery director for Hinkley Point C until March 2023, which will be critical as major civils, marine works and nuclear-island construction ramp up. Co-managing director CEO Julia Pyke, who helped secure private investor and commercial bank backing for the multi-billion-pound project expected to supply around 7% of UK electricity, will step down at year-end.

BHP has agreed a US$2 billion deal with Global Infrastructure Partners, now part of BlackRock, to restructure its 85% share of the Western Australia Iron Ore (WAIO) inland power network in the Pilbara via a dedicated trust. The transaction separates power infrastructure ownership from mining operations across WAIO’s four main joint ventures, signalling a shift towards third‑party capital for high‑voltage transmission and generation assets. For mine planners and electrical engineers, the move points to longer‑term, utility‑style management of load growth, decarbonisation projects and network reliability.

Aurecon has been appointed Engineering Program Partner for Rio Tinto Iron Ore’s Sustaining Capital teams in Western Australia from October 2025 to October 2028, extending its long-running role on Pilbara brownfield projects. The mandate covers multi‑disciplinary engineering for fixed plant, rail and port assets across RTIO’s iron ore network, including structural upgrades, materials handling improvements and life‑extension works on existing processing infrastructure. For geotechnical and civil teams, the partnership signals continued demand for staged upgrades, brownfield tie‑ins and asset integrity assessments rather than major greenfield expansions.

Iron Mine Contracting has secured a 39‑month mining services contract with Covalent Lithium to deliver drill, blast, load and haul, and run‑of‑mine management at the Mt Holland hard‑rock lithium operation in Western Australia’s Goldfields. The scope covers full open‑pit production support for Covalent’s Mt Holland mine and concentrator, which will feed spodumene concentrate to the company’s Kwinana Refinery now in commissioning. The deal signals long‑term third‑party involvement in both production drilling and material movement at one of Western Australia’s key lithium projects.

Wärtsilä will supply engines, controls and auxiliary systems for a new 120 MW flexible engine power plant in Kalgoorlie, Western Australia, to expand power for Kalgoorlie Consolidated Gold Mines (KCGM), owned by Northern Star Resources. The contract, placed by independent power producer Zenith Energy Operations, adds dedicated generation capacity for one of Australia’s largest open-pit gold operations. For mine operators, the project signals continued reliance on high-availability, engine-based thermal power in remote gold districts, complementing but not replacing on-site renewables and storage.

Thiess has secured a five-year alliance agreement with Harmony to deliver bulk earthworks, workshop construction and mining services at the greenfield Eva Copper Mine Project in the Cloncurry region of Queensland, with the mining scope valued at about A$700 million. The contract covers establishment of mine support infrastructure and initial material movement, positioning Thiess to manage both early-stage civil works and ongoing production mining. For geotechnical and civil teams, the deal signals imminent large-scale earthworks and workshop foundation construction on a previously undeveloped copper site.

Turner & Townsend has agreed to acquire Johannesburg-based Profica, adding 80 real estate project management and construction specialists to create what it claims will be Africa’s largest real estate project management consultancy. The deal expands Turner & Townsend’s African footprint from 13 to 19 cities and from 11 to 16 countries, growing its regional headcount to about 400 staff. For developers and asset owners, the combined firm signals a single, larger project controls and delivery partner for complex commercial, industrial and mixed-use schemes across the continent.

Case Construction Equipment has appointed HRN Tractors as its Scottish dealer, adding the family-owned group’s depots in Stirling, Insch, Balbeggie and Caithness to the Case UK network. HRN, formerly a John Deere dealer for 40 years and already representing Kubota, Mecalac and sister company Agritrac’s Hyundai Construction Equipment line, plans to use the tie-up to broaden its construction machinery portfolio and target more civil and groundworks contractors. Management is emphasising responsive sales support and parts-backed aftersales as the main lever to win market share.

Construction materials distributor GRS Roadstone Group has regained full ownership by buying back Tarmac’s 23.7% stake for an undisclosed sum, following a decade in which GRS expanded ten-fold and reached £480m revenue with £3.0m pre-tax profit to 31 January 2025. The company will retain aggregate supply agreements with Tarmac and continue promoting inert waste disposal in Hertfordshire, signalling continuity for key materials flows. GRS Rail Services remains a 50:50 joint venture, operating railheads at Birmingham, Luton, Northampton, Peterborough and Wellingborough that feed HS2 aggregate supply.

Critical Metals has signed a term sheet to form a 50:50 carried-interest joint venture with Romanian state-owned processor FPCU, securing long-term offtake rights for 50% of concentrate from the Tanbreez heavy and medium rare earth project in Greenland with no capex, debt or equity issuance required for the new plant. The JV will design, finance, build and operate a rare earth processing facility in Romania, supplying NATO-aligned feedstock to EU advanced manufacturing, electrification and defence sectors. This deal follows an October letter of intent with US processor REalloys for a 10-year offtake covering a further 15% of Tanbreez production.

Thiess has secured a $700 million alliance agreement with Harmony Gold Mining to deliver multiple work packages for the Eva copper project in north-west Queensland. The contract covers mine development and operations support at the planned open-pit operation, including drill-and-blast, load-and-haul, and associated mining services over a multi-year term. The deal signals continued contractor-led development of large-scale copper assets in the Mount Isa–Cloncurry district, with Thiess likely to deploy its existing large truck–shovel fleet and technical services teams already active in the region.

Liontown Resources has signed a new spodumene concentrate offtake agreement with Chinese cathode producer Canmax Technologies, shortly after running its first online auction for product from the 3Mtpa Kathleen Valley lithium project in Western Australia. The deal adds a major long-term buyer alongside existing contracts with Tesla and LG Energy Solution, diversifying sales away from purely fixed-price arrangements. For miners, the move signals growing use of auction platforms and mixed pricing structures to manage spodumene price volatility and counterparty risk.

Summit Minerals has agreed to acquire 100% of the historic high-grade Keystone polymetallic mine in Nevada, covering 1036 acres of holdings, including 625 acres of patented land. Historic records since 1937 report production of 36,000oz silver and 64oz gold at average grades of 32.2oz/t silver and 0.038oz/t gold (909 g/t Ag, 2.29 g/t Au), with drill core tungsten trioxide grades between 0.5% and 2.25%. The project sits in a skarn and epithermal district that also hosts Coeur’s Rochester mine and the scheelite-bearing Springer (Sutton) operation.

BHP has entered a $US2 billion ($A3 billion) agreement with Global Infrastructure Partners, part of BlackRock, to inject new capital into its Pilbara iron ore operations centred on Port Hedland. The deal targets brownfield infrastructure such as export terminals, rail links and associated materials handling assets that move more than 280 million tonnes per annum of iron ore from inland mines to deepwater berths. For geotechnical and civil contractors, the structure signals sustained demand for port dredging, rail formation upgrades and heavy-duty pavement and foundation works in the Pilbara.

Fluor Corporation has secured the engineering, procurement and integrated construction management (EPCM) contract for Teck Resources’ Highland Valley Copper Mine Life Extension (HVC MLE) project near Logan Lake, British Columbia. The undisclosed-value award, booked in Fluor’s third-quarter results, covers brownfield works to sustain one of Canada’s largest open-pit copper-molybdenum operations beyond its current mine plan. Geotechnical and civil scopes are expected to centre on pit pushbacks, tailings and water management upgrades, and plant debottlenecking to support extended ore throughput.

Anglo American and Teck shareholders have approved a nil‑premium, all‑stock US$53 billion merger that will create “Anglo Teck”, a Canada‑headquartered group with more than 70% revenue exposure to copper. Analysts estimate combining Anglo’s Collahuasi operation with Teck’s Quebrada Blanca in Chile could deliver over 1 million tonnes of copper per year by the early 2030s, potentially overtaking BHP’s Escondida. The deal now hinges on multi‑jurisdictional regulatory approvals, including in Canada, following BHP’s short‑lived takeover approach to Anglo last month.

Rio2 is buying a 99.1% interest in Peru’s Condestable underground copper mine from Southern Peaks Mining for a total transaction value of $241 million, including $180 million upfront and assumption of $24 million debt, funded via $65 million vendor debt and an upsized $120 million equity raise at C$2.22 per receipt. Condestable, 90 km south of Lima, has an 8,400 tpd plant producing clean concentrate with scope to lift underground capacity to 12,000 tpd and add open pits, targeting about 27,000 tpa copper-equivalent and $110–145 million annual cash flow over five years. Rio2 plans to use this cash to expand Condestable and its Fenix Gold project in Chile, with combined output expected at 180,000 oz gold-equivalent per year and a potential pathway to 380,000 oz with a Phase 2 expansion at Fenix.

Tronox Holdings’ share price jumped over 32% in New York after the US Export-Import Bank and Export Finance Australia issued coordinated support letters for up to $600 million in financing. The funding would back mine extensions, infrastructure and a new cracking and leaching facility in Western Australia designed to produce mixed rare earth carbonate from monazite-bearing tailings, capturing “multiples more value” from its existing mineral sands operations. The move sits within the US-Australia Critical Minerals Framework and EFA’s $4 billion Critical Mineral Facility mandate.