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    Rosatom to Boost Production of Heavy-Duty Copper-Niobium Alloy Wires

    Rosatom to Boost Production of Heavy-Duty Copper-Niobium Alloy Wires

    Rosatom has approved an investment project by Rusatom Metalltech LLC, aimed at increasing the production capacity of heavy-duty copper-niobium alloy wires from 1 ton to 5 tons per year. This increase equates to up to 500,000 kilometers of wires annually. The expansion is driven by rising demand from high-tech industries such as aerospace, railway transport, electric power, and electronics. A...

    Kazakhstan and EBRD to Modernize Mining Sector

    Kazakhstan and EBRD to Modernize Mining Sector

    Kazakhstan and the European Bank for Reconstruction and Development (EBRD) have agreed to collaborate on modernizing and developing the national mining sector. This partnership aims to enhance governance, transparency, and regulation in line with international standards and practices. A Memorandum of Understanding (MoU) was signed by Kazakhstan’s Minister of Industry and Construction, Kanat Sharlapaev, and EBRD First Vice President, Jurgen...

    Hummingbird Announces Remobilisation of Corica Mining Services at Kouroussa Gold Mine

    Hummingbird Announces Remobilisation of Corica Mining Services at Kouroussa Gold Mine

    Hummingbird has announced the remobilisation of Corica Mining Services at the Kouroussa Gold Mine in Guinea following the suspension of work on March 17, 2024. This move is part of efforts to mitigate risks around the company’s working capital due to recent interruptions. CIG SA, Hummingbird’s largest shareholder, has agreed to provide a US$10 million loan to ensure continuity of...

    Blue Solutions to Build Gigafactory in Alsace by 2030

    Blue Solutions to Build Gigafactory in Alsace by 2030

    Blue Solutions, a subsidiary of the Bolloré Group, will construct a large battery factory in Alsace by 2030. This gigafactory will produce solid-state lithium-metal batteries for new-generation electric vehicles, creating 1,500 jobs and involving an investment of over 2.2 billion euros across the Grand Est and Brittany regions. The announcement, made on May 17 in a joint press release from...

    Anglo American Faces $1bn Capital Gains Tax from Amplats Unbundling

    Anglo American Faces $1bn Capital Gains Tax from Amplats Unbundling

    The proposed unbundling of Anglo American Platinum (Amplats) by Anglo American, part of the group’s most significant restructuring in decades, is expected to incur around $1 billion in capital gains tax (CGT), a cost that has raised concerns among some shareholders. Coronation, a significant shareholder in Anglo, expressed worries about the friction costs and capital gains tax associated with the...

    Chilean Copper Commission Raises Price Projection

    Chilean Copper Commission Raises Price Projection

    The Chilean Copper Commission (Cochilco) has raised its average price projection for copper to $4.3 per pound for this year, up from the previous estimate of $3.85 per pound. For 2025, the projection has been adjusted from $3.9 to $4.25 per pound. Minister of Mining Aurora Williams noted that this price increase aligns with an anticipated 5% growth in copper...

    Umicore Faces Investor Concerns Amid Stock Price Drop and CEO Change

    Umicore Faces Investor Concerns Amid Stock Price Drop and CEO Change

    Belgian company Umicore, known for its recycling operations and production of materials for electric car batteries, has seen its stock price plummet by 30 percent over the past year. The decline from 29 to 20 euros per share has raised questions among investors, especially with the unexpected departure of CEO Mathias Miedreich, who will be replaced by longtime employee Bart...

    Fortune Minerals Receives US$6.38 Million Grant from U.S. Department of Defense

    Fortune Minerals Receives US$6.38 Million Grant from U.S. Department of Defense

    Fortune Minerals Limited has been awarded a US$6.38 million (~C$8.74 million) grant from the United States Department of Defense under the Defense Production Act Title III program. This funding aims to expand domestic cobalt production for battery and high-strength alloy supply chains, enabling Fortune to advance the NICO cobalt-gold-bismuth-copper project in Canada toward construction. The NICO Project is an advanced...

    Poseidon Nickel Resumes Exploration at Lake Johnston Project

    Poseidon Nickel Resumes Exploration at Lake Johnston Project

    Poseidon Nickel has resumed exploration at its Lake Johnston project in the Goldfields following the termination of a deal with Mineral Resources. The ASX-listed battery metals explorer announced it has recommenced greenfields exploration after a four-month pause due to a sale process with Mineral Resources. The Lake Johnston project will now remain a part of Poseidon’s portfolio. “The board believes...

    KGHM to Update Strategy by End of Q3, Continues Investment Plans Despite Delays

    KGHM to Update Strategy by End of Q3, Continues Investment Plans Despite Delays

    Listed copper producer KGHM plans to update its group strategy by the end of the third quarter, as confirmed by CEO Andrzej Szydlo during a press conference. “The projections for the end of the third quarter in terms of updating the strategy are still valid,” Szydlo reiterated. Addressing potential acquisitions of photovoltaic (PV) farms this year, Szydlo stated, “In order...

    BKS Secures NOK 53 Million (USD 5 Million) Contract for Norsk Hydro at Husnes

    BKS Secures NOK 53 Million (USD 5 Million) Contract for Norsk Hydro at Husnes

    EQVA ASA’s subsidiary BKS Industri (BKS) has secured a new contract valued at approximately NOK 53 million (USD 5 million) for Norsk Hydro. The contract involves upgrading 120 furnaces at Norsk Hydro’s aluminum plant in Husnes, Sunnhordland, with completion expected in Q3 2025. This contract represents phase 2 of the furnace upgrade project at Husnes. BKS previously upgraded 80 furnaces...

    Nickel Prices Rise Over 9% in April Amid Supply Challenges and Strong Demand

    Nickel Prices Rise Over 9% in April Amid Supply Challenges and Strong Demand

    In April, nickel prices saw a significant increase of more than 9%, driven by rising non-ferrous metal prices and strong market fundamentals. The main contradiction between nickel supply and demand is expected to shift, leading to continued strong price fluctuations in the short term. The Federal Reserve’s anticipated rate cuts have introduced fluctuations in market expectations, with concerns about recession...

    Vizsla Copper Appoints Craig Parry as CEO and Updates on Poplar Project

    Vizsla Copper Appoints Craig Parry as CEO and Updates on Poplar Project

    Vizsla Copper has appointed Craig Parry, the current Executive Chairman, as Chief Executive Officer. Parry brings a proven track record of creating shareholder value, notably from his role as CEO of IsoEnergy. Chris Donaldson will step down as CEO but will remain a director. The Poplar Project, Vizsla Copper’s newly acquired asset, is home to the Poplar Deposit, a significant...

    Jindal Aluminium Sets Production Record with 1,15,920 Metric Tons in FY 2023-24

    Jindal Aluminium Sets Production Record with 1,15,920 Metric Tons in FY 2023-24

    Jindal Aluminium, a leading aluminium extrusion company, has achieved a significant milestone by producing a record-breaking 1,15,920 metric tons (MT) of aluminium extruded products in the fiscal year 2023-24. This represents a ten percent increase in production compared to the previous fiscal year, 2022-23. Known for its quality products and swift deliveries, Jindal Aluminium boasts over five decades of industry...

    Moroccan Scientist Rachid Yazami Highlights Morocco’s Potential in Lithium Battery Industry

    Moroccan Scientist Rachid Yazami Highlights Morocco’s Potential in Lithium Battery Industry

    Moroccan scientist and engineer Rachid Yazami has underscored Morocco’s significant potential in the lithium battery industry, focusing on both production and export opportunities. Speaking during the International Forum of Chemistry held in Rabat on May 15-16, Yazami highlighted the country’s rich resources and growing capabilities in this sector. With Morocco’s abundant phosphate and cobalt resources, coupled with advancements in scientific...

    Critical Minerals Sector Welcomes Federal Production Credits Amid Broader Industry Challenges

    Critical Minerals Sector Welcomes Federal Production Credits Amid Broader Industry Challenges

    The critical minerals sector has welcomed the federal government’s budget announcement about production credits as a positive step. However, the narrow focus of the policy means it will only apply to a few currently proposed projects. While this policy improvement is appreciated, the advancement of critical mineral processing projects will still require a confluence of factors, including regulatory approvals, offtake...

    South Africa’s Platinum Industry Faces Crisis Amid Global Supply and Demand Challenges

    South Africa’s Platinum Industry Faces Crisis Amid Global Supply and Demand Challenges

    The global platinum mining industry, particularly in South Africa, the largest producer, is grappling with significant challenges as weak demand has led to revenue losses and job cuts. This downturn threatens the viability of the sector, which is critical to the global energy transition due to platinum’s essential role in making electrolysers and fuel cells cost-competitive. According to the World...