Kumtor Gold, based in Kyrgyzstan, has announced an exceptional performance for the year 2023, with gold production totaling 15.567 tons. The company managed to sell 15.577 tons of gold, generating substantial revenue of $849 million, significantly higher than the anticipated $734.2 million. This success translated into a net profit of $302.4 million for the company,...
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Pacific Bay Minerals, a Vancouver-based mineral exploration company, has announced the acquisition of the Sphinx Mountain Rare Earth Elements Project located in Northern British Columbia, about 50 kilometers northeast of Dease Lake. The property, previously under Pacific Bay’s ownership, was subject to a 2011 work program that built upon high stream sediment sample data from...
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Estonia has officially joined the ranks of the Mineral Security Partnership (MSP), bolstering its role in the global supply chain of critical raw materials. Ene Jurjens, head of the mineral resources department at the Ministry of Climate, highlighted Estonia’s expertise in processing rare earth metals as a strategic advantage. The country aims to foster information...
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Chilean mining giant SQM, in partnership with Hancock through their joint venture, SH Mining, is poised to acquire all shares of Azure Minerals. This strategic move follows approval from the Australian competition authority, signaling a green light for the operation. The board of Azure Minerals has unanimously endorsed the proposed transaction, contingent upon no superior...
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The gold sector witnessed a significant uptick as Barrick Gold, the world’s second-largest gold producer, saw its shares climb by 3.5% following a jump in gold prices to a record high. This movement comes amidst a broader surge in mining shares, positioning Barrick Gold for further growth if its shares surpass the $16 mark, signaling...
READ MOREIn December 2023, the United States witnessed a significant uptick in zinc mine production, underscoring a robust month for the sector amidst a year of stable output levels. According to recent data, the total recoverable zinc mine production for 2023 remained steady at 753,000 metric tons, mirroring figures from 2022. However, December stood out with...
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Aneka Tambang (ANTAM), a prominent player in Indonesia’s mining sector and a member of PT Mineral Industri Indonesia (Persero) (MIND ID) – the State-Owned Enterprise Holding of Mining Industry, has outlined an ambitious plan to elevate production and sales across its main commodities in 2024. With a strategic approach towards efficient cost management, ANTAM is...
READ MOREAston Bay Holdings has forged a deal with Emerald Geological Services (EGS) to secure an 80% stake in the Epworth Property, situated in Nunavut, Canada. This pivotal arrangement mandates Aston Bay to funnel a minimum of C$3 million ($2.22 million) into exploration efforts over the next four years. Nestled about 80km southeast of Kugluktuk in...
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Eramet, a French multinational mining and metallurgy company, has reached an agreement to convert the government loans of its New Caledonia nickel unit, Société Le Nickel (SLN), into equity. As of the end of December, these loans constituted approximately 40% of Eramet’s net debt, which stood at 614 million euros. Since then, the French government...
READ MOREVale Indonesia has emphasized the crucial role of nickel in the energy transition, highlighting the need for its sustainable processing from mining to battery production for electric vehicles. According to Suparam Bayu Aji, Head of Communications at PT Vale Indonesia, the future of mining hinges on sustainable practices that consider long-term environmental impacts. With Indonesia’s...
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In Esmeralda County, Nevada, a transformation is underway, spearheaded by Bernard Rowe, a geologist and managing director of the Australian mining company, Ioneer. Since 2016, over $172 million has been invested in a project aiming to mine lithium and boron from the ancient landscape of Rhyolite Ridge, a site with a unique geological history dating...
READ MOREThe Azovsky Technopark, located in the Rostov Region, Russia, has recently been included in the Ministry of Industry and Trade of Russia’s register, marking it as the first industrial technopark in the region to meet the required standards. This announcement was made by Igor Sorokin, the Deputy Governor. The project, led by the Technopark Azovsky...
READ MORECentaurus Metals Limited has announced a strategic pivot in the development of its Jaguar Nickel Project, now planning to execute the project in two phases due to evolving nickel market conditions. The initial phase will concentrate on producing nickel sulphide concentrate, preserving the project’s nickel output. A downstream nickel sulphate refinery phase is planned to...
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Pal Kildemo, the Executive Vice President and Chief Financial Officer of Norwegian aluminium and renewable energy company Norsk Hydro ASA, is set to depart the firm. Announced by Hydro, Kildemo will transition into the role of CFO at Emirates Global Aluminium (EGA), a leading aluminium producer based in the United Arab Emirates. Kildemo, who has...
READ MOREA collaborative effort between Russian and Belarusian scientists has led to the development of substances capable of inhibiting the growth of cancer cells, offering new hope to patients battling a dangerous form of breast cancer. During their research, the team synthesized new drugs based on platinum and palladium. They crafted structures designed to interact with...
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Scientists have successfully revitalized the use of niobium to create high-performance superconducting qubits, a crucial component for building quantum computers. For over a decade, aluminum has dominated the superconducting qubits arena due to its longer coherence time, which is vital for information retention. However, niobium has offered significant advantages, including higher operating temperatures, a broader...
READ MOREAltiplano Metals has announced its operational results for the fourth quarter of 2023 at the Farellon Copper-Gold (Cu-Au) project, showcasing a remarkable increase in production and processing alongside improved copper grades. During Q4 2023, the company extracted a total of 9,114 tonnes of mineralized material and processed 8,125 tonnes, marking a 12% and 13.6% increase,...
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In a recent verdict, the Supreme Court of India dismissed the Vedanta group’s plea to reopen its copper smelting plant in Thoothukudi, Tamil Nadu. The plant has remained closed since May 2018 following the deaths of 13 individuals due to police action against a protest concerning alleged pollution issues. The bench led by Chief Justice...
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A research team from the Institute of Metal Research of the Chinese Academy of Sciences, led by Professors Zhang Zhefeng and Zhang Zhenjun, has made a significant breakthrough in enhancing the fatigue resistance of 3D-printed titanium alloys. Their study, recently published in the journal Nature, introduces an innovative approach known as Net-Additive Manufacturing Preparation (NAMP)...
READ MOREIn a significant development, the Zangezur Copper Molybdenum Combine has publicly addressed its ownership structure amidst growing concerns over international sanctions. This move comes in response to speculation about the company’s links with GeoProMining, emphasizing its adherence to legal and transparent corporate practices within Armenia. The Combine firmly stated that GeoProMining holds no ownership stakes...
READ MOREArdea Resources has received backing from a prominent Japanese business consortium for the definitive feasibility study (DFS) of its Goongarrie Hub nickel project located in Western Australia. The consortium, comprising industry powerhouses Sumitomo Metal Mining and Mitsubishi Corporation, completed its due diligence, setting the stage for binding agreements by the end of next month. This...
READ MORERusolovo, part of the Seligdar group, is finalizing the design of the Amur Metallurgical Plant in the Khabarovsk Territory. Currently, the project work is being completed, with a focus on refining technological processes. Last year saw the selection of the general contractor, and currently, there is an ongoing assessment of the required number of buildings...
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A public exhibition in Basingstoke drew a crowd of concerned citizens eager to learn more about the proposed lithium chloride production facility at St Modwen Park, Viables. Leverton, the company behind the initiative, faced public scrutiny over potential environmental and safety risks associated with the plant’s proximity to residential areas. Despite Leverton’s existing footprint in...
READ MOREEuro Sun Mining is making significant progress on its Rovina Valley project, focused on copper and gold mining in Romania. Following agreements with the government, the project will prioritize copper production in line with the Critical Raw Materials Act adopted by the European Union (EU) in December last year. Owning the entire share package of...
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