The Slovalco aluminium plant in Žiar nad Hronom, known for its environmentally friendly production methods, has faced a shutdown for over a year due to soaring electricity prices during the 2022 energy crisis. This led to the curtailment of primary aluminium production and a significant reduction in the workforce. Despite the plant’s long history of...
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BHP is currently navigating through the early stages of an internal restructure, a move that has sparked concerns over potential job losses within its Western Australian operations. The company has introduced significant changes aimed at streamlining its global operating model, yet the full impact on employment remains unclear. This week, BHP unveiled plans to reorganize...
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New Zealand’s energy security for the upcoming winter has been bolstered following an agreement between Rio Tinto, the majority owner of the Tiwai Point aluminium smelter, and Meridian Energy, its main power supplier. The deal will enable the redirection of 20 megawatts (MW) of electricity back to the national grid during peak demand periods, in...
READ MOREResearchers from RMIT University in Australia have made a significant breakthrough in 3D printing technology by creating a titanium structure that surpasses the strongest known alloys by 50%. This development marks a pivotal moment in the use of metamaterials, which are engineered to have properties not found in naturally occurring materials, for industrial and medical...
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In a significant move within the mining sector, Zambia Consolidated Copper Mines-Investment Holdings (ZCCM-IH) shareholders have approved the sale of a 51% stake in Mopani Copper Mines (MCM) to Delta Mining, a subsidiary of the United Arab Emirates’ International Resources Holding. The agreement, finalized at ZCCM-IH’s extraordinary general meeting on February 23, values the transaction...
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Sumitomo Metal Mining Co., Ltd. has revealed a significant increase in the estimated mineral resources in the Gosselin area, close to the Coté gold mine development project in Canada. This announcement, made on March 26, follows IAM Gold’s report on March 15, which highlighted that the estimated mineral resources in the area have reached 137...
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Minerals Development Oman (MDO) has commenced the redevelopment of the Lasil and Al Baydha copper mines in Block 4, located in the Wilayats of Sohar and Liwa. This significant move, marked by a groundbreaking ceremony attended by Eng. Salim Nasser Al Oufi, Minister of Energy and Minerals, heralds the start of Oman’s renewed focus on...
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Premier African Minerals, a diversified mining group focused on Zimbabwe, is navigating through both promising developments and challenges at its Fort Rixon lithium mine in Matabeleland South Province. CEO George Roach shared his mixed feelings about the progress at the Zulu Lithium plant, which is on the brink of commencing commercial production, with initial shipments...
READ MOREZijin Mining, a leading Chinese gold and copper producer, is setting its sights on expanding the Julong copper mine in Tibet, aiming to elevate it to the status of the world’s largest single copper mine. The total investment for this ambitious project is estimated at 17.5 billion yuan ($2.43 billion), with plans already underway to...
READ MOREBHP is making significant strides at Oak Dam, a landmark copper discovery that’s setting South Australia on a path to becoming Australia’s copper capital. The surge in activities follows the State Government’s green light for an extensive exploration program, with BHP now operating 12 drilling rigs and a bustling 150-person camp, signaling a major push...
READ MOREAluminium Sector’s Strategic Expansion Emirates Global Aluminium’s Egyptian Project In a significant move to expand its global footprint, Emirates Global Aluminium (EGA) is in advanced negotiations with the Egyptian Ministry of Public Enterprises to establish a state-of-the-art aluminium smelter in Northern Egypt. This ambitious project, with an estimated investment of $3 billion, aims to produce...
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The United Kingdom has escalated its sanctions regime, targeting the management of the Ural Mining and Metallurgical Company (UMMC), among others, in its latest move to address arms suppliers and key revenue sources for Russia. This decision, announced by the UK’s Foreign and Commonwealth Office, underscores the international community’s ongoing efforts to apply economic pressure...
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The Sverdlovsk Region of Russia marked the commencement of a significant new development within the Titanium Valley Special Economic Zone (SEZ) on 22 February. Dmitry Ionin, Deputy Governor of the region, led the groundbreaking ceremony for a new plant dedicated to producing titanium bars, rings, and ingots. This venture, spearheaded by the Isetsky Forging and...
READ MORECanadian mining giant Teck Resources has outperformed market expectations with its fourth-quarter profits, attributing its success to robust copper prices. The company announced an adjusted profit of C$1.40 per share for the quarter ending December 31, surpassing analysts’ forecasts of C$1.33 per share, as per LSEG data. Copper prices, experiencing a 2.1% increase in 2023,...
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In the central Uzbek town of Olmaliq, workers from Uzbekistan and India employed by Enter Engineering, an industrial construction firm, have staged a protest over unpaid wages. The demonstration, held on 21 February, highlighted the growing unrest among employees who claim they have not received their salaries for months. Videos circulating on social media show...
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OceanaGold today announced its operational and financial results for the fourth quarter and the full year ended December 31, 2023. The company successfully met its 2023 production guidance, achieving a total gold production of 477,313 ounces and copper production of 14,172 tonnes, aligning with initial projections for the year. This performance was bolstered by significant...
READ MOREVale, a leading Brazilian mining company, has encountered a significant regulatory hurdle with the suspension of its operating license for the Sossego copper mine, as notified by the State of Para’s environmental secretary. The specifics behind the suspension were not disclosed in the company’s announcement. Vale has expressed its commitment to adhering to the socio-environmental...
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In a significant stride towards bolstering Canada’s position in the global mining and electric vehicle (EV) supply chain, Canada Nickel Company has unveiled plans to establish two state-of-the-art mineral processing facilities in Timmins. This announcement, made by CEO Mark Selby, marks a pivotal development for the region, promising to usher in a new era of...
READ MOREGlencore, the Swiss-based global commodities powerhouse, witnessed a significant 75% drop in profits last year, with earnings falling to $4.3 billion from a record $17.3 billion in 2022. This decline is attributed to the decrease in metal prices following the economic aftershocks of Russia’s invasion of Ukraine. Despite the downturn, Glencore’s adjusted earnings before interest,...
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First Quantum Minerals, a key player in the copper mining industry, has reported a significant fourth-quarter loss, further compounded by a strategic offtake agreement with Jiangxi Copper, its largest shareholder. The company announced a $500 million deal to supply copper anode material from its Kansanshi mine in Zambia to Jiangxi under a three-year prepayment arrangement....
READ MOREPacific Nickel Mines has announced significant progress in the ramp-up of its mining and stockpiling activities at the Kolosori Nickel Project located in the Solomon Islands. The company, which boasts an 80% stake in the project, is making strides towards achieving its operational goals despite challenges. Key developments include the successful loading of a second...
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In a recent development that has caught the attention of the mining industry, Brazilian mining giant Vale’s board of directors faced a deadlock over the decision on whether to extend Chief Executive Eduardo Bartolomeo’s tenure. According to sources familiar with the matter, during a board meeting held on Thursday, the vote on Bartolomeo’s reappointment ended...
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As the global demand for minerals crucial for the technology and energy sectors surges, deep-sea mining appears to be an inevitable development, according to Michael Lodge, the Secretary-General of the International Seabed Authority (ISA). Lodge highlighted the industrial appeal of deep-sea mining, noting its potential for producing significant quantities of minerals at costs comparable to...
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Gokhran of Russia, the governmental institution responsible for the storage of precious metals and gems, has announced its intention to purchase 400 kg of refined palladium in standard ingots for the State Fund of the Russian Federation by March 20, 2024. This move is part of the country’s strategy to augment the liquidity of its...
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