UK-based mineral exploration firm Cornish Lithium has successfully secured £53 million (approximately USD 67 million) in investment. The funding comes from the UK Infrastructure Bank, in collaboration with the Energy and Minerals Group (EMG) and TechMet. Importantly, the investors also retain the option for a second-stage investment of £168 million. While the primary focus of...
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A coalition comprising producers of raw materials, clean technology, defense, and aerospace manufacturers has appealed to policymakers, urging them to consider adding aluminium to the Strategic Raw Materials list, as outlined in the Critical Raw Materials Act. This request underscores growing apprehensions about the stability of the global raw materials supply chain. Recent challenges, such...
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A Turkish investor intends to establish a factory in the Pavlodar region, as reported by LS with reference to the regional administration. According to the information, Altrade Company (Turkey) plans to launch the first aluminum processing plant in Kazakhstan. It is expected that the facility will produce 18,000 tons of aluminum sheets annually. “In the...
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Albemarle, the world’s largest lithium producer, has set its sights on finalizing its acquisition of Australian junior competitor Liontown Resources by mid-2024, as stated by its CEO during an announcement on Tuesday. Earlier this week, Albemarle put forward a revised non-binding bid of $4.3 billion for Liontown, seeking to strengthen its access to the essential...
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Brazilian mining giant Vale has revealed its plans to commence the construction of “mega hubs” in Middle Eastern nations next year, aiming to produce low-carbon iron ore products tailored for the steel industry. The first of these hubs is anticipated to become operational by 2027. Last year, Vale had initially unveiled its intentions to establish...
READ MOREChilean state-run mining company Codelco has disclosed its intention to invest $4.1 billion during the current year, according to a statement released on Tuesday. This significant investment is part of the company’s strategy to advance various new projects. To facilitate the financing of this year’s capital expenditures, Codelco initiated a bond offering in New York...
READ MORERio Tinto (RIO.AX) announced on Tuesday that it has appointed Jérôme Pécresse as the new Chief Executive Officer for its aluminium segment, succeeding Ivan Vella, who is set to depart from the company by the end of this year. Pécresse, a French citizen with a wealth of experience in senior leadership positions within global mining...
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Leading mining services provider Thiess has been awarded a substantial AU$240 million contract for nickel mining operations by PT Halmahera Sukses Mineral, marking its second successful venture into the Indonesian nickel market in 2023. Over the course of this 3.5-year contract, Thiess will oversee the complete spectrum of mining operations, encompassing mine development, haul road...
READ MOREAccording to information from the German Aluminum Association, Aluminium Deutschland, despite the challenging economic situation in Germany, the supply of aluminum tubes and aluminum aerosol cans in the first half of 2023 showed positive developments. Regarding aluminum tubes, sustained high demand from the pharmaceutical sector and stable growth in the cosmetics and food industries led...
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A total of 197 investment funds, including those managed by major firms like Abrdn, Fidelity, HSBC, Invesco, Legal & General, and Vanguard, are pursuing legal action against Swiss mining giant Glencore. They allege that Glencore made misleading or untrue statements in its prospectuses to conceal corrupt activities. The claimants contend that they suffered financial losses...
READ MOREPeru’s government has revised its economic growth forecasts downward for this year and the next, citing challenges in the country’s copper industry, the El Niño weather phenomenon, and social unrest. The Ministry of Economy and Finance (MEF) announced in Peru’s official gazette, El Peruano, that the economy is now expected to grow by 1.1% in...
READ MOREThe Sunshine Coast is on the brink of introducing a state-of-the-art Material Recycling Facility (MRF) at a cost of A$40.5 million. Set to commence operations by the year-end, this facility is capable of processing over 60 thousand metric tons of recyclables annually, encompassing aluminum cans, glass bottles, plastic containers, cardboard, paper, and steel. The MRF’s...
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Nickel smelters in Indonesia, the world’s largest nickel producer, are resorting to rare purchases of ore from the Philippines to alleviate tight supplies, disrupting the traditional trade flows of this vital raw material and contributing to cost increases throughout the supply chain. Delays in the issuance of mining quotas by Jakarta, coupled with the suspension...
READ MORESouth Africa’s Sibanye Stillwater (SSWJ.J) is considering the introduction of a Chinese investor as a strategic partner if it succeeds in its bid to acquire Zambia’s Mopani Copper Mines, according to Chief Executive Neal Froneman in a statement to Reuters. Sibanye Stillwater, a Johannesburg-based precious metals producer, is among the shortlisted potential buyers for the...
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Copper Fox Metals (TSXV: CUU) has released an updated mineral resource estimate (MRE) for its 100%-owned Eaglehead copper-gold-molybdenum-silver porphyry copper project located in northwestern BC. The MRE was prepared by Moose Mountain Technical Services, utilizing a C$5.50 net smelter return (NSR) as the base case for the estimate. At the C$5.50 NSR cutoff, the indicated...
READ MOREThe South Korean port of Gwangyang has become the new focal point for storing London Metal Exchange (LME) aluminum. Currently, LME-registered warehouses in Gwangyang hold 256,650 metric tons of aluminum, representing 49% of all aluminum in the LME’s global warehouse network. At the beginning of the year, Gwangyang held just 24,025 metric tons of aluminum....
READ MOREQMines has reached an agreement to acquire the Develin Creek copper-zinc project located 80 km northwest of Rockhampton in central Queensland, Australia, from Zenith Minerals. The Develin Creek project’s proximity, as well as its high-grade copper and zinc resource, makes it a highly complementary addition to QMines’ Mt Chalmers copper and gold project, located 90...
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IperionX’s Tennessee-based Titan critical minerals project has achieved full permitting for development and operations, along with positive feasibility study metallurgical test results. The Titan project is strategically positioned to play a vital role in reducing the United States’ heavy reliance on foreign imports of titanium, zircon, and rare earths — essential critical minerals. Titanium, known...
READ MOREIndia-headquartered mining company Vedanta Resources, led by Chairperson Anil Agarwal, remains committed to investing $1 billion in South Africa in line with its pledge, despite facing obstacles related to infrastructure and energy security. Vedanta has already made substantial investments in zinc mining operations within South Africa. Anil Agarwal disclosed that Vedanta’s decision to invest in...
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First Tin PLC reported on Tuesday that drilling results from the Tin Beetle prospects have validated the hub-and-spoke potential at the Taronga tin project in Australia. First Tin, a London-based tin development company, primarily focuses on advanced, low capital expenditure projects in Germany and Australia. The Tin Beetle prospect is situated approximately nine kilometers southeast...
READ MOREEmpire Metals Ltd has reported promising results from an airborne gravity survey conducted at the Pitfield project in Western Australia, suggesting the presence of higher-grade titanium mineralization. The London-based minerals explorer and developer noted the identification of a “very dense” core within a 40-kilometer-long magnetic anomaly. This core indicates the possible presence of thick high-grade...
READ MORECanadian mining firm Trigon Metals has successfully produced its inaugural batch of sale-ready dried copper concentrate from the milling operations at the Kombat mine in Namibia. The mill at this mine boasts a processing capacity of 1,000 tons per day (tpd). On August 21st, the company ran the mill at 44% of its capacity, processing...
READ MOREE3 Lithium Ltd, a prominent lithium developer and innovator in extraction technology based in Alberta, has reached a significant milestone by successfully producing lithium carbonate, a critical step in the conventional process preceding the conversion to battery-grade lithium hydroxide monohydrate (LHM). This achievement was realized through test work conducted using concentrate derived from brines located...
READ MOREIan Fraser, CEO of Fathom Nickel, has announced the company’s preparations for commencing the second phase of drilling at the Gochager Lake project, scheduled to begin in early September. The upcoming drilling program is slated to encompass 5 to 6 boreholes, covering a total distance of approximately 2,000 meters. Fraser provided insights into the strategic...
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