Metal Mining will construct a copper smelter plant with an annual capacity of 300,000 tons of copper in Kazakhstan, Trend reports. The agreement was signed between KAZ Minerals Smelting, the customer, and China Nonferrous Metal Industry’s Foreign Engineering and Construction Company (NFC) as the service provider for the design and purchase of technological equipment. NFC...
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The Indian Ministry of Mines reports continued growth in the mining sector in April 2024, following record production levels in the fiscal year 2023-24. Iron ore and limestone, which together account for about 80% of the total MCDR mineral production by value, showed significant increases in production. In FY 2023-24, iron ore production reached 277...
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United Oil, the British company licensed to explore for oil and gas off Jamaica’s south coast, has proposed the potential for Jamaica to engage in aluminium production if commercial quantities of hydrocarbons are discovered. This proposition was presented to potential partners during an investor evening last week, as part of the company’s strategy to secure...
READ MOREAccording to the latest update from the United States Geological Survey (USGS), domestic mine production of recoverable zinc in the US reached 70,800 metric tons in March 2024. For the year through March, recoverable mine production totaled 190,000 metric tons, marking a 6% increase compared to the same period in 2023. Average daily recoverable mine...
READ MORESpot silver prices plunged by 2.5% on Thursday, nearing the $31.00 per ounce mark. FXStreet analyst Christian Borjon Valencia analyzed the technical outlook for silver, noting the sharp decline despite falling US Treasury yields. On Thursday, spot silver closed down 2.51% at $31.15 per ounce, while the yield on the 10-year U.S. Treasury note fell...
READ MORENew Zealand Aluminium Smelters (NZAS) has signed 20-year electricity agreements to secure the future of the Tiwai Point aluminium smelter. These agreements will enable NZAS to continue competitively producing high-purity, low-carbon metal, supported by a mix of renewable electricity from New Zealand’s South Island. NZAS has signed contracts with electricity generators Meridian Energy, Contact Energy,...
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Alcoa has announced that the outcome of the sale process for the San Cibrao complex in Cervo, Lugo, remains uncertain. The company is currently evaluating non-binding offers, keeping the details confidential. In a recent statement, Alcoa informed that it has been updating the committee and workers about the situation. The company is facing significant challenges...
READ MOREIvanhoe Electric Executive Chairman Robert Friedland and President and CEO Taylor Melvin have provided an update on the Santa Cruz Copper Project in Arizona, highlighting recent progress in drilling activities and the selection of external consultants for the Preliminary Feasibility Study (PFS). Taylor Melvin remarked that choosing lead external consultants marks a significant milestone for...
READ MOREGold prices slipped for the second consecutive session on Thursday as the U.S. dollar and Treasury yields edged higher ahead of key inflation data, which could offer further clarity on the Federal Reserve’s interest rate plan. Spot gold was down 0.4% at $2,330.44 per ounce as of 0311 GMT, after falling 1% on Wednesday. U.S....
READ MOREWest Perth-based Neometals has appointed Jennifer Purdie as its Chief Operating Officer. Purdie, an existing non-executive director, will support the company three days a week until December 31. Her primary focus will be on Neometals’ joint venture, Primobius, with SMS Group in Germany. Primobius, located in Nordrhein-Westfalen, specializes in recycling scrap lithium-ion cells and end-of-life...
READ MOREGold and silver prices are higher, with silver showing significant gains in early U.S. trading Tuesday. Positive daily outside-market forces are supporting the bulls at the start of the U.S. trading week. The U.S. dollar index is lower, and crude oil prices are higher. June gold increased by $14.30 to $2,348.80, while July silver rose...
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Galantas Gold Corporation has announced plans to drill test the Kearney North target at its Omagh Project in County Tyrone, Northern Ireland. The company aims to explore the northern extension of the main Kearney Vein and investigate further dilation zones. Mario Stifano, CEO of Galantas, expressed enthusiasm for returning to surface drilling to extend the...
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Savannah has completed a phase of drilling at the Barroso mine in Boticas and will now demobilize the machines and analyze the collected data in the laboratory. The company aims to start production by the end of 2026. Nearly a year after the favorable Environmental Impact Statement (DIA) was issued for the Barroso lithium mine...
READ MOREGold Royalty has entered into a binding purchase and sale agreement with OMF Fund III (Cr), managed by Orion Mine Finance Management LP, to acquire a copper stream on the Vares Silver Project in Bosnia and Herzegovina. The project is operated by a subsidiary of Adriatic Metals. The transaction, valued at $50 million, includes $45...
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Spot silver prices experienced a significant surge of more than 4%, closing at $31.60 per ounce on Monday. This strong upward movement was highlighted in FXStreet analyst Christian Borjon Valencia’s latest article on the technical outlook for silver prices. According to Valencia, silver prices rebounded sharply from a low of $30.25/oz amid thin liquidity conditions....
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LX International has announced plans to expand nickel production at the Adhi Kartiko Pratama (AKP) mine in Indonesia over the next three years. This decision comes in anticipation of increased demand for secondary batteries, despite a recent slump in the electric vehicle (EV) market. The AKP mine is located near the Morowali Industrial Park in...
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Grupo México SAB de CV’s Asarco unit is negotiating with unionized workers to restart the mothballed Hayden copper smelter and nearby copper mines in Arizona, as well as the Amarillo copper refinery in Texas, according to a Reuters report on May 24. This move is driven by surging copper prices and the increasing need for...
READ MOREAurubis, a leading supplier of non-ferrous metals, has successfully commissioned a state-of-the-art automated system at its Lunen plant, setting new standards in the recycling industry. The company invested a mid-single-digit-million-euro amount in this innovative system, which automates the sample preparation of feed materials such as e-scrap using cutting-edge robotics. The new system significantly enhances efficiency...
READ MOREDeputy Governor of the Kaluga Region, Vladimir Popov, announced the successful completion and operation of a new high-tech workshop, built and equipped in less than a year. The relevant agreement for this project was signed during the St. Petersburg International Economic Forum (SPIEF) in 2023. The total investment in the project exceeded 500 million rubles....
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Russian energy and metallurgical holding En+ has announced significant changes in its top management. Mikhail Khardikov has completed his term as CEO of En+, according to a company announcement. The Board of Directors has approved Vladimir Kolmogorov, previously the director of Eurosibenergo, as the new CEO of En+. Kolmogorov has extensive experience, having served as...
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The London Metal Exchange (LME) has approved the listing of the first Indonesian brand eligible for delivery against the exchange’s primary nickel contract, bolstering the selling power of the world’s largest nickel producer. This milestone marks Indonesia’s emergence as a significant player in high-purity nickel production, which is traded on the LME, the world’s largest...
READ MOREA study by researchers at the University of Michigan and Cornell University has found that the current rate of copper mining cannot meet the demands set by U.S. policy guidelines for transitioning the country’s electricity and vehicle infrastructure to renewable energy. The paper, published by the International Energy Forum, analyzed 120 years of global data...
READ MOREIn a significant move towards renewable energy, Vedanta’s aluminium business will no longer expand its coal-fired capacity, according to CEO John Slaven. Vedanta Aluminium, the largest aluminium producer in India, aims to increase its renewable energy usage to 30% by 2030, up from nearly 5% currently. The company presently operates 4.8 gigawatts of coal-based power...
READ MOREDespite efforts by Western countries to reduce reliance on China for critical minerals essential for defense and green technologies, Chinese companies are becoming increasingly dominant. Their expansion and increased supply are causing global prices to drop, making it difficult for challengers to compete. “China is not just standing still waiting for us to catch up,”...
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