The ratio of Kazakhstan’s proven gold reserves to the country’s gold production currently stands at 1.2, indicating that explored gold reserves exceed current production levels, according to Minister of Industry and Construction Kanat Sharlapayev. This means that Kazakhstan’s gold reserves are in a healthy state, with more being discovered than is being extracted. For copper,...
READ MOREKingsrose Mining has received approvals to begin drilling at the Karenhaugen prospect, located within the Porsanger Project in Norway. The Porsanger Project is positioned at the northern end of two converging greenstone belts, which are considered highly prospective for ultramafic-hosted massive sulphide nickel, copper, and platinum group element mineralisation. Kingsrose initially applied for the drilling...
READ MORENorthern Star Resources has agreed to acquire De Grey Mining in an all-stock transaction valued at approximately A$5 billion ($3.26 billion). This acquisition comes as gold prices hover near record highs, prompting gold companies to secure new mining assets in a competitive landscape. The acquisition will give Northern Star one of the largest undeveloped gold...
READ MOREHemerdon Mine, located on the outskirts of Plymouth, Devon, has called on the UK government for support in extracting one of the world’s largest tungsten deposits. According to company executives, the mine, operated by Tungsten West since 2019, holds the second largest deposit of tungsten globally. Tungsten is a critical mineral with high demand in...
READ MOREScientists have developed a stable nickel-based catalyst with a copper admixture capable of converting ethanol into synthesis gas with 95% efficiency. This process, which utilizes ethanol produced from carbon dioxide, offers a potential solution for reducing greenhouse gases while producing synthesis gas used in chemical production and power generation. The study, supported by the Russian...
READ MOREMolyon, a startup spun out of 15 years of research at the University of Cambridge, has secured $4.6 million in funding to kickstart manufacturing at its first pilot facility for lithium-sulfur (Li-S) batteries. The company claims its Li-S technology offers twice the energy density of traditional lithium-ion batteries, marking a significant advancement in energy storage...
READ MOREPlatinum Group Metals, a Canadian company focused on developing the Waterberg Project in South Africa’s Limpopo province, has signed a memorandum of understanding (MoU) with Saudi Arabia to construct a platinum group metals (PGM) processing facility in the Kingdom. The MoU was signed with Ajlan & Bros Company for Mining and the Ministry of Investment...
READ MOREPortuguese energy company Galp announced on Tuesday that it has dropped its plan to build the Aurora lithium refinery, after failing to find a new partner to replace Northvolt. The Swedish battery manufacturer Northvolt had originally partnered with Galp in a 50-50 joint venture set up in November 2021 to build the lithium processing plant...
READ MOREKorea Zinc Inc., the world’s largest lead and zinc smelter, has announced that its Australian subsidiary, Ark Energy, has selected Hanwha Corp. as the preferred partner for a battery energy storage system (BESS) project in Australia. The partnership comes as part of ongoing efforts to develop renewable energy solutions within the region. Korea Zinc and...
READ MOREU.S. mining giant Newmont has agreed to sell its large gold mine in northern Canada for $795 million (123 billion yen) in cash. This move is part of the company’s broader strategy to sell off non-core assets following its acquisition of Australia’s Newcrest Mining, the largest-ever merger and acquisition (M&A) in the gold mining sector....
READ MOREEcuador’s exports of copper, lead, and precious metals fell during the first three quarters of the year compared to the same period last year, as the country’s largest mines limited production, the government announced on November 25. Copper-lead concentrates dropped 16.7% to 447,277 metric tons (mt) through September, down from 536,684 mt a year earlier....
READ MORECapstone Copper, a Canadian-based multi-asset copper producer, is eyeing significant growth as it expands its operations in Chile and other regions. Listed on both the Toronto Stock Exchange and, as of this year, the Australian Stock Exchange (ASX), Capstone currently operates four mines across Chile, the United States, and Mexico, with additional development projects in...
READ MOREA new technology developed by MTM Critical Metals has the potential to bring about a significant shift in the processing of rare earth elements (REE). The company’s flash joule heating (FJH) technology has successfully removed nearly 50% of the main impurities—iron, aluminium, calcium, and phosphorus—from REE flotation concentrate in a single step. This breakthrough now...
READ MORENational Taiwan University of Science and Technology (NTUST) Professor Wang Fu-min has been awarded the 2024 Y.Z. Hsu Science Award in Green Technology for his groundbreaking innovations that enhance the safety of lithium batteries. Wang’s research focuses on addressing one of the key challenges in battery technology: improving safety without sacrificing performance. Professor Wang developed...
READ MOREScientists have uncovered a vast lithium reserve worth nearly £429 billion ($540 billion) beneath California’s Salton Sea, revealing a staggering potential supply of the valuable element. The Salton Sea, already known to be sitting on a lithium reserve, was found to conceal far more of the element than previously thought. A new study, funded by...
READ MOREElectraLith, a lithium technology startup backed by Rio Tinto, expects to finalize a funding round to raise A$29 million ($19 million) within the next week, despite the current struggles in the global lithium market. The company’s Melbourne-based CEO, Charlie McGill, expressed optimism regarding the oversubscribed investor base, highlighting the strong interest even in a challenging...
READ MOREAustralian resources giant BHP Group is set to invest at least $11 billion in copper projects across Chile, including at Escondida, the world’s largest copper mine. This significant commitment is driven by the anticipated global copper supply shortfall of 10 million tons over the next decade. Details of the investment plan were shared with investors...
READ MOREThe government of Tamil Nadu has stated that it has not received any application from Hindustan Zinc Limited (HZL), a subsidiary of Vedanta, for permission to mine tungsten across 5,000 acres in Madurai district. Furthermore, the state has not granted any such approval, a position reaffirmed on Thursday amid concerns about the ecological impact. The...
READ MOREMitsui, a major Japanese trading firm, has reportedly outbid Saudi Arabia’s Manara Minerals for a minority stake in Canada’s First Quantum Minerals’ copper mines in Zambia. This development, reported by Bloomberg on November 19, underscores the intense competition among global powers for Africa’s vital mineral resources. According to unofficial sources, Mitsui has offered approximately $2...
READ MOREWorld copper prices may weaken to around $8,500 per ton over the next four months as concerns grow over the potential trade feuds likely to be triggered by the Trump administration, according to projections shared at Asia Copper Week held in China. The copper price on the London Metal Exchange (LME) fell by about $350...
READ MOREVulcan Energy and BASF have signed a memorandum of understanding to explore geothermal energy usage at BASF’s Ludwigshafen facility in Germany. The partnership aims to leverage natural geothermal heat to provide a renewable energy source for BASF’s largest production site, and could also benefit surrounding urban areas like Frankenthal and Ludwigshafen. The project is intended...
READ MOREExxonMobil and LG Chem have signed a non-binding memorandum of understanding (MOU) for a multiyear offtake agreement involving up to 100,000 metric tons of lithium carbonate. The lithium is planned to be sourced from ExxonMobil’s upcoming U.S.-based project and supplied to LG Chem’s cathode plant in Tennessee, which is expected to be the largest such...
READ MORECirba Solutions, a leading battery recycling and materials management company, has achieved a significant milestone in expanding its lithium-ion processing facility in Lancaster, Ohio. The expanded facility will produce battery-grade metal sulfates and lithium carbonate, which will serve as raw materials for precursor cathode active materials (pCAM) and cathode active materials (CAM) to support the...
READ MOREAluminum prices were flat in early Asian trade, with investors watching for the impact of China ending its export tax rebates on semi-manufactured aluminum products. Analysts from ANZ Research noted that Chinese fabricators have been rushing to export ahead of the upcoming rebate cut scheduled for December. Some shipments are being expedited at the request...
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