Rio Tinto Group has completed the acquisition of Sumitomo Chemical Company’s (SCC) 20.64% stake in the New Zealand Aluminium Smelters (NZAS) consortium, finalizing the deal on November 1, 2024. With this transaction, NZAS, which operates the Tiwai Point aluminium smelter in New Zealand, is now wholly owned by Rio Tinto. In addition to acquiring SCC’s...
READ MORESouth Africa-based mining multinational Impala Platinum Holdings (Implats) reported a 5.5% year-on-year decrease in output, producing 947,000 ounces of platinum group metals (PGMs) in the quarter ending September 2024. Managed production volumes dropped by 6% to 751,000 ounces, while joint venture production rose by 3% to 145,000 ounces, according to the company’s first-quarter production report....
READ MOREChilean state-owned company Codelco reported a production output of 918 thousand tonnes of copper from January to September this year, reflecting a 4.9% decrease compared to the same period last year. Despite the overall decline, the third-quarter production reached 338 thousand tonnes, representing a 2% increase compared to last year’s third-quarter output. Codelco, the world’s...
READ MOREWolfden Resources Corporation has announced an option agreement to earn up to a 75% interest in the Rockland Property, located in the Walker Lane Trend of Nevada, USA. The 1,054-hectare property is located just south of Yerington and hosts a large, low-sulphidation, quartz-adularia epithermal gold-silver system. This system shares characteristics with nearby high-grade deposits such...
READ MOREThe U.S. government has expanded its Section 45X Advanced Manufacturing Production Credit to cover extraction and material costs, benefiting metal refiners while excluding pure mining companies. This change, part of the Inflation Reduction Act, was announced in final regulations by the Treasury Department and Internal Revenue Service (IRS). The 45X Advanced Manufacturing Production Credit aims...
READ MORESouth Korean copper foil producer Solus Advanced Materials has commenced mass production at its second Hungarian plant, significantly expanding its presence in Europe. The new facility, as reported by KED Global, is currently the only European production site for electric vehicle (EV) battery copper foil, with an annual output capacity of 23,000 tons. Combined with...
READ MOREAlcoa is “very bullish” on the outlook for aluminium as the energy transition drives increased demand, including a shift away from copper, CEO William Oplinger said on Wednesday. Speaking at a conference in Sydney, Oplinger highlighted that demand growth will be largely driven by the energy transition, with aluminium increasingly substituting for copper in certain...
READ MOREA collaborative team from the Technical University of Berlin, HZB, IMTEK (University of Freiburg), and Siemens Energy has developed an alkaline membrane electrolyzer that shows promise in approaching the performance of established proton-exchange membrane (PEM) electrolyzers. The electrolyzer uses cost-effective nickel compounds for the anode catalyst, replacing the traditionally costly and rare iridium. The team...
READ MOREThe U.S. Department of Energy (DOE) has closed a $2.26 billion loan to Lithium Americas Corp’s subsidiary, Lithium Nevada Corp, to support the construction of lithium processing facilities at Thacker Pass in Humboldt County, Nevada. The loan, part of the Biden-Harris Administration’s Investing in America initiative, aims to finance the project located adjacent to the...
READ MOREA conveyor belt carries raw cobalt for processing at the Etoile mine, operated by Chemaf Sarl, located in Katanga province near Lubumbashi, in the Democratic Republic of Congo. Along a 250-mile highway cutting through central Africa, thousands of flatbed trucks haul sheets of copper and sacks of cobalt hydroxide—materials essential for electric cars and other...
READ MOREChinese battery manufacturer Gotion has announced plans to invest in a lithium battery project in Vietnam’s Vung Ang Economic Zone, located in Ha Tinh Province. Representatives from Gotion met with the Ha Tinh Economic Zone Management Authority in late October to discuss the development of this energy storage facility, which aims to optimize renewable energy...
READ MOREAura Minerals will acquire a 100% interest in Bluestone Resources’ Cerro Blanco gold project in Guatemala and the Mita Geothermal project. The deal values Bluestone at C$0.50 per share, representing a 51% premium, with the total enterprise value reaching up to US$74.3 million. Bluestone shareholders can choose a cash payment of C$0.287 per share or...
READ MOREFLSmidth and Enter Engineering have signed a cooperation agreement for the supply of core mineral processing equipment for the MOF-4 copper-gold-molybdenum concentrator, currently under construction in Almalyk, located in Uzbekistan’s Tashkent region. Once completed, the plant is expected to be among the largest copper concentrators in the world. The agreement, estimated to be worth around...
READ MORERwanda has signed a new mineral exploration deal with Rio Tinto Mining and Exploration (RTX) Ltd, following the discovery of significant mineral potential in the country. The partnership aims to continue exploring Rwanda’s lithium reserves, expanding upon previous efforts in collaboration with local and international partners. The new agreement, approved during a recent cabinet meeting,...
READ MORERussia is in negotiations with other BRICS nations to establish an international precious metals exchange, Russian Finance Minister Anton Siluanov announced on Thursday. The initiative aims to promote fair pricing and boost trade in the precious metals sector, providing an alternative to Western-dominated trading venues. Siluanov detailed that the proposed mechanism would include the development...
READ MOREBizongo, a B2B e-commerce platform, has signed a deal with National Aluminium Company Limited (Nalco) to help distribute Nalco’s aluminium products through its marketplace. The agreement aims to significantly enhance Nalco’s distribution capabilities across India. Under the agreement, Bizongo will use its B2B marketplace, BizongoBuy, along with its embedded finance platform, BizongoFin, to facilitate the...
READ MOREAnglo American Platinum reported a 22% increase in its refined production of platinum group metals (PGMs) in the third quarter of 2024, reaching 1.1 million ounces. This growth in refined output comes despite a drop in metal-in-concentrate production, which was down 10% to 922,300 ounces for the same period. The company has confirmed its 2024...
READ MOREAuthorities in Vietnam’s northern province of Bac Giang have granted licenses to two China-invested projects with a total pledged capital of $83 million, according to the Provincial Industrial Zones Authority. HongKong Xinwei Electronic Co., Limited has received approval to build a $58-million facility for manufacturing lithium batteries for electronic items such as computers and phones,...
READ MOREAustralia’s corporate regulator, the Australian Securities and Investments Commission (ASIC), is investigating Mineral Resources and its founder, Chris Ellison, following allegations of undeclared payments that allowed Ellison to avoid tax. A spokesperson for ASIC confirmed that the regulator is aware of the situation, is monitoring developments, and has begun initial inquiries, though further details have...
READ MOREFirst Quantum Minerals (FQM) reported strong operational and financial results for the third quarter of 2024, driven largely by the performance of its Zambian operations at the Kansanshi and Sentinel mines. Despite ongoing power issues, FQM’s proactive measures minimized disruptions, leading to a notable increase in copper output. Kansanshi, FQM’s flagship mine in Zambia, achieved...
READ MOREBridgnorth Aluminium has launched a £2 million investment initiative in new technology at its 66-acre Midlands site as part of a long-term growth strategy aimed at expanding into new markets. The company, which employs over 330 people, has experienced a 33% increase in sales in 2024 and is currently recruiting an additional 10 employees. This...
READ MORECornish Lithium officially launched its hard-rock lithium demonstration plant at Trelavour Pit near Treviscoe on Friday, October 18. The ceremonial opening, led by Lord Falmouth, was attended by dignitaries and members of the local business community, marking a significant milestone in Cornwall’s bid to become a key player in lithium production. The demonstration plant, under...
READ MORENuVau Minerals, a mining company focused on Quebec, is set to go public this month in an effort to secure provincial government support for its Bracemac McLeod copper-zinc project in the Matagami camp. The Matagami camp, known for its rich mining history, has been operational for over 60 years. NuVau’s project is backed by a...
READ MOREGlobal refined copper production increased by 5.1% year-on-year to 18.33 million tonnes from January to August 2024, while consumption rose by 2.5% to 17.8 million tonnes, the International Copper Study Group (ICSG) reported on Tuesday. This growing gap between production and consumption led to a surplus of 535,000 tonnes, up significantly from the 75,000-tonne surplus...
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