Panoramic Resources Ltd announced a 5% increase in ore mined to 185,213T for its Savannah Nickel Project in the September quarter. Additionally, the project saw a 56% jump in concentrate production to 23,411DMT and a 42% rise in contained copper production to 932T. Learn more Breaking Metals news!
Staff Writer
Copper Prices Steady Amid Growing Inventories and Enhanced Supply
In early Asian trading sessions, copper prices remained largely unchanged, influenced by a rise in stockpiles and a boost in supply. Despite the stabilization in commodity prices attributed to a dip in U.S. bond yields, concerns about a potential economic slowdown continue to exert pressure on the industrial metal. A recent research note from ANZ Bank highlights the predicament the...
Fortuna Silver Mines Announces Q3 2023 Production Results
Fortuna Silver Mines has reported its highest-ever gold and gold equivalent production for Q3 2023 from its mines in West Africa and Latin America. The production figures for the quarter are 94,821 ounces of gold and 1.7 million ounces of silver, totaling 128,671 gold equivalent ounces when considering lead and zinc by-products. The cumulative production for the first nine months...
Novelis Releases 2023 Sustainability Report
Atlanta-based Novelis, prominent in the aluminum rolling and recycling industry, has disclosed its environmental milestones in the sustainability report for the fiscal year 2023, which covers April 1, 2022, to March 31, 2023. Steve Fisher, president and CEO of Novelis, highlighted the company’s steps in emission reduction and the inclusion of recycled content in their operations. The company aimed to...
Nano One Materials Secures CAD 16.9 Million Investment from Sumitomo Metal Mining
Nano One has completed a CAD 16.9 million strategic investment agreement and collaboration with Sumitomo Metal Mining. Nano One, a clean technology company with patented processes for producing cathode materials for lithium-ion batteries, has finalized its strategic equity investment and collaboration with Sumitomo Metal Mining (SMM). SMM acquired 5,498,355 common shares of Nano One in a private placement at a...
Copper Lake’s Norton Lake Deposit in Northwestern Ontario Shows Promise in Updated Mineral Resource Estimate
Copper Lake recently unveiled an updated mineral resource estimate for its Norton Lake Nickel-Copper-Cobalt-PGE Deposit based on their latest NI 43-101 Technical Report. The Northwestern Ontario deposit indicates open pit and underground measured and indicated resources of 1,795,000 metric tons, with an impressive average grade of 0.72% Ni and 0.69% Cu, amounting to 28.3 lbs of nickel and 27.3 lbs...
Alien Metals Ltd Finalizes Heritage Agreements for Hancock Iron Ore Project
Alien Metals Ltd has reported that its subsidiary, the Iron Ore Company of Australia, has secured Heritage Agreements with the Karlka Nyiyaparli Aboriginal Corporation RNTBC. The agreements concern two exploration licences and one miscellaneous licence associated with the Hancock Iron Ore Project in Western Australia’s Pilbara Region. Alien Metals owns a 90% interest in this project. The Heritage Agreements cover...
Almalyk Copper Plant in Uzbekistan Obtains $2.55 Billion Loan for Production Boost
The Almalyk Mining and Metals Combine (AGMK), a significant copper, silver, and gold producer in Uzbekistan, has secured a $2.55 billion loan from Germany’s KfW-IPEX Bank. This financial move aims to double AGMK’s current production capacity. Last year, AGMK produced 148,500 metric tons of copper. AGMK’s operations are primarily based on reserves of copper-molybdenum, lead-zinc, and gold-silver deposits found in...
South Africa’s Platinum Pivoting the Green Hydrogen Evolution
South Africa, holding approximately 80% of the world’s platinum group metals, is uniquely positioned in the green hydrogen revolution. Platinum, essential for hydrogen-producing electrolyzers, underscores the nation’s pivotal role. The government has unveiled a ZAR 270bn (US$17.8bn) plan to drive green hydrogen projects over a decade. With an aim for both domestic use and export, it’s supported by over 100...
The $1bn Metals Deal That Didn’t Stick
ACG’s Big Swing ACG Acquisition Co had a plan – buy a nickel and copper mine from Appian Capital for a cool billion. This wasn’t just any purchase. It was a gamble on metals vital for green energy. With heavy hitters like Glencore, Chrysler’s parent Stellantis, and Volkswagen’s battery branch, PowerCo, backing the play, it seemed like a done deal....