Increased Sanctions Under EAR The U.S. Department of Commerce amplifies its sanctions list under the Export Administration Regulations (EAR), marking Russian titanium behemoth VSMPO-Avisma and other global entities. This expansion features ten firms from China, four from Pakistan, three from Finland, and one each from Germany, Oman, and UAE. Security Concerns Trigger Action VSMPO-Avisma, known for its contributions to Russia’s...
Base Metals
Russia’s Pervasive Influence in the Metal Market Amidst Western Sanctions
Russia’s Unyielding Hold Two years after the Ukraine invasion, the West’s sanctions against Russia, intended as a fortress of economic isolation, exhibit vulnerabilities, especially in the realm of raw materials. Moscow’s influence persists, supplying an array of essential materials like pig iron, aluminum, ferroalloys, and copper that slip through the sanctions’ net. Dependence on Russian Supplies The Black Sea crisis...
C3 Metals Gains Ground with a 74% Expansion in Peru’s Jasperoide Copper-Gold Project Drill Area
A Major Leap in Exploration Efforts: C3 Metals Inc., based in Toronto, has revealed a notable expansion in its authorized drilling region at the Jasperoide Copper-Gold Project in Peru. With the recent “Authorization to Start Activities” from the Peruvian Ministry of Energy and Mines, the company has achieved a 74% increase in its drilling exploration area. Details of the Drill...
NiCo Resources Eyes Nickel Resurgence with Wingellina Project
Perth-based NiCo Resources is positioning itself as a key player amidst the increasing global nickel demand, with a renewed focus on the Wingellina deposit in the Musgrave region. A deposit that, until now, faced decades of stagnation due to resistance from traditional owners and challenging economics. A Storied History of Wingellina The Wingellina deposit’s narrative began 65 years ago when...
Glencore’s Copper Transactions Shine Light on Europe’s Reliance on Russian Goods
A Circuitous Route: In July, commodities giant Glencore moved thousands of tons of Russian copper to Italy through an indirect route via Turkey. This transaction highlights a broader issue: Europe’s underlying dependence on Russian commodities. Documents and photographs accessed by the Financial Times reveal that Glencore procured at least 5,000 tons of copper sheet manufactured by Russia’s Ural Mining and...
Billionaire-Backed KoBold Metals Sets Sights on Ambitious Zambian Copper Venture
In a bold move, California-based KoBold Metals, boasting high-profile backers including tech titans Bill Gates and Jeff Bezos, has unveiled plans to kickstart copper and cobalt production in Zambia within the next decade. The company has earmarked a staggering $150 million investment to expedite its quest for additional deposits at the promising Mingomba project, strategically positioned along Africa’s renowned copper...
Hobart Zinc Works’ $400 Million Upgrade Moves Closer to Construction
The $400 million upgrade of the Hobart zinc works has taken a significant step toward construction with the finalization of grant deeds involving the federal and state governments. The project entails the construction of a new electrolysis plant at the site, designed to enhance mineral recovery capabilities. In a memo addressed to employees, Todd Milne, the General Manager of Nyrstar...
Philex Mining Explores Nickel Mining in Zambales Amid Global Shift to Clean Energy
Philex Mining Corp., led by Manuel V. Pangilinan, has unveiled plans to seek partners as it enters the nickel mining sector in Zambales, aligning with the global transition toward clean energy. During the Mining Philippines conference, Philex President and CEO Eulalio Austin revealed the company’s interest in the nickel industry, in addition to its ongoing development of copper and gold...
Uzbekistan Plans to Partner with South Korean Sebine Technology for Aluminum and Alumina Extraction Project
Uzbekistan intends to engage the South Korean company Sebine Technology in the revival of a project focused on extracting aluminum and alumina (aluminum oxide) from kaolin deposits in the Tashkent region, according to the press service of the Ministry of Mining and Geology. Representatives from Sebine Technology recently visited subsidiary enterprises of the “Uzbeckugol” company to study the properties of...
Bayrock Resources Expands Mineral Lease Area for Vuostok Nickel-Copper Project in Northern Sweden
Bayrock Resources, backed by QX Resources, has announced an expansion of the mineral lease area for its promising Vuostok nickel-copper project located in Northern Sweden. QX Resources, led by Steve Promnitz, acquired a 39% stake in Bayrock Resources, an unlisted Australian company with a portfolio of nickel-copper-cobalt projects in Sweden, in July. The Vuostok project is situated approximately 60km northwest...