Nickel smelters in Indonesia, the world’s largest nickel producer, are resorting to rare purchases of ore from the Philippines to alleviate tight supplies, disrupting the traditional trade flows of this vital raw material and contributing to cost increases throughout the supply chain. Delays in the issuance of mining quotas by Jakarta, coupled with the suspension of operations at a key...
Base Metals
Sibanye Stillwater Mulls Chinese Investment for Mopani Copper Mines Acquisition
South Africa’s Sibanye Stillwater (SSWJ.J) is considering the introduction of a Chinese investor as a strategic partner if it succeeds in its bid to acquire Zambia’s Mopani Copper Mines, according to Chief Executive Neal Froneman in a statement to Reuters. Sibanye Stillwater, a Johannesburg-based precious metals producer, is among the shortlisted potential buyers for the copper mines owned by a...
Copper Fox Metals Updates Mineral Resource Estimate for Eaglehead Project
Copper Fox Metals (TSXV: CUU) has released an updated mineral resource estimate (MRE) for its 100%-owned Eaglehead copper-gold-molybdenum-silver porphyry copper project located in northwestern BC. The MRE was prepared by Moose Mountain Technical Services, utilizing a C$5.50 net smelter return (NSR) as the base case for the estimate. At the C$5.50 NSR cutoff, the indicated in situ grades are reported...
Gwangyang Emerges as Key Hub for Storing LME Aluminium
The South Korean port of Gwangyang has become the new focal point for storing London Metal Exchange (LME) aluminum. Currently, LME-registered warehouses in Gwangyang hold 256,650 metric tons of aluminum, representing 49% of all aluminum in the LME’s global warehouse network. At the beginning of the year, Gwangyang held just 24,025 metric tons of aluminum. However, substantial inflows, primarily consisting...
Apollo Minerals to Acquire Belgrade Copper Project with Significant Exploration Potential
Apollo Minerals is in the process of acquiring the Belgrade copper project in Serbia, a project that holds the potential for world-class sedimentary-hosted copper deposits. Belgrade’s Studena, Donja Mutnica, and Kopajska Reka prospects were originally part of Reservoir Minerals’ Serbian assets before they were acquired by Nevsun Resources in 2016 for US$365 million and subsequently by Zijin Mining in 2018...
QMines to Acquire Develin Creek Copper-Zinc Project from Zenith Minerals
QMines has reached an agreement to acquire the Develin Creek copper-zinc project located 80 km northwest of Rockhampton in central Queensland, Australia, from Zenith Minerals. The Develin Creek project’s proximity, as well as its high-grade copper and zinc resource, makes it a highly complementary addition to QMines’ Mt Chalmers copper and gold project, located 90 km west of Develin Creek....
Apollo Funds Completes Acquisition of Arconic Corp. with New CEO Appointment
Apollo Funds has successfully concluded its previously announced acquisition of Arconic Corp., a Pittsburgh-based manufacturer specializing in aluminum extrusions, sheet, and plate. Simultaneously, Arconic’s board of directors has introduced Chris Ayers as the new board chair and CEO, effective from September 11. Current Arconic CEO Tim Myers expressed his thoughts on the transaction, stating, “The closing of this transaction with...
Vedanta Resources Continues Commitment to South Africa Despite Infrastructure Challenges
India-headquartered mining company Vedanta Resources, led by Chairperson Anil Agarwal, remains committed to investing $1 billion in South Africa in line with its pledge, despite facing obstacles related to infrastructure and energy security. Vedanta has already made substantial investments in zinc mining operations within South Africa. Anil Agarwal disclosed that Vedanta’s decision to invest in South Africa was influenced by...
First Tin PLC Confirms Hub-and-Spoke Potential at Taronga Tin Project in Australia
First Tin PLC reported on Tuesday that drilling results from the Tin Beetle prospects have validated the hub-and-spoke potential at the Taronga tin project in Australia. First Tin, a London-based tin development company, primarily focuses on advanced, low capital expenditure projects in Germany and Australia. The Tin Beetle prospect is situated approximately nine kilometers southeast of the main Taronga mineralization...
Mining for innovation: the R&D structures of steel companies at work
Metallurgy has evolved from a highly conservative industry to one of the most innovative and high-tech in the world. Here’s an overview of how Russian companies’ R&D efforts are structured and what they’re working on. A pivot to innovation Metallurgy and mining have historically been considered conservative industries. The first decade of the 21st century saw a significant increase in...