In Liebenau, representatives from the State Directorate, the Saxon Mining Authority, and Zinnwald Lithium GmbH (ZL) recently addressed questions from local citizens about the planned lithium mining in the region. Liebenau is one of two possible locations for the planned processing plant of Zinnwald Lithium GmbH, with the other being Bärenstein. ZL is currently working...
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 MORESWA Lithium, the joint venture between Standard Lithium and Equinor, has entered a license agreement with Koch Technology Solutions (KTS) for the use of its Li-Pro™ Lithium Selective Sorption (Li-Pro LSS) technology at the South West Arkansas (SWA) Project. This technology will be deployed at the commercial plant for the first phase of the SWA...
READ MORETight supply, improving demand in China, and falling inventories are expected to push zinc prices up by around 8% in the short term, analysts say. The zinc market has faced mine setbacks this year, tightening zinc ore and concentrate supplies, noted Daniel Hynes, senior commodity strategist at ANZ Research. Sibanye-Stillwater recently suspended operations at its...
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 MOREBlackRock, the world’s largest investment fund manager, has increased its stake in Alcoa, just as the Pittsburgh-based multinational records two consecutive profitable quarters. According to Bloomberg, BlackRock closed September as Alcoa’s largest shareholder, with a 9.76% stake after purchasing an additional 3.6 million shares. The firm, headed by Larry Fink, now controls a total of...
READ MORERussia has significantly increased its alumina imports from China, largely due to supplies from the Hebei Wenfeng New Materials (HWNM) plant, where Russian aluminum giant Rusal acquired a 30% stake. From January to September 2024, alumina imports from China to Russia rose by 43% year-on-year, reaching 1.2 million tons, according to data from the General...
READ MOREThe United States has approved the construction of a significant new lithium mine in Nevada and extended tax incentives to mining companies as part of a broader strategy to break China’s grip on critical mineral supply chains. Australian producer Ioneer announced on Thursday that it received federal permission for its Rhyolite Ridge lithium-boron mine, a...
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 MOREThe price of palladium on the world market has surged to $1,170 per troy ounce for the first time in ten months, driven by concerns over potential new sanctions on Russian exports. On October 24, the price jumped by more than 10% in a single day, outpacing other precious metals and reflecting market fears about...
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