Banco Aluminium is making preparations to establish an aluminium billet manufacturing unit in Miyagam village, Karjan taluka, Vadodara district, Gujarat. The proposed unit, covering an area of 18.08 acres, is set to have a manufacturing capacity of 72,000 tonnes per annum (tpa). As the company moves forward with its plans, it is currently working towards...
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Southern Copper is expressing increasing optimism about the possibility of constructing a highly contested copper mine in Peru’s coastal mountains as sociopolitical tensions appear to be easing. The company has faced challenges for years in convincing local communities of the benefits of the Tia Maria project. In 2019, the approval of its mining license sparked...
READ MOREGlencore International AG and Pan American Silver Corp have reached a definitive agreement for Glencore to acquire the 56.25% stake in the MARA project from Pan American Silver. The deal entails Glencore paying $475 million in cash upon closing and granting Pan American a copper Net Smelter Return (NSR) royalty of 0.75%.The MARA project, situated...
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Chilean state-owned copper miner Codelco has revised its copper output forecast for the year due to ongoing operational delays and mining accidents. In its recent results briefing, the company announced a downward adjustment to its annual copper production forecast, now ranging between 1.31 million and 1.35 million tonnes. This is a significant reduction from the...
READ MORETrue North Copper is starting copper sulphate production at its Cloncurry project in Queensland. The initial production capacity is estimated to be 12,000 tons per year of copper sulphate crystal. True North Copper has already secured an offtake agreement with Kanins International, an Australian company, for the entire production of copper sulphate. True North’s Managing...
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Copper prices in London have witnessed a remarkable surge, heading towards their best monthly performance since January, buoyed by the prospects of additional stimulus measures in China, the world’s leading consumer of the metal, and indications that the US Federal Reserve will halt rate hikes for the year. As of 08:12 GMT, the three-month copper...
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Plotlogic, a leading provider of ore characterization technology, has successfully raised Series B funding co-led by Galvanize Climate Solutions and SE Ventures, with support from existing investors and Main Sequence Ventures. The company’s innovative OreSense® technology, combining sensor stack and artificial intelligence (AI), enables real-time scanning and accurate ore characterization, empowering mining companies to increase...
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Galvorn, a remarkable material developed by Houston-based DexMat, is making waves in the green tech landscape. Stronger than steel, lighter than aluminum, and as conductive as copper, Galvorn presents itself as a promising alternative to rare and expensive copper, which plays a crucial role in electronics. Backed by a significant investment of over $20 million...
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Kazakhstan’s central bank is taking strategic measures to adjust its gold reserves as global market dynamics shift, as reported by the Greater Houston Partnership. The bank aims to “replenish the foreign-currency part of the reserves, which is invested in highly liquid instruments in external markets” by shifting away from bullion holdings. Kazakhstan is among several...
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As of July 28, 2023, Niger has suspended its constitution and dissolved all institutions following a military coup that overthrew President Mohamed Bazoum. It’s worth noting that Niger is one of the world’s significant uranium producers and holds the seventh position globally in uranium production, according to the World Nuclear Association (WNA). Uranium is a...
READ MOREIn a significant move to expand its global mining assets, Saudi Arabian Mining Company, known as Ma’aden, has entered into an agreement to acquire a 10% stake in Brazil’s base metals company Vale. The transaction, facilitated through Ma’aden’s joint venture Manara with the Public Investment Fund, is valued at $26 billion based on enterprise value....
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Southern Copper Corp. is expressing a newfound sense of optimism regarding its long-fought battle to construct a copper mine in the coastal mountains of Peru. The Tia Maria project has faced vehement opposition from local communities for years, leading to protests and political resistance. However, recent developments indicate progress in the company’s efforts to garner...
READ MOREVancouver-based Rover Metals has been directed by the US Bureau of Land Management (BLM) to develop a comprehensive plan of operations before commencing any exploration drilling at its Let’s Go Lithium (LGL) project located in rural Nevada. To comply with this requirement, the company will initiate discussions with environmental consulting firms this week to seek...
READ MOREExxonMobil has taken a significant step into the lithium mining sector by leasing around 120,000 acres in southern Arkansas for $100 million. The region, once known for its oil boom, is now attracting attention for its high lithium content in brine, making it a crucial resource for modern technology. Southern Arkansas, particularly the City of...
READ MOREMining and rail conglomerate Grupo Mexico, a major player in the global copper production industry, has announced a notable 38% increase in net profit for the second quarter. The rise in earnings was driven by higher copper sales and robust results from its transportation unit. Grupo Mexico reported earnings of 11 cents per share, surpassing...
READ MOREThe government of Vietnam has developed a plan to significantly boost rare earth metals mining in the country to 2.02 million metric tons per year by 2030, according to Reuters. Last year’s mining volume amounted to 4,300 tons, meaning it will need to increase approximately 470 times over the next eight years. Vietnam currently ranks...
READ MOREAccording to a report by Bloomberg News on July 28, Glencore, the commodity trader, and miner is engaged in advanced discussions to purchase its partner’s stake in the Mara copper project in Argentina. The move is part of Glencore’s strategy to increase its exposure to the metal. The company is reportedly in the final stages...
READ MOREOrion Minerals Ltd (ASX:ORN, JSE:ORN) has taken significant strides in its early production strategy for the Prieska Copper-Zinc Project in South Africa by releasing an updated Mineral Resource Estimate (MRE) for the near-surface +105 Level Crown Pillar. The updated MRE reveals a robust mineral resource, consisting of 2.3 million tonnes grading 1.7% copper and 1.6%...
READ MOREIvanhoe Mines (TSX: IVN) has revealed a significant improvement in the potential production capacity of its Kamoa-Kakula copper complex in the Democratic Republic of the Congo. The Vancouver-based miner demonstrated that by liberating copper from the tailings stream, a substantial enhancement in total recoveries can be achieved. Since 2022, Ivanhoe’s process engineering team, along with...
READ MOREKettering-based building and engineering products supplier Alumasc Group PLC has announced its agreement to acquire ARP Group, a leading manufacturer and distributor of specialist metal rainwater and architectural aluminium goods. ARP Group consists of ARP Group Holdings Ltd and its subsidiary Aluminium Roofline Products Ltd, along with Rainwater Online Holdings Ltd and its subsidiaries Envelope...
READ MORELondo Nickel, a company preparing for an initial public offering (IPO) on the Australian Securities Exchange (ASX) later this year, has signed an option agreement with EMX Royalty to acquire 100% ownership of the Flåt and Bamble nickel-copper sulphide projects in Norway. As per the deal, Londo Nickel will initially make a $30,000 (A$44,266) cash...
READ MORESigma Lithium has achieved a significant milestone with the completion of its first shipment of battery-grade lithium from the Grota do Cirilo lithium mine in Minas Gerais, Brazil. The shipment consists of 15,000 tons of high-purity lithium concentrate and an equal amount of by-products from the operation, which will be refined to become lithium concentrate...
READ MOREChina’s Zhejiang Huayou Cobalt announced on Tuesday its plans to invest $200 million in a nickel sulfate project in Indonesia, as part of its efforts to expand production of this essential battery raw material. The investment will be made through its subsidiary, Huayao International Investment, in a joint venture with Singapore-based Strive Investment Capital and...
READ MOREVancouver-based Midnight Sun Mining Corp. (TSXV: MMA, OTCQB: MDNGF) has released the remaining drill results from holes MTDD047 and MTDD048, along with a summary of results from the 2022 drilling campaign on the Mitu trend, part of the company’s Solwezi project in Zambia. Following the conclusion of drilling in 2022, initial laboratory results were received....
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