Mexican copper projects are set to play a significant role in meeting global demand for copper over the next decade, according to a report from the mining chamber Camimex. The report suggests that five copper projects in Mexico have the potential to contribute 324,000 metric tons per year to global demand through 2030, driven by...
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Vancouver-based Imperial Metals has announced higher copper and gold production in the second quarter of the year, driven by increased output from the Mount Polley and Red Chris mines in British Columbia. The TSX-listed firm reported production of 11.18 million pounds of copper and 14,289 ounces of gold for the three-month period, with 7.06 million...
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Prices for copper and other base metals saw a rise in London on Tuesday following China’s commitment to bolster its economy and boost domestic demand. Three-month copper on the London Metal Exchange increased by 1.3% to reach $8,626 per metric ton during official open-outcry trading, touching its highest level since July 14 at $8,676. China’s...
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Bluejay Mining has announced that it will reclaim a 100% ownership stake in the Enonkoski nickel-copper-cobalt project in Finland, following the conclusion of its joint venture (JV) agreement with mining giant Rio Tinto. The JV and earn-in agreement, signed in 2020, allowed Bluejay and Rio Tinto Exploration Finland to conduct exploration work at the Enonkoski...
READ MOREHighland Gold Mining (HGM), led by entrepreneur Vladislav Sviblov, is gearing up to commence the development of a state-of-the-art mining plant at the Kun-Manie deposit in the Amur region of Russia by 2024. The decision to move forward with this ambitious project comes after Bering Metals, a company owned by Vladislav Sviblov, acquired the polymetallic...
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Global Energy Metals Corporation has made a groundbreaking announcement regarding its Råna Project in Norway. The company’s strategic partner, Kingsrose Mining Limited, has successfully completed ground-based electromagnetic (EM) and other surveys at the Bruvann Mine area, unveiling the presence of strong apparent conductive bodies with massive sulphide mineralization potential in three locations near the former...
READ MORERio Tinto, a global leader in aluminum production, and Giampaolo Group, one of North America’s largest fully-integrated metal management businesses, have entered into an agreement to form a joint venture focused on manufacturing and marketing recycled aluminum products. The joint venture is driven by the partners’ shared commitment to meeting the rising demand for low-carbon...
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Researchers from the Universities of Birmingham and St Andrews, along with Diamond Light Source, have made a groundbreaking discovery of a novel copper protein binding site that has potential applications in MRI contrast agents. This discovery challenges the conventional belief that copper is unsuitable for use in MRI and could pave the way for new...
READ MORESouth African platinum miner, Impala Platinum (Implats), has successfully completed its bid to control Royal Bafokeng Platinum (RBPlat), raising its stake to 91%. The acquisition process involved purchasing a 34.5% stake in RBPlat from fellow South African miner, Northam, for R9 billion ($505 million) and around 30 million Implats shares. The rivalry between Northam and...
READ MOREEcuador’s government announced on Thursday that it has successfully concluded negotiations with Australian miner SolGold (OTCPK: SLGGF) to move forward with the development of the Cascabel copper-gold mine. The ambitious project is anticipated to require a substantial investment of nearly $5 billion over its operational lifespan. According to government projections, the Cascabel mine has the...
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On Friday morning, shares of Newcrest Mining experienced a significant drop of 4.9 per cent, following disappointing earnings reported by Newmont Corporation, the takeover bidder for the Australian mining company. Newmont’s financial results fell short of analyst expectations, leading to a negative impact on Newcrest’s stock performance. As of 10:17 am, Newcrest shares were trading...
READ MOREEmirates Global Aluminium (EGA) recently announced a significant memorandum of understanding (MOU) with ITOCHU Corporation of Japan to collaborate on aluminium production growth with a focus on decarbonization and developing domestic industries in EGA’s supply chain. The MOU was signed during the UAE’s Japan-UAE Business Forum and in the presence of esteemed dignitaries, including Abu...
READ MOREUniversity of California Irvine (UCI) scientists have achieved a significant breakthrough in the quest for more sustainable electric vehicle (EV) batteries. They developed a revolutionary chemistry that creates long-lasting, cobalt-free lithium-ion batteries, with nickel playing a key role. Currently, cobalt is commonly used as a stabilizing agent in EV batteries, but it is expensive and...
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The recent experiments conducted at the U.S. government’s Sandia National Laboratories have demonstrated that pieces of pure platinum and copper can spontaneously heal cracks caused by metal fatigue. Metal fatigue occurs when metal is subjected to repeated stress or motion, leading to microscopic cracks that can worsen over time and potentially cause catastrophic failures in...
READ MOREThe Ural Mining and Metallurgical Company (UMMC) has been added to the US Treasury Department’s sanctions list, posing challenges for the major copper producer in Russia. Despite the expectation of such sanctions, the move came as bad news for the company. UMMC is among Russia’s top three copper producers, estimated to produce around 450,000 to...
READ MOREAnglo-Australian mining giant, Rio Tinto Group, recently released its production results for the second quarter of 2023, showing both positive and negative trends in its operations. The company faced challenges in bauxite ore production due to rainy weather, while it experienced growth in aluminium smelting activities as capacity ramped up. In the second quarter, Rio...
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Researchers from North Carolina State University have achieved a groundbreaking milestone by developing a highly conductive metallic gel that allows for the 3D printing of solid objects at room temperature in a single step. This breakthrough opens up new possibilities for manufacturing advanced electronic components and devices. The researchers created the metallic gel by suspending...
READ MORERio Tinto is making a strategic investment of US$27.5 million in Sovereign Metals Limited’s Kasiya Rutile-Graphite Project in Malawi. Through this investment, Rio Tinto will acquire a 15% stake in Sovereign, with the potential to increase it to 19.99% within a year. The collaboration aims to tap into significant supplies of low carbon footprint natural...
READ MOREKorea Zinc, the world’s largest zinc and lead smelter, is poised to become a supplier of copper foil, a crucial component for battery manufacturing, to LG Energy Solution Ltd., the world’s second-largest battery maker. The company is currently providing sample supplies to LG Energy after successfully passing tests on LG batteries. If a formal agreement...
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Tata Steel’s Natural Resources Division explores opportunities in the battery-minerals-related segment, particularly lithium. The division has been operating for several decades, providing captive mining-related services. In 2021, it expanded its offerings and started providing commercial services to other mining companies through Tata Steel Industrial Consulting. Now, the division is considering participation as an exploration agency...
READ MOREVedanta Resources Ltd., owned by Indian billionaire Anil Agarwal, has announced that it is in “advanced stage” talks to regain control of the Konkola Copper Mines Plc in Zambia, four years after the Zambian government took over the mining complex. Vedanta issued a statement on Sunday expressing its commitment to the negotiation process, even though...
READ MOREA team of researchers from the University of Minnesota has achieved a significant breakthrough by synthesizing a thin film of a distinctive topological semimetal material, offering the potential to enhance computing power and memory storage while significantly reducing energy consumption. The researchers successfully created the material, composed of platinum, tin, and iron, in a thin-film...
READ MOREPhoenix Copper, a company listed on AIM (Alternative Investment Market), has commenced its 2023 drilling program at the Navarre Creek exploration project situated in Custer County, Idaho. This new phase of work focuses on gold exploration and is located approximately 5 km west of the company’s copper oxide deposit, the Empire mine. The 2023 Navarre...
READ MORESouthern Palladium, a dual-listed platinum group metal (PGM) company, has reported a significant 34% increase in total Mineral Resources at its Bengwenyama Platinum Group Metal project in South Africa. The project is situated on the Eastern Limb of the renowned Bushveld Complex. The company’s recent update to investors revealed that the total Mineral Resource, including...
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