Argentina’s inaugural lithium battery plant is set to commence operations in September, utilizing locally extracted metal supplied by Livent Corp, a US-based company, according to mining officials. The plant, developed by Y-TEC, a subsidiary of Argentine state oil firm YPF, will mark the country’s entry into lithium-ion battery cell production. The batteries will rely on...
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Hindustan Copper Ltd is planning to issue a tender for the appointment of a Mine Developer cum Operator (MDO) to reopen and expand the Rakha Copper Mine in Jharkhand. The company recently held a stakeholders’ conference in June to address queries and concerns related to the reopening and expansion of the mine. Arun Kumar Shukla,...
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Boliden’s Rönnskär copper plant has partially resumed production following a devastating fire on June 13, which resulted in the complete destruction of the electrolytic refinery. While some production lines are now operational, the plant is operating under modified conditions, with copper production taking place in the form of anodes instead of cathodes. This adjustment to...
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Imerys, the global leader in mineral-based specialty solutions, has acquired an 80% stake in British Lithium, paving the way for the establishment of the UK’s first lithium mine in Cornwall. With support from the UK Government, the two companies aim to combine their expertise to develop the mine. British Lithium has been conducting drilling and...
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Canadian mineral exploration company Genius Metals has announced its agreement to acquire a 100% stake in the Paka lithium property located in James Bay, Québec, Canada. The property consists of 189 contiguous claims covering over 97km² in the prospective Archean La Grande greenstone belt, just 15km south of the Trans-Taiga government road. As per the...
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The International Monetary Fund (IMF) has recommended that the Indonesian government gradually eliminate its policy of imposing export bans on minerals. The IMF’s latest country report for Indonesia, released on Monday, emphasizes the need for a thorough analysis of costs and benefits before implementing such policies. It further suggests that export restrictions should not be...
READ MOREGlencore Plc, a prominent commodity trader, is currently engaged in advanced negotiations to support a lithium project in Argentina led by French mining company Eramet SA. According to insiders familiar with the matter, Glencore will enter into an offtake agreement with Eramet, offering financial assistance for the construction of the lithium processing plant in collaboration...
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Codelco, the state-owned mining giant, confirmed the occurrence of an electrical accident at its El Teniente mine in central Chile, resulting in one fatality. The incident took place during the installation of a generator at the mine’s Andes Norte expansion project at approximately 3 p.m. (1900 GMT) on Thursday. The victim, identified as Osvaldo Bustamante...
READ MOREACG, the world’s leading integrated pharma manufacturing solutions company, has announced its complete shareholding ownership of Technical Aluminium Foil Company (TAFC). This strategic move signifies ACG’s commitment to expanding its presence in the Middle Eastern and African markets, solidifying its growth trajectory. As a comprehensive provider of pharmaceutical manufacturing solutions, ACG offers a diverse range...
READ MOREEuropean Union countries have reached an agreement to increase proposed targets for recycling and processing raw materials as part of their green transition. Additionally, aluminium has been included in the list of essential minerals. The Critical Raw Materials Act is a key component of the EU’s strategy to ensure competitiveness with the United States and...
READ MOREShenyang Aluminum and Magnesium Engineering and Research Institute Co. Ltd. (SAMI) and EnPot Ltd, a New Zealand-based company, have signed an Intention to Cooperate Agreement in a ceremony held in Beijing, attended by New Zealand’s Prime Minister Chris Hipkins. The agreement reflects the shared vision of both companies to explore the application of EnPot’s patented...
READ MOREOn the production site of VSMPO-AVISMA Corporation, a complex for mechanical processing of titanium parts has been opened and put into operation. The new production line is considered unique in Russia. The commissioning of the production facilities took place on June 30, 2023, during the 90th anniversary of VSMPO in the city of Verkhnyaya Salda,...
READ MOREIranian Alvand Mining and Mineral Industries CJSC is interested in the construction of a copper cathode plant in the Syunik region of Armenia. Trade attaché of Armenia to Iran Vardan Kostanyan and representatives of other interested departments attended the meeting. A preliminary plan to establish a cathode plant for copper processing in Syunik was discussed,...
READ MOREEndeavour Mining announced on Friday the sale of its 90% interests in the Boungou and Wahgnion gold mines in Burkina Faso for approximately $300 million. The move is part of the company’s strategy to prioritize higher quality assets. The buyer, Lilium Mining, a subsidiary of Lilium Capital, is an investment vehicle focused on African and...
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Zambian copper miner Mopani has released its annual financial statements, revealing a loss of $298 million (K5.26 billion). This represents a significant increase from the previous year’s loss of $74.2 million at the state-owned mine. The loss came as copper production dropped to 72,694 tonnes (t) over the year, down from 87,618t in the previous...
READ MORERosatom, the Atomic Energy Corporation, and YLB (Lithium Deposits of Bolivia) Bolivian State Company have entered into a framework agreement on the construction of a lithium carbonate mining and production complex in the Potosí Department of Bolivia. This collaboration between Russia and Bolivia aims to tap into the growing demand for lithium, a critical element...
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Modern technology makes it possible to chlorinate water for disinfection without using a single gram of chlorine. The substances needed are produced by electrolysis and special catalysts. And the use of advanced metals promises to make the process both cheaper and more efficient. Not just drinking water, but any water that people come into contact...
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Canada Silver Cobalt Works Inc has announced its plans to conduct an airborne Multi-Parameter Airborne Survey System (M-PASS) over the expansive sections of its Castle Mine silver project in Northern Ontario. Developed by geoscientists and data scientists at ALS GoldSpot Discoveries, the survey will incorporate advanced technologies including a triaxial magnetic gradient magnetic/VLF platform, a...
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According to Lydian Armenia’s Executive Director, Hayk Aloyan, the company plans to start the exploitation of the Amulsar gold mine in 2024. Currently, engineering works are being carried out on the mine site, as the project experienced a five-year downtime. Aloyan stated that 70-80% of the work was already completed in 2018, and the company...
READ MORENASA intends to commence mining operations on the Moon within the next decade, aiming to tap into its vast untapped resources, including oxygen, water, iron, and rare earth elements. The space agency estimates that the Moon holds “hundreds of billions of dollars” worth of valuable resources. The initial focus of the mining endeavor will be...
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Canada’s Mines Minister, George Pirie, has introduced the Building More Mines Act, which aims to expedite the process of granting mine permits and facilitate the establishment of exploration hotspots for critical raw materials. Pirie acknowledged the lengthy and cumbersome nature of the current permitting process, stating that it often takes several years to obtain necessary...
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The recent heavy rains in Chile’s central-south region have caused disruptions to operations at Codelco, the world’s largest copper producer. Codelco is still assessing the impact of the weather-related stoppages on its operations. At its El Teniente copper mine, some operations are still on hold, specifically in the Sewell and Rojo areas. However, underground operations...
READ MOREEvery year in June, Russia traditionally hosts the St. Petersburg International Economic Forum (SPIEF). This year was no exception: despite the sanctions against Russia, the forum took place and was attended by a large number of delegates from all of its regions. It discussed not only the prospects of Russia’s economic development, but also concluded...
READ MOREIndonesia is preparing to put an end to the export of copper concentrates as soon as the smelters being constructed by Freeport Indonesia and Amman Mineral Internasional are completed next year. President Joko Widodo announced on Tuesday that once these major companies finish building their smelters, raw copper will no longer be exported but instead...
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