Anglo American, a UK-based mining company, has signed a memorandum of understanding (MoU) with Jiangxi Copper, a Chinese copper miner, to collaborate on responsible copper production. The MoU aims to guide Anglo American in creating sustainable value chains that extend beyond its own mining operations. This partnership aligns with Anglo American’s strategy to develop customer-centric...
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Doubleview Gold Corp. (DBG-TSXV) believes that the scandium reserves within its Hat Project have the potential to disrupt Canada’s rare earth element market. The company has made significant progress in discovering and developing the deposit. However, before delving into the details of Doubleview’s claim, let’s first understand the background of their successful exploration and advancement...
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Trafigura Group, a global commodity trading company, is facing a lawsuit filed by the Reuben brothers, following a significant nickel fraud case that has affected global metal markets. The legal filings reveal additional details about the fraud, which involved the disappearance of thousands of tons of nickel and the use of counterfeit shipping documents. The...
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Jim Gallagher, a respected mining executive and former CEO of North American Palladium, has been appointed as the permanent CEO of Clean Air Metals in Thunder Bay. Gallagher initially took on the role as interim CEO following the departure of Abraham Drost. Clean Air Metals’ primary asset is the Thunder Bay North Critical Minerals Project,...
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Rio Tinto, a global mining group, has announced a $1.1 billion investment to expand its AP60 aluminium smelter at Complexe Jonquière in Quebec, Canada. The expansion project will receive an additional $113 million in financial support from the Quebec government. This investment will enable Rio Tinto to increase its production of aluminium for various industries,...
READ MOREVizsla Copper has signed an option agreement with Trailbreaker Resources to acquire a 100% interest in four claims within the Eagle Lake property, located near Vizsla’s Woodjam copper-gold porphyry project in British Columbia, Canada. In exchange, Vizsla will issue 400,000 common shares to Trailbreaker over a three-year period. The optioned claims cover an area of...
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Boliden, a Swedish mining group, has halted all production at its Ronnskar copper smelter in northern Sweden due to a significant fire. The fire has caused the cell house of the facility to burn down, and the extent of the damage is still being assessed. While the company expects production to resume within a few...
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Norsk Hydro ASA, a Norwegian aluminium producer, has signed a power purchase agreement (PPA) with Statkraft through its affiliate, Hydro Energi AS. The PPA entails the delivery of 0.44 TWh of renewable power annually to Hydro’s aluminium plants in northeast Norway until 2038. This agreement will provide Hydro with a total of 6.6 TWh of...
READ MOREIn San Miguel de Colorado, a poverty-stricken hamlet in northern Argentina, lies a vast reserve of lithium, a crucial mineral for the global transition to a green economy. International mining companies are eager to exploit this resource, but the predominantly Indigenous residents, who are among the poorest in the country, are concerned about the potential...
READ MORETesla CEO Elon Musk has held a virtual meeting with Mongolian Prime Minister L. Oyun-Erdene to discuss potential investment opportunities in Mongolia’s resource-rich industry. Mongolia possesses reserves of rare earth metals and copper, which are crucial for the electric vehicle (EV) industry. The country is home to one of the world’s largest copper mines being...
READ MOREAustralian mining company South32 has reportedly enlisted RBC Capital, a Canadian global investment bank, to oversee the acquisition of Botswana’s Khoemacau copper project, according to sources cited by the Financial Review. The project is owned and operated by Cupric Canyon Capital, a subsidiary of Global Natural Resource Investments (GNRI), and began production in 2021. Situated...
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The Shanghai Futures Exchange has received regulatory approval to launch the world’s first alumina futures with physical delivery. “We will listen to the opinions and suggestions of all parties, rationally design contracts and trading rules, optimize the layout of delivery warehouses, and prudently promote the listing of alumina futures,” the SHFE said on June 2,...
READ MOREKazakhstan and the European Union have agreed to strengthen cooperation in critical raw materials on the sidelines of the 13th international congress Astana Mining & Metallurgy held on June 1-2, reported the Ministry of Industry and Infrastructure Development. Minister of Industry and Infrastructure Development Marat Karabayev and Vice President of the European Commission Maroš Šefčovič...
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Jamalco alumina refinery’s operating entities plan to incorporate before they begin seeking the capital needed for further growth. Such was the message coming from its leadership in an interview earlier this month. Jamalco’s Managing Director Austin Mooney said such a move would open the door to investments from abroad. “We are a non-incorporated joint venture,...
READ MOREIn a game-changing initiative set to revitalize the global scandium market, NioCorp Developments Ltd. (NB.T) has announced its intent to undertake commercial-scale production of aluminum-scandium (Al-Sc) master alloy in the United States. Marking a significant leap in the field of critical minerals, this initiative paves the way for unprecedented commercial and defence applications. NioCorp’s plans...
READ MOREHZL would have to come up with a fresh proposal if it wants to revive its acquisition plans. Hindustan Zinc’s bid to acquire Vedanta’s overseas zinc mines has fallen through. The country’s largest zinc miner would need to return to the drawing board, and come up with a fresh proposal if it plans to revive...
READ MOREScientists of the Institute of Theoretical and Applied Mechanics SB RAS (ITPM) have mastered the technology of welding titanium alloy and aluminium, ITPM research head Academician Vasily Fomin said at a general meeting of the department on Friday. “Titanium alloy and aluminium – do not weld with each other. So it was suggested to put...
READ MORENovelis Inc., a leading sustainable aluminum solutions provider and the world leader in aluminum rolling and recycling, today announced the start up of its new roll forming development line. The new development line will help Novelis meet industry demand for a process that can produce large volumes of high-strength aluminum auto parts. Located at the company’s...
READ MOREThe global zinc market surplus climbed to 26,700 tonnes in March, from a surplus of 22,800 tonnes a month earlier, data from the International Lead and Zinc Study Group (ILZSG) showed. During the first three months of 2023, ILZSG data showed a surplus of 49,000 tonnes, versus a surplus of 116,000 tonnes in the same...
READ MOREChina’s Shandong Nanshan plans to expand its new Indonesian alumina plant to a $6 billion aluminium smelting complex by 2028, a company executive said, which would be among the largest foreign investments in the resource-rich nation. Shandong Nanshan (600219.SS) is among a growing group of private Chinese companies making multi-billion-dollar investments in Southeast Asia in...
READ MOREChina’s aluminium imports in April rose 27.1% from a year earlier, customs data showed on Thursday, with domestic supply constrained by lingering power issues in the southwest. The world’s biggest aluminium producer and consumer brought in 222,851 tonnes of unwrought aluminium and products – including primary metal and unwrought, alloyed aluminium – last month, according...
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China imported 12,700 mt of refined zinc in March, up 170.37% on the month but down 40.09% on the year. The imports totalled 19,300 mt in the first three months of 2023, down 53.75% YoY, while total exports of refined zinc during the same period stood at 2,400 mt. This pointed to net imports of...
READ MORETHE SURGE in India’s import of Russian crude oil has come under the spotlight, but a sharp pick-up in India-Russia trade in another commodity has largely been under the radar. India’s exports of aluminium oxide, or alumina, to Russia jumped to 2.58 lakh tonnes in April-February of financial year 2022-23 (FY23) from nil in the...
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The port of Rotterdam allowed Russian miner Nornickel to sell copper supplies through the appropriate transshipment hub, the company’s vice president, Dmitry Pristanskov, told the St. Petersburg International Legal Forum. “We have worked out a plan for an African hub for ourselves, this is the port of Tangier in Morocco in North Africa. Moreover, relatively...
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