Anson Resources has received final approval from the State of Utah, Department of Natural Resources, Division of Water Rights, allowing its subsidiary, A1 Lithium, to begin brine extraction at the Green River lithium project. This approval marks a critical milestone for the company as it progresses toward large-scale lithium production in the United States. The...
READ MORESouth Korean investment firm MBK Partners and Young Poong Corp. have jointly submitted an application to acquire a 14.6% controlling stake in Korea Zinc, the world’s largest producer of refined zinc. The deal is aimed at improving corporate governance and enhancing the value of Korea Zinc, amid disagreements within the company’s ownership regarding its ambitious...
READ MOREToronto-based miner Barrick Gold announced that it expects to complete the feasibility study for a significant expansion of its Lumwana copper mine in Zambia by the end of this year, with construction slated to begin in 2025. The planned expansion aims to increase plant throughput from 27 million tonnes to 52 million tonnes annually by...
READ MOREIndian conglomerate Vedanta announced plans to increase its production of nickel and nickel sulphate, capitalizing on the rising demand for electric vehicle (EV) battery materials in Northeast Asia. In an emailed statement, the company said that its subsidiary, Vedanta Nico, aims to expand capacity for these key materials, though it did not provide specific production...
READ MOREGold prices climbed on Thursday, supported by expectations of a US Federal Reserve rate cut next week, while palladium reached its highest level in over two months due to potential supply disruptions from Russia. Spot gold rose by 0.3%, trading at $2,517.88 per ounce at 0942 GMT, bolstered by support from the 21-day moving average...
READ MOREBoliden’s ongoing expansion project at the Odda zinc smelter, aimed at increasing annual production from 200 to 350 ktonnes, has encountered delays, particularly at the roasting facility. As a result, the ramp-up to the new production capacity will now begin at the end of the first quarter of 2025, rather than in late 2024 as...
READ MOREUK-based mining explorer Greatland Gold has acquired the Telfer gold mine and the nearby Havieron gold and copper prospect in Western Australia’s Great Sandy Desert for $714 million, capitalizing on rising gold prices. The deal was struck with Newmont Corporation, the world’s largest gold producer, which decided to offload the assets after its $26.2 billion...
READ MOREAluminium prices in China are projected to trend higher in September, supported by favorable macroeconomic conditions and a decline in production, particularly in Yunnan province, according to analysts from the Shanghai Metals Market. Production growth is anticipated to slow, with an estimated year-on-year increase of just 1.4% to about 3.6 million metric tons for the...
READ MORESchlumberger has announced the successful large-scale demonstration of its sustainable lithium production process at its Clayton Valley plant in Nevada. The company’s innovative solution offers an end-to-end process, including advanced impurity treatment and concentration technologies, to produce high-purity lithium carbonate or hydroxide, which are essential for the growing electrification economy. SLB’s technology extracts lithium from...
READ MOREHydro has inaugurated a new aluminium recycling plant in Székesfehérvár, Hungary, designed to process 15,000 tonnes of post-consumer scrap annually. The facility, which is expected to scale up production over time, addresses the increasing demand for low-carbon, recycled aluminium, particularly from the automotive sector. Eivind Kallevik, Hydro’s President and CEO, highlighted the growing market for...
READ MOREAt the “BRICS Climate Agenda in Modern Conditions” forum held in Moscow, Nornickel proposed a collaborative approach with BRICS nations to further develop the palladium sector, focusing on green technologies. The forum, which addressed global climate change and strategies to mitigate its effects, saw the participation of Nornickel’s Palladium Center, which emphasized the strategic role...
READ MOREDespite an increase in production from South African platinum producers, the global platinum market is expected to remain in deficit in 2024, according to the World Platinum Investment Council (WIPC). South African producers such as Impala Platinum (Implats), Sibanye-Stillwater, Anglo American Platinum (Amplats), and Wesizwe Platinum have been restructuring their operations in response to low...
READ MOREFTSE 250 gold miner Centamin is exiting the London Stock Exchange after accepting a £1.9 billion ($2.5 billion) takeover bid from South Africa’s AngloGold Ashanti. The Centamin board has recommended shareholders approve the £1.63 per share offer, which values the company at a 36.7% premium to its previous closing price. Following the announcement, Centamin shares...
READ MOREThe XII International Congress and Exhibition “Non-Ferrous Metals and Minerals – 2024” opened in Krasnoyarsk on September 10, with experts from 11 countries gathering to discuss advancements in metallurgy technologies. One of the highlights of the event was a presentation by Victor Mann, Technical Director of Rusal, who outlined the company’s progress in using inert...
READ MOREAnglo American has raised approximately $400 million through the sale of shares in its platinum subsidiary, Anglo American Platinum, as part of a broader restructuring effort. The mining giant sold 13.94 million shares, representing a 5.3% stake in the subsidiary, at a price of 515 South African rand ($27.30) per share. This sale was made...
READ MORENornickel, the world’s largest producer of palladium and high-grade nickel, is expanding its focus beyond traditional markets into innovative technologies. Vitaly Busko, the company’s Vice President for Innovations, discussed in an interview with TASS how Nornickel is leveraging 3D printing, artificial intelligence (AI), and new applications for palladium, particularly in hydrogen-powered vehicles and water disinfection....
READ MOREAngloGold Ashanti has announced its acquisition of Egypt-focused Centamin in a $2.5 billion stock and cash deal, further expanding its African operations. The deal, which includes a 36.7% premium on Centamin’s share price, will see Centamin shareholders receive 0.06983 new AngloGold shares and $0.125 in cash for each share they own. This offer values Centamin...
READ MOREArtemis Resources and Anax Metals have signed a Memorandum of Understanding (MoU) to explore the potential of processing copper assets from Artemis’ Carlow Castle deposit at the Whim Creek processing hub in Pilbara. The Carlow Castle deposit holds an inferred resource of 64,000 tonnes of copper, and the companies are considering the inclusion of other...
READ MOREOn Monday, spot gold rebounded after falling to an intraday low of $2,485 per ounce, closing at $2,506 per ounce. Traders focused on upcoming U.S. inflation data for August, with expectations that the Federal Reserve may cut interest rates by either 25 or 50 basis points in the near future. Despite a stronger U.S. dollar,...
READ MOREBEP Surface Technologies, a specialist in electroplating, has entered into a strategic partnership with nanodiamond manufacturer Carbodeon to develop the world’s first copper-nanodiamond composite coating. This collaboration aims to create a novel material with enhanced thermal conductivity and improved wear resistance. Nanodiamonds, microscopic diamond particles, possess unique structures that significantly improve the performance of metal...
READ MORETMC the metals company, a player in the exploration of deep-sea battery metals, has announced the production of high-temperature calcine during the initial phase of a large-scale commercial processing trial. The project involves processing 2,000 tonnes of polymetallic nodules from the seafloor, in partnership with Pacific Metals (PAMCO) at their Hachinohe Rotary Kiln Electric-Arc Furnace...
READ MOREVale Base Metals (VBM) announced on Wednesday that it is moving ahead with the dismantling of the copperstack and superstack at the Copper Cliff smelter complex in Sudbury, Ontario. This marks the next phase in the company’s efforts to modernize its Canadian operations. The project stems from a multi-billion-dollar investment program unveiled in 2010, which...
READ MOREViva ACP, Asia’s largest producer of metal composite panels, has introduced a new line of advanced Aluminium Composite Panels (ACP) designed to improve the safety and performance of bus bodies in India. These lightweight panels offer reduced vehicle weight, enhanced fuel efficiency, and better overall performance, while also meeting the new safety standards set by...
READ MOREAfter reaching a peak of $10,800 per tonne in May 2024, copper prices have fallen by 19% in recent months due to sluggish demand, particularly from China. Despite this downturn, the long-term outlook for copper remains optimistic, encouraging plans to increase production in the Democratic Republic of Congo (DRC) and Zambia. BHP, the world’s second-largest...
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