The Ministry of Energy and Mineral Resources (ESDM) in Indonesia is actively engaged in the negotiation process regarding the divestment of a 14% stake in PT Vale Indonesia Tbk (INCO). According to the Director of Mineral and Coal Program Development, Ing Tri Winarno, the negotiations are still in progress, focusing on the valuation of the...
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Overview of Anglo Asian Mining’s 2023 Activities Anglo Asian Mining, an AIM-listed company primarily operating in Azerbaijan, has reported its production and operational review for both the fourth quarter of 2023 (Q4 2023) and the full year (FY 2023). The company, known for producing gold, copper, and silver, faced a challenging year with significant operational...
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Tesla has announced a temporary suspension of most car production at its plant near Berlin from January 29 to February 11. This decision is a direct response to component shortages arising from disruptions in shipping routes, triggered by the crisis in the Red Sea. The crisis in the Red Sea, caused by attacks on ships...
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Persistence of Protests in Salar de Atacama Communities in the south of the Salar de Atacama, including Toconao and Camar, have decided to continue their protests, contrary to an earlier agreement to suspend the action. This ongoing occupation of access roads to the area, a crucial site for the country’s lithium production, poses significant risks...
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Patent Application for Advanced Detection System Novelis, a company based in the USA, has filed a patent application for a new system designed to detect metal separation from casting molds. This patent, filed on December 19, 2022, is identified under the application number 202217073473 A and falls within the international classification numbers B22D 11/049, B22D...
READ MOREGoGold Resources has provided a comprehensive outlook for 2024, following a year of progress in the Los Ricos district. The company has successfully expanded its resources in the district, with 186 million silver equivalent (AgEq) ounces in measured & indicated resources and 87 million AgEq ounces in inferred resources. Additionally, GoGold completed two preliminary economic...
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PwC Study on Tax Transparency in ESG A recent study conducted by PwC focusing on tax transparency within Environmental, Social, and Governance (ESG) practices reveals significant concerns among businesses regarding the impact of carbon taxes on their supply chains. The study found that 67% of the respondents anticipate these taxes to affect their operations across...
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Aurubis, a leading German copper producer, has proposed deferring the resolution regarding the dismissal of its executive and supervisory board members. This development emerged in the context of the upcoming online shareholders’ meeting slated for February 15, as reported by news agency DPA. The decision to postpone the resolution stems from ongoing criminal investigations related...
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Impact of US-China Trade Row on Asian Clean Energy Industries The ongoing trade dispute between the US and China, especially concerning electric vehicle (EV) battery technology, poses significant challenges to Asia’s developing clean energy sectors. With the US considering higher tariffs on EVs to counter China’s dominance, and China’s recent move to restrict the export...
READ MOREKey Developments in Trieste Lithium Project Loyal Lithium has made significant strides in its Trieste Lithium Project located in James Bay, Canada. The company has successfully issued Performance Shares to DG Resource Management (DGRM) and completed the acquisition of 228 mineral claims from General Partnership Osisko Baie James, covering approximately half of the 466 claims...
READ MORENew Regulatory Amendment Published The Official State Gazette has officially published an amendment to the Royal Decree regulating renewable facilities’ network access and connection rights. This critical update introduces a new scoring system favoring projects that, despite lacking necessary permits, have received a favorable environmental impact statement (EIS). Implications for Lugo’s Wind Farms This amendment...
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Exclusive Access for Qualified Investors, with Plans for Wider Availability Nornickel’s digitalisation firm, GPF Investments (GPFI), has launched a new range of digital tokens linked to platinum group metals, including platinum, palladium, ruthenium, and iridium, the top palladium miner said in a statement on Thursday. Currently, these tokens are available only to qualified investors, identified...
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Monthly Overview Global alumina production experienced a decline of 1.9% in November, totaling 11.86 million tons, as per the International Aluminium Institute’s data. Despite this decrease, the average daily global alumina production saw a slight increase, reaching 395,267 tons in November, up from 389,935 tons in October. Regional Production Insights Global Primary Aluminium Production Alongside...
READ MOREIssuer Information and Bond Details International Company Public Joint Stock Company United Company Rusal, headquartered in Kaliningrad, has reported income payments on its exchange-traded bonds. Each bond has a nominal value of CNY 1,000 (USD 140). These bonds are non-convertible, interest-bearing, and mature on the 1,092nd day following placement. Income Payment on Bonds For the...
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Consistent Growth Despite Previous Challenges Asturiana de Zinc (Azsa), part of the Anglo-Swiss conglomerate Glencore, is on track to set a new production record at its San Juan de Nieva plant. After a brief halt in its eleven-year streak of production records in 2022, the company is poised for a strong comeback this year. The...
READ MOREAdapting to Geopolitical and Economic Challenges Rusal, facing geopolitical tensions and anti-Russian sanctions, has been compelled to modify its business model and establish new supplier and partner interactions. Despite these challenges, the aluminum giant has managed to achieve certain successes, even as exchange prices for aluminum fell by about 40% since February 2022. Factors such...
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Boost from Chinese Manufacturing Data Prices for most base metals have seen an uptick following the release of encouraging manufacturing data from China. This positive shift in the market is partly attributed to improved manufacturing activity in China, the world’s largest consumer of these metals. November industrial profits in China showed double-digit gains, reinforcing investor...
READ MORENew Restrictions in Response to Ukraine Invasion In a significant move, South Korea is set to intensify its export controls against Russia and Belarus. This action is a direct response to Moscow’s ongoing invasion of Ukraine. The South Korean government plans to add a substantial number of items to its list of products restricted for...
READ MOREInvestment and Collaboration HET Hydrogen, a subsidiary of CINIC, has received strategic investment from Anglo American, a globally recognized leader in the mining industry. This partnership marks a significant step in the advancement of hydrogen production from electrolytic water, aimed at supporting decarbonization efforts in the transportation, chemical, and steel industries. Technological Advancements and Commercialization...
READ MOREVale Invests in Energy Transition Minerals Brazilian mining and metals giant Vale is investing up to $3 billion in 2024 to explore and develop mineral deposits crucial for the energy transition. Copper and nickel, essential for electric vehicle production, are a key focus. Copper is used in motor windings, while nickel is needed for batteries....
READ MOREA Challenging Year for Industrial Metals 2023 has been a difficult year for industrial metal traders, marked by fluctuating conditions and an overall decline in metal prices. The LME Index, reflecting the performance of major base metals on the London Metal Exchange, has seen a 7% decrease since January. Copper, however, is an exception, witnessing...
READ MOREArdea Resources has provided an update on its collaboration with Sumitomo Metal Mining (SMM) and Mitsubishi Corporation (MC) for the Kalgoorlie Nickel Project (KNP) Goongarrie Hub Definitive Feasibility Study (DFS). Steady Advancement towards Definitive Feasibility Study The joint venture is progressing well, with substantial work already completed in defining the DFS scope. Contracts are being...
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Crisis in Nickel Industry Prompts Action The New Caledonian government has recognized the urgent need to address the challenges faced by its nickel industry. Prony Resources, SLN, and KNS factories have struggled with decreased competitiveness due to global market changes, particularly influenced by Indonesian policy shifts and Chinese investment dominance. Factors Impacting the Industry The...
READ MOREAntofagasta Commences Centinela Expansion Antofagasta has announced the approval of the construction of the Centinela Second Concentrator Project. The project, integral to the company’s growth strategy, is set to begin critical path works immediately, with full-scale construction slated for Q1 2024 after finalizing project finance documents. Project’s Key Benefits The project is expected to significantly...
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