According to the latest CyclOpe index, global prices for industrial commodities are expected to continue their downward trend in 2024, with notable exceptions like uranium, copper, and aluminum. In 2023, the index, which aggregates price changes for the world’s main listed commodities, recorded a 14 percentage point decrease from the previous year. Key Trends in...
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Americas Gold and Silver Corporation has announced its production results for the fourth quarter and full year of 2023, along with an update on the exploration results at the Galena Complex. In Q4-2023, the company achieved its strongest production quarter of the year, with consolidated attributable silver production significantly increasing compared to the same period...
READ MOREAurubis, one of the leading copper groups, is facing a significant change in its leadership following a series of unfortunate events, including a theft and fraud case leading to nearly 170 million euros in losses and serious industrial accidents at its Hamburg plant that resulted in three fatalities. In response to these incidents, the company...
READ MORESignificant Developments and Copper Production Forecast Hillgrove Resources has reported substantial advancements in its Kanmantoo project, according to its latest quarterly report for the period ending December 31, 2023. Key Milestones at Kanmantoo Copper Production Timeline Drilling Results and Mineral Zones Confirmation Discovery and Exploration Target Revision
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Strategic Developments in Iberian and Australian Projects Osmond Resources has made significant strides in its mining projects during the fourth quarter of 2023, as detailed in its recent quarterly report. Iberian One Project in Spain Australian Projects Salt Wells Lithium-Borate Project in Nevada, USA Corporate Financials
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Mining Operations Update: – In Q4 2023, Atalaya Mining successfully mined 3.7 million tonnes of ore, maintaining its pace with previous quarters and the same period in 2022. – The waste mined in Q4 2023 saw an increase to 7.4 million tonnes, compared to 5.3 million tonnes in Q4 2022. This escalation is attributed to...
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Alcoa, a major U.S. aluminum producer, disclosed its financial results for the fourth quarter, revealing a significant reduction in net loss and changes in production levels. – Quarterly Net Loss: Alcoa’s net loss for Q4 decreased by 2.6 times to $150 million, or $0.84 per share, compared to $395 million, or $2.24 per share, in...
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Compass Minerals International Inc., based in Overland Park, has announced the appointment of Edward Dowling Jr. as the new CEO and president, succeeding Kevin Crutchfield. This leadership change comes as Crutchfield, who has led the company since April 2019, steps down from his role and the board. Key Leadership Changes: Company’s Milestones under Crutchfield: Future...
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Evolution Mining has released its quarterly report for December 2023, showcasing significant financial and operational results. Key highlights include: Northparkes Acquisition Evolution Mining successfully completed the acquisition of an 80% interest in the Northparkes copper-gold mine. The mine contributed 1,193 tonnes of copper and 1,011 ounces of gold, generating a cash flow of $9.5 million...
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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...
READ MOREOverview 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...
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