Euro Sun Mining has signed a binding Memorandum of Understanding (MOU) with Glencore International, granting the multinational mining company the right of first refusal for future concentrate from Euro Sun’s Rovina Valley Project in Romania. This agreement also gives Glencore the right to nominate a director to Euro Sun’s board. The Rovina Valley Project, one...
READ MOREStardust Power, an American company focused on developing battery-grade lithium products, has announced its collaboration with MUFG Bank to support the development of a major lithium refining facility in Muskogee, Oklahoma. The facility is set to become one of the largest of its kind in the United States, aiming to produce up to 25,000 metric...
READ MOREBHP, the world’s largest mining company, has shifted its focus to other growth opportunities after its unsuccessful attempt to acquire Anglo American earlier this year, Chairman Ken MacKenzie said on Wednesday. The company walked away from a \$49 billion bid in May after being rebuffed three times by Anglo American. The end of a six-month...
READ MOREBizongo, a B2B e-commerce platform, has signed a deal with National Aluminium Company Limited (Nalco) to help distribute Nalco’s aluminium products through its marketplace. The agreement aims to significantly enhance Nalco’s distribution capabilities across India. Under the agreement, Bizongo will use its B2B marketplace, BizongoBuy, along with its embedded finance platform, BizongoFin, to facilitate the...
READ MOREGautam Adani-controlled Kutch Copper is reportedly in discussions with Australian mining giant BHP to secure a substantial copper concentrate supply. According to a report by The Economic Times, the potential agreement could involve up to 1.6 million tonnes per annum (mtpa) of copper concentrate. The deal is projected to be worth approximately Rs 30,000 crore...
READ MOREThe company released its third-quarter report for 2024, revealing revenue of 9.919 billion yuan ($1.36 billion), a year-on-year decline of 16.86%. Net profit attributable to shareholders was 217 million yuan ($29.8 million), while net profit after deductions stood at 135 million yuan ($18.5 million). Despite the overall revenue decline, the profitability of the pre-baked anode...
READ MOREIndonesia has announced a joint venture with China’s Contemporary Amperex Technology (CATL) to invest $1.2 billion in battery production, furthering its ambitions to become a global hub for electric vehicles (EVs). The Chinese battery giant, through its subsidiary CBL International Development, has formed the venture with government-owned Indonesia Battery Corporation, according to Bloomberg. The project,...
READ MOREGreenX Metals has released its Quarterly Activities Report for the period ending September 30, 2024, providing updates on a significant arbitration award, the Tannenberg Copper Project, and the Eleonore North Gold Project. GreenX reported a major win in international arbitration against the Republic of Poland under both the Australia-Poland Bilateral Investment Treaty (BIT) and the...
READ MORENippon Denkai announced on September 30, 2024, that it has entered into a seven-year technical support agreement with India’s Hindalco Industries, a manufacturer of copper cathodes and copper rod materials. The agreement, signed on September 28, is intended to support Hindalco as it begins producing copper foil for lithium-ion batteries in India. Under the agreement,...
READ MOREAlcoa has announced a new agreement to supply up to sixteen and a half million metric tons of smelter-grade alumina to Aluminium Bahrain (Alba) over the next decade. The agreement, which will commence in 2026 and run through 2035, allows Alba to procure alumina primarily sourced from Western Australia, ensuring a consistent and reliable supply...
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