More than a month after appointing Luke Cox as its new CEO, Caprice Resources has strengthened its position in the West Arunta region by acquiring a new tenement. The West Perth-based exploration company, which has a market capitalization of $7.26 million, announced on Tuesday that it has entered into a binding agreement to purchase a...
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Foxconn Singapore, a subsidiary of the Taiwanese electronics giant Foxconn, has announced a significant investment in its Indian operations, acquiring 1.203 billion ordinary shares of Foxconn Hon Hai Technology India Mega Development. This move, valued at approximately $144 million, is seen as a strategic effort to bolster the capital of Foxconn’s India unit. The investment...
READ MOREEnviroGold Global, a technology company focused on monetizing metals in mine waste and tailings while improving environmental outcomes, has provided a corporate and operational update highlighting significant progress on several fronts. The company is ahead of schedule and under budget in commissioning its newly acquired demonstration plant, originally designed for nickel leaching and repurposed for...
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Ganfeng Lithium’s subsidiary, Ganfeng LiEnergy, has announced plans to form a long-term strategic partnership with Turkish battery manufacturer YIGIT AKU. The collaboration aims to leverage Ganfeng Lithium’s extensive industrial chain and resources alongside YIGIT AKU’s strong presence in Turkey’s battery manufacturing sector and its international market reach. As part of this partnership, the two companies...
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Pilbara Minerals Limited and Latin Resources have entered into a binding Scheme Implementation Agreement (SIA), under which Pilbara Minerals will acquire 100% of Latin Resources’ shares through a Court-approved scheme of arrangement under the Corporations Act 2001. This acquisition positions Pilbara Minerals to significantly enhance its lithium production capabilities. Highlights of the Acquisition: – Strategic...
READ MOREChina Nonferrous Metal Industry’s Foreign Engineering and Construction (NFC) has announced that its local unit has secured a contract worth $429 million to expand a copper ore processing project in Indonesia. The agreement involves engineering, procurement, and construction services and was signed with Amman Mineral Nusa Tenggara. The project is set to span 16 and...
READ MOREOn Tuesday, Cameroon entered into a bauxite mining agreement with Camalco, a subsidiary of the Australian company Canyon Resources, in a deal valued at over $2 billion. This 20-year agreement focuses on developing a direct shipment of ore (DSO) project at the Minim-Martap mine, located in northern Cameroon. The Minim-Martap mine, spanning nearly 500 square...
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Teck Resources, a major Canadian mining company, has become the focal point of significant attention from global mining giants following its exit from the coal business through a sale to Glencore Plc earlier this month. This interest is primarily driven by Teck’s valuable copper assets, as major industry players like Anglo American, Vale SA, BHP...
READ MORERemedium Lifecare has announced a strategic partnership with UK-based Angel Partners to acquire technology for manufacturing lithium carbonate in India. This collaboration, effective from July 29, 2024, aims to bolster India’s capabilities in producing essential materials for lithium-ion batteries. In addition to this partnership, Remedium Lifecare has also entered into an annual supply agreement with...
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Lundin Mining and BHP have announced an agreement to jointly acquire Filo Corp, the owner of the Filo del Sol project. As part of this deal, Lundin will also bring its Josemaria project into a 50/50 joint venture with BHP, according to a recent press release. The acquisition values Filo at 33 Canadian dollars (USD...
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Cyprium Metals Limited has announced a Commercial Strategic Partnership with Glencore International AG, aimed at accelerating the resumption of copper production from the Nifty copper complex in Western Australia, near Port Hedland. As part of this partnership, Cyprium has executed a term sheet to sell cathode products to Glencore on commercial terms for a fixed...
READ MOREVedanta Aluminium, in partnership with the policy think tank NITI Aayog, is exploring sustainable applications for red mud, a byproduct of the bauxite refining process used in aluminium production. The collaboration aims to utilize red mud effectively through focused research, development, and commercialization efforts in various industries. During a recent day-long session, participants discussed the...
READ MORENoronex has announced an Earn-in Agreement and Strategic Alliance with South32, focusing on copper exploration in Namibia’s Kalahari Copper Belt. Highlights: – Exploration Funding: South32 will invest A$3 million annually over five years in exploration at Noronex’s Humpback-Damara Copper Project. – Ownership Interest: South32 can earn a 60% stake in Noronex’s subsidiary, Noronex Exploration and...
READ MOREMinmetals Resources announced on July 8, 2024, that its subsidiary MMG Dugald River Pty Ltd has entered into a sales agreement with Minmetals North-Europe for the sale of approximately 10,000 dry metric tons of zinc concentrate. This quantity may vary by 10% at the seller’s discretion. Minmetals North-Europe is a wholly owned subsidiary of China...
READ MOREMetso Corporation announced it has secured orders to deliver grinding plant equipment for South32’s new Hermosa project in the Patagonia Mountains of southern Arizona. The order, booked in the second quarter of 2024, includes a Premier Primary Autogenous Grinding (AG) Mill and a Vertimill VTM-4500 Secondary Grinding Mill, with potential to supply additional comminution and...
READ MOREDoré Copper Mining has entered into an agreement with SOQUEM to acquire a 56.41% interest in a group of contiguous claims located immediately north and east of its flagship high-grade Corner Bay copper project in the Chibougamau mining camp, about 55 kilometers by road from Chibougamau, Québec. The Claim Group consists of 17 claims covering...
READ MORESQM, a major player in the lithium market, is making significant strides in expanding its lithium production capabilities beyond Chile under the leadership of Mark Fones Illanes, Vice President of Development and M&A. Fones, who joined SQM in 2003, has been instrumental in driving these international ventures. In Sweden, SQM has partnered with Talga Group...
READ MORELG Energy Solution and Liontown Resources have announced a strategic partnership to enhance their collaboration in the global lithium market. This partnership includes an extension of LG Energy Solution’s existing 5-year offtake agreement with Liontown by an additional 10 years, making it a total of 15 years. Under the extended agreement, Liontown will supply 700,000...
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American Resources Corporation’s wholly-owned subsidiary, American Metals, and AI Transportation Acquisition (AITR) have announced a definitive business combination agreement valued at $170 million. The transaction will result in the formation of Electrified Materials Corporation (Pubco), a new Delaware corporation that will serve as the parent company of both American Metals and AITR. The combined entity...
READ MORESlovakia has inked an investment deal worth €1.233 billion with the consortium of companies InoBat and Gotion Group for the construction of an electric vehicle battery production plant. Economy Minister Denisa Sakova announced the agreement at a news conference on Thursday. The new facility, operated by GIB EnergyX Slovakia in Surany, Nitra region, will receive...
READ MOREUmicore, a Belgian cathode material company, has introduced plans for cooperation within the hydrogen fuel cell value chain. The announcement was made during the ‘Korea-Europe Hydrogen and Renewable Energy Partnership Plaza Online Forum,’ held on June 12, as revealed by the Ministry of Trade, Industry and Energy (MOTIE) and the Korea Trade-Investment Promotion Agency (KOTRA)....
READ MOREBoliden Harjavalta and Etteplan have entered into a cooperation agreement to provide engineering services for Boliden Harjavalta’s facilities in Pori and Harjavalta. Etteplan’s expertise in engineering solutions and production process management will support Boliden Harjavalta’s operational optimization and digital engineering process needs. As part of this collaboration, Etteplan and Metso have agreed on a business...
READ MOREAsante Gold Corporation has announced that the principal long-lead equipment for the Sulphide Recovery Plant at the Bibiani Gold Mine is expected to be shipped by mid-August 2024. The new facility is crucial for Asante’s strategy to increase gold production at Bibiani to over 250,000 ounces annually, aiming for a cumulative production of 1.2 million...
READ MORESummit Nanotech and Zelandez have signed a non-binding letter of intent (LOI) on May 14, 2024, to streamline the process from brine to battery, utilizing Summit’s denaLi Direct Lithium Extraction (DLE) technology and Zelandez’s ErLi carbonation technology. This LOI initiates discussions for an evaluation project using brine from one of Summit’s South American salars to...
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