Chile’s state-owned copper producer Codelco has applied for an environmental permit to extend the life of its Gabriela Mistral mine by more than 25 years. The proposed $800 million project would push the current closure date from 2028 to at least 2055, ensuring continued production at the Antofagasta region mine, which has been operational since...
READ MOREGlobal gold production is projected to reach an all-time high of approximately 3,250 tonnes (105 million ounces) in 2024 before entering a period of sustained decline, according to industry experts speaking at The Northern Miner’s International Metals Symposium in London on December 2. From 2025 onward, factors such as depleting reserves, declining ore grades, and...
READ MOREHorizon Copper has provided an update regarding the arbitration proceedings initiated by Entrée Resources Ltd. concerning its Joint Venture Agreement (JVA) with Oyu Tolgoi LLC (OTLLC) and Turquoise Hill Resources Ltd. on the Oyu Tolgoi copper project in Mongolia. On December 19, 2024, Entrée announced that an international arbitration tribunal delivered a partial final award...
READ MORENornickel, a top palladium producer, is advancing efforts to expand global demand for palladium by introducing innovative applications, aiming to counteract declining consumption from internal combustion engine vehicles. The company, a leading producer of palladium with annual output exceeding 80 tonnes, anticipates long-term stagnation in automotive industry demand, which currently accounts for over 80% of...
READ MOREBlack Cat Syndicate (ASX:BC8) has successfully poured its first gold bar at the restarted Paulsens Gold Operation in Western Australia. The milestone was achieved on December 22, following the refurbishment and commissioning of the site’s processing facility, completed on schedule and within budget. The Paulsens site, located 180 kilometers west of Paraburdoo, includes an underground...
READ MORERusal, Russia’s sole primary aluminium producer, has reportedly sought to obstruct several critical investment initiatives by Nornickel, one of the world’s leading producers of non-ferrous and precious metals, according to a source close to Interros, Nornickel’s majority shareholder. The first project targeted is Nornickel’s Sulphur Programme, part of Russia’s federal Clean Air Project. Launched in...
READ MOREEuropean Metals Holdings Limited has unveiled a substantial increase in the planned production of lithium chemicals from its Cinovec Project, underscoring its potential as a key player in the European Union’s push for lithium self-sufficiency by 2030. The revised plans show a 42% increase in the annual production of battery-grade lithium hydroxide monohydrate, now targeting...
READ MOREThe latest data from the World Bureau of Metal Statistics (WBMS) reveals a substantial oversupply in the global nickel market. Refined nickel production reached 304,400 tons in October, surpassing consumption, which stood at 282,500 tons, resulting in an excess supply of 21,900 tons. For the first ten months of 2023, global refined nickel production totaled...
READ MOREIndonesia is considering a substantial reduction in nickel ore production quotas in a bid to stabilize market prices, according to Bloomberg. The country’s nickel ore quota for 2024 could drop significantly from this year’s 227 million tons to 150 million tons. Reports indicate that the Indonesian government is engaged in internal discussions about the potential...
READ MORENewRange Copper Nickel has successfully concluded a $20 million salvage and recycling project at the site of the former LTV Steel facility near Hoyt Lakes, Minnesota. This effort, one of the largest of its kind in the state’s history, has paved the way for the NorthMet copper-nickel project by creating a safer and cleaner work...
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Nornickel, a top Russian miner and a leading palladium and nickel producer, has outlined varying outlooks for the markets of copper, nickel, platinum, and palladium in 2025, with different factors shaping supply and demand dynamics for each metal. Copper The global copper market, currently experiencing a surplus of 200,000 tonnes in 2024, is expected to...
READ MOREUS-based mining company Arcadium Lithium is grappling with legal disputes as shareholders have filed lawsuits alleging misrepresentation and negligence concerning Rio Tinto’s proposed $6.7 billion acquisition. These lawsuits, lodged in four separate US courts, aim to delay the transaction, but Arcadium is responding with supplemental disclosures to maintain the deal’s timeline. The lawsuits, filed in...
READ MOREChilean state-owned companies Codelco and Enami have finalized the sale of a 10% stake in the Quebrada Blanca mining property, with Codelco acquiring Enami’s share for $520 million. This transaction solidifies Codelco’s position in one of Chile’s most significant copper deposits. The deal, which follows the completion of a due diligence process, included a $338...
READ MOREChina’s decision to restrict exports of critical manufacturing minerals, including gallium, germanium, and antimony, has intensified calls to bolster domestic mining efforts in the United States. These minerals are essential to producing high-tech semiconductors, weapons systems, infrared technology, and fiber optics. Rich Nolan, president and CEO of the National Mining Association, described China’s actions as...
READ MORESouth32 Limited has issued an update regarding its Mozal Aluminium operations in Mozambique, as the company continues to navigate an evolving situation in the region. While the safety and wellbeing of its workforce remain a priority, the company confirmed that there have been no security incidents at the smelter. Recent road blockages in Mozambique have...
READ MORENamibia’s Ministry of Mines and Energy is investigating Xinfeng Investments (Pty) Ltd. for alleged unauthorized mining activities in the lithium-rich Erongo region. The ministry accuses the company, which holds an exclusive prospecting license through a joint venture with Orange River Exploration and Mining CC, of exceeding its permit scope by conducting unapproved lithium extraction. An...
READ MORERio Tinto has announced the appointment of Georgie Bezette as its new Chief People Officer, effective January 1, 2025. Bezette will succeed James Martin, who is set to retire at the end of this year but will remain in an advisory role for another year. Bezette, who joined Rio Tinto in 2008, currently serves as...
READ MOREPalliser Capital has escalated its campaign to end Rio Tinto’s dual-listed structure by calling for an independent review. In a letter sent to Rio Tinto’s board on Thursday, the activist investor, alongside other shareholders, demanded the inclusion of a resolution in the next annual general meeting to initiate a “comprehensive and transparent” review of the...
READ MOREFrench industrial firm Arverne Group has announced that its subsidiary, Lithium de France, has entered into a framework agreement with Tenaris, a global manufacturer of tubular goods for the energy industry. The agreement includes the supply of casing and tubing for Lithium de France’s geothermal heat and lithium project in Alsace. As part of the...
READ MOREThe global copper market is poised for a volatile year in 2025, with a mix of positive and negative factors shaping price, demand, and supply dynamics. Despite the bullish momentum seen in 2024, driven by the emerging artificial intelligence (AI) sector and increased demand for data centers, several uncertainties are clouding the outlook. At the...
READ MOREFranco-Nevada Corporation has entered into a $500 million precious metals streaming agreement with Sibanye-Stillwater, securing a stake in production from key mining operations in South Africa. The deal will provide Franco-Nevada with a stable supply of gold and platinum from the Marikana, Rustenburg, and Kroondal operations, located on the Bushveld Complex’s Western Limb. Sibanye-Stillwater’s Western...
READ MOREChina’s copper concentrate and ore imports in November 2024 totaled 2.245 million metric tons, marking a decline of 2.98% month-on-month (MoM) and 8.1% year-on-year (YoY). This monthly import volume fell below the annual average level of 2.33 million metric tons. Despite the November downturn, cumulative imports from January to November reached 25.645 million metric tons,...
READ MOREPeru’s copper production fell by 1.4% in October compared to the same month last year, with total output reaching 236,797 metric tons, according to official data from the Energy and Mining Ministry. The decline is attributed to reduced output from two of the nation’s largest mines: Cerro Verde, controlled by Freeport-McMoRan, and Antamina, operated jointly...
READ MORETaykwa Tagamou Nation (TTN) has announced a $20 million investment in Canada Nickel Company’s flagship Crawford Nickel Sulphide Project, marking a significant collaboration aimed at advancing economic empowerment and fostering long-term partnership. The investment, secured through a Convertible Note, will give TTN an 8.4% stake in Canada Nickel by converting into 16.67 million common shares...
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