In a significant development, Ragnar Metals confirmed that it has successfully concluded the sale of Ragnar Metals Sweden, its full subsidiary, to BHP Metals Exploration, part of BHP Group. The transaction, initially revealed on June 26, 2023, includes the Tullsta nickel project, the Gaddebo project in Sweden, and additional cash assets. Deal Specifics and Future...
READ MOREAntofagasta revealed a substantial upsurge in its copper output for the third quarter of 2023, with a 16% increase to 173,600 tonnes, a considerable leap from the previous quarter’s 149,600 tonnes. This enhancement was predominantly due to escalated outputs at the Los Pelambres and Centinela mines. Notable Growth Across Various Metals During the same period,...
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See full Titanium Market Overview (USGS) Infographic here. The global titanium market has reached a turning point in its development: on the one hand, Russia, one of the main producers of titanium, is facing sanctions imposed by the European Union, the United States and their satellites; on the other hand, global demand for the metal...
READ MOREPioneering in the German Market October 17, 2023, marked a pivotal step for the Zinnwald Lithium Project near Dresden, Germany, as Zinnwald Lithium and Metso disclosed advancements in their collaborative testwork program. This initiative underscores a strategic move in Germany’s burgeoning electric vehicle (EV) sector, positioning the project as potentially the vanguard of lithium extraction...
READ MOREIn a significant move within the UK’s mining sector, Cornish Tin has received royal consent to embark on gold and silver exploration across Cornwall. The company, backed by the Crown Estate, now holds exclusive exploration rights spanning 123,447 acres, signaling a potential revival of Cornwall’s storied mining industry. Historical Industry Meets Modern Opportunity in the...
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In a strategic move to optimize value, the Indian government intends to divest its remaining shares in Hindustan Zinc, a Vedanta subsidiary, through a series of smaller transactions spread out over time. This decision aims to avoid market flooding and preserve share value, with the current stakes estimated at around Rs 40,000 crore. A Staggered...
READ MOREBMW is pushing forward with its electric mobility efforts, securing a critical supply agreement with Belgium-based Umicore for the manufacture of battery materials in North America. Strengthening Regional Supply Chains The German automotive giant announced on Monday that Umicore, a global materials technology and recycling group, is set to provide cathode active materials essential for...
READ MORENornickel expects copper market growth In the remaining months of 2023 and into next year, Norilsk Nickel forecasts steady growth in the global copper market at a rate of 2–3%.The company’s forecast emphasizes the revival of economic activity in China, which is the main producer of red metal on the planet, while also being its...
READ MOREIn Q2 Fiscal 2024, Silvercorp recorded varied production figures across its operations. The company reported changes in ore extraction and metal production compared to the same period in the previous fiscal year. The key production figures are as follows: Ying Mining District: GC Mine: The company is slated to provide a detailed financial overview in...
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In a pivotal move to maintain operational continuity, BHP has reached a preliminary agreement with the union of its Escondida mine in Chile, forestalling a potential strike at the world’s most significant copper mine. Avoiding Work Stoppage Through Mediation This development came on the heels of the union members’ rejection of an earlier proposal from...
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Rusal is experiencing significant hurdles in sustaining a steady presence in its export markets, confronting unparalleled constraints including upcoming trade shifts, as highlighted in their recent communications with the press. Unprecedented Pressures Impact Operations The aluminum titan is battling an increasingly restricted business environment, with recent reports revealing that Novelis Europe, a key figure in...
READ MOREAnglo Asian Mining reports a significant decline in its metals production in the third quarter, following temporary halts at its key operational sites. Production Hit by Operational Halt In a stark contrast to its performance in the same period last year, Anglo Asian Mining disclosed a substantial dip in its gold, copper, and silver outputs...
READ MOREBHP sets a new environmental benchmark by initiating the transportation of copper using wind-propelled ships, emphasizing its commitment to decarbonization. Pioneering Green Transportation In a revolutionary environmental move, BHP is launching a program to ship copper from Chile to Japan using vessels powered by wind. This initiative is the result of a collaboration with Pan...
READ MOREIn a significant move toward sustainable energy within the transport sector, Sasol, BMW, and Anglo American are set to formalize their collaboration. This alliance will focus on green hydrogen applications, marking a progressive step in reducing carbon emissions. Collaboration for a Cleaner Future Green hydrogen, an environmentally friendly energy derivative from water, utilizing renewable sources...
READ MOREK92 Mining announces Q3 2023 production results at its Kainantu Gold Mine in Papua New Guinea, reporting a production of 26,225 oz AuEq or 22,227 oz gold, 1,784,009 lbs copper, and 40,233 oz silver. Sales for the quarter comprised 18,339 oz gold, 1,255,291 lbs copper, and 30,484 oz silver. The quarter’s production faced challenges due...
READ MOREProject Overview Drilling Details Statement from Encounter Resources Will Robinson, Managing Director of Encounter Resources, highlighted the immense potential of the Greater McArthur Superbasin in the NT. He sees it as a significant global avenue for unearthing substantial sediment-hosted copper and zinc deposits beneath shallow cover. Robinson further underscored the presence of the Century Zinc...
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Operational Concerns at the Smelter The Alcoa workforce in Cervo (Lugo) has voiced concerns regarding the decision made in early October to temporarily halt operations at the smelter, the only active department of the factory. The company cites challenging market conditions due to high energy prices and diminished orders as the reasons for this decision....
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Background of the Dispute: Global mining giant BHP has navigated around a potential strike at its Escondida mine in Chile – the planet’s most bountiful copper reserve. This achievement was made public late Wednesday. Details on the Agreement: In the previous month, the union workforce declined the firm’s offer, leading to governmental intervention to prevent...
READ MOREInvestments for Project Development: Nuton, a Rio Tinto venture, and automaker Stellantis have augmented their investments in McEwen Copper, a branch of McEwen Mining. This company oversees the Los Azules copper initiative in San Juan, Argentina, and the Elder Creek venture in Nevada, US. Details on the Stake Increase: Stellantis committed an additional 42bn pesos...
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A support package for workers at Tara Mines will continue until the new year. This decision followed discussions between management and worker unions. The mine, located in Co Meath, halted operations in mid-July, leading to the lay off of 650 workers. The suspension was attributed to several reasons, including declining zinc prices, inflation, and rising...
READ MOREDrilling Results and Next Steps Midland Exploration has released nickel-copper assay results from its latest drilling campaign at the Santos Ni-Cu discovery within the Tete Nord property, located near La Tuque, Quebec. This discovery, initially announced in April, is under an option agreement with Rio Tinto Exploration Canada. In a recent effort to determine the...
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Silver production rises while gold production sees a decline Hecla Mining Company released its preliminary results for silver and gold production in the third quarter and the initial nine months of 2023. Key Takeaways Phillips S. Baker, Jr., Hecla’s President and CEO, commented on the silver production, noting a considerable increase compared to last year’s...
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Aiming to Enhance Sustainability in the Aluminium Supply Chain United Arab Emirates: Emirates Global Aluminium and Emirates NBD have introduced an ESG-linked Supply Chain Finance (SCF) programme. The initiative is intended to boost sustainability within the aluminium supply chain in the UAE. The programme’s objective is to foster sustainability in the UAE aluminium sector. It...
READ MOREAndrada Mining, an African technology metals mining company with mining and exploration assets in Namibia, has commenced its initial exploration programme for the Brandberg West exploration licence. Key Points Overview of Brandberg West Location: Exploration license EPL5445 is 110km west of Uis Mine within the mineral-rich Erongo region of Namibia. The license spans 35,045 ha...
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