Newmont announced that an overwhelming majority, over 96 percent of shareholder votes, were in favor of the proposal to issue Newmont common stock for the acquisition of Newcrest Mining. The approval took place at a special shareholder meeting. The next step in this acquisition process is the vote from Newcrest’s shareholders, scheduled for October 13,...
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Ionway, a Europe-based battery materials producer and a joint venture backed by Volkswagen’s PowerCO and Umicore, is set to construct its first Cathode Active Material (CAM) production plant in Nysa, Poland. The facility is planned to be located adjacent to Umicore’s existing CAM plant. Ionway has plans to ramp up its annual production capacity to...
READ MOREAura Minerals has released the preliminary production outcomes for Q3 2023 from its four operational mines: Aranzazu Mine, Ernesto/Pau-a-Pique Mine (EPP), San Andres Mine, and Almas Mine. Key Production Metrics Q3 2023 witnessed a total production of 64,875 gold equivalent ounces (GEO). All active mines reported an upswing in production compared to the previous quarter....
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Gatos Silver released its production data for the quarter and nine months concluding on September 30, 2023, from its Cerro Los Gatos mine in Mexico. Production Details and Comparisons The mine’s mill had an average throughput rate of 2,916 tonnes per day during Q3 2023, marking a 2% increase from the same period in 2022....
READ MOREOperational Overview for 2023 Jubilee Metals Group, with operations in Africa, presents its audited results for the year ended 30 June 2023. The company also released its Integrated Annual Report today. Despite challenging market conditions due to a depreciating PGM basket price and infrastructural challenges in its operating locations, Jubilee showcased a solid operational performance....
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Australia’s Poseidon Nickel has kicked off another exploration drilling at Lake Johnston following encouraging results from an earlier effort. Earlier in the year, the Lake Johnston reconnaissance drilling spanned over a 14km section of the Western Ultramafic Unit (WUU) and yielded promising outcomes, including indicators for potential nickel sulphides. CEO Craig Jones conveyed his optimism...
READ MOREDundee Precious Metals Inc. (TSX: DPM) shared its preliminary production outcomes for the period ending September 30, 2023. Key highlights include Ada Tepe mine’s record-breaking achievement, having produced a substantial 33.8 K oz. of gold. This significant output aligns well with the company’s optimistic projections for the mine. Meanwhile, the Chelopech mine maintained its steady...
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In a recent announcement, Russia’s Rusal, the leading aluminium producer globally outside China, confirmed that they’ve allocated their entire sales volumes for 2023. The company’s production and sales dynamics are under heightened scrutiny during the annual LME week in London. LME Week Highlights LME Week, a prominent annual gathering, coincides with the season when major...
READ MOREMeetings Aim to Address Concerns Over Factory Stoppage Upcoming Meetings: The works council of Alcoa San Cibrao has lined up a series of pivotal discussions concerning the halt of the factory’s smelter in Cervo, Lugo. They’re set to meet with the Consellería de Industria on October 13, and Alcoa representatives on October 16. José Antonio...
READ MORERenewable Partnerships Bolster Clean Energy Initiatives Alabama Solar Expansion: U.S. aluminium company Novelis will endorse the development of two 80-MW solar power facilities in Alabama. This move stems from an alliance with a regional branch of energy provider Southern Company. Novelis committed to Alabama Power’s Renewable Subscription Programme. This commitment aims to procure adequate renewable...
READ MORECentral Asia Metals announced a promising Q3 2023 operations update. The company reported production figures for its Kounrad copper recovery plant in Kazakhstan and the Sasa zinc-lead mine in North Macedonia. Key operational highlights include: – No lost time injuries at both Kounrad and Sasa. – Kounrad copper production totaled 3,661 tonnes. – Sasa produced...
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Overview Critical Metals has entered into a non-binding term sheet with Katanga Strategic Resources and Operations. The term sheet outlines the potential acquisition of the Kastro Plant assets, a hydrometallurgical plant in Lubumbashi, Democratic Republic of the Congo (DRC), for US$8 million. Details Critical Metals, with a 70% stake in the Molulu copper/cobalt project in...
READ MOREBattery Production in Poland Volkswagen has confirmed its plans to start producing battery components for its electric vehicles in Poland. This development, however, doesn’t halt the ongoing preparations for a potential gigafactory in Liny, near Pilsen, Czech Republic. According to Vojtěch Srnka, spokesperson for the Ministry of Industry and Trade, the two ventures are distinct....
READ MORECEO Transition at Gold Fields Following the departure of Chris Griffith in late 2022, Gold Fields had Martin Preece acting as an interim CEO. Now, Gold Fields, South Africa’s preeminent gold producer and the largest in Africa, has announced a new CEO. Starting January 1, 2024, former South32 executive Mike Fraser will helm the company....
READ MOREIn recent developments, XL Axiata has expressed its intentions to enhance its offerings within the enterprise segment, particularly aiming for the business-to-business (B2B) market in the mining industry. The company’s Private Network service is already being utilized by companies like PT Vale Indonesia and PT Pamapersada Nusantara, with the latter benefiting from XL Axiata’s LTE...
READ MOREAurubis prepares for lower copper demand Next year we should expect a lower level of demand for copper. The metal is used in various industries and construction. This is supported by the fact that the European metallurgical giant Aurubis notified its customers that it will set a $228 per tonne premium for copper in 2024....
READ MOREMike Fraser, the Chief Executive Officer of Chaarat Gold Holdings, has stepped down from his position effective immediately. Following the announcement, the company’s shares saw an 11% uptick, trading at 4.38 pence on Monday morning. Chaarat Gold Holdings, known for its operational mine in Armenia and additional assets in Kyrgyzstan, has decided to forgo Fraser’s...
READ MOREDuring the “Future Energy Conference” at the China Petrochemicals and Petrochemicals International Conference (CPCIC2023), Ms. Yu Wang, Deputy General Manager of Precious Metals Market Development at Anglo American Trading (China) Co., Ltd., discussed the use of platinum group metals in the green hydrogen industry. She highlighted the company’s efforts and contributions but also noted the...
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Cameroon’s extractive industry’s governance practices are currently being examined by the Extractive Industries Transparency Initiative (EITI) in a routine procedure referred to as “Itie validation”. However, the shadows cast by the 2021 Glencore scandal, exposing a massive global corruption web implicating two Cameroonian companies, has added more urgency to this examination. Background In 2021, EITI...
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Transitioning the Mines Amid declining platinum group metal (PGM) prices, Anglo American Platinum (Amplats) is revisiting its growth plans, especially its transition from open pit to underground mining at its Mogalakwena mine in Limpopo. New CEO Craig Miller remains optimistic about PGMs despite a significant drop in prices since the beginning of 2023. The company...
READ MOREUmicore and PowerCo are pooling resources to invest nearly €1.7 billion in a new production facility for electric vehicle battery materials in Nysa, Poland. The facility will focus on the creation of active cathode materials (CAM). The collaboration between these two companies led to the formation of the IONWAY project earlier this year. The facility...
READ MORECanadian Critical Minerals Inc. (CCMI) has announced an Ore Purchase Agreement with the New Afton operation for processing. The agreement stipulates that over the next two years, CCMI will supply up to 90,000 tonnes of mineralized material from its Bull River Mine to the New Afton operation located near Kamloops, British Columbia. Currently, a stockpile...
READ MOREAt the FT Mining Summit in London, Rio Tinto Chair, Dominic Barton, broached the idea of partnerships with sovereign nations and smaller firms to develop small-scale mining projects. This approach, although now aimed at securing supplies of critical minerals like copper and lithium for green energy, harkens back to strategies from the 1980s. During that...
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Vedanta Aluminium, India’s leading aluminium producer, launched a new series of wire rods targeting the power and transmission industry. This announcement came during the Cable & Wire Fair 2023 (CWF2023) held in New Delhi. The product lineup includes the T4, AL59, and the 8xxx series. The T4 alloy rod is optimized for high-voltage transmission grids...
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