PowerCo, affiliated with the Volkswagen Group, and global CAM producer Umicore have teamed up to launch IONWAY. This venture will cater to PowerCo’s battery material needs for its European factories. In turn, Umicore gains a substantial segment of the European EV cathode materials market. The partnership aims to bolster the EU’s e-mobility sector by focusing...
READ MOREThe CEO of multinational mining company Anglo American, Duncan Wanblad, expressed concerns over the stifling business environment in South Africa (SA), pointing out the country’s missed potential due to lack of incentives for mining exploration. During his address at the Joburg Indaba mining conference, Wanblad emphasized that SA’s undiscovered potential remains hampered by factors like...
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Cagliari, Oct. 6 – Leading alumina company, Eurallumina, has stated its intent to begin collective dismissal procedures if an addendum to an existing memorandum of understanding regarding the activation of an extraordinary redundancy fund isn’t endorsed by the pertinent ministries. This development follows a prolonged 14-year dispute. The information was brought to light by the...
READ MORELondon-based Vast Resources has successfully raised GBP1.8 million ($2.2 million) by placing 933 million shares at 0.195 pence each, a rate which is approximately 22% lower than Thursday’s closing price of 0.25 pence. The funds are earmarked for working capital, addressing the company’s obligations in Romania and at a corporate level, and addressing unexpected operational...
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According to reporting by the Jakarta Post, Nickel Industries, an Australian-based nickel company, is on the brink of finalizing its plans to set up a high-pressure acid leaching (HPAL) smelting facility at the Indonesia Morowali Industrial Park in Central Sulawesi. The announcement indicates the project’s advancement into the final investment decision (FID) stage in the...
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“Potential to Go Backwards” BHP’s chief development officer, Johan van Jaarsveld, voiced concerns over Australia’s current investment environment, cautioning that without policy improvements, the nation might regress. BHP, despite its commitment to continuing its investments in Australia, is now reevaluating the associated risks and rewards, especially in light of recent government actions. The mining titan...
READ MOREPanoramic Resources Ltd announced a 5% increase in ore mined to 185,213T for its Savannah Nickel Project in the September quarter. Additionally, the project saw a 56% jump in concentrate production to 23,411DMT and a 42% rise in contained copper production to 932T. Learn more Breaking Metals news!
READ MOREAustralian gold miner, Newcrest Mining, confirmed on Friday that the proposed buyout by Newmont Corporation, worth A$26.2 billion ($16.68 billion), has secured all necessary government regulatory approvals. Deal Details and Progress The approvals received encompass those from the Australian Foreign Investment Review Board as well as competition authorities in Australia, Canada, and Papua New Guinea....
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Atlanta-based Novelis, prominent in the aluminum rolling and recycling industry, has disclosed its environmental milestones in the sustainability report for the fiscal year 2023, which covers April 1, 2022, to March 31, 2023. Steve Fisher, president and CEO of Novelis, highlighted the company’s steps in emission reduction and the inclusion of recycled content in their...
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Nano One has completed a CAD 16.9 million strategic investment agreement and collaboration with Sumitomo Metal Mining. Nano One, a clean technology company with patented processes for producing cathode materials for lithium-ion batteries, has finalized its strategic equity investment and collaboration with Sumitomo Metal Mining (SMM). SMM acquired 5,498,355 common shares of Nano One in...
READ MOREStarting soon, Europe will roll out a first-of-its-kind carbon-based tariff on imports, determined by the carbon emissions incurred during their production. This move, though targeting multiple industries, has significant implications for the metals sector, particularly steel. How It Works The Carbon Border Adjustment Mechanism is designed with a dual purpose: to motivate nations to enact...
READ MORENewmont Corporation has secured approval from the Securities Commission of Papua New Guinea (SCPNG) to move forward with its intended acquisition of Newcrest Mining Limited. This clearance provides Newmont with the necessary exemptions under PNG capital markets law. In preparation for this integration, Newmont has also initiated the creation of a dedicated Business Unit in...
READ MOREIn a recent development from Jamaica, C3 Metals has unveiled promising drill results from their operations at the Bellas Gate project. The highlight from the release centers on drill CMH8350-001 which recorded 207.8m at 0.43% copper and 0.20 g/t gold, starting just 22.0m downhole. Remarkably, within this expanse, a 135.0m segment showcased an enhanced concentration...
READ MOREIn a surprising move, Alcoa has chosen to “temporarily” shut down the only operational department in the Aluminum factory of San Cibrao, Foundry. This decision was attributed to soaring energy costs and diminishing orders from customers. The abrupt move has drawn the ire of the plant’s committee, which has hastily arranged a plenary session tomorrow...
READ MOREPanther Metals has voiced its support for Fulcrum’s recent expansion of the Charlot-Neely uranium-gold project in northern Saskatchewan, Canada. With the staking of three new claim blocks, Fulcrum has added a significant 4,856 hectares to the project’s area. Panther’s connection to this venture is evident; the company currently holds a 19.99% interest in Fulcrum. Beyond...
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Alien Metals Ltd has reported that its subsidiary, the Iron Ore Company of Australia, has secured Heritage Agreements with the Karlka Nyiyaparli Aboriginal Corporation RNTBC. The agreements concern two exploration licences and one miscellaneous licence associated with the Hancock Iron Ore Project in Western Australia’s Pilbara Region. Alien Metals owns a 90% interest in this...
READ MORECourt Decision: In August, the economic court of Donetsk region recognized “Ukrtsink” from Kostyantynivka as bankrupt, as noted in the court register. Historical Background: The enterprise, which was once a significant player in non-ferrous metallurgy, ceased operations in 2002. From its assets, new entities like “SP Lead” and “Zinc” emerged. “Ukrzinc” was established in Konstantinovka...
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Hemlo Explorers has shared new findings from its 2023 geological mapping and grab sampling program conducted on the eastern sector of Project Idaho. Strategically positioned 2-3 km east of the advancing Marathon Cu-Pd deposit managed by Generation Mining Ltd., Project Idaho lies between the Coldwell Complex and the Archean greenstone belt, renowned for the Hemlo...
READ MOREThe Almalyk Mining and Metals Combine (AGMK), a significant copper, silver, and gold producer in Uzbekistan, has secured a $2.55 billion loan from Germany’s KfW-IPEX Bank. This financial move aims to double AGMK’s current production capacity. Last year, AGMK produced 148,500 metric tons of copper. AGMK’s operations are primarily based on reserves of copper-molybdenum, lead-zinc,...
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Connecting New Depths: Nornickel has started mining operations at the Glubokaya mine within Skalisty, reaching an unprecedented depth of nearly 2 km. Glubokaya, it should be noted, translates as “Deep” from Russian. The achievement comes after successfully linking two independent vertical shafts: a ventilation shaft and a skip-cage shaft at -1943 meters, a first in...
READ MORECheck out a recap of the most important mining news from the past week: Gates and Bezos will be searching for copper in Zambia Zambia is among the world’s largest suppliers of copper ore, with approximately 1 million tons of ore (in terms of refined copper) being extracted from its mines out of the 22...
READ MOREAnalysis of Investments and Dividends: Russia’s Ministry of Finance has pointed out financial imbalances within the nation’s mining and metallurgical complex (MMC). Over the last decade, Russian MMC companies have generated an operating cash flow of 25 trillion rubles, yet reinvested only 8.5 trillion. This considerable disparity has led to discussions about financial practices in...
READ MORESpruce Ridge Resources Ltd has confirmed its option agreement with Benton Resources Inc. as of September 20, 2023. Through this agreement, Benton has the option to earn up to a 70% stake in Spruce’s Great Burnt Copper/Gold Property. Key Points of the Agreement: Upon Benton securing a 70% interest, both companies will jointly operate the...
READ MOREBrussels: Energy Minister Tinne Van der Straeten has expressed an ambition for Belgium to carve out a niche in the global recycling of rare earth metals. These metals, integral to various technologies, have extraction processes that raise environmental concerns. The Role of Rare Earths: Rare earth elements, including metals like cobalt and lithium, are essential...
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