London’s AIM-listed gold mining company, Chaarat Gold, is actively considering various financing avenues, which may include the sale of its sole operational mine, Kapan, situated in Armenia. The Chief Executive Officer, Mike Fraser, conveyed this information on Friday. Furthermore, the firm is engaged in ongoing discussions with investment management entity Xiwang, exploring a potential investment...
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Australia’s mining industry has contributed a historic A$455 billion ($298.64 billion) in export revenue during the 2022–23 financial year, a recent report by the Australian Bureau of Statistics (ABS) has revealed. This remarkable figure accounts for two-thirds of the nation’s total export revenue and marks a notable 10.5% increase from the previous record set in...
READ MOREIn a strategic move to enhance its precious metals portfolio, Silvercorp Metals (TSX/NYSE: SVM), the Canadian mining company, has initiated a takeover deal for OreCorp (ASX: ORR), an Australian gold developer. Under the terms of the agreement, Silvercorp will acquire all outstanding shares of OreCorp for A15c in cash and 0.0967 of a Silvercorp share...
READ MOREIperionX Limited (NASDAQ: IPX, ASX: IPX) has reached a significant milestone in its quest to develop the world’s largest recycled titanium metal production facility in Virginia. The company has secured all necessary permits to commence construction and operations at the planned facility. These permits include the Industrial Wastewater Discharge permit issued by the Halifax County...
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Vale Base Metals (VBM) Ltd. has recently inked deals worth $3.4 billion with two Saudi Arabian-owned entities, marking a significant step towards the development of its base metals operations as an independent entity. The agreement will provide the necessary funding for VBM’s ambitious capital projects, focused on increasing the production of critical minerals essential for...
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LithiumBank Resources Corp. (TSX-V: LBNK) (OTCQX: LBNKF) has entered into a definitive asset purchase agreement with Pristine Lithium Corp. (Pristine Lithium) to sell its three lithium brine projects, Estevan, Kindersley, and South, located in Saskatchewan, Canada. “The strategic sale of our Saskatchewan assets to Pristine Lithium will expedite the unlocking of our Saskatchewan properties’ true...
READ MOREEureka Resources, in collaboration with SEP Salt & Evaporation Plants Ltd. successfully extracted 97% pure lithium carbonate from oil and natural gas brine with an impressive recovery rate of up to 90%. This achievement marks a major milestone in their mission to establish a sustainable lithium supply chain in North America. Moreover, Eureka’s patented water...
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SKC Co. has announced a strategic partnership with Japan’s Toyota Tsusho Corp. to establish a joint venture that will produce and supply battery-grade copper foil in North America, targeting the rapidly growing electric vehicle (EV) market. Under the memorandum of understanding, SK Nexilis Co., SKC’s subsidiary specializing in copper foil production, will join forces with...
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Galvorn, a remarkable material developed by Houston-based DexMat, is making waves in the green tech landscape. Stronger than steel, lighter than aluminum, and as conductive as copper, Galvorn presents itself as a promising alternative to rare and expensive copper, which plays a crucial role in electronics. Backed by a significant investment of over $20 million...
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As of July 28, 2023, Niger has suspended its constitution and dissolved all institutions following a military coup that overthrew President Mohamed Bazoum. It’s worth noting that Niger is one of the world’s significant uranium producers and holds the seventh position globally in uranium production, according to the World Nuclear Association (WNA). Uranium is a...
READ MOREIn a significant move to expand its global mining assets, Saudi Arabian Mining Company, known as Ma’aden, has entered into an agreement to acquire a 10% stake in Brazil’s base metals company Vale. The transaction, facilitated through Ma’aden’s joint venture Manara with the Public Investment Fund, is valued at $26 billion based on enterprise value....
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Researchers from the Universities of Birmingham and St Andrews, along with Diamond Light Source, have made a groundbreaking discovery of a novel copper protein binding site that has potential applications in MRI contrast agents. This discovery challenges the conventional belief that copper is unsuitable for use in MRI and could pave the way for new...
READ MORESouth African platinum miner, Impala Platinum (Implats), has successfully completed its bid to control Royal Bafokeng Platinum (RBPlat), raising its stake to 91%. The acquisition process involved purchasing a 34.5% stake in RBPlat from fellow South African miner, Northam, for R9 billion ($505 million) and around 30 million Implats shares. The rivalry between Northam and...
READ MOREEcuador’s government announced on Thursday that it has successfully concluded negotiations with Australian miner SolGold (OTCPK: SLGGF) to move forward with the development of the Cascabel copper-gold mine. The ambitious project is anticipated to require a substantial investment of nearly $5 billion over its operational lifespan. According to government projections, the Cascabel mine has the...
READ MOREOn Friday morning, shares of Newcrest Mining experienced a significant drop of 4.9 per cent, following disappointing earnings reported by Newmont Corporation, the takeover bidder for the Australian mining company. Newmont’s financial results fell short of analyst expectations, leading to a negative impact on Newcrest’s stock performance. As of 10:17 am, Newcrest shares were trading...
READ MOREEmirates Global Aluminium (EGA) recently announced a significant memorandum of understanding (MOU) with ITOCHU Corporation of Japan to collaborate on aluminium production growth with a focus on decarbonization and developing domestic industries in EGA’s supply chain. The MOU was signed during the UAE’s Japan-UAE Business Forum and in the presence of esteemed dignitaries, including Abu...
READ MOREUniversity of California Irvine (UCI) scientists have achieved a significant breakthrough in the quest for more sustainable electric vehicle (EV) batteries. They developed a revolutionary chemistry that creates long-lasting, cobalt-free lithium-ion batteries, with nickel playing a key role. Currently, cobalt is commonly used as a stabilizing agent in EV batteries, but it is expensive and...
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The recent experiments conducted at the U.S. government’s Sandia National Laboratories have demonstrated that pieces of pure platinum and copper can spontaneously heal cracks caused by metal fatigue. Metal fatigue occurs when metal is subjected to repeated stress or motion, leading to microscopic cracks that can worsen over time and potentially cause catastrophic failures in...
READ MOREThe Ural Mining and Metallurgical Company (UMMC) has been added to the US Treasury Department’s sanctions list, posing challenges for the major copper producer in Russia. Despite the expectation of such sanctions, the move came as bad news for the company. UMMC is among Russia’s top three copper producers, estimated to produce around 450,000 to...
READ MOREAnglo-Australian mining giant, Rio Tinto Group, recently released its production results for the second quarter of 2023, showing both positive and negative trends in its operations. The company faced challenges in bauxite ore production due to rainy weather, while it experienced growth in aluminium smelting activities as capacity ramped up. In the second quarter, Rio...
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Researchers from North Carolina State University have achieved a groundbreaking milestone by developing a highly conductive metallic gel that allows for the 3D printing of solid objects at room temperature in a single step. This breakthrough opens up new possibilities for manufacturing advanced electronic components and devices. The researchers created the metallic gel by suspending...
READ MORERio Tinto is making a strategic investment of US$27.5 million in Sovereign Metals Limited’s Kasiya Rutile-Graphite Project in Malawi. Through this investment, Rio Tinto will acquire a 15% stake in Sovereign, with the potential to increase it to 19.99% within a year. The collaboration aims to tap into significant supplies of low carbon footprint natural...
READ MOREKorea Zinc, the world’s largest zinc and lead smelter, is poised to become a supplier of copper foil, a crucial component for battery manufacturing, to LG Energy Solution Ltd., the world’s second-largest battery maker. The company is currently providing sample supplies to LG Energy after successfully passing tests on LG batteries. If a formal agreement...
READ MOREVedanta Resources Ltd., owned by Indian billionaire Anil Agarwal, has announced that it is in “advanced stage” talks to regain control of the Konkola Copper Mines Plc in Zambia, four years after the Zambian government took over the mining complex. Vedanta issued a statement on Sunday expressing its commitment to the negotiation process, even though...
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