In 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...
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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...
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Analysis 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 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...
READ MOREContinuing Investigation The New South Wales Government’s inquiry into potential toxic pollution advances, setting its sights on the Cadia gold mine and other Central West mining sites. The probe is meticulously examining the impact of mining activities on public health, land, and water quality. Earlier Proceedings Previous hearings held at NSW Parliament House brought Cadia’s...
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Glencore’s Financing Decision: On Wednesday, September 27, Glencore, a major shareholder in Koniambo Nickel SAS (KNS) with a 49% stake, announced plans to withdraw financial support for the New Caledonian firm by the end of February 2024. This decision hinges on the absence of alternative financing solutions. A Nickel for Koniambo’s Thoughts: The majority stakeholder...
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Pan American Silver (PAAS) has successfully completed the previously announced divestment of its 56.25% stake in the MARA project in Argentina and its 92.3% ownership in the Morococha mine in Peru. These divestments align with Pan American’s strategic goal of optimizing its portfolio after acquiring Yamana Gold. The transactions will lead to a reduction in...
READ MORECheck out the exclusive interview with Sergey Saltykov, doctor of chemical sciences, catalyst lead, department for technological innovations, Nornickel, on Palladium: You may also be interested in more Palladium news!
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See full Global Zinc Market Infographic here Zinc prices have been on a downward trend since January, following the sharp rises seen in 2022. This trend is not encouraging for zinc producers in Europe, who are already struggling with high electricity costs. In other regions of the world, the situation is different, but also ambiguous....
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Adriatic Metals announced plans to initiate production at its Vares silver project in central Bosnia this November. This development marks the first new mine in Europe in over ten years. The project involves revitalizing a former silver mine that had remained dormant during the civil strife of the early 1990s. CEO Paul Cronin highlighted the...
READ MOREFormer head of Rosaviation, Alexander Neradko, intends to take a position at Norilsk Nickel. This information was provided to TASS by a source close to the Ministry of Transport. “He will move to Norilsk Nickel, to the position of vice president. Two possible companies were discussed for his move – Aerodynamics and Norilsk Nickel, he...
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London’s FTSE 100 soared over 2% led by mining giants Anglo-American, Rio Tinto, and Glencore, each gaining over 5% as commodity prices surged, notably iron ore and oil. The index closed at 7,673.08, marking its highest since July 31, with a 1.95% increase. Chris Beauchamp, chief market analyst at IG, noted the rally was spurred...
READ MORERussian metals producer Nornickel said this week it was installing a video analytics system to monitor turbidity of water after ore processing at the Copper Smelter in Norilsk. Previously, water turbidity was monitored manually every four hours. From now on, real-time control will help employees respond faster to incidents, the company said. “There is nothing...
READ MOREIndonesia has formally requested trade negotiations with the United States to include critical minerals in a trade deal, enabling exports from the Southeast Asian nation to be eligible for coverage under the U.S. Inflation Reduction Act, according to a statement from the Indonesian Ministry. The request was presented during a meeting between Indonesian President Joko...
READ MOREHighland Gold Mining (HGM), led by entrepreneur Vladislav Sviblov, is gearing up to commence the development of a state-of-the-art mining plant at the Kun-Manie deposit in the Amur region of Russia by 2024. The decision to move forward with this ambitious project comes after Bering Metals, a company owned by Vladislav Sviblov, acquired the polymetallic...
READ MOREAccording to Lydian Armenia’s Executive Director, Hayk Aloyan, the company plans to start the exploitation of the Amulsar gold mine in 2024. Currently, engineering works are being carried out on the mine site, as the project experienced a five-year downtime. Aloyan stated that 70-80% of the work was already completed in 2018, and the company...
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Russian diversified metals producer Nornickel announced on Tuesday it had successfully tested gypsum — a byproduct of its flagship environmental project, the Sulfur Programme — for its use in making construction materials. To conduct lab tests, the miner joined forces with Russian producer of mortars and drywall materials Volma. Now, only formal environmental impact assessment...
READ MOREThe White House announced on Friday a new round of Russia sanctions, which included tariffs on imports of more than 100 commodities from Russia to the United States. “Today’s action will result in increased tariffs on more than 100 Russian metals, minerals, and chemical products worth approximately $2.8 billion to Russia. It will also significantly...
READ MOREAnglo-Australian diversified miner Rio Tinto announced on Tuesday it would supply carmaker BMW with responsibly sourced aluminum to help the latter lower its carbon footprint. The companies signed a Memorandum of Understanding (MoU), agreeing that the aluminum produced by Rio in Canada will be delivered to BMW’s production plant in Spartanburg, South Carolina, starting in...
READ MOREFinland’s battery industry plans to invest more than EUR 6 billion in the coming years, a new industry association reported. Akkuteollisuus ry – Finnish Battery Industries, a newly created body, expects thousands of new jobs in line with industry expansion, adding that turnover is expected to reach EUR 9 billion per year by 2027. The...
READ MOREThe Finnish company Sensmet has developed a technology called Micro-Discharge Optical Emission Spectroscopy (µDOES), which can measure multiple metals, including lithium and their impurities, in real time. The technology is based on atomic emission spectroscopy and creates a micro-discharge or electric spark directly inside an aqueous sample, causing a microscopic volume of the fluid surrounding...
READ MOREThe London Metal Exchange (LME) announced on 17 January that General Counsel and Head of Enforcement Tom Hine will step down from his role at the end of the month. In a statement, the exchange said that the LME Group legal management team temporarily assumed Hine’s responsibilities starting September 2022. Hine has been with the...
READ MORELKAB, a mining company based in Sweden, has identified significant deposits of rare earth elements in the Kiruna area, which are essential for the manufacture of electric vehicles and wind turbines. The company reports mineral resources exceeding one million tonnes of rare earth oxides, making it the largest known deposit of its kind in Europe....
READ MOREThe chair of the London Metal Exchange (LME), Gay Huey Evans CBE, announced that she will step down from her role in the wake of a nickel trading scandal that has shaken the exchange. The scandal, which was sparked by volatile prices in the nickel market in March due to the war in Ukraine, prompted...
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