Indonesia 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...
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According 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...
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The 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...
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LKAB, 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....
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