Russian Metals Producer Installs Water Turbidity Monitors at Shops
Russian 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 like this system on the...
Indonesia Seeks Trade Talks with the U.S. on Critical Minerals
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 Widodo and U.S. Vice President...
Vale Base Metals Announces $10 Billion Investment in Indonesia for EV Metal Production
Vale Base Metals is committing $10 billion in investments over the next decade in Indonesia to meet the surging demand for metals like nickel and copper, essential for electric vehicle (EV) production, according to the company’s CEO. This substantial investment is part of Vale’s broader plan to allocate $25 billion to $30 billion for new projects in Brazil, Canada, and...
Inomin Mines Reports Encouraging Results from Beaver-Lynx Critical Minerals Project
Inomin Mines (TSXV: MINE), the 100% owner of the Beaver-Lynx critical minerals project, has announced promising findings from the initial drilling at the South zone. Hole B23-01 yielded significant concentrations of 23.03% magnesium, 0.19% nickel, and 0.39% chromium. Meanwhile, hole B23-02 returned notable values of 21.09% magnesium, 0.17% nickel, and 0.34% chromium. The Beaver-Lynx property, situated approximately 50 km from...
CleanTech Lithium Open to Partnering with Chile’s ENAMI in Lithium Projects
CleanTech Lithium PLC (AIM:CTL, OTCQB:CTLHF) has expressed its willingness to consider inviting Chile’s state mining company, ENAMI, to become a minority partner in its two projects located in Chile. CleanTech’s subsidiaries in Chile, Atacama Salt Lakes and Laguna Negro Francisco, have recently submitted applications for special operation contracts (CEOL) concerning the Laguna Verde and Francisco Basin projects. These CEOL applications...
Cornish Lithium Secures £53 Million Investment for Lithium Extraction and Geothermal Facility
UK-based mineral exploration firm Cornish Lithium has successfully secured £53 million (approximately USD 67 million) in investment. The funding comes from the UK Infrastructure Bank, in collaboration with the Energy and Minerals Group (EMG) and TechMet. Importantly, the investors also retain the option for a second-stage investment of £168 million. While the primary focus of this investment will be the...
WPIC Raises Global Platinum Deficit Forecast to Record 1 Million Ounces in 2023
The deficit in the global platinum market will most likely top 1 million ounces this year due to strong demand growth from carmakers and other industries amid flat supply, the World Platinum Investment Council (WPIC) said in its latest quarterly report. “Total supply is expected to remain flat, aligned with the weak 2022 level of 7,224 koz (-31 koz), while...
Barrick Gold Seeks $7 Billion Investment to Revive Reko Diq Mining Project in Pakistan
For three decades, international mining companies have grappled with officials and local communities over a desert region surrounding an extinct volcano in Pakistan’s western province of Balochistan, a region prone to insurgency and often neglected, as reported by the Financial Times. Now, after resolving years of legal disputes, Barrick Gold is planning a $7 billion investment to revive the Reko...
Request to Include Aluminium in the Strategic Raw Materials List Gains Traction
A coalition comprising producers of raw materials, clean technology, defense, and aerospace manufacturers has appealed to policymakers, urging them to consider adding aluminium to the Strategic Raw Materials list, as outlined in the Critical Raw Materials Act. This request underscores growing apprehensions about the stability of the global raw materials supply chain. Recent challenges, such as the difficulties in maintaining...
Turkish Investor Plans to Build a Factory in Pavlodar Region
A Turkish investor intends to establish a factory in the Pavlodar region, as reported by LS with reference to the regional administration. According to the information, Altrade Company (Turkey) plans to launch the first aluminum processing plant in Kazakhstan. It is expected that the facility will produce 18,000 tons of aluminum sheets annually. “In the initial construction phase, the investment...
Massive Lithium Deposit Discovered in Nevada–Oregon Border Area Could Transform Global Supply
A remarkable lithium deposit situated along the Nevada–Oregon border has garnered attention as it holds the potential to meet the soaring global demand for this critical metal. This discovery, featuring an estimated 20 to 40 million tonnes of lithium metal, surpasses the size of previously identified deposits, including one beneath a Bolivian salt flat previously considered the world’s largest. In-depth...
GV Gold Plans to Commence Technical Launch of the “Svetlovskiy” Mining Plant and Obtain First Gold by 2025
GV Gold plans to achieve the technical launch of the “Svetlovskiy” Mining Plant and produce its first gold by 2025. The facility will process up to 3.5 million tons of ore per year and produce up to 3.1 tons of gold once the factory reaches its designed capacity. This was discussed during a meeting in Moscow between the Governor of...
Albemarle Aims to Complete Liontown Resources Acquisition by Mid-2024 to Secure Lithium Supply
Albemarle, the world’s largest lithium producer, has set its sights on finalizing its acquisition of Australian junior competitor Liontown Resources by mid-2024, as stated by its CEO during an announcement on Tuesday. Earlier this week, Albemarle put forward a revised non-binding bid of $4.3 billion for Liontown, seeking to strengthen its access to the essential electric vehicle battery metal. This...
Chinese Groups Among Contenders for $2 Billion Botswana Copper Mine Acquisition
Three Chinese entities are among the remaining contenders vying to acquire a Botswana copper mine potentially valued at around $2 billion, as disclosed by individuals familiar with the matter. Zijin Mining Group Co., MMG Ltd., and Aluminium Corp. of China, also known as Chinalco, have advanced to the second round of the bidding process for the Khoemacau project, according to...
Vale to Establish “Mega Hubs” for Low-Carbon Iron Ore Production in the Middle East
Brazilian mining giant Vale has revealed its plans to commence the construction of “mega hubs” in Middle Eastern nations next year, aiming to produce low-carbon iron ore products tailored for the steel industry. The first of these hubs is anticipated to become operational by 2027. Last year, Vale had initially unveiled its intentions to establish these plants in Saudi Arabia,...
AO Almalyk Mining and Metallurgical Complex Signs Memorandum of Understanding and Cooperation with Chinese Company
On September 5, 2023, a Uzbek-Chinese business forum took place in Tashkent, within the framework of which events were held to commemorate the 10th anniversary of the “Belt and Road” initiative and a conference on cooperation and exchange between China (Shandong) and Uzbekistan. The aim of these events was to promote the joint utilization of the “Belt and Road” opportunities,...
Codelco Announces $4.1 Billion Investment Plan and Bond Offering
Chilean state-run mining company Codelco has disclosed its intention to invest $4.1 billion during the current year, according to a statement released on Tuesday. This significant investment is part of the company’s strategy to advance various new projects. To facilitate the financing of this year’s capital expenditures, Codelco initiated a bond offering in New York earlier in the day. The...
Rio Tinto Announces New CEO for Aluminium Segment
Rio Tinto (RIO.AX) announced on Tuesday that it has appointed Jérôme Pécresse as the new Chief Executive Officer for its aluminium segment, succeeding Ivan Vella, who is set to depart from the company by the end of this year. Pécresse, a French citizen with a wealth of experience in senior leadership positions within global mining and energy companies such as...
Gekko Systems Facilitates Commencement of Tungsten Production at Dolphin Mine
Gekko Systems has reached a significant milestone as it oversees the initiation of commercial tungsten production at the Dolphin Tungsten Mine on King Island. Group 6 Metals (G6M) engaged Gekko Systems to design, procure, and construct a mineral processing plant dedicated to tungsten recovery at the Dolphin Mine located on King Island. Gekko’s engineering team collaborated closely with G6M to...
Thiess Secures AU$240 Million Nickel Mining Contract in Central Halmahera
Leading mining services provider Thiess has been awarded a substantial AU$240 million contract for nickel mining operations by PT Halmahera Sukses Mineral, marking its second successful venture into the Indonesian nickel market in 2023. Over the course of this 3.5-year contract, Thiess will oversee the complete spectrum of mining operations, encompassing mine development, haul road construction, ore loading, and hauling....
