A team of researchers from the University of Minnesota has achieved a significant breakthrough by synthesizing a thin film of a distinctive topological semimetal material, offering the potential to enhance computing power and memory storage while significantly reducing energy consumption. The researchers successfully created the material, composed of platinum, tin, and iron, in a thin-film format, and further studies unveiled...
Mining news
Teck Resources spins off steelmaking coal unit to focus on energy transition metals, takes new name
Canadian diversified miner Teck Resources announced on Tuesday it would spin off its steelmaking coal business into a new company, called Elk Valley Resources (EVR), to focus on energy transition metals. The remaining business will take a new name, Teck Metals, and retain steelmaking coal cash flows for the transition period. The deal will be structured as EVR’s spin-off. Teck...
Glencore puts 23% stake in Peruvian zinc, silver miner Volcan for sale
Swiss miner and trader Glencore said in its annual report it had put up for sale its 23% stake in Peruvian zinc and silver miner Volcan. “In Q4 2022, Glencore commenced a process exploring the possible disposal of its 23.3% economic interest in Volcan. As a result, the carrying amounts of Volcan assets and liabilities as at 31 December 2022...
Freeport-McMoran suspends world’s second-largest copper mine in Indonesia after heavy rains
Mining company Freeport-McMoran announced suspension of operations at Grasberg, the world’s second-largest copper mine in Indonesia, after heavy rainfalls caused landslides in the area. “PT Freeport Indonesia’s (PT-FI) Grasberg operations have been temporarily disrupted because of significant rainfall and landslides in the area of its milling operations in Papua, Indonesia,” the company said. Infrastructure near the company’s milling complex was...
Europe’s largest deposit of rare earth metals discovered in Kiruna, Sweden
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. Who LKAB, a mining company...