The 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 increase costs for aluminum that...
Anglo-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 2024. The companies also agreed...
Coeur Mining announced the closure of the sale of its southern Nevada assets on 4 November. The Sterling and Crown exploration sites, which occupy a land area of 14,365 ha, will be purchased by a subsidiary of AngloGold Ashanti (NYSE: AU). AngloGold has existing gold projects in the Beatty area of Nevada, making the purchase a strategically important one.The Sterling...
After the signing of a financing package that will provide up to $123 million in liquidity, Nevada Copper is set to restart operations at its Underground Mine location within the larger Pumpkin Hollow reserve. The resumption of copper extraction at the site comes with an optimised plan to bring the mine’s life-cycle value forward by incorporating the larger, higher-grade East...
A USD 873 billion mine extracting Ni, Cu, Pt, Pd and Au metals from the magmatic sulphide deposit that forms the core of Norilsk Nickel’s eponymous operations was listed as the most valuable mine in the world by MINING.COM. If the calculations were based on prices back in March, the value of the mine would have pushed USD 1.5 trillion....
