Five Eyes countries working to fight critical minerals dumping

Canada and its Five Eyes Alliance partners are working on put forward a response to tackle the price manipulation of critical metals, Canada’s Finance Minister Chrystia Freeland said on Tuesday.

Codelco pays heavy price for ramping up debt burden to fund over-budget projects

Codelco is paying a high price for increasing its already heavy debt load to finance late and over-budget projects that are needed to maintain its status as the world’s biggest copper supplier.

Nickel prices keep slumping even as mines close

Nickel futures continued to edge lower on the London Metal Exchange, despite a slew of announcements by companies cutting production in response to a collapse in prices.

China’s coal king is catching up with its new battery champions

Mining News Pro - China’s battery giants are at the forefront of the global energy transition, but on the stock market they’re being outshined by the dirtiest fossil fuel.

Albemarle cuts annual forecast on slumping lithium prices

Mining News Pro - Albemarle, the world’s largest producer of lithium for electric vehicle batteries, trimmed its annual forecast on Wednesday and reported a lower-than-expected quarterly profit amid slumping prices for the ultralight metal.

Slumping lithium prices signal angst over China’s demand outlook

Mining News Pro - Lithium prices are spiraling down toward the lowest level in two years on concerns over the strength of Chinese demand for the material, a key ingredient in electric vehicle batteries.

Champion Iron shares rise after update boosts Bloom Lake resources by 40%

Mining News Pro - An update for Champion Iron‘s Bloom Lake mine in northeast Quebec has increased measured and indicated resources by 40% and inferred resources by 360%, boosting company shares by more than 6% on Wednesday.

India imposes anti-dumping duty on stainless steel tube imports from China

Mining News Pro - India has imposed an anti-dumping duty on stainless steel seamless tubes and pipe imports from China for five years to remove "injury" to the domestic industry, according to a government notification.

Copper mining has a new champion in veteran Peruvian economist

Mining News Pro - Put the cautious optimism on display at Peru’s top mining event down to three main factors: easing pandemic restrictions, copper’s bright longer term outlook and a diminutive sexagenarian economist.

War derails plan to ditch coal after UK championed global cuts

Mining News Pro - When the COP26 climate talks concluded in November, UK Prime Minister Boris Johnson declared the world had reached a point of no return in phasing out coal. At the same time, Ukrainian Foreign Minister Dmytro Kuleba warned Europe that Russia was amassing forces near its border.

Foraco wins $60m deep directional drilling contract with BHP Olympic Dam

Mining News Pro - Foraco International, a leading global provider of mineral and water drilling services, has been awarded a major contract with BHP Olympic Dam.

Champion Iron Q4 production drops 7% due to lower head grade

Mining News Pro - Champion Iron has provided operational results for its fiscal fourth quarter and full year ended March 31, 2022. The company owns and operates the Bloom Lake mining complex, located on the south end of the Labrador Trough, approximately 13 km north of Fermont, Quebec, and 10 km north of the Mont Wright iron ore mining complex held by ArcelorMittal Mines Canada.

Brothers behind Brazil’s $18 billion meat empire are getting into mining

Mining News Pro - Brazil’s Batista brothers built the world’s largest meat supplier through ruthless dealmaking, often buying unwanted assets and turning them around. Flush with cash, now they’re getting into the mining business.

Mount Polley copper mine in British Columbia ramping up to restart this spring

Mining News Pro - Hundreds of workers who worked at the Mount Polley copper mine near Williams Lake in British Columbia are being recalled and new ones being recruited, as the mine ramps up for a spring restart, buoyed by high copper prices.

Ravenswood expansion going for Olympic gold

Mining News Pro - Queensland’s historic Ravenswood gold mine has been touted as the supplier of gold for the Brisbane Olympic and Paralympic medals in 2032, as the government pushes for its expansion.

Agnico, Kirkland began talks 2 years ago to form 'gold champion'

Mining News Pro - Executives at Agnico Eagle Mines and Kirkland Lake Gold began talking more than two years ago about combining in what is being described as a C$13.4-billion “merger of equals” between the Toronto-based miners.

Rio Tinto commits to stamping out workplace harassments

Mining News Pro - Rio Tinto has reaffirmed its dedication to eradicating sexual harassment from its operations and acknowledges change is needed to eliminate it from the mining sector.

BHP hands Olympic Dam contract to Boom

Mining News Pro - BHP has awarded a $15 million smelter maintenance contract at the Olympic Dam operation in South Australia to Boom Logistics.

The next electric-car battery champion could be European

Mining News Pro - With Europe expected to lead the world in electric-car sales for a second straight year, an epic rush to build a battery-supply chain from scratch is playing out across the continent.

Anti-dumping investigation could lead to higher costs for European steelmakers

Mining News Pro - European steelmakers using electric arc furnaces (EAFs) could see higher costs in their production lines as a result of a recent skirmish between Chinese exporters of synthetic graphite electrodes and Europe-based manufacturers.

Phoenix Copper raises cash for Empire starter project

Mining News Pro - Phoenix Copper will raise £16.45-million to continue development of the openpit ‘starter’ project at its Empire mine, in Idaho.

Hedge funds raise mining shorts as covid vaccines seen tamping gold gains

Mining News Pro - Hedge funds increased bets against major gold miners, filings reviewed by Reuters showed, as covid-19 vaccines weakened expectations for the yellow metal after a year of record gains.

Hedge funds raise mining shorts as Covid vaccines seen tamping gold gains

Mining News Pro - Hedge funds increased bets against major gold miners, filings reviewed by Reuters showed, as Covid-19 vaccines weakened expectations for the yellow metal after a year of record gains.

Newmont’s Musselwhite mine ramping up to full operations

Mining News Pro - Newmont is ramping up towards full operations at its Musselwhite mine in Ontario following successful commissioning of the mine’s conveyor system and the material handling system. Commercial production has now been restored at the Musselwhite conveyor.

Champion picks up Kami iron-ore project

Mining News Pro - Champion Iron has agreed to buy the Kamistiatusset iron-ore project, which is only a few kilometres from its Bloom Lake mine, in Canada

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