Critical minerals targeted as Australia boosts resource hunt
Australia will spend A$566 million ($373 million) over the coming decade to map out resource deposits with a focus on reserves of critical minerals, which are vital for high-tech manufacturing and the green-energy transition.
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Manara Minerals’ team in Pakistan for talks on Reko Diq stake
Executives from Saudi Arabian mining company Manara Minerals are in Islamabad to continue talks about buying a stake in Pakistan’s Reko Diq gold and copper project, a Pakistan government document showed on Monday.
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Congo questions Apple on concerns about use of conflict minerals
The Democratic Republic of Congo’s government notified Apple Inc. of concerns that the company’s supply chain may be tainted by conflict minerals sourced from the central African nation.
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China’s Zhaojin Mining buyout offer for Tietto Minerals now unconditional
China’s Zhaojin Mining Industry said on Wednesday that its A$733 million ($477.8 million) offer to buy Australia’s Tietto Minerals has become unconditional.
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First Quantum Minerals cuts debt by over $1bn in first quarter
Canadian miner First Quantum Minerals said on Tuesday that it has cut its debt by $1.14 billion in the first quarter.
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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.
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US, EU set to miss critical minerals agreement this week
A US and European Union push to reach an accord on fostering critical mineral supply chains is set to miss another target this week, according to people familiar with the discussions.
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Pilbara Minerals signs offtake agreement with China’s Sichuan Yahua
Pilbara Minerals said on Tuesday it has signed an agreement with Sichuan Yahua Industrial Group for the supply of spodumene concentrate from the lithium miner’s Pilgangoora operation in Western Australia.
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Australia and Vietnam upgrade relations, to begin talks on critical minerals
Australian Prime Minister Anthony Albanese said on Thursday the country was raising ties with Vietnam to the level of a comprehensive strategic partnership, with an annual dialogue on minerals amid a push to diversify supply chains away from China.
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Canada and Australia boost collaboration on critical minerals
Canada and Australia have agreed to promote shared priorities related to the extraction, processing, and refining of critical minerals, they said in a joint statement on Monday.
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India launches second part of critical minerals auction worth $362 billion
India launched the second part of its critical minerals auction worth an estimated 30 trillion rupees (about $362 billion), the country’s mines minister, Pralhad Joshi, said on Thursday.
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Australia considers tax credit for minerals processing, says industry group
The Australian government is considering a tax credit for companies that build processing facilities to boost the value of green energy minerals such as nickel and lithium, the head of a mining industry association said on Wednesday.
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Pentagon plans AI-based program to estimate prices for critical minerals
The US Department of Defense plans to develop a program to estimate prices and predict supplies of nickel, cobalt and other critical minerals, a move aimed at boosting market transparency but one that throws a new, uncertain variable into global metals markets.
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Australia wants to compete with China on critical minerals, Minister King says
Mining News Pro - Australia wants to compete with China in producing and refining resources vital to the next phase of high-tech manufacturing around the world, according to Minister Madeleine King, backing the country’s bid to build its critical minerals capability.
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SQM ties up with Hancock on $1.1bn bid for Azure Minerals
Mining News Pro - Chile’s SQM has teamed up with Australia’s richest person, Gina Rinehart, to make a sweetened A$1.7 billion ($1.14 billion) bid for Australian lithium developer Azure Minerals, the three parties said on Tuesday.
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Australia expands list of critical minerals key to transition
Mining News Pro - Australia expanded its list of critical minerals deemed crucial to its energy transition and national security needs as the country boosts the strategically and economically important sector.
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China allows a trickle of critical minerals exports ahead of graphite curbs
Mining News Pro - China exported small amounts of two minerals crucial to high-tech manufacturing in October, marking a resumption in sales after a two-month hiatus caused by Beijing’s restrictions.
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Epiroc collaborates on critical minerals
Mining News Pro - Epiroc is partnering with European consortium Smart Exploration on research dedicated to minerals and metals that are innovation-critical in the net-zero push.
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New critical minerals facility for Queensland
Mining News Pro - Townsville is set to become home to Australia’s first critical minerals processing centre, the Queensland Resources Common User Facility (QRCUF).
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Australia’s Tietto Minerals urges rejection of Chinese firm’s takeover offer
Mining News Pro - Tietto Minerals said on Friday a takeover offer by a unit of China’s Zhaojin Mining Industry “materially undervalues” the Australian gold company.
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Ottawa outlines eligibility for companies seeking C$1.5bn in critical minerals infrastructure funding
Mining News Pro - Ottawa is finally getting ready to accept applications for a C$1.5-billion infrastructure fund to support critical minerals mines, with stakeholders in Ontario’s Ring of Fire hoping they will be among the recipients.
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US, UK make progress on critical minerals agreement
Mining News Pro - US Trade Representative Katherine Tai said “significant progress” was made on a US-UK critical minerals agreement in talks on Saturday in Japan.
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Rinehart buys 18% stake in Azure Minerals to block SQM takeover
Mining News Pro - Australia’s richest woman Gina Rinehart’s Hancock Prospecting said on Friday it had acquired 18% of Azure Minerals in a strategic move aimed at deranging Chilean lithium giant SQM’s A$1.63 billion ($1bn) bid for the junior.
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Azure Minerals agrees to $1bn takeover bid from SQM
Mining News Pro - Australia’s Azure Minerals Ltd said on Thursday it had agreed to a takeover offer from Chilean mining giant Sociedad Química y Minera de Chile (SQM), in a deal implying an equity value of A$1.63 billion ($1.03 billion) for the lithium producer.
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Australia boosts critical minerals fund by over $1 billion to attract international investors
Mining News Pro - The Australian government will double the amount of money on offer to support critical minerals projects, aiming to attract American miners and processing companies to establish operations in Australia.
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