Albemarle to auction lithium as part of push for price transparency
Albemarle, the world’s largest producer of lithium for electric vehicle batteries, said on Wednesday that it will hold several auctions to sell supplies of the metal as part of a push to boost market transparency.
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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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Welcome to the crazy world of China’s lithium mine auctions
Mining News Pro - Welcome to the world of China’s lithium auctions, where vast numbers of bids are placed, firms end up spending over a thousand times the opening price, and buyers promising hundreds of millions of dollars have walked without paying.
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India to start critical mineral blocks auction process this year
Mining News Pro - India is preparing to start the auction process for some 100 critical mineral blocks in the next four months, as part of plans to secure domestic supplies of the raw materials needed to fuel the green energy transition.
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Saudi Arabia to auction five new mining exploration licenses in 2023
Mining News Pro - The ministry will launch the bidding process later for the licenses in Bir Umq, Jabal Idsas, Umm Hadid, Jabal Sahabiyah and Ar Ridaniyah, a statement from Bandar Al-Khorayef said.
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Mine auction draws 3,448 bids amid scramble for lithium
Mining News Pro - An auction for a controlling stake in a Chinese lithium mine has garnered 3,448 bids, underscoring the scramble to secure the battery metal that’s key to the clean-energy transition.
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IGO wins auction for Glencore CSA Australia mine
Mining News Pro - IGO Ltd has won an auction to buy Glencore Plc’s CSA copper mine in western New South Wales, according to a local media report.
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Portugal may launch long-awaited lithium auction within two months
Mining News Pro - Portugal’s long-awaited lithium licensing auction could be launched within two months after an environmental assessment gave the green light to mining the metal in six areas, the government said on Wednesday.
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Chile court halts lithium auction days after quotas awarded
Mining News Pro - A Chilean court on Friday ordered the suspension of a lithium contracts auction that took place earlier this week, part of a plan by the South American country to boost production of the coveted mineral used in car batteries.
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China to auction another 150,000 tonnes of state metal reserves on Oct 9
Mining News Pro - China will auction another 150,000 tonnes of industrial metals from state stockpiles on Oct. 9, the National Food and Strategic Reserves Administration said on Monday, as it continues with a rare release of inventories aimed at cooling high prices.
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China completes latest metal auctions as Xi urges better reserves system
Mining News Pro - China released another 150 000 t of state metal inventories to the market on Wednesday, its reserves administration said, completing a third round of auctions so far this year as it aims to ease the pressure of high commodity prices on businesses.
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China’s first round of copper, zinc, aluminum auctions fails to impress
Mining News Pro - China has released details of its first round of auctions of non-ferrous metals from its state reserves, and the market reaction was underwhelming at best.
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Gemfields generates $31m in April emerald mini auctions
Mining News Pro - Gemfields generated $31.4-million in revenue from a series of five sequential mini auctions from April 15 to 17.
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Horizon chrome mine to be auctioned off
Mining News Pro - The Horizon chrome mine, near Rustenburg, which has been placed into business rescue, will be sold at an auction scheduled for April 22 by auctioneers Bidders Choice.
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Colombia to auction mining areas with potential copper, gold
Mining News Pro - Mining companies interested in bidding for potential exploration and development permissions in Colombia should register from Feb. 11 for multiple rounds this year, the government said on Tuesday, as it continues efforts to diversify mineral output.
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Gemfields` earnings impacted by limited auctions
Mining News Pro - London-listed Gemfields has advised in a market update that its 75%-owned Montepuez ruby mine, in Mozambique, produced 1.2-million carats in 2020, while its 75%-owned Kagem emerald mine, in Zambia, produced 9.3-million carats.
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Govt plans incentive for starting production early from auctioned mines
Mining News Pro - The mines ministry plans to do the same through amendment of the mining rules and has sought comments and suggestions from stakeholders on the same.
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Gemfields holds mini-auctions to address market demand
Mining News Pro - Gemstone miner Gemfields has progressed with the planning of a series of five small and sequential emerald auctions in November and December to address market demand for specific grades, and to supplement its long-standing direct sales programme for the lowest qualities produced by its Kagem mine in Zambia.
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Vedanta and Hindalco win first mine auction in India
Mining News Pro - Vedanta and Hindalco Industries were among the first private companies chosen to operate coal mines in India without end-use restrictions, the government said on Monday.
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SAIL Pig Iron Auction Receives Good Response Over Reduced Base Price
Mining News Pro - Steel Authority of India Ltd (SAIL) conducted auction for around 1,800 MT steel grade pig iron today from its Rourkela steel plant (RSP). The auction witnessed active participation over reduction in base price by INR 700/MT (USD 10).
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Auction for 1.7mt of Iron Ore Lumps of South Anomaly Mine
Mining News Pro - IMPASCO held an auction for 1.7mt of iron ore lumps of south anomaly mine.
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86 Companies in Race for Odisha Iron Ore Mine Auctions
Mining News Pro - The Odisha government has started afresh the process of mineral block auctions 2020. The deadline for bid submission was on 03 Jan’2020. Out of 20 iron ore and manganese ore mines put up for auction, 18 mines were containing iron ore deposits.
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Brazil to auction mining rights for about 1,000 areas this year
Mining News Pro - Brazil plans to put about 1,000 mining areas up for auction this year including areas containing gold, copper and iron ore, a director of the country’s National Mining Agency (ANM) told Reuters on Monday.
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Lucapa diamonds sell for $14.5 million at auction
Mining News Pro - Lucapa Diamond Company has continued its successful run at auction after securing $US10 million ($14.5 million) for the sale of alluvial diamonds from its Lulo mine in Angola, central Africa.
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Public Investment Auction for Mining Exploration by IMPASCO
Mining News Pro - Iran Minerals Production and Supply Company intends to hold an auction for the mining exploration in Kahdelan, East Azerbaijan Province, Iran.
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Visit: 1158