India seeks overseas help for lithium processing to avoid relying on China
India is in talks with several countries seeking partnerships for technical help on lithium processing, said four sources familiar with the matter, to bolster its nascent lithium mining and electric vehicle industries and avoid relying on China.
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Visit: 18
Teck copper output shoots up on QB mine, profit disappoints
Teck Resources, Canada’s largest diversified miner, saw its copper production jump by 74% in the first three months of the year, thanks mainly to the ramp up of the extension at its Quebrada Blanca (QB) mine in Chile.
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Visit: 17
Ivanhoe Electric earns into 60% of nickel-copper project in Côte d’Ivoire
Ivanhoe Electric (NYSE American: IE) (TSX: IE) terest in the Samapleu-Grata nickel-copper project in Côte d’Ivoire after satisfying the expenditure requirements outlined in an agreement from three years ago.
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Visit: 64
Congo, Chinese partners sign reviewed Sicomines copper-cobalt joint venture agreement
Democratic Republic of Congo and Chinese investors on Thursday signed an agreement reached in January that revises some terms of their Sicomines copper and cobalt joint venture, Congo’s Infrastructure Minister Alexis Gisaro Muvunyi said on Thursday.
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Visit: 96
China’s top copper smelters agree on rare joint production cuts
Chinese top copper smelters on Wednesday came to a rare agreement to jointly embark on production cuts at some loss-making plants as they seek to cope with a shortage of raw material, according to sources with knowledge of the plans.
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Visit: 76
Senegal opposition coalition promises new currency and revamp of oil contracts
A Senegalese opposition coalition backed by popular firebrand Ousmane Sonko launched its presidential campaign platform on Saturday with promises to create a new national currency and renegotiate mining and energy contracts.
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Visit: 105
Jervois Global blames Chinese overproduction for job cuts
Australian miner Jervois Global Ltd. is cutting costs and jobs in response to a plunge in cobalt prices that it’s blaming on Chinese oversupply.
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Visit: 84
Movasaghi Nia visited Gohar Sirjan water transfer reservoir
Mining News Pro - This morning, the head of Imidro's board of directors visited the water transfer line and reservoir from the Persian Gulf to Sirjan.
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Visit: 51
Oil and gas upstream M&A deal value hits highest Q1 levels since 2017
An ongoing consolidation in the US shale industry has driven up global M&A deal value in the oil and gas exploration sector to its highest first-quarter level in seven years, industry experts said.
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Visit: 213
Bitcoin ETFs test investor commitment to gold-backed paper
A surge of interest in bitcoin exchange-traded funds is prompting some investors to swap out holdings in gold-backed ETFs, although analysts and fund managers said they are unlikely to challenge bullion longer term.
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Visit: 115
Fleet Space technologies launches expert-in-residence program, appoints former BHP VP
Fleet Space Technologies, an Australian company specializing in space-enabled mineral exploration, has launched an experts-in-residence (XIR) program, which it said will act as an internal group of industry leading experts that will support and advise on the company’s efforts to accelerate mineral exploration globally.
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Visit: 102
Western miners lag as oil powers enter race for Africa’s critical metals
Risk aversion is likely to leave major Western miners lagging in a race to tap Africa’s reserves of critical raw materials that has gathered pace now Middle Eastern oil powers have begun to emulate China’s years of investment on the continent.
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Visit: 127
Russia’s Lukoil, Norilsk Nickel cooperate on oil and gas project
Mining News Pro - Russian mining giant Norilsk Nickel and oil company LUKOIL are in the process of creating a large oil and gas project, the daily Kommersant reported on Tuesday.
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Visit: 91
Iron ore price falls after China policy meet disappoints on stimulus
Mining News Pro - Iron ore fell after a widely-watched government policy meeting in China finished without any major new stimulus pledges.
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Visit: 95
Canada’s Lassonde ‘mystified’ by Teck choice of Glencore bid for coal unit
Mining News Pro - Canadian businessman Pierre Lassonde said on Wednesday that he is “mystified” by Teck Resources’ decision to sell its coal unit to a Glencore-led consortium for $9 billion because his group bid the same price.
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Visit: 192
Rage against copper producer roils markets, Panama government
Mining News Pro - Panama’s ratification of a deal with a copper miner last month should have been a formality. Instead, it triggered nationwide protests that paralyzed the economy, destabilized the government and led to a nationwide ban on new mines.
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Visit: 109
Rage against copper producer roils markets, Panama government
Mining News Pro - Panama’s ratification of a deal with a copper miner last month should have been a formality. Instead, it triggered nationwide protests that paralyzed the economy, destabilized the government and led to a nationwide ban on new mines.
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Visit: 100
Taliban says plans to formally join China’s Belt and Road Initiative
Mining News Pro - The Taliban administration wants to formally join Chinese President Xi Jinping’s huge ‘Belt and Road’ infrastructure initiative and will send a technical team to China for talks, Afghanistan’s acting commerce minister said on Thursday.
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Visit: 224
Mixed fortunes for Russian metal at mid-point of aluminum mating season
Mining News Pro - Midway through the aluminum market’s so-called mating season of end-users and sellers locking in supply deals, Russian metal is experiencing mixed fortunes, with some European industrial companies avoiding it for 2024.
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Visit: 131
Big Oil, heavy industry discuss emission curbs ahead of COP28
Mining News Pro - Major oil and gas company chiefs held discussions with heavy industry bosses on Sunday in the United Arab Emirates in an effort to agree a firm commitment to reduce carbon emissions ahead of a United Nations climate summit next month.
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Visit: 200
Rio’s latest rock shelter damage highlights need for Aboriginal Voice, advocates say
Mining News Pro - Damage caused to an Aboriginal rock shelter by mining giant Rio Tinto in August underscores the need for better heritage protection laws and a greater say for Indigenous groups promised in this month’s Voice referendum, advocates say.
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Visit: 175
If gold surges 140,000-fold, then asteroid mining works
Mining News Pro - I confess: I’m a Star Trek nerd — and commodities enthusiast, too. Thus, asteroid mining should be my personal heaven. On Sunday, I watched with the excitement of a five-year old how a NASA space probe brought back the largest-ever stash of asteroid rubble to Earth. But was this feat a step closer to commercial space mining? Not even close.
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Visit: 117
LG Chem partners with Huayou Group to build joint LFP cathode plant in Morocco
Mining News Pro - South Korea’s LG Chem said on Sunday it has entered into partnership with China’s Huayou Group’s subsidiary Youshan to build a joint electric vehicle (EV) battery material plant in Morocco in an effort to diversify its portfolio.
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Visit: 95
First Quantum reaches deal with Panama copper mine union, avoids strike
Mining News Pro - The Panamanian unit of Canada’s First Quantum Minerals and a workers union at the company’s key copper mine in Panama said on Saturday they had reached an agreement, avoiding a planned strike over profit sharing and wage increases.
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Visit: 133
South African miners join race to buy Khoemacau copper mine
Mining News Pro - At least three South African miners are in the running to buy Botswana’s Khoemacau copper mine that is home to one of Africa’s largest copper deposits, several sources told Reuters, as growing demand for the metal ensures strong competition for the sought-after asset.
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Visit: 189