Indonesia adds nickel parks worth nearly $40 billion to strategic plan
Indonesia’s outgoing government has added 16 programs to its list of strategic projects that will receive state support, including five industrial parks for nickel processing, officials said on Tuesday.
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Visit: 27
Glencore seeks Australian carbon capture approval amid farmer protests
Australia’s Queensland state will decide this month whether to give Glencore a key approval to bury liquefied carbon dioxide in the country’s largest aquifer, a plan farm groups say must be blocked because it risks poisoning water supplies.
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Visit: 36
Sibanye seeks to loosen borrowing restrictions as earnings plunge
South African diversified miner Sibanye Stillwater is discussing with lenders to temporarily lift limits on borrowings, it said on Friday, after weak platinum group metal (PGM) prices drove earnings 72% lower in the March quarter.
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Visit: 42
Panama president-elect rules out First Quantum talks until arbitration dropped
Panama’s president-elect has ruled out talks with Canadian miner First Quantum Minerals until it drops multiple arbitration proceedings it has launched seeking billions of dollars in compensation from the government over a mine shutdown order.
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Visit: 24
Nippon Steel sticks to plan to close US Steel deal by year-end
Japan’s top steelmaker, Nippon Steel, is sticking to its plan to close a deal by year-end to buy US Steel, which it expects to boost output and profits, the company said on Thursday, despite resistance to the transaction in the US.
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Newmont sticks to mine investment delay, dashing Peru hopes
Newmont Corp. has no plans to expedite a decision on its $2.5 billion Yanacocha Sulfides project, dashing the Peruvian government’s hopes of a forthcoming announcement.
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Visit: 36
Ganfeng seeks full control of lithium mine in Mali
China’s Ganfeng Lithium Group Co. plans to pay about $408 million to buy out its partner in a lithium mine being developed in Mali.
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Visit: 70
Codelco: SQM lithium talks on track, but much still to resolve
The chairman of Chile’s state-run copper giant Codelco said on Monday that he expects to reach a lithium deal with mining company SQM on schedule, while noting many issues remain to be resolved.
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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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Visit: 66
First Quantum seeks ‘dialogue’ with new Panama president over disputed copper mine
First Quantum Minerals is looking forward to talks with the new administration in Panama and to work together to find a resolution to its disputed Cobre Panama mine, the Canadian miner said on Monday.
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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: 47
E-haul trucks could result in major savings for miners but adoption is slow
A new report by IDTechEx states that investing in e-haul trucks could result in major savings for miners due to the replacement of diesel with cheaper electricity, as these vehicles have the most intensive duty cycles of any vehicle in a mine.
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Visit: 66
Nigeria revokes 924 dormant mining titles, seeks new investors
Nigeria has revoked 924 dormant mining titles immediately and invites investors to freely apply for the affected licences which will be offered on a “first come, first served” basis, its minister of mines said on Wednesday.
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Iron ore price weakens amid waning China stimulus hopes, high portside stocks
Iron ore futures prices ticked lower on Monday, weighed down by diminishing hopes of more stimulus in top consumer China, high portside stocks, and risks of possible government intervention after a price rally last week.
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Visit: 126
Gold price tumbles as haven demand wanes amid easing war risks
Gold took a tumble as haven demand waned after geopolitical tensions eased in the Middle East.
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Visit: 91
Native American group seeks to overturn US court ruling on Rio’s Arizona copper mine
A Native American group has asked all members of a US appeals court on Monday to overturn an earlier ruling that granted land to Rio Tinto for a copper mine in Arizona, saying the land was sacred and culturally significant.
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Visit: 81
Zinc price trades near one-year high as market weighs supply risks
Zinc traded close to a one-year high as metals markets looked past delays to US monetary easing to focus on looming supply risks.
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Visit: 90
Protesters blockade Peru’s Las Bambas mine after talks fall through
Peru’s Las Bambas copper mine, owned by China’s MMG, is facing renewed blockades of a key transport route after failed talks over donations to local development projects, a community leader said on Wednesday.
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Visit: 73
Chinese investors snap up copper, gold stocks to drive 10% gains
Chinese investors are snapping up stocks tied to high-flying metals from copper to gold, aiding an onshore market facing an uphill battle to cement a nascent rebound.
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US talks often with Congo’s Gecamines on cobalt and copper, official says
The United States speaks regularly with the Democratic Republic of Congo’s state miner Gecamines, a senior State Department official told Reuters, as Washington seeks to deepen relationships with key suppliers of cobalt and copper across the African continent.
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Visit: 85
Adani kicks off $1.2 billion Indian copper smelter
Indian billionaire Gautam Adani has started operating the first unit of his $1.2 billion copper smelter, the tycoon’s first foray into metals refining.
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Visit: 167
Australia’s Ramelius ends buyout talks with Karora Resources
Australian gold miner Ramelius Resources Ltd said on Thursday it had ended discussions with Karora Resources for a potential acquisition of the Canada-based mine operator.
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Visit: 74
Banks shying away from fossil fuels bolster private credit deals
Private credit managers are doing significantly more fossil-fuel deals now than just a few years ago, as they step into a void left by banks exiting assets they worry pose too big a climate risk.
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Visit: 94
Macron looks to regulate illegal gold mining in French Guiana
French President Emmanuel Macron said on Monday the government is seeking to designate new regulated gold mining zones in its South American territory of French Guiana to combat illegal mining and its environmental consequences.
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Visit: 82
Australia earmarks $550m for Arafura rare earths project
Australia will provide up to A$840 million ($550 million) for the first combined rare earths mine and refinery in the country’s Northern Territory, owned by Arafura Rare Earths, Prime Minister Anthony Albanese said on Thursday.
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Visit: 106