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: 87
Fleet Space, Stanford University’s Mineral-X team up to advance space-enabled climate innovation
Australia-based Fleet Space Technologies, developer and operator of microsatellites, announced Monday that it has been named an industrial affiliate of Stanford University’s Mineral-X program — a research organization combining expertise in geoscience, resource optimization and artificial intelligence (AI) to enable a decarbonized mineral supply chain.
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Visit: 114
Australia’s iron ore giants to lean conservative on dividends, analysts say
Australia’s iron ore majors are expected to limit dividend payouts in their half-year results this week, keeping cash on hand for large capital spending on energy transition-linked growth, analysts said.
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Visit: 90
First Quantum submits copper mine preservation plan to Panama government
Canadian miner First Quantum has delivered an initial preservation and management plan to the Panamanian trade ministry regarding its lucrative copper mine in the country, the miner’s Panamanian unit said on Wednesday.
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Visit: 74
First Quantum to present initial preservation plan for Panama copper mine
The Panama unit of Canadian miner First Quantum Minerals said Wednesday that it will present to government officials the first phase of its mine preservation plan on Jan 16, according to a statement, after its project was ordered closed last year.
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Visit: 93
Private debt funds of $750 million sought for BHP mine bid
Mining News Pro - Private credit funds are in talks to lend $750 million for an Australian company’s bid to buy one of BHP Group Ltd.’s Queensland mines.
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Visit: 144
Andrew Forrest’s private nickel vehicle flooded by IPO pitches
Mining News Pro - Wyloo Metals Pty Ltd., the private nickel miner owned by Australian billionaire and Fortescue Metals Group chairman Andrew Forrest, says it’s being inundated with pitches to take the company public.
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Visit: 184
Innovation in EVs seen denting copper demand growth potential
Mining News Pro - New electric vehicles from Tesla and rivals are being engineered for efficiency in a way that cuts copper content, changes that could limit demand growth for the metal as the next-generation of EVs hits the road, industry analysts say.
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Visit: 366
Canadian Conservatives want Glencore takeover of Teck blocked
Mining News Pro - Canada’s main opposition party called for the government to block Glencore Plc’s proposed takeover of Teck Resources Ltd.
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Visit: 216
Canadian Conservatives want Glencore takeover of Teck blocked
Mining News Pro - Canada’s main opposition party called for the government to block Glencore Plc’s proposed takeover of Teck Resources Ltd.
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Visit: 196
Chile moves ahead with public-private lithium model via Codelco
Mining News Pro - Chilean state-owned copper companies Codelco and Enami are holding talks with private-sector firms to develop lithium deposits in a country that holds the world’s biggest reserves of the battery metal.
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Visit: 145
Brazil to let private sector mine for uranium
Mining News Pro - The proposed amendment must now be approved by the senate by December 9, otherwise it loses validity.
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Visit: 308
Chilean think-tank says Codelco pays more taxes but extracts less copper than private companies
Mining News Pro - A recent report by Chile’s Center for National Studies of Alternative Development (CENDA) shows that, between June 2021 and June 2022, Codelco was responsible for 30% of the country’s annual copper production and contributed 7.6% of the mining tax revenue while private companies extracted 70% of the copper and contributed 5% of tax revenues.
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Visit: 740
Copper Innovation Hub launched in Colombia
Mining News Pro - Ten companies from Colombia, Chile, Peru, Sweden, New Zealand and Australia have launched the Copper Innovation Hub, an initiative led by consultancy firm Quintil Valley.
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Visit: 613
Peruvian Institute of Economy reports decrease in mining private investments
Mining News Pro - A recent report by the Peruvian Institute of Economy states that the country’s mining sector has seen a ‘concerning’ decrease in private investments.
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Visit: 584
Vale creates $100 million venture capital arm to spur mining innovation
Mining News Pro - Vale SA, the world’s No. 2 iron ore producer and one of the biggest nickel suppliers, has created a corporate venture capital arm to back startups focused on developing game-changing innovations for mining and metals challenges.
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Visit: 598
Codelco may partly privatize some assets
Mining News Pro - Chile’s Codelco, the world’s largest copper producer, is preparing to offer the market some “non-core” exploration assets, signaling a rare privatization for the state-owned mining firm, a senior executive said on Monday.
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Visit: 417
Mexico says lithium is too strategic for private investors
Mining News Pro - Mexico’s President Andres Manuel Lopez Obrador is ratcheting up nationalistic rhetoric around the country’s untapped lithium deposits, signaling private capital isn’t welcome in the industry.
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Visit: 438
Conservation Groups Challenge Minnesota Copper Mine Permit
Mining News Pro - In a recent lawsuit filed Tuesday, conservation groups sued the US Fish and Wildlife Services (FWS), the Forest Service, and the Army Corps of Engineers, claiming that their approval of the PolyMet open-pit copper mine and land exchange violates the Endangered Species Act.
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Visit: 551
Private equity lines up for coal ‘bonanza’ left by public miners
Mining News Pro - Private equity firms are lining up to take on the dirty — and highly profitable — assets being divested by publicly traded commodity producers as the world grapples to decarbonize.
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Visit: 443
Ucore, Innovation Metals’ rare earths processing plant expected in Q1 2022
Mining News Pro - Canada’s Ucore Rare Metals and its subsidiary Innovation Metals announced that Q1 2022 will see the commissioning of the RapidSX demonstration-scale plant, where the processes of separation and purification of rare-earth elements will take place.
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Visit: 542
Ucore, Innovation Metals’ rare earths processing plant expected in Q1 2022
Mining News Pro - Canada’s Ucore Rare Metals and its subsidiary Innovation Metals announced that Q1 2022 will see the commissioning of the RapidSX demonstration-scale plant, where the processes of separation and purification of rare-earth elements will take place.
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Visit: 808
Chile election favorite talks up state lithium firm, slams ‘error’ of privatization
Mining News Pro - Chilean leftist presidential candidate Gabriel Boric, the front-runner in surveys ahead of a Dec. 19 run-off vote, talked up his plans for a state lithium firm on Wednesday and slammed the Andean country’s “historic error” of privatizing its resources.
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Visit: 685
Hitachi launches flagship EX8000-7 excavator
Mining News Pro - Hitachi has revealed its new EX8000-7 excavator in Australia, designed to deliver the utmost power and force in the most challenging mining conditions.
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Visit: 381
Midhco is the pioneer of mining private sector
Mining News Pro - Five major projects of Middle East Mines & Mineral Industries Development Holding Company (Midhco) have been inaugurated.
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Visit: 730