Strong copper price reviving Peru’s mining mojo

Peru’s dented mining mojo, hit by years of political turmoil in the Andean country, is being buoyed by strong copper prices and a bullish outlook they will rise further, helping lure back investor interest, the country’s mining minister said on Friday.

Anglo under pressure to reveal plans to fend off BHP as Elliott hikes stake

Anglo American faced calls from shareholders on Monday to detail plans for improving its value in order to fend off bidder BHP, as activist investor Elliott further raised the stakes by increasing its holding in the takeover target.

Lynas Rare Earths’ revenue slumps, misses expectations

Australian miner Lynas posted a slump in third-quarter sales revenue on Wednesday, missing analyst expectations on the back of a plunge in prices for rare earths, while it flagged higher costs at a project in Western Australia.

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.

Airbus wins reprieve from Canadian sanctions on Russian titanium

Canada has granted Airbus a waiver to allow it to use Russian titanium in its manufacturing after becoming the first Western government to ban supplies of the strategic metal in the latest package of measures triggered by the war in Ukraine.

Fortescue partners with OCP Group for green energy development in Morocco

Australia’s Fortescue said on Monday it would form a joint venture with OCP Group to supply green hydrogen, ammonia and fertilizers to Morocco, Europe and international markets, as the iron ore miner looks to transform itself into a green energy superpower with a global footprint.

Graphjet Technology to build agricultural waste-to-graphite production plant in Nevada

Graphjet Technology, a Malaysia-headquartered developer of technologies to produce graphite and graphene directly from agricultural waste, announced Monday it plans to build a commercial artificial graphite production facility in Nevada.

The ritual of tree planting and the beginning of the afforestation project of Gol Gohar Iron and Steel Development Company

Mining News Pro - The ceremony of commemorating the tree planting day and the beginning of the afforestation project and the improvement of the green space of Gol Gohar Iron and Steel Development Company was held this morning by planting a tree in this company.

49% growth in the sales of Nicico in the first eleven months of 1402

Mining News Pro - Amir Khormishad, the CEO of the National Copper Industries Company of Iran, announced the 49% growth of the company's sales in the first eleven months of this year, compared to the same period last year in the capital market, and the realization of the plans formulated in the eleven months of the company's production performance.

The currency required for the development plans of the National Iranian Copper Industry Company will be provided

Mining News Pro - The CEO of the National Iranian Copper Industries Company announced the supply of foreign currency needed for the development plans of this company with the aim of increasing exports to 4 billion dollars per year and said: This support is in the form of 6 currency packages with a total value of 5.6 billion euros in a period of 4 years by the bank.

Canada introduces tougher security reviews of foreign investments

Canada has introduced tougher national security reviews of proposed foreign investments in sensitive sectors to enable it to quickly spot potentially problematic deals, the government said on Wednesday.

Several people killed in accident at abandoned Liberia gold mine

Several people have been killed in Liberia in an accident at an abandoned gold mine, the West African country’s mines minister said on Tuesday.

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.

A golden reopening for Bellevue

Western Australian Mines and Petroleum Minister David Michael attended the formal opening of Bellevue Gold’s namesake mine yesterday.

Core Lithium CEO steps down following strategic review

Core Lithium produced 49,529 tonnes (t) of spodumene concentrate during the first half of the 2023–24 financial year (H1 FY24), amid the global lithium downturn and the resignation of its chief executive officer (CEO).

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.

AI can potentially estimate global environmental destruction due to road development for mining

Recent tests of an AI system showed that it can detect how poorly regulated road development for mining, logging and land clearing is triggering dramatic increases in environmental disruption.

O3 Mining wins 2024 PDAC Sustainable Development Award

Québec-focused gold junior O3 Mining (TSXV: OIII) has been named winner of the 2024 PDAC Award for Sustainable Development, considered one of the most prestigious recognitions in the Canadian exploration sector.

Chinese outbound investment in EVs likely set new record in 2023

Chinese outbound foreign direct investment along the electric vehicle value chain likely set a new record in 2023, a report from Rhodium Group showed, as western economies step up scrutiny of China’s production-focused, debt-driven development model.

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.

Scientists develop non-flammable electrolyte for lithium-metal batteries

Using computational science, researchers at the Korea Institute of Science and Technology (KIST) and the US Lawrence Livermore National Laboratory have developed a fluorine-substituted high-voltage stable chloride-based solid-state electrolyte.

Anglo American to review assets after writedowns and profit plunge

Anglo American will review its assets after a 94% plunge in annual profit and writedowns at its diamond and nickel operations, the company said on Thursday.

Philippine tycoon says bigger mining areas key to riding EV boom

The Philippines should have bigger mines to encourage investment in the downstream sector, according to tycoon Manuel Pangilinan, who says the resource-rich Southeast Asian nation should take advantage of brisk demand for electric vehicles.

US moves to restore stockpiling ‘panic button’ in EV metals fight with China

Insiders liken it to a “panic button.” And for more than 80 years, the primary job of the National Defense Stockpile has been to keep the US military supplied with essential raw materials and protect against supply shocks.

Deep-sea mining may be inevitable

Deep-sea mining is likely just a matter of time, according to the head of the International Seabed Authority (ISA).

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