OceanaGold prices $106 mln IPO of Philippine unit
Toronto-listed miner OceanaGold Corp said on Wednesday it will raise 6.08 billion pesos ($106 million) through an initial public offering (IPO) of its Philippine unit, the first listing in the Southeast Asian nation in 2024.
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Visit: 21
China copper gauge at zero offers stark warning to metals bulls
A key measure of Chinese copper demand just sank to zero, another indication that global prices are not balanced with what buyers in the biggest market are prepared to pay.
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Visit: 22
Codelco defends lithium deal ahead of SQM shareholder meeting
Chile’s state copper company Codelco defended its proposed lithium production tie-up with SQM in response to criticism that the negotiation process has been opaque.
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Visit: 19
First Quantum could remove copper from Panama mine after election
Canadian miner First Quantum Minerals (TSX: FM) believes it will be able to take the already mined 121,000 tonnes of copper concentrate out of its disputed mine in Panama after the national elections there in May, the company’s chief executive said on Wednesday.
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Visit: 25
Five Eyes countries working to fight critical minerals dumping
Canada and its Five Eyes Alliance partners are working on put forward a response to tackle the price manipulation of critical metals, Canada’s Finance Minister Chrystia Freeland said on Tuesday.
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Visit: 19
Why climate change is leaving mining firms between a rock and a hard place
For most of us, when we think about mining and the environment, it tends to be about water and air pollution, disasters such as the fatal collapse of tailings dams, or the global warming consequences of coal mining.
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Visit: 21
LME takes aim at traders’ Russian metal games with new rules
The London Metal Exchange is imposing new rules surrounding the movement of metal in its warehousing network, taking aim at a lucrative and complex trading opportunity that emerged after the imposition of sanctions on Russian metal earlier this month.
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Visit: 24
Chile sees record copper production next year
Chile is expected to produce a record 5.8 million metric tons of copper in 2025, the state-run Chilean Copper Commission (Cochilco) said on Tuesday.
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Visit: 16
Potanin’s Interros calls Rusal claims about Nornickel asset sales ‘unfounded’
Interros, Nornickel’s largest shareholder, on Monday called allegations by fellow shareholder Rusal about undervalued asset sales unfounded, the latest step in a long-running dispute between two of Russia’s biggest metals firms.
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Visit: 36
Copper price hones in on $10,000/t as supply angst continues
Copper traded near $10,000 a ton, hitting a new two-year high on its way, as investors continue to pile in on a bet that miners will struggle to service a surge in demand for the bellwether industrial metal.
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Visit: 45
Codelco aims to land partner for Maricunga lithium by next year
Chile’s state-run miner Codelco plans to select a partner for a future lithium project in one of the country’s top salt flats, Maricunga, in the first quarter next year, chairman Maximo Pacheco said on Monday.
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Visit: 52
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: 52
Codelco eyes partnerships to help boost ailing copper production
Codelco is exploring more partnerships with the private sector as Chile’s state copper behemoth looks to recover from a production slump and surging debt.
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Visit: 61
LME bans Russian-origin metal after UK, US impose new sanctions
The London Metal Exchange (LME) on Saturday banned from its system Russian metal produced on or after April 13 to comply with new US and UK sanctions imposed for Russia’s invasion of Ukraine.
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Visit: 70
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: 70
Tianqi takes another shot at probing SQM-Codelco lithium deal
Chile’s SQM called another investors meeting at the request of its second-largest shareholder, Tianqi Lithium Corp., which seeks greater clarity over a proposed deal with copper giant Codelco.
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Visit: 69
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: 52
Eramet reaches agreement to continue SLN’s New Caledonia operations
French mining group Eramet said on Wednesday it had reached an agreement with the French government to continue its subsidiary SLN’s mining operations in New Caledonia’s Northern Province.
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Visit: 49
Vulcan Energy starts its first lithium chloride production in Germany
Lithium supplier Vulcan Energy on Wednesday announced the start of production of the first lithium chloride at its extraction plant in Germany using geothermal energy, an essential step toward producing battery-grade lithium hydroxide.
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Visit: 64
Vietnam to invest $7.3bn to boost alumina, aluminum production
Vietnam’s top miner Vinacomin plans to invest 182 trillion dong ($7.3 billion) to ramp up its alumina-aluminum production to meet the country’s rising demand for the metal, the government said on Tuesday.
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Visit: 70
Lithium market struggles to recover after epic boom and bust
A stuttering recovery in lithium prices is providing a fresh reminder of why the dramatic rally of recent years was followed by an even more breathtaking collapse: a fast-expanding industry that is more prepared than ever to keep pumping out supplies.
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Visit: 63
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.
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Visit: 60
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.
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Visit: 71
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.
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Visit: 75
15% increase in DRI production in Hormozgan Steel Company
Mining News Pro - The DRI manager of Hormozgan Steel Company's said: According to the plans made in line with the increase in production and the realization of the organization's goals, with the efforts of colleagues, in the nine months of this year, the company's sponge iron production has increased by 15% compared to the same period last year.
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Visit: 92