South Africa’s platinum output back to pre-covid levels on job cuts
South Africa’s platinum supply has returned to pre-covid-19 levels, driven by widespread job cuts and operational recalibrations in the face of falling prices, according to data from The World Platinum Investment Council (WPIC).
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Vale sees 10% of its iron ore production coming from tailings by 2030
Brazilian miner Vale expects that by 2030 some 10% of its iron ore output will come from the reuse of mine waste known as tailings, an executive told Reuters, reducing the amount of potentially dangerous material still stored in dams.
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Visit: 42
Sibanye to slash output to turn around US palladium mines
Sibanye Stillwater Ltd. plans further restructuring at its mines in Montana that could cut output of palladium and platinum by as much as 45% in a bid to return them to profitability.
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Iron ore price soars to over one-week high on upbeat seasonal demand outlook
Iron ore futures prices surged on Thursday to hit their highest in more than a week, as prospects of improved seasonal demand in China outweighed concerns over the top consumer’s economic recovery.
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Visit: 43
China has more than 1 billion t/y of new coal mines in pipeline
China accounts for more than half of the world’s pipeline of new coal mines, risking a significant increase in methane emissions, a new study published on Tuesday showed.
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Visit: 54
Kazatomprom warns Ukraine war makes it harder to supply west
Russia’s war on Ukraine is making it harder for Kazatomprom to keep supplying the West, company CEO Meirzhan Yussupov told the Financial Times in an interview.
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Visit: 53
Net zero needs more metals, but less extraction from the Earth
The mining industry is currently one of the most significant contributors to planet-warming emissions — but it’s on track to become one of the most important sectors for a net-zero future.
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Visit: 48
Great Bear PEA suggests multi-decade Kinross gold mine in Ontario
When Kinross Gold bought the Great Bear project in northern Ontario’s prolific Red Lake district two and a half years ago, its thinking was to acquire an extraordinarily high-grade gold asset that would one day become a world-class mine.
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Visit: 48
Coal India to spend $8 billion on coal-fired plants near mines
Coal India Ltd. is planning to invest about 670 billion rupees ($8 billion) to build coal-fired power plants close to its mines, signaling the fast-growing economy will remain reliant on the fossil fuel for decades to come.
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Visit: 55
Arafura welcomes new director
Arafura Rare Earths has welcomed Ian Murray to its board as a non-executive director.
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Visit: 43
Anax Metals forms another copper alliance
Anax Metals and Artemis Resources have signed a memorandum of understanding (MoU), marking the formation of a copper alliance in the Pilbara region of Western Australia.
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Visit: 48
American Creek firms up $152 million sale to Cunningham Mining
American Creek Resources (TSXV: AMK) has firmed up its proposed sale to privately held Cunningham Mining Ltd. in an arm’s-length, all-cash deal valued at C$207 million ($152 million) with the signing of a definitive agreement dated September 5.
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Visit: 49
Perseus increases stake in emerging explorer
Perseus Mining has increased its stake in Predictive Discovery, an emerging Australian mineral development company with a global portfolio.
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Visit: 51
Syrah Resources’ losses deepen as China glut hits graphite demand
Syrah Resources on Monday posted a wider half-year loss after its graphite production and sales plunged amid a glut in major market China.
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Visit: 49
A record for Mt Carbine
EQ Resources (EQR) has hit a new monthly production record at its Mt Carbine tungsten operation in Queensland.
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Visit: 54
Centrex farewells record phosphate shipment
Centrex’s Ardmore Rock phosphate mine in northwest Queensland has successfully completed a shipment of 26,502 tonnes (t) of beneficiated phosphate concentrate, a record for the operation.
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Visit: 72
Rimfire ramps up scandium scouting
Rimfire Pacific Mining has revealed a “highly encouraging” maiden mineral resource estimate for its scandium exploration targets at Fifield in central New South Wales.
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Visit: 50
Nippon Steel seeks to address concerns on US Steel deal
Nippon Steel told US government officials it had proposed adopting a binding national security agreement to address Biden administration concerns about its proposed $14.9 billion acquisition of US Steel, according to a letter seen by Reuters.
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Gem Diamonds finds 122-carat stone at Letšeng mine
Africa-focused miner Gem Diamonds (LON: GEMD) has unearthed yet another massive white diamond at its prolific Letšeng mine in Lesotho, just days after another major find.
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Visit: 40
Liberia conditionally lifts shutdown order on China Union’s iron ore mines
Liberia conditionally lifted a shutdown order on China Union’s iron ore Bong Mines, the government said in a statement on Wednesday.
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Visit: 45
Trafigura strikes $400 million cash-for-iron ore deal With MinRes
Trafigura Group has struck a $400 million prepayment deal for iron ore with Mineral Resources Ltd., as the Australian miner focuses on preserving cash amid a downturn in its two main commodities.
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Visit: 62
Orano selects Tennessee site to build uranium enrichment plant
France’s state-owned nuclear fuel company Orano has selected Oak Ridge, Tennessee as a preferred site to build a multi-billion dollar US uranium enrichment plant, Tennessee and Orano officials said on Wednesday.
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Visit: 54
Codelco bids $500 million for stake in key Chile copper mine
Chile’s Codelco, seeking to retain the title of world’s top copper supplier, made a $500 million offer to buy a stake in a mine run by Teck Resources Ltd., people with knowledge of the matter said.
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Visit: 41
Sinomine says its Tsumeb smelter contains over 700t of germanium
China’s Sinomine Resource Group said its Tsumeb Smelter (Pty) in Namibia contains 746 metric tons of germanium, a critical mineral used in chipmaking, infrared technology, fibre optic cables and solar cells.
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Visit: 41
Poland seeks to rethink, not quash coal spin-offs, minister says
Poland is seeking to amend plans for utilities to spin off their coal assets, according to the minister in charge of managing state assets.
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Visit: 41