Successful drilling program at Black Swan

Mining News Pro - Poseidon Nickel has released a progress report concerning its restart of the Black Swan nickel project.

Nippon Steel still in talks with Teck as it seeks stake in coal asset

Mining News Pro - Nippon Steel Corp is still in talks with Teck Resources, despite Glencore’s bid for the Canadian miner, as Japan’s top steelmaker remains eager to take a stake in Teck’s high-grade coking coal asset, a senior executive said.

China’s state iron ore buyer gets down to business, yet to flex pricing power

Mining News Pro - China’s new state iron ore buyer is asserting itself in negotiating deals for the world’s biggest steel industry but has yet to help manufacturers struggling with weak demand to get lower prices, mills and miners said.

Congo to hike stake in copper, cobalt venture with China

Mining News Pro - The Democratic Republic of Congo aims to boost its stake in a cobalt and copper joint venture with Chinese firms to 70% from 32%, on concerns the deal gives away too much of Congo’s resources with little benefit to the country.

BHP confident China property recovery will boost metals demand

Mining News Pro - BHP Group Ltd. is confident China’s troubled property market will turn around in coming months, despite gloomy economic signals pushing iron ore and copper prices back to levels last seen during the Covid Zero era.

Ford strikes lithium deals to support step up in EV output

Mining News Pro - Ford Motor Co. reached a series of deals to buy lithium from projects in Canada to Chile, as automakers rush to secure the materials needed to build electric vehicles.

Russia raises aluminum exports to China to near record levels as sanctions bite

Mining News Pro - China, the biggest producer of aluminum globally, is importing more of the lightweight metal from Russia, underscoring how trade ties are strengthening between the two nations as sanctions curb much of the rest of the world’s appetite for Russian commodities.

Missing recovery leaves China’s metals bears in charge

Mining News Pro - The first gathering of the Asian metals community since the pandemic should have been a celebration, fueled by state stimulus and a long-awaited post-Covid rebound for the world’s top commodities consumer. But the resurgence never came.

Codelco launches subsidiaries to manage lithium takeover plan

Mining News Pro - Chilean state miner Codelco, the world’s largest copper producer, said on Friday it had created two subsidiaries to run a newly mandated lithium business amid a government plan to increase state control over the industry.

Congo President heads to China amid mining contract negotiations

Mining News Pro - Democratic Republic of Congo President Felix Tshisekedi will visit China next week as the two nations look to conclude the re-negotiation of a $6.2 billion mineral-for-infrastructure deal, people with direct knowledge of the trip said.

WA welcomes more critical minerals

Mining News Pro - International Graphite (IG6) has secured a site for its planned battery anode material manufacturing plant.

Critical minerals projects to get a $50 million boost

Mining News Pro - The Federal Government has announced it will give out $50 million in grants to help boost the development of critical minerals projects.

Rio Tinto look to low carbon future

Mining News Pro - Major miner Rio Tinto is looking into the role that steel and iron ore will play in creating an energy efficient future.

Copper concentrate market to face steep deficit from 2025

Mining News Pro - The global copper concentrate market will see a steep deficit during 2025-2027 as Asian smelters ramped up capacity amid a lack of matching mining projects in the pipeline, analysts said.

Australia hands out critical minerals grants

Mining News Pro - Australia has rolled out a series of grants to critical minerals companies hoping to speed up development of a battery chemical industry and will soon announce details of a national industry strategy, its resources minister said on Thursday.

Vale gets offers for stake in base metals unit

Mining News Pro - Brazilian miner Vale SA received binding offers for a stake in its base metal unit, local newspaper Valor Economico reported on Thursday, citing unnamed sources.

SQM to start lithium talks with Codelco in coming weeks

Mining News Pro - Chile’s lithium miner SQM is set to start talks about lithium projects with state miner Codelco in the coming weeks, the firm’s chief executive officer Ricardo Ramos told analysts in a quarterly earnings call on Thursday.

Zinc price could hit $2,000/t by 2025 on ballooning surplus

Mining News Pro - Refined zinc prices are expected to be on a downward trend until 2025, as weak demand growth failed to match with a surge in production, analysts said.

Tianqi Lithium exec sees more sector mergers and acquisitions

Mining News Pro - Tianqi Lithium, one of the world’s biggest lithium producers, expects more consolidation in the lithium industry, an executive at the group said on Tuesday, following a $10.6 billion merger announced last week between Allkem Ltd and Livent Corp.

Chile mines minister clarifies controversial new lithium strategy

Mining News Pro - A decision by Chile, the world’s no. 2 lithium producer, to tighten control over the key battery metal sector has triggered speculation on what the announced state-led public-private model will look like and how it may affect the global industry.

LME fights to regain trust after last year’s nickel crisis

Mining News Pro - The embattled London Metal Exchange is still trying to rebuild faith in its nickel contract after an epic short squeeze last year, according to chief executive officer Matthew Chamberlain.

EU raw material targets need money and faster permits, sector chief says

Mining News Pro - The European Union will only meet ambitious targets to reduce its reliance on China and other countries for critical materials by rapidly scaled-up financing and accelerated permitting, according to the head of an EU sector alliance.

Sinomine suspends Zimbabwe lithium ops over authorities’ concerns

Mining News Pro - China’s Sinomine Resource Group’s Zimbabwe lithium unit on Monday said it had halted operations for a week after unspecified administrative concerns raised by the authorities.

Peru’s March copper production up 20% as mines restart after protests

Mining News Pro - Peru’s March copper production leapt 20.4% from a year earlier to reach 219,275 tonnes, the country’s energy and mining ministry said on Tuesday, as large mines resume their operations following stoppages caused by several social protests.

Africa needs $700 billion of finance for green energy and metals

Mining News Pro - Africa will need more than $700 billion in finance over the next decade to develop renewable power and mines to extract the metals required for the green energy transition, according to Standard Bank Group Ltd.

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