Norway’s Aker BP may explore for seabed minerals, CEO says

Mining News Pro - Norway’s second-largest listed oil and gas company, Aker BP, said it would consider applying for licences to mine minerals from the seabed if parliament approves a plan for such exploration.

Indian, Canadian officials discuss critical mineral mining cooperation

Mining News Pro - A top Indian minister held talks on boosting critical mineral mining cooperation with Canadian officials on Monday, the Indian government said, amid tense diplomatic relations between the two countries.

US, Saudi Arabia in talks to secure metals in Africa

Mining News Pro - The United States and Saudi Arabia are in talks to secure metals in Africa needed to help them with their energy transitions, the Wall Street Journal reported on Sunday, citing people with knowledge of the talks.

Australia sees strong demand for critical minerals over next 40 years

Mining News Pro - Australia’s economy is well-placed to benefit from strong demand for critical minerals with the global appetite expected to rise by 350% by 2040, official forecasts showed on Wednesday, as many big economies rush to hit net zero emission targets by 2050.

US requests labor review at mine owned by Mexican billionaire

Mining News Pro - The US is asking a panel to review a labor dispute at a mine in Mexico owned by billionaire German Larrea.

AI can accurately ‘envision’ corrosion-resistant alloys

Mining News Pro - Scientists at the Max-Planck-Institut für Eisenforschung (MPIE) have developed a machine learning model that enhances by 15% the predictive accuracy of corrosion behaviour and the potential optimal alloy formulas compared to existing frameworks.

Glencore half-year profit drops 50% as commodity prices ease

Mining News Pro - Glencore Plc reported a steep drop in first-half profit and slashed returns to its shareholders as disappointing Chinese demand weighs on commodity prices, while the volatility that its traders thrive on has eased dramatically since last year.

Glencore stockpiled cobalt in first half to support prices

Mining News Pro - Glencore stockpiled cobalt in the first half of the year, cutting supplies to the market to support prices of the electric vehicle battery material, the London-listed miner’s CEO Gary Nagle said on Tuesday.

Trafigura’s $600 million cobalt play faces cash crunch in Congo

Mining News Pro - Trafigura Group has been forced to seek new funding for one of its flagship investments — a $600 million copper-cobalt project in the Democratic Republic of Congo — in the latest headache for the trading house’s embattled metals business.

UN watchdog delays deep-sea mining to 2024

Mining News Pro - Plans to begin mining the seafloor for metals that could be used in the energy transition have been pushed back to at least next year after a meeting of the UN-backed regulator in Jamaica ended without agreement on how the industry would be regulated.

The hottest trade in equity options is spreading to commodities

Mining News Pro - Commodity investors are following a hot trend in equities trading, using short-term options to bet on events from jobs and crop reports to OPEC meetings.

Vedanta posts 41% slump in Q1 profit on soft metal prices

Mining News Pro - Indian metals-to-oil conglomerate Vedanta reported a 40.8% plunge in first-quarter profit on Friday, as weak commodity prices outweighed a slight increase in production and sales for metals like aluminum.

CMOC agrees to pay Congo’s Gecamines $800 million to end row

Mining News Pro - China’s CMOC Group has reached an agreement with Congo state mining firm Gécamines and will pay $800 million to end a dispute over its Tenke Fungurume Mining (TFM) operation in the country, it said on Tuesday.

IEA says critical minerals supply could pull close to demand by 2030

Mining News Pro - Supply of minerals critical to the energy transition could move close to levels needed to support climate pledges by 2030 after a surge in investment, the International Energy Agency said on Tuesday – provided all projects go as planned.

China flexes critical metals muscles with export curbs

Mining News Pro - China’s threat to curb exports of gallium and germanium from the start of August marks an escalation in the global competition for critical minerals and metals.

China set to boost state cobalt reserves after tumble in prices

Mining News Pro - China is taking advantage of tumbling cobalt prices to build up its inventories of the metal used in electric-vehicle batteries and aerospace alloys.

Boliden partially restarts Ronnskar production after fire, to lay off 190 people

Mining News Pro - Boliden has partially resumed production at its Ronnskar smelter after output was halted following a fire at the facility in mid-June, the Swedish miner said on Friday.

EV metals will come from dead batteries at new US plant

Mining News Pro - A new US plant will soon offer a solution for tight supplies of critical metals: Pull them out of dead batteries in a process that produces fewer emissions than competitors.

Stillwater Critical Minerals welcomes Glencore as major investor

Mining News Pro - Stillwater Critical Minerals has welcomed Glencore Canada as a major investor to help advance its portfolio of nickel exploration and development projects in North America.

Mexican president pushes new labor minister to resolve Grupo Mexico conflict

Mining News Pro - Mexican President Andres Manuel Lopez Obrador on Thursday said he will ask incoming Labor Minister Marath Bolanos to meet with mining company Grupo Mexico and a top union leader to attempt to resolve labor disputes stretching back more than a decade.

Zinc price jumps after Boliden suspends operations at Irish mine

Mining News Pro - Zinc prices climbed to a three-week high on Wednesday after Swedish miner Boliden said it will suspend production at Europe’s largest zinc mine in Ireland within the next month because of “unsustainable financial losses”.

Boliden’s Ronneskar metals smelter damaged in fire, output halted

Mining News Pro - A fire broke out overnight at Sweden’s Ronnskar smelter, a major producer of copper, zinc, lead and other metals, and output from the site has been halted until further notice, plant owner Boliden said.

Congo halts ERG’s copper project after waste leakage

Mining News Pro - Eurasian Resources Group’s Boss Mining copper and cobalt project has been halted by the Democratic Republic of Congo’s government, which cites environmental concerns after flooding in March sent mine waste into a river and nearby town.

Teck’s attempt to gain CIC support for coal split hits wall

Mining News Pro - Teck Resources, Canada’s largest diversified miner, is reportedly finding it difficult to secure the support of top shareholder China Investment Corporation (CIC) for a plan to exit coal.

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.

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