Indonesia extends validity of mining production plans to three years

Mining News Pro - Indonesia will allow mining production plans to stay valid for three years with immediate effect, according to rules made public on Thursday, as it looks to beef up efficiency in quota approvals.

Canada risks more than $37 billion in clean tech as incentives in limbo

Mining News Pro - More than a year after Canada first announced incentives to jumpstart clean technology projects there is still no money flowing, and if they are not in place soon, more than C$50 billion ($37 billion) in investments could be at risk, industry groups said.

Tesla supplier weighs Indonesia battery metal unit IPO

Mining News Pro - Chinese battery metals producer CNGR Advanced Material Co. is weighing an initial public offering of Indonesian assets as soon as the end of 2024, according to people familiar with the matter.

Canada will take 20 years to recoup Stellantis, Volkswagen subsidies

Mining News Pro - The Canadian government will take 20 years to recoup the combined C$28.2 billion ($21 billion) subsidies it is offering Volkswagen and Stellantis-LG Electric Solutions to build two electric vehicle (EV) battery plants, the country’s budgetary watchdog said on Tuesday.

Antofagasta loses bid to revive Minnesota copper-nickel project

Mining News Pro - A US judge has rejected a bid by a subsidiary of Chilean mining company Antofagasta Plc to restore canceled mineral leases for a proposed $1.7 billion Minnesota copper and nickel mine, which the Biden administration had blocked over concerns it could pollute a major recreational waterway.

Saudi Arabia’s crown prince looks to metals as new source of wealth

Mining News Pro - In scorching summer heat, Renier Swiegers marches through the desert toward a drilling rig. He’s not looking for oil, the dynamo of Saudi Arabia’s economy the past 80 years, though. It’s another potential source of wealth and influence the kingdom now has its eye on.

Hyundai to invest $400 million for stake in Korea Zinc

Mining News Pro - Hyundai Motor Group will buy a 5% stake in Korea Zinc Co., the world’s largest smelter for non-ferrous metals, as part of its effort to ensure access to key metals used in making electric-car batteries.

Indonesian nickel smelters turn to Philippines for ore as local supply tightens

Mining News Pro - Nickel smelters in top producer Indonesia are making rare purchases of ore from the Philippines to ease tight supplies, people familiar with the matter said, upending trade flows of the raw material and pushing up costs across the supply chain.

Nornickel plans to move some trading to Dubai

Mining News Pro - MMC Norilsk Nickel PJSC has established an office in Dubai, becoming the largest Russian metals and mining firm to set up in the United Arab Emirates following the Kremlin’s war in Ukraine.

Indonesia’s nickel prices surge amid probe into mining approvals

Mining News Pro - Prices of nickel ore in top global producer Indonesia have surged about 10% in recent weeks, say local buyers, after an investigation into mining quotas disrupted production of the metal used in stainless steel and batteries.

Nornickel plans to move some trading to Dubai

Mining News Pro - MMC Norilsk Nickel PJSC has established an office in Dubai, becoming the largest Russian metals and mining firm to set up in the United Arab Emirates following the Kremlin’s war in Ukraine.

Andrew Forrest’s private nickel vehicle flooded by IPO pitches

Mining News Pro - Wyloo Metals Pty Ltd., the private nickel miner owned by Australian billionaire and Fortescue Metals Group chairman Andrew Forrest, says it’s being inundated with pitches to take the company public.

EV revolution puts US Indigenous communities at risk – study

Mining News Pro - The electric car revolution puts America’s Indigenous communities at risk, a new paper soon to be published in Harvard Environment Law Review shows.

Vale Indonesia plans to divest 14% stake

Mining News Pro - Nickel miner Vale Indonesia is planning to divest 14% of its stake this year to fulfill divestment rules, Indonesia’s mining minister Arifin Tasrif told reporters on Friday.

Freeport Indonesia secures copper export permit, plans to contest new export duty

Mining News Pro - Mining giant Freeport has obtained a license to ship copper concentrate from its Indonesian operation until May 2024, but may contest new government rules on export duties.

China nickel producers look to London exchange in dash for profit

Mining News Pro - Chinese nickel producers are looking to list metal on the London Metal Exchange (LME), two China-based industry analysts said, as they seek improved access to global markets and rush to lock in profits while they boost output.

Britain agrees deals on clean energy, critical minerals with Zambia

Mining News Pro - Britain on Thursday said it had agreed deals with Zambia on clean energy and critical minerals as foreign minister James Cleverly ends a four-day visit to Africa to deepen ties.

China’s metals and mining investment overseas to hit record in 2023

Mining News Pro - New research data shows that China’s metals and mining investments overseas are on track to hit record levels this year, as the country locks in its position as the dominant force in the critical minerals supply chain.

Saudi metals deal to test Canada’s new foreign investor rules

Mining News Pro - Canada’s vow to curb foreign investment in its critical minerals sector will face its first major test with Saudi Arabia’s deal to buy into some of the country’s largest nickel mines.

Saudi metals deal to test Canada’s new foreign investor rules

Mining News Pro - Canada’s vow to curb foreign investment in its critical minerals sector will face its first major test with Saudi Arabia’s deal to buy into some of the country’s largest nickel mines.

First Quantum starts output at Africa’s biggest nickel mine

Mining News Pro - First Quantum Minerals Ltd. started production at what is set to turn into Africa’s biggest nickel mine, furthering Zambia’s aim of becoming a key supplier of battery metals for the electric vehicle revolution.

Indonesia nickel heartland wants to be greener link in EV chain

Mining News Pro - The company behind an industrial park in central Indonesia that is becoming a nickel production powerhouse says it is implementing measures to address growing environmental concerns over production of the commodity, a key component of stainless steel and batteries for electric vehicles.

Indonesia nickel heartland wants to be greener link in EV chain

Mining News Pro - The company behind an industrial park in central Indonesia that is becoming a nickel production powerhouse says it is implementing measures to address growing environmental concerns over production of the commodity, a key component of stainless steel and batteries for electric vehicles.

Nickel set to flood the LME, turning metal squeeze into glut

Mining News Pro - The nickel market is at a “turning point” with a wave of supply of the battery metal about to hit the London Metal Exchange and push down prices, according to strategists at Macquarie Group Ltd.

Energy transition faces metals gap unless investment rises

Mining News Pro - Rapid demand growth as a result of the energy transition could lead to a shortage of several metals in the next decade unless investment is increased, a global group of energy producers, consumers and financial institutions said.

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