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.

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.

Nornickel board recommends no dividend for first time in 14 years

Mining News Pro - The board of Russian mining group Norilsk Nickel has recommended not paying dividends on its 2022 results for the first time in 14 years, citing “negative geopolitics”, but may consider paying interim dividends, the company said on Friday.

Philippines to woo investors in nickel ore processing

Mining News Pro - The Philippines is working to woo investment into its domestic nickel processing sector, the environment minister said on Thursday, as the resource-rich country looks to squeeze value out of its metals and minerals industry.

Horizonte closer to beginning production at Brazil nickel project

Mining News Pro - Horizonte Minerals (AIM, TSX: HZM) said on Monday it was on track to begin production at its Araguaia nickel mine in northern Brazil in the first quarter of 2024.

LME brokers see big gains in 2022 from volatility after nickel debacle

Mining News Pro - Most brokers and banks trading on the London Metal Exchange (LME) had a bumper year in 2022 in a highly-volatile market, but a provision by JP Morgan due to a nickel crisis weighed on its profits, according to results and industry sources.

IGO secure land for first integrated battery material facility in Western Australia

Mining News Pro - IGO Limited (ASX: IGO) and Wyloo Metals announced Friday that land has been secured at Kwinana for their proposed integrated battery material facility in Australia.

Indonesia nickel giant lists at top of range raising $672 million

Mining News Pro - Metal and mining firm PT Trimegah Bangun Persada advanced in its Jakarta debut after raising 10 trillion rupiah ($672 million) in Indonesia’s largest initial public offering this year. The sale shed light on the growing investor appetite for the country’s electric-vehicle sector.

Companies can vie to mine the deep sea starting in July

Mining News Pro - A United Nations-affiliated organization is expected to start accepting applications this summer from companies looking to mine deep sea ecosystems for valuable metals, despite failing on Friday to establish regulations governing the embryonic industry.

LME nickel to trade in Asian hours for first time since crisis

Mining News Pro - The London Metal Exchange will reopen nickel trading during Asian trading hours from March 20, in what is likely to provide an important liquidity boost for the market that has struggled to recover after last year’s crisis.

General Motors digs into mining business to lead race for EV metals

Mining News Pro - General Motors is trying to speed ahead in the race for metals underpinning the industry’s shift to electric cars.

Teck, PolyMet launch NewRange Copper Nickel JV to advance Minnesota projects

Mining News Pro - Teck and PolyMet have launched the NewRange Copper Nickel joint venture with the aim to supply critical minerals for the clean energy transition across North America. Together, they plan to become the second nickel producer in the US.

Vale Indonesia breaks ground on $2.5 billion ferronickel smelter

Mining News Pro - Nickel miner PT Vale Indonesia broke ground on a 37.5 trillion rupiah ($2.48 billion) ferronickel smelter Sulawesi island on Friday, an Indonesian senior minister said.

Indonesia has high electric vehicle ambitions

Mining News Pro - Armed with the world’s largest reserves of nickel and a ban on the export of nickel ore, Indonesia is making itself indispensable for the electric vehicle industry, which uses the metal extensively.

US blocks mining in parts of Minnesota, dealing blow to Antofagasta’s Twin Metals copper project

Mining News Pro - The US Interior Department on Thursday blocked mining in part of northeast Minnesota for 20 years, the latest blow to Antofagasta Plc’s Twin Metals copper and nickel mining project but a step officials said is needed to protect the state’s vast network of interconnected waterways.

Mega miners are hunting for deals after decade on the sidelines

Mining News Pro - In the rush of the 2000s commodities boom, the world’s biggest miners earned a reputation as swashbuckling dealmakers, taking on rivals in an onslaught of hostile offers, massive mergers and vicious bidding wars.

Top 50 mining companies in 2022: coal, lithium win big, China investors lose out

Mining News Pro - Vale, the world’s second largest iron ore miner and top nickel producer, has shortlisted suitors for 10% of its base metals business estimated to be worth nearly $2.5 billion.

LME chair to step down, exchange declines comment on reason

Mining News Pro - The London Metal Exchange (LME) on Thursday said Gay Huey Evans will step down as LME chair, but declined to comment on whether it was due to regulatory reviews into the nickel market events in March.

Anglo American carries out water reclamation project in Brazil

Mining News Pro - Anglo American (LON: AAL) has announced plans to reuse the water that is employed in the operation of the pipeline that transports iron ore from its Minas Rio operation located in the Conceição do Mato Dentro municipality in southeastern Brazil to the port in São João da Barra, located further east.

Continuation of pressures on China's nickel sulfate

Weakening demand continues to add pressure to Chinese nickel sulfate, MHP markets

Mining News Pro - Nickel sulfate prices in China fell again in the week to December 9 due to continuing production cuts by downstream sectors, market sources told Fastmarkets.

Nickel Ore Inventories at Chinese Ports Up 235,000 wmt WoW

Mining News Pro - As of December 16, port inventories of nickel ore in China added 235,000 wmt to 9.12 million wmt compared with last Friday.

Mexico to start producing lithium batteries in late 2023

Mining News Pro - President Andrés Manuel López Obrador announced last month a $2.5 billion plan to turn parts of the border region with the US into a clean energy hub, home to solar and wind plants as well as electric vehicle factories.

Responsible copper mining framework extended to nickel, zinc and molybdenum

Mining News Pro - Brülhart says smelters and refiners that have been audited are not included in this figure to eliminate the possibility of double counting as metal passes through the supply chain.

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