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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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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Vale opens first phase of $684 million copper complex expansion in Canada
Mining News Pro - Vale, the world’s largest iron ore and nickel producer, has opened the first phase of a C$945 million ($684m) expansion at its Copper Cliff Complex South Mine in Ontario, Canada.
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Vale Indonesia signs HPAL deal with China’s Huayou
Mining News Pro - Nickel miner PT Vale Indonesia on Tuesday signed an agreement with China’s Zhejiang Huayou Cobalt to build a second high-pressure acid leach (HPAL) plant to produce nickel material used in batteries to power electric vehicles.
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Vale sees 44% increase in global nickel demand by 2030
Mining News Pro - Brazilian mining company Vale said on Wednesday that global demand for nickel should increase 44% by 2030 compared to that expected for this year, due to high demand for use in batteries that power electric vehicles.
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BHP says copper strategy does not depend on M&A after OZ Minerals snub
Mining News Pro - BHP Group’s plans to grow its copper business are not dependent on acquisitions, the global miner’s chief executive told shareholders on Thursday, after the rebuff of its bid to take over a smaller Australian copper and nickel firm.
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FPX outlines 43,500 t/y integrated nickel sulphate operation in scoping study
Mining News Pro - FPX Nickel has announced results of an internal engineering scoping study evaluating the production of nickel sulphate for the electric vehicle battery market from the high-grade awaruite to be produced by the company’s Baptiste nickel project in central British Columbia.
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Vale sees 44% increase in global nickel demand by 2030
Mining News Pro - Brazilian mining company Vale said on Wednesday that global demand for nickel should increase 44% by 2030 compared to that expected for this year, due to high demand for use in batteries that power electric vehicles.
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Vale Indonesia signs $2 billion nickel project deal with Shandong Xinhai
Mining News Pro - Nickel miner PT Vale Indonesia on Tuesday signed an investment deal with China’s Shandong Xinhai Technology Co. Ltd and a unit of China Baowu Steel Group Corp. Ltd to develop a processing plant on Sulawesi island.
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‘Winter’ approaches for base metals equities
Mining News Pro - A metaphorical winter approaches for base metals equities, says Haywood Capital Markets in a new report published on Sunday.
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Antofagasta’s Twin Metals sues US government over Minnesota copper project
Mining News Pro - Antofagasta Plc’s Twin Metals subsidiary sued the US government on Monday in a bid to revive its proposed Minnesota copper and nickel mine, which Biden administration officials had blocked this year over concerns it could pollute a major recreational waterway.
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Canada Nickel confirms discovery at newly acquired Deloro property in Ontario
Mining News Pro - Canada Nickel Company has received new assay results from its Deloro property that confirmed a second significant discovery from the company’s newly acquired property package in Ontario.
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Miners face supply chain overhaul to meet US EV credit deadline
Mining News Pro - Miners will struggle to expand operations in the United States in record time to meet a deadline for sourcing key minerals domestically or from select countries as set out by a bill likely to be passed on Friday, companies and industry watchers said.
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US renewables investors see Senate bill sparking a gold rush
Mining News Pro - For the first time, investors seeking to pour cash into US clean energy projects can count on at least a decade of generous federal subsidies, offering them long-sought confidence in the staying power of the world’s third biggest renewables market.
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Indonesia says Tesla strikes $5 billion deal to buy nickel products
Mining News Pro - US carmaker Tesla has signed contracts worth about $5 billion to buy materials for their batteries from nickel processing companies in Indonesia, a senior cabinet minister told CNBC Indonesia.
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EV Rising is Changing the Prospets of Mining
Mining News Pro - The most in-demand mining leaders are no longer those who’ve unearthed vast troves of glittering gold, but instead, the companies delivering previously shunned projects to yield volumes of lithium, nickel, manganese, and cobalt.
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Horizonte Minerals signs $135 million equipment contracts for Brazil nickel project
Mining News Pro - Horizonte Minerals said on Thursday that it had signed $135 million in contracts with machinery suppliers for the Araguaia nickel project in Brazil.
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BHP to boost nickel exploration spending amid EV boom
Mining News Pro - BHP Group will increase its spending on nickel exploration over the next two years to meet growing demand for the raw material used in making electric vehicle batteries, the chief of its nickel operations said on Wednesday.
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Visit: 496