Mining News Agency | Mining https://www.miningnews.ir US awards record $6bn to back industrial emissions reduction projects https://www.miningnews.ir/En/News/628177/US-awards-record-6bn-to-back-industrial-emissions-reduction-projects The US Energy Department on Monday announced $6 billion in federal funding to subsidize 33 industrial projects in 20 states to cut carbon emissions, saying the investment would support well-paying union jobs and boost US competitiveness. fa-IR 2024/03/26 22:16:26 Banks shying away from fossil fuels bolster private credit deals https://www.miningnews.ir/En/News/628176/Banks-shying-away-from-fossil-fuels-bolster-private-credit-deals Private credit managers are doing significantly more fossil-fuel deals now than just a few years ago, as they step into a void left by banks exiting assets they worry pose too big a climate risk. fa-IR 2024/03/26 22:15:01 Ferrexpo hit with corporate rights restrictions for Ukraine subsidiaries https://www.miningnews.ir/En/News/628175/Ferrexpo-hit-with-corporate-rights-restrictions-for-Ukraine-subsidiaries Iron ore pellet producer Ferrexpo said a court has prohibited the transfer of ownership and other shares-related corporate rights of the company’s subsidiaries in Ukraine. fa-IR 2024/03/26 22:13:13 Ivanhoe Electric earns into 60% of nickel-copper project in Côte d’Ivoire https://www.miningnews.ir/En/News/628167/Ivanhoe-Electric-earns-into-60-of-nickel-copper-project-in-Côte-d’Ivoire Ivanhoe Electric (NYSE American: IE) (TSX: IE) terest in the Samapleu-Grata nickel-copper project in Côte d’Ivoire after satisfying the expenditure requirements outlined in an agreement from three years ago. fa-IR 2024/03/25 21:58:04 China’s younger steel industry slows net zero path, BHP CEO says https://www.miningnews.ir/En/News/628164/China’s-younger-steel-industry-slows-net-zero-path-BHP-CEO-says China’s steel industry is young compared to Europe’s, and its transition to net zero may be slower as it takes a different path to reach government-mandated decarbonization goals, according to BHP Group Ltd.’s chief executive officer Mike Henry. fa-IR 2024/03/25 21:52:35 Iron ore price set for weekly gain on prospects of improving China demand https://www.miningnews.ir/En/News/628160/Iron-ore-price-set-for-weekly-gain-on-prospects-of-improving-China-demand Iron ore futures were mixed on Friday, but set for a weekly gain on mounting anticipation of a pick up in demand in top consumer China amid signs of improving steel consumption. fa-IR 2024/03/25 03:35:32 Criminals’ attempt to kidnap Peruvian miners quashed https://www.miningnews.ir/En/News/628159/Criminals’-attempt-to-kidnap-Peruvian-miners-quashed The Pataz Unified Command, whose members hail from the National Armed Forces and the National Police, detained three men in their mid-to-late twenties, who attempted to kidnap a group of miners in the La Libertad region, northwestern Peru. fa-IR 2024/03/25 03:32:45 Australia earmarks $550m for Arafura rare earths project https://www.miningnews.ir/En/News/628152/Australia-earmarks-550m-for-Arafura-rare-earths-project Australia will provide up to A$840 million ($550 million) for the first combined rare earths mine and refinery in the country’s Northern Territory, owned by Arafura Rare Earths, Prime Minister Anthony Albanese said on Thursday. fa-IR 2024/03/14 22:37:23 Russian diamond ban creates costly delays, Antwerp diamond dealers say https://www.miningnews.ir/En/News/628150/Russian-diamond-ban-creates-costly-delays-Antwerp-diamond-dealers-say Antwerp’s diamond dealers face long and costly delays following an EU ban on Russian-origin diamonds that took effect on March 1 and has slowed imports, they say in a letter seen by Reuters. fa-IR 2024/03/14 22:31:11 Polish court allows Turow coal mine to stay open for now https://www.miningnews.ir/En/News/628149/Polish-court-allows-Turow-coal-mine-to-stay-open-for-now A Polish coal mine near the Czech border will be able to continue operating for now, the state news agency PAP reported on Wednesday, following the latest in a series of contradictory court rulings. fa-IR 2024/03/13 22:27:48 Activist Tribeca asks Glencore to move main listing to Sydney https://www.miningnews.ir/En/News/628146/Activist-Tribeca-asks-Glencore-to-move-main-listing-to-Sydney Activist investor Tribeca Investment Partners has called on Glencore to shift its primary listing from London to Sydney and abandon a plan to spin off its profitable coal business, the Financial Times reported on Wednesday. fa-IR 2024/03/13 22:23:06 Liontown secures millions for Kathleen Valley https://www.miningnews.ir/En/News/628140/Liontown-secures-millions-for-Kathleen-Valley Liontown Resources has entered into a $550 million debt facility agreement to fund the development of its Kathleen Valley lithium project in Western Australia. fa-IR 2024/03/12 21:22:55 Core Lithium CEO steps down following strategic review https://www.miningnews.ir/En/News/628139/Core-Lithium-CEO-steps-down-following-strategic-review Core Lithium produced 49,529 tonnes (t) of spodumene concentrate during the first half of the 2023–24 financial year (H1 FY24), amid the global lithium downturn and the resignation of its chief executive officer (CEO). fa-IR 2024/03/12 21:21:21 Syrah Resources to raise $65m for Mozambique, US projects https://www.miningnews.ir/En/News/628135/Syrah-Resources-to-raise-65m-for-Mozambique-US-projects Australia’s Syrah Resources said on Wednesday it would raise A$98 million ($64.73 million) through a placement and an entitlement offer for funding its Balama graphite operations in Mozambique and its US-based Vidalia project. fa-IR 2024/03/12 21:15:55 Former Vale board member claims political influence in CEO succession https://www.miningnews.ir/En/News/628133/Former-Vale-board-member-claims-political-influence-in-CEO-succession A former board member for Brazilian miner Vale said his decision to step down on Monday came after the firm’s succession process was conducted in a “manipulated manner,” according to his resignation letter seen by Reuters on Tuesday. fa-IR 2024/03/11 21:12:01 Indonesia understates methane emissions from mining, report says https://www.miningnews.ir/En/News/628132/Indonesia-understates-methane-emissions-from-mining-report-says Methane emissions from Indonesia’s expanding coal mining sector are significantly underreported, jeopardizing the nation’s international climate commitments, according to new analysis from energy think tank Ember. fa-IR 2024/03/11 21:10:44 US, Canada, Indigenous groups to collaborate on reducing river pollution from BC coal mines https://www.miningnews.ir/En/News/628128/US-Canada-Indigenous-groups-to-collaborate-on-reducing-river-pollution-from-BC-coal-mines The United States and Canada announced Monday they have agreed to cooperate to reduce and mitigate the impacts of water pollution from coal mines originating in British Columbia’s Elk-Kootenay watershed. fa-IR 2024/03/11 21:04:38 African Rainbow pauses Bokoni mine expansion plan after H1 profit fall https://www.miningnews.ir/En/News/628124/African-Rainbow-pauses-Bokoni-mine-expansion-plan-after-H1-profit-fall African Rainbow Minerals (ARM) said on Friday it was deferring plans to expand output at its Bokoni mine due to low platinum group metal (PGM) prices after reporting a 43% drop in its half-year profit. fa-IR 2024/03/08 23:39:59 BHP becomes first miner in Chile to exceed 40% female representation https://www.miningnews.ir/En/News/628121/BHP-becomes-first-miner-in-Chile-to-exceed-40-female-representation BHP, the world’s largest miner, has come a long way in the matter of female representation in its workforce, particularly in Latin America, becoming this year the first mining company in Chile in which women account for 40.8% of its staff. fa-IR 2024/03/08 23:34:34 China coal group says peak demand imminent as clean power grows https://www.miningnews.ir/En/News/628119/China-coal-group-says-peak-demand-imminent-as-clean-power-grows China is rapidly approaching peak coal consumption, but the fossil fuel’s role in helping to address energy security concerns means its use will plateau for some time after that, according to the nation’s top industry association. fa-IR 2024/03/08 23:27:21 Brazil’s CSN net profit soars on mining performance https://www.miningnews.ir/En/News/628115/Brazil’s-CSN-net-profit-soars-on-mining-performance Brazilian steelmaker and mining group CSN’s net profit jumped by more than fourfold in the fourth quarter, sending its shares higher on Thursday on the back of a solid performance in its mining business. fa-IR 2024/03/07 22:49:43 Australia and Vietnam upgrade relations, to begin talks on critical minerals https://www.miningnews.ir/En/News/628112/Australia-and-Vietnam-upgrade-relations-to-begin-talks-on-critical-minerals Australian Prime Minister Anthony Albanese said on Thursday the country was raising ties with Vietnam to the level of a comprehensive strategic partnership, with an annual dialogue on minerals amid a push to diversify supply chains away from China. fa-IR 2024/03/07 22:42:08 Platinum deficit in 2024 to be deeper than expected – WPIC https://www.miningnews.ir/En/News/628110/Platinum-deficit-in-2024-to-be-deeper-than-expected-–-WPIC A global platinum deficit in 2024 will be deeper than previously expected as mines hit by low prices for palladium and rhodium cut supply, the World Platinum Investment Council (WPIC) said, adding there were risks mine supplies could fall even further. fa-IR 2024/03/07 22:35:20 Platinum’s worst crisis in decades hits jobs in South Africa https://www.miningnews.ir/En/News/628105/Platinum’s-worst-crisis-in-decades-hits-jobs-in-South-Africa South Africa’s platinum producers are in crisis, as slumping metal prices force jobs cuts and erode profits. fa-IR 2024/03/06 22:27:35 Graphjet Technology advances production timeline at Malaysia manufacturing plant https://www.miningnews.ir/En/News/628091/Graphjet-Technology-advances-production-timeline-at-Malaysia-manufacturing-plant Graphjet, a developer of patented technologies to produce graphite and graphene directly from agricultural waste, announced Monday it has accelerated the timeline for its planned manufacturing plant in Malaysia. fa-IR 2024/03/04 00:21:35 Debswana diamond sales down 25.1% in 2023 on weak demand https://www.miningnews.ir/En/News/628085/Debswana-diamond-sales-down-251-in-2023-on-weak-demand Debswana Diamond Company’s sales of rough diamonds fell 25.1% in 2023, data released by Botswana’s central bank late on Thursday showed, as an economic slowdown hit demand for luxury items in the U.S. and China and competition from lab-grown gems increased. fa-IR 2024/03/01 22:47:12 New US sanctions more likely to curb Indian imports of Russian coal https://www.miningnews.ir/En/News/628084/New-US-sanctions-more-likely-to-curb-Indian-imports-of-Russian-coal New US sanctions on Moscow are more likely than previous ones to cut Indian imports of thermal coal from Russia because they specifically cite top exporters SUEK and Mechel, three major traders of Russian coal said. fa-IR 2024/03/01 22:45:31 US Steel takeover’s fate may hang on the words of a union boss https://www.miningnews.ir/En/News/628081/US-Steel-takeover’s-fate-may-hang-on-the-words-of-a-union-boss David McCall has a once-in-a-generation opportunity to do right by America’s industrial workers, and he’s ready to seize the moment. fa-IR 2024/03/01 22:40:12 Impala Platinum considers mine closures after profit slump https://www.miningnews.ir/En/News/628080/Impala-Platinum-considers-mine-closures-after-profit-slump Impala Platinum could shut some loss-making South African mining operations if metal prices deteriorate further and restructuring efforts fail to improve margins, chief executive Nico Muller said. fa-IR 2024/02/29 22:34:48 Chinese outbound investment in EVs likely set new record in 2023 https://www.miningnews.ir/En/News/628078/Chinese-outbound-investment-in-EVs-likely-set-new-record-in-2023 Chinese outbound foreign direct investment along the electric vehicle value chain likely set a new record in 2023, a report from Rhodium Group showed, as western economies step up scrutiny of China’s production-focused, debt-driven development model. fa-IR 2024/02/29 22:31:01 Syrah Resources inks offtake deal with Posco Future M https://www.miningnews.ir/En/News/628074/Syrah-Resources-inks-offtake-deal-with-Posco-Future-M Australia’s Syrah Resources said on Friday it will supply natural graphite product from its Balama graphite operations in Mozambique to South Korean chemical and battery material maker Posco Future M. fa-IR 2024/02/29 22:21:44 Canada Rare Earth sets up supply operations in the DRC https://www.miningnews.ir/En/News/628073/Canada-Rare-Earth-sets-up-supply-operations-in-the-DRC Canada Rare Earth Corp. (TSXV: LL) announced it has established rare earth supply operations in the Democratic Republic of Congo (DRC) through its wholly owned subsidiary Simba Essential Minerals. fa-IR 2024/02/28 22:50:24 Alrosa’s annual net profit drops 15.2% https://www.miningnews.ir/En/News/628071/Alrosa’s-annual-net-profit-drops-152 Russia’s sanctions-hit diamond producer Alrosa on Wednesday reported 2023 net profit of 85.18 billion roubles ($925 million), down 15.2% from the previous year. fa-IR 2024/02/28 22:47:19 Diamond producers warn of pitfalls in G7’s Russia gem ban https://www.miningnews.ir/En/News/628069/Diamond-producers-warn-of-pitfalls-in-G7’s-Russia-gem-ban The World Federation of Diamond Bourses (WFDB) issued an open letter on Wednesday calling on the G7 nations and the European Union to rethink the potentially “irreparable” market outcomes of its ban on Russia-produced diamonds. fa-IR 2024/02/28 22:43:13 Brazil’s President Lula says he will not discuss Vale’s CEO succession https://www.miningnews.ir/En/News/628065/Brazil’s-President-Lula-says-he-will-not-discuss-Vale’s-CEO-succession Brazil’s president, Luiz Inacio Lula da Silva, said in an interview on a local TV station on Tuesday that he would not discuss miner Vale’s CEO succession. fa-IR 2024/02/28 22:33:46 Rio Tinto gets $13 million from Canada to decarbonize iron ore processing https://www.miningnews.ir/En/News/628063/Rio-Tinto-gets-13-million-from-Canada-to-decarbonize-iron-ore-processing Rio Tinto said on Monday that the Canadian government had awarded it C$18 million ($13 million) to decarbonize iron ore processing in Labrador West. fa-IR 2024/02/27 19:47:54 South African billionaire Wiese returns to his diamond-hunting roots https://www.miningnews.ir/En/News/628062/South-African-billionaire-Wiese-returns-to-his-diamond-hunting-roots Christo Wiese, South Africa’s billionaire retail king, is going back to the future. fa-IR 2024/02/27 19:45:56 Iron ore price slides to 4-month low on higher China inventories, slow construction https://www.miningnews.ir/En/News/628052/Iron-ore-price-slides-to-4-month-low-on-higher-China-inventories-slow-construction Iron ore futures tumbled on Monday to their lowest level in four months as higher inventories in key buyer China and slower construction activity due to unfavourable weather raised demand concerns. fa-IR 2024/02/26 19:21:51 Nippon Steel’s China assets raise concerns over US deal https://www.miningnews.ir/En/News/628048/Nippon-Steel’s-China-assets-raise-concerns-over-US-deal President Joe Biden’s administration is examining Nippon Steel Corp.’s connections to China, people familiar with the matter say, a potential stumbling block for the Japanese giant’s politically contentious deal to acquire American rival United States Steel Corp. fa-IR 2024/02/24 22:44:21 Vale sees no indication of environmental breach at suspended mines https://www.miningnews.ir/En/News/628047/Vale-sees-no-indication-of-environmental-breach-at-suspended-mines Brazilian miner Vale does not see signs of environmental or social breach at two of its mines whose operating licenses were suspended this week, Vale Base Metals chair Mark Cutifani said on Friday. fa-IR 2024/02/22 22:42:56 Iron ore boom of the 2000s repeating – this time with critical metals https://www.miningnews.ir/En/News/628046/Iron-ore-boom-of-the-2000s-repeating-–-this-time-with-critical-metals A headline published in The Age back in July 2003 reads: “[Andrew] Forrest has a grand $1.2bn plan for tiny Perth mining company.” fa-IR 2024/02/22 22:41:24 France’s $1.6 billion uranium deal with Mongolia faces delays https://www.miningnews.ir/En/News/628045/France’s-16-billion-uranium-deal-with-Mongolia-faces-delays France said in October it wants to give landlocked Mongolia, which is situated between Russia and China, “the means to benefit from greater strategic sovereignty” in the face of “two extremely powerful neighbors.” fa-IR 2024/02/22 22:39:35 Vale’s fourth-quarter profit falls 35% on higher provisions over dam accident https://www.miningnews.ir/En/News/628044/Vale’s-fourth-quarter-profit-falls-35-on-higher-provisions-over-dam-accident Brazilian miner Vale reported on Thursday a 35% drop in fourth quarter net profit, missing analyst expectations by almost half, following higher provisions related to its Samarco joint venture and more taxable income. fa-IR 2024/02/22 22:38:07 Anglo American to review assets after writedowns and profit plunge https://www.miningnews.ir/En/News/628041/Anglo-American-to-review-assets-after-writedowns-and-profit-plunge Anglo American will review its assets after a 94% plunge in annual profit and writedowns at its diamond and nickel operations, the company said on Thursday. fa-IR 2024/02/22 22:33:19 Rio Tinto inks renewable power purchase deal for Gladstone operations https://www.miningnews.ir/En/News/628037/Rio-Tinto-inks-renewable-power-purchase-deal-for-Gladstone-operations Rio Tinto Ltd has signed a renewable power purchase agreement with specialist renewable energy firm Windlab to buy the majority of electricity from its planned 1.4 giga-watt (GW) wind energy project in Queensland, the miner said on Wednesday. fa-IR 2024/02/21 01:55:05 Rio Tinto reports 12% profit drop but returns more cash to investors https://www.miningnews.ir/En/News/628034/Rio-Tinto-reports-12-profit-drop-but-returns-more-cash-to-investors Rio Tinto reported a 12% fall in annual underlying earnings on Wednesday, in line with forecasts, but paid a better-than-expected final dividend as it said inflation pressures were starting to recede. fa-IR 2024/02/21 01:50:28 China’s top coal producing region tells miners to curb overproduction https://www.miningnews.ir/En/News/628033/China’s-top-coal-producing-region-tells-miners-to-curb-overproduction China’s top coal-producing region of Shanxi has ordered miners to curb overproduction, according to a notice this week from authorities in the northern province, sparking a rally in coking coal futures on Wednesday. fa-IR 2024/02/21 01:49:03 Kumba Iron Ore to cut 490 jobs as rail crisis hits output, shares fall https://www.miningnews.ir/En/News/628028/Kumba-Iron-Ore-to-cut-490-jobs-as-rail-crisis-hits-output-shares-fall Kumba Iron Ore shares fell more than 5% on Tuesday after it announced plans to cut about 490 jobs, following a reduction in production as it struggles to overcome South Africa’s persistent rail bottlenecks. fa-IR 2024/02/20 19:34:40 JSW Steel in talks with Whitehaven for coal mine stake https://www.miningnews.ir/En/News/628026/JSW-Steel-in-talks-with-Whitehaven-for-coal-mine-stake India’s JSW Steel Ltd is in talks with Australian miner Whitehaven Coal for a stake in its Blackwater metallurgical coal mine, a source aware of the discussions said on Tuesday. fa-IR 2024/02/20 19:30:28 Vale eyes more battery systems in its operations https://www.miningnews.ir/En/News/628025/Vale-eyes-more-battery-systems-in-its-operations Mining giant Vale is looking at expanding the use of industrial batteries to power ports and mining sites, said the firm’s Energy and Decarbonization director Ludmila Nascimento, in a move that would boost an industry still in early stages in Brazil. fa-IR 2024/02/20 19:29:14