What’s the outlook on mine maintenance spending?
Oxford Economics Australia has released data showing mine maintenance spending may be hitting its peak. But what does it mean for the sector?
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Visit: 41
Gold price advances as investors weigh mixed signals on US economy
Gold rose after mixed signals from the US, where optimism is growing the economy is on target for a soft landing as the Federal Reserve fights inflation.
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Visit: 50
US, Philippines eye agreement to cut China nickel dominance
The US and the Philippines are in discussions over ways to prevent China from dominating nickel processing in the Southeast Asian nation, a key supplier of the metal that’s crucial for electric vehicle batteries.
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Visit: 54
Airbus wins reprieve from Canadian sanctions on Russian titanium
Canada has granted Airbus a waiver to allow it to use Russian titanium in its manufacturing after becoming the first Western government to ban supplies of the strategic metal in the latest package of measures triggered by the war in Ukraine.
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Visit: 95
LME bans Russian-origin metal after UK, US impose new sanctions
The London Metal Exchange (LME) on Saturday banned from its system Russian metal produced on or after April 13 to comply with new US and UK sanctions imposed for Russia’s invasion of Ukraine.
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Visit: 96
Vale buys remaining 45% stake in Alianca Energia for $541 million
Brazilian miner Vale said in a filing on Wednesday it had signed a contract to buy a 45% stake in Alianca Energia from Cemig GT, a subsidiary of energy firm Cemig, for 2.7 billion reais ($540.9 million).
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Visit: 82
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.
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Visit: 97
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.
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Visit: 108
Fleet Space, Stanford University’s Mineral-X team up to advance space-enabled climate innovation
Australia-based Fleet Space Technologies, developer and operator of microsatellites, announced Monday that it has been named an industrial affiliate of Stanford University’s Mineral-X program — a research organization combining expertise in geoscience, resource optimization and artificial intelligence (AI) to enable a decarbonized mineral supply chain.
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Visit: 123
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.
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Visit: 97
France’s $1.6 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.”
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Visit: 138
Eramet in talks with France to offload debt from SLN nickel unit
Eramet is in “very advanced talks” with the French government to remove from its balance sheet several hundred million euros of debt related to its loss-making nickel subsidiary SLN in New Caledonia, the mining group said.
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Visit: 134
Capstone raises $265 million to advance Chilean copper projects
Capstone Copper, alongside shareholders Orion Fund JV Ltd., Orion Mine Finance Fund II LP and Orion Mine Finance (Master) Fund I-A LP, has announced the closing of their recently arranged bought deal to support the company’s near-term growth initiatives in Chile.
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Visit: 126
France extends New Caledonia nickel rescue talks
France will continue talks until the end of February to save New Caledonia’s nickel industry, the finance ministry said on Monday, after failing to reach a deal last month to fill a massive funding shortfall for the territory’s nickel processors.
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Visit: 117
Metals sanctions are dividing the biggest traders and banks
The latest UK sanctions on Russia are creating new faultlines across the global metals world, in the latest example of how the fallout from the war in Ukraine continues to ripple through commodity markets while creating opportunities for those willing to navigate the restrictions.
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Visit: 256
Vale’s 2023 iron ore output tops guidance, but sales fall
Vale’s iron ore production grew 4.3% in 2023, topping the Brazilian miner’s estimate for the year, while shipments of the commodity fell slightly, the company said on Monday.
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Visit: 137
Aluminum price jumps after report EU may sanction Russian metal
Aluminum rallied in London after Politico reported that the European Union is considering sanctions on Russian aluminum ahead of the second anniversary of the invasion of Ukraine.
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Visit: 117
Congo and China talking $7 billion in finance, Tshisekedi says
China and Democratic Republic of Congo are discussing $7 billion in financing as part of a renegotiated minerals-for-infrastructure deal, President Felix Tshisekedi said Saturday at his second inaugural address in the capital, Kinshasa.
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Visit: 101
The 9-month performance evaluation meeting of ESCO was held
Mining News Pro - The 9-month performance evaluation meeting of the financial year ending was held in the Tasiko meeting hall with the presence of managing directors, deputies and senior managers of Sadr Tamin and ESCO Holdings.
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Visit: 87
Coal financing is still booming
Mining News Pro - The amount of bank financing going to mining coal, the dirtiest fossil fuel of them all, remains at surprisingly high levels. Most of it is coming from China.
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Visit: 127
Russia says it will have no trouble skirting latest EU sanctions
Mining News Pro - Russia said on Tuesday it would have no difficulty skirting the latest package of EU economic sanctions, which notably target its diamond exports.
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Visit: 158
SQM ties up with Hancock on $1.1bn bid for Azure Minerals
Mining News Pro - Chile’s SQM has teamed up with Australia’s richest person, Gina Rinehart, to make a sweetened A$1.7 billion ($1.14 billion) bid for Australian lithium developer Azure Minerals, the three parties said on Tuesday.
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Visit: 109
LME faces fresh worries about Russian metal after UK sanctions
Mining News Pro - New UK sanctions on Russian metals have caused confusion among traders and raised fresh worries that the London Metal Exchange could be overwhelmed by a glut of unwanted Russian aluminum.
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Visit: 148
Palladium price surges 12% as UK sanctions target Russia metals
Mining News Pro - Palladium headed for its biggest gain since March 2020 as the UK government targeted Russian metals — but not palladium — with new sanctions.
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Visit: 98
US sanctions Russian metals magnate Sviblov and gold, zinc firms
Mining News Pro - The US imposed sanctions on Russian mining magnate Vladislav Sviblov and several mining companies connected to him, including one that’s developing one of the world’s largest zinc mines.
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Visit: 132