South America looks at creating “lithium OPEC”
Mining News Pro - Argentina, Chile, Bolivia and Brazil are analyzing the creation of a lithium cartel of sorts in charge of expanding South America’s processing capacity, turning more of their mined lithium into batteries and tapping into the electric vehicles (EVs) manufacturing sector.
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Visit: 18
Hormozgan Steel and Mobarakeh Steel strategies are aligning with each other
Mining News Pro - Hormozgan Steel created its modern strategies 6 years ago and review them this year in order to align them with MSC’s strategies.
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Visit: 22
China lithium miners restart after government investigation
Mining News Pro - Some mines in one of China’s major lithium-production hubs have been allowed to restart amid a government investigation that halted activity last week, according to a report in local media outlet Cailian.
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Visit: 21
Australia blocks Chinese investor from raising stake in rare earths miner
Mining News Pro - Australian rare earths producer Northern Minerals said on Tuesday that the federal government had prevented its largest shareholder, China’s Yuxiao Fund, from raising its stake in the company on grounds of national interest.
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Visit: 33
Chadormalu is one of the top energy-saving mining companies in Iran
Mining News Pro - Due to decent responsibility in electricity management, the governor of Yazd province in Iran honored Chadormalu Mining and Industrial Company.
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Visit: 31
Development of extraction is the key factor for Chadormalu’s projects
Mining News Pro - IMIDRO’s chairman of the board believes that development of extraction is the key factor for Chadormalu’s projects.
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Visit: 38
BHP trials renewable fuel at Yandi iron ore operations in Western Australia
Mining News Pro - The world’s biggest miner, BHP said Thursday it is trialling the use of Hydrotreated Vegetable Oil (HVO) to help power mining equipment at its Yandi iron ore operations in Western Australia.
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Visit: 26
Newmont sees ‘significant’ shareholder value in buyout of gold rival Newcrest
Mining News Pro - Gold miner Newmont Corp on Thursday said it believes a buyout of Newcrest Mining Ltd would create “significant value” for shareholders and that it is in talks with its Australian rival’s board of directors about closing a deal.
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Visit: 31
Anglo American takes $1.7bn writedown on British fertilizer mine
Mining News Pro - Anglo American said Thursday it would take a $1.7 billion charge due higher costs and delays at its Woodsmith fertilizer project, which is being built beneath the North Yorks Moors national park in England.
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Visit: 21
Mosaic misses quarterly profit estimate amid lower demand for fertilizers
Mining News Pro - Mosaic Co on Wednesday became the latest fertilizer maker to miss fourth-quarter profit estimates amid lower demand for potash and other crop fertilizers.
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Visit: 20
Newmont misses quarterly profit estimates
Mining News Pro - Newmont Corp on Thursday fell short of Wall Street estimates for fourth-quarter profit, as the world’s largest gold miner struggled with lower prices and increased costs.
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Visit: 27
Rio Tinto halves dividend on 41% annual profit drop
Mining News Pro - Mining giant Rio Tinto has more than halved its 2022 dividend after posting a 41% drop in annual profit, which was the result of lower commodity prices and higher costs.
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Visit: 78
Glencore hit by fresh bribery-related lawsuit in the UK
Mining News Pro - Glencore is facing a fresh lawsuit in the UK related to alleged losses to shareholders resulting from the mining and commodities trader’s involvement in bribery.
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Visit: 31
GRI presents sustainability reporting standard for mining companies
Mining News Pro - The Global Reporting Initiative (GRI), an international independent organization for impact reporting across sectors has proposed a new sustainability reporting standard for mining companies.
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Visit: 41
Newcrest rebuffs Newmont offer
Mining News Pro -Australia’s Newcrest Mining Ltd on Thursday rebuffed Newmont Corp’s $16.9 billion bid but left the door open for a better offer as it logged profit that surged past analyst expectations and paid out a special dividend.
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Visit: 32
US tariffs on Russian aluminum risk more market fracture
Mining News Pro - The political fracturing of the aluminum market looks set to intensify as the United States mulls imposing penal tariffs of up to 200% on imports of Russian metal.
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Visit: 51
Gecamines seeks to diversify into ‘transition’ minerals
Mining News Pro - Congo’s state mining company Gecamines plans to explore for minerals needed for the transition to a lower carbon economy, including lithium, tin, and rare earths, chairman Alphonse Kaputo Kalubi said on Tuesday.
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Visit: 69
Aurubis Q1 profit drops on high power prices
Mining News Pro - Aurubis posted a fall of about 24% in quarterly earnings on Monday, as high energy prices and inflation burdened despite strong demand but maintained upbeat earnings estimates for its full-year profits.
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Visit: 48
UK grid asks coal reserve to prepare as cold snap looms
Mining News Pro - The UK’s grid operator asked one coal-fired power unit to be ready to generate power as it seeks to boost electricity supplies during a cold snap.
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Visit: 140
First Quantum to hold board meeting in Panama
Mining News Pro - Directors of First Quantum Minerals will meet in Panama this week for a board meeting, a source close to the Canadian company said on Wednesday, in the midst of a longstanding dispute over its contract with the government to operate a major copper mine.
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Visit: 57
Good ESG practices lead to better operational, stock performance
Mining News Pro - We encounter the effects of climate change more and more every day. For example, in Turkey, we are experiencing a winter without snow on New Year’s Eve. Despite this, people still do not think about the consequences of their actions. Because when people do not experience climate impacts in their own lives, they either do not listen to warnings or do not accept them as real.
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Visit: 74
Vale, Tüv Süd and 16 people become defendants for the Brumadinho disaster
Mining News Pro - The Brazilian Federal Court has accepted the complaint filed by the Federal Public Ministry (MPF) against 16 people and the companies Vale and Tüv Süd for the rupture of the Córrego do Feijão dam in Brumadinho.
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Visit: 85
EU metals industry urges aid to rival US green energy package
Mining News Pro - Top metal producers called on the European Union to follow the White House’s lead in rolling out financial support to help the bloc keep control of raw materials critical to the green-energy transition.
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Visit: 95
Codelco produced less copper in 2022
Mining News Pro - Chile’s state-run Codelco, the world’s largest copper producer, produced 172,000 fewer tonnes of copper in 2022, Chairman Maximo Pacheco said on Tuesday, marking a roughly 10% drop from output in 2021.
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Visit: 528
Glencore’s Antapaccay copper mine attacked, fire breaks out
Mining News Pro - Glencore’s massive Antapaccay copper mine in Peru faced its latest disruption on Friday, as a fire spread through a nearby worker housing area which is believed to have been started by protesters, a source familiar with the matter told Reuters.
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Visit: 103