Receiver named for assets of Trevali’s Caribou zinc mine in New Brunswick
Mining News Pro - Last summer, Trevali Mining applied for relief under the Companies’ Creditors Arrangement Act (CCAA) and was granted the initial order in August. The next month it delisted its shares from the Toronto Stock Exchange. And this week, a receiver was appointed for the company’s assets at its Caribou lead-zinc-silver mine in New Brunswick.
-
-
Visit: 222
Court told Anglo turned blind eye to Zambian lead poisoning
South Africa’s High Court was told that Anglo American Plc turned a “blind eye” to lead poisoning in the Zambian town of Kabwe, where it held a stake in a mine for almost 50 years.
-
-
Visit: 38
LME ends chaotic year with metal stockpiles perilously low
Mining News Pro - The London Metal Exchange will enter 2023 with the smallest available warehouse stockpiles in at least 25 years, setting the stage for future squeezes and spikes if demand turns out stronger than expected.
-
-
Visit: 75
Sherritt to recoup $260 million of outstanding debt from Cuban partners
Mining News Pro - Sherritt International has entered agreements with its Cuban partners to settle C$362 million ($260 million) of total outstanding receivables over five years, beginning January 1, 2023. The agreements, known as the “cobalt swap”, would allow the Moa joint venture in Cuba to prioritize dividend payments in the form of finished cobalt to each partner, and each partner’s share of these cobalt dividends will be redirected to Sherritt as debt repayment.
-
-
Visit: 319
NorZinc agrees on sale to shareholder RCF
Mining News Pro - In a move to ensure the long-term viability of its Prairie Creek project located in the Northwest Territories, NorZinc (TSX: NZC) has agreed to a sale to RCF VI CAD LLC following a unanimous decision by the board of directors, which has been working to address the company’s financial challenges, namely limited cash and negative working capital, to fund the project’s development.
-
-
Visit: 343
Sierra Metals halts 2022 production and finance guidance on Peru mine blockade
Mining News Pro - Sierra Metals Inc. said a group of residents from the Peruvian town of Alis are blocking the access to its flagship Yauricocha copper mine, where production has been suspended for over a week.
-
-
Visit: 370
Electra Battery’s nickel refinery plans starting to take shape
Mining News Pro - Canadian firm Electra Battery Materials has announced the highlights of a scoping study for an integrated nickel refinery, as part of its vision of creating an electric vehicle (EV) battery materials park in Ontario.
-
-
Visit: 387
Metal plants feeding Europe’s factories face an existential crisis
Mining News Pro - In the aluminum industry, closing a smelter is an agonizing decision. Once power is cut and the production “pots” settle back to room temperature, it can take many months and tens of millions of dollars to bring them back online.
-
-
Visit: 408
Metals rout deepens as China lockdowns add to growth fears
Mining News Pro - Base metals slumped, with copper falling further after capping its fifth consecutive monthly loss — the longest downward streak since the 2008 financial crisis — after China’s lockdown of megacity Chengdu added to demand woes.
-
-
Visit: 346
Global cobalt markets to be in surplus in 2022
Mining News Pro - The global markets of nickel, lithium and cobalt – three of the key metals used in electric vehicle batteries – are expected to be in surplus in 2022, an analyst with Chinese state-backed research house Antaike said.
-
-
Visit: 381
Boliden declares force majeure on zinc amid Norway strike
Mining News Pro - Swedish miner Boliden has declared force majeure on zinc deliveries to Europe due to a strike among Norwegian electrochemical industry workers, although some production is still running, a company spokesperson said on Tuesday.
-
-
Visit: 424
Trevali halts trading as Burkina Faso managers face trial following fatal mine flooding
Mining News Pro - Canada-based Trevali Mining halted trading on Monday and said two of its managers were being held in Burkina Faso following an April flood that killed eight miners.
-
-
Visit: 381
Congo PM to mediate dispute over Tenke copper and cobalt mine
Mining News Pro - Democratic Republic of Congo’s prime minister expects to host talks between China’s CMOC and state miner Gecamines in the coming days over a dispute at their Tenke Fungurume copper and cobalt project, his office said on Wednesday.
-
-
Visit: 423
Nyrstar’s shut Dutch smelter invigorates zinc bulls
Mining News Pro - Expectations of deeper production cuts in Europe, shortages and dwindling stocks after high energy costs forced Nyrstar to shut its zinc smelter in the Netherlands have bolstered zinc’s price prospects.
-
-
Visit: 416
Lundin weighs sale of $1 billion copper-zinc mine in Portugal
Mining News Pro - Lundin Mining Corp. is weighing the sale of a copper and zinc mine in Portugal that could be valued at about 1 billion euros ($1 billion), people familiar with the matter said.
-
-
Visit: 449
The EV race is turning a gold rush haven into a battery hub
Mining News Pro - Gold has long dominated the Western Australian city of Kalgoorlie, born in a late 19th Century prospecting rush and home to one of the world’s largest open pit mines, nestled right next to residential streets. Blasts to dislodge precious-metal laced rock from the more than two-mile-long Super Pit still frequently rattle the main street.
-
-
Visit: 421
Top Ten Zinc Projects in the World Right Now
Mining News Pro - The Selwyn zinc project in Canada’s Yukon Territory, owned by China’s Yunnan Chihong Zinc and Germanium leads by a longshot, with 19.2 million tonnes (Mt) in resources and reserves.
-
-
Visit: 613
Zinc price highest since March as energy crunch threatens smelters
Mining News Pro - The zinc price rose the most in almost five months on Thursday after Glencore warned that Europe’s energy crisis poses a substantial threat to supply.
-
-
Visit: 489
Tesla inks battery materials deals with two China suppliers
Mining News Pro - Tesla Inc. has signed new long-term deals with two of its existing Chinese battery-materials suppliers, the latest move by automakers to secure supplies amid intensifying competition.
-
-
Visit: 523
Bolivian authorities investigate tailings pond collapse near Potosí
Mining News Pro - Bolivian authorities are investigating the causes behind the collapse of a tailings facility near the southern town of Potosí, an accident that took place a week ago and that caused a mix of mud and mine residue to reach at least four rivers that drain into the Pilcomayo River.
-
-
Visit: 465
Rare earths-free thermoelectric converters now viable – research
Mining News Pro - Researchers at Japan’s Hokkaido University have synthesized a barium-cobalt oxide thermoelectric converter aimed at transforming waste heat into energy without having to use rare earths.
-
-
Visit: 396
How the Idaho cobalt belt could be North America’s secret to growing EV production
Mining News Pro - As geopolitical worries and supply chain issues continue to affect all industries, North America is quickly turning to alternative sources of battery materials as the west looks to shore up its own supply chains, create jobs, and strengthen domestic energy production.
-
-
Visit: 535
CMOC’s Congo mine suspends copper and cobalt exports
Mining News Pro - CMOC’s Tenke Fungurume copper and cobalt mine has suspended all exports, logistics companies were told in a notice seen by Reuters late on Saturday, complying with demands by a court-appointed administrator.
-
-
Visit: 572
Osisko Metals updates Pine Point PEA
Mining News Pro - Osisko Metals has released an updated preliminary economic assessment (PEA) for its wholly owned Pine Point base metals project located near the town of Hay River, Northwest Territories. The study was prepared in collaboration with independent engineering firms BBA, WSP Canada and Hydro-Resources.
-
-
Visit: 619
Cost reductions for renewables may stall in Australia
Mining News Pro - Cost reductions for renewable energy are likely to be put on hold for the next year in Australia due to inflation and supply chain disruptions, a recent report by the Commonwealth Scientific and Industrial Research Organisation (CSIRO) shows.
-
-
Visit: 664