Indonesia adds nickel parks worth nearly $40 billion to strategic plan
Indonesia’s outgoing government has added 16 programs to its list of strategic projects that will receive state support, including five industrial parks for nickel processing, officials said on Tuesday.
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Philippines eyes boost to nickel processing capacity
The Philippines said on Friday it aimed to add three more processing plants in the effort to develop a downstream industry for its abundant nickel resources, after nations such as China and the United States expressed interest in the mining sector.
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Miners seek exemption from Canadian tax hike to save equity deals
Canada’s mining industry is pushing for an carveout to the federal government’s proposed increase to capital gains taxes, warning the hike will make it harder for junior miners to raise money to find new mineral deposits.
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Critical minerals targeted as Australia boosts resource hunt
Australia will spend A$566 million ($373 million) over the coming decade to map out resource deposits with a focus on reserves of critical minerals, which are vital for high-tech manufacturing and the green-energy transition.
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Indonesia says nickel reserves enough for expansion, despite moratorium call
Indonesia’s nickel reserves are sufficient for expanded processing operations, an investment ministry official said on Wednesday, amid calls from a miners’ group to curb construction of new smelters to ease a global glut.
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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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Mining stoppage adds to Eramet’s New Caledonia woes
Eramet subsidiary SLN’s nickel mining operations in northern New Caledonia have been suspended, adding to difficulties at the loss-making business that saw a slide in first-quarter output.
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Lower iron, nickel and copper prices weigh on Vale’s quarterly earnings
Brazilian miner Vale on Wednesday said lower prices for iron ore, nickel and copper in the first quarter dragged down earnings compared to the year before, as it posted net profit slightly below analyst estimates.
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Potanin’s Interros calls Rusal claims about Nornickel asset sales ‘unfounded’
Interros, Nornickel’s largest shareholder, on Monday called allegations by fellow shareholder Rusal about undervalued asset sales unfounded, the latest step in a long-running dispute between two of Russia’s biggest metals firms.
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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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Eramet reaches agreement to continue SLN’s New Caledonia operations
French mining group Eramet said on Wednesday it had reached an agreement with the French government to continue its subsidiary SLN’s mining operations in New Caledonia’s Northern Province.
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US, EU set to miss critical minerals agreement this week
A US and European Union push to reach an accord on fostering critical mineral supply chains is set to miss another target this week, according to people familiar with the discussions.
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Vale divestment in Indonesian nickel unit expected to finish in July
Indonesia’s mining minister on Wednesday said divestment of Vale Canada Ltd and Sumitomo Metal Mining Co. Ltd’s shares in their nickel miner unit Vale Indonesia is expected to conclude in July.
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Indonesia’s Antam to start building new nickel smelter, HPAL plant in 2025
Indonesian state-controlled miner Aneka Tambang (Antam) aims to launch the construction of two nickel processing facilities next year under its partnership with China’s Ningbo Contemporary Brunp Lygend Ltd (CBL).
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Wyloo says industry will turn from LME without green nickel
Nickel miner Wyloo, owned by Australian mining magnate Andrew Forrest, said that if the London Metal Exchange (LME) doesn’t launch a green nickel contract, the industry will have to look for another trading venue.
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AI can potentially estimate global environmental destruction due to road development for mining
Recent tests of an AI system showed that it can detect how poorly regulated road development for mining, logging and land clearing is triggering dramatic increases in environmental disruption.
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LME does not plan to launch green nickel contract
The London Metal Exchange (LME) does not plan to launch a “green” futures contract in nickel because the market for such a contract is not yet large enough, it said on Tuesday.
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Sibanye falls to $2 billion loss, weighs capital raise if metal prices worsen
Sibanye Stillwater on Tuesday reported a $2 billion annual loss and scrapped its final dividend, hurt by a slump in platinum group metal (PGM) prices that is forcing South African mining companies to restructure and cut jobs.
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Nickel may see deficit on Indonesia hurdles, Macquarie warns
The global nickel market could swing to a surprise deficit this year if growth in Indonesian output is constrained by slow mining permit approvals, according to Macquarie Group Ltd.
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Nickel-based electrode material opens doors to cobalt-free batteries
An international team of researchers has developed a nickel-based electrode material that opens new avenues to cobalt-free batteries for electric vehicles.
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Australia considers tax credit for minerals processing, says industry group
The Australian government is considering a tax credit for companies that build processing facilities to boost the value of green energy minerals such as nickel and lithium, the head of a mining industry association said on Wednesday.
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Nickel faces existential moment with half of mines unprofitable
Many of the world’s biggest nickel mines are facing an increasingly bleak future as they wake up to an existential threat: a near limitless supply of low-cost metal from Indonesia.
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MIND ID to acquire 14% stake in Vale Indonesia
Indonesia’s mining industry holding company, MIND ID, agreed on Monday to acquire a 14% stake in Vale Indonesia from Vale Canada and Japan’s Sumitomo Metal Mining, to become the top shareholder at one of the country’s largest nickel miners.
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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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Philippine tycoon says bigger mining areas key to riding EV boom
The Philippines should have bigger mines to encourage investment in the downstream sector, according to tycoon Manuel Pangilinan, who says the resource-rich Southeast Asian nation should take advantage of brisk demand for electric vehicles.
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