Mining Industry

Mining News Pro - Nickel Mines has successfully completed the institutional component of its A$364-million equity raising.

Mining News Pro - Horizonte Minerals reports that the Araguaia nickel project, in Brazil, is steadily moving towards construction, with the company having completed the value engineering phase.

Mining News Pro - The world’s top producer of refined nickel and palladium is dealing with the aftermath of a devastating Arctic fuel leak that resulted in a record $2 billion levy. It’s among the biggest emitters of acid rain-causing sulfur dioxide. Yet Russian mining giant MMC Norilsk Nickel PJSC spent much of its time with investors this week talking up its green efforts and climate goals. To attain them, it plans to spend $5.5 billion-plus, as part of a broader $27 billion, 10-year investment blueprint.

Mining News Pro - Copper production must double in the next 30 years to meet demand driven by global trends towards decarbonisation and electrification, a senior BHP executive said on Thursday.

Mining News Pro - Northern Dynasty Minerals said on Thursday its unit, Pebble Partnership, was preparing an appeal after the U.S. Army Corps of Engineers denied a key water permit for the proposed Alaska mine.

Mining News Pro - Glencore Plc, the world’s biggest supplier of cobalt, has extended its supply agreement with battery maker GEM Co., allowing the Chinese company to secure supply of the crucial metal until the end of the decade.

Mining News Pro - BMO Capital Markets says that a surge in the price of Chinese rare earth metals in November is a reflection of the geopolitical tensions between that country and the developed world.

Mining News Pro - OZ Minerals has increased the production rate at the Carrapateena copper-gold mine in South Australia, achieving a planned ramp up ahead of schedule.

Mining News Pro - Glencore will supply cobalt to Chinese battery manufacturer Green Eco-manufacture Hi-tech (GEM) for an additional five years after expanding their partnership.

Mining News Pro - The cost of battery cells used for electric vehicles has fallen to an average of $110/kWh, making such cars competitive with those using internal combustion engines (ICE), according to Benchmark Mineral Intelligence (BMI).

Mining News Pro - Diversified mining and marketing company Glencore has extended its partnership with GEM of China for the supply of cobalt hydroxide by another five years.

Mining News Pro - Chile’s Codelco, the world’s largest copper miner, said on Wednesday it expected to spend $210 million before year-end to ensure all its divisions comply with the latest health protocols designed to stop the spread of covid-19.

Mining News Pro - Investors aren’t the only ones growing more bullish on copper.

Mining News Pro - A new research note from battery supply chain specialist and price reporting agency, Benchmark Mineral Intelligence, has a warning for carmakers about the direction of battery prices used in electric vehicles – that they won’t fall indefinitely.

Mining News Pro - Western Areas has progressed construction at the Odysseus nickel mine in Western Australia and expects to mine the first tonnes from the site in the 2021 September quarter.

Mining News Pro - Chalice Gold Mines has raised $100 million to prop up its development activities at the Julimar nickel-copper-PGE (platinum group elements) project in Western Australia.

Mining News Pro - The bull market for copper is now fully underway with prices reaching their highest level since 2017, Goldman Sachs International commodities research analysts reported on December 1.

Mining News Pro - Russia’s Norilsk Nickel will sell slightly less nickel and palladium than it produces in 2020 as the Covid-19 pandemic reduced industrial demand, the world’s leading producer of the two metals told Reuters.

Mining News Pro - Pilbara Minerals said on Tuesday it has agreed to buy the lithium assets of troubled peer Altura Mining Ltd for $175 million, in further sector consolidation that suggests a two-year bear market may be turning around.

Mining News Pro - The Trump administration is tapping an Energy Department clean-energy loan program it tried to kill to help uranium producers as well as miners of other minerals deemed critical by the administration.

In Picture