Mining Industry

Mining News Pro - Nickel prices in London slumped more than 8% on Thursday and prices of the metal in Shanghai dropped the most in nine months after a major deal by Chinese firm Tsingshan eased worries of battery-grade nickel supply shortages.

Mining News Pro - Turquoise Hill Resources (TSX, NYSE: TRQ) announced on Thursday that its chief executive officer Ulf Quellmann is leaving the company after majority-owner Rio Tinto told the Canadian miner that it planned to vote against his re-election at the annual shareholders’ meeting in May.

Mining News Pro - Domestic Chinese battery-grade lithium carbonate prices assessed by Benchmark Mineral Intelligence are on a tear in 2021 after bottoming out in the second half of last year, following a lengthy slump.

Mining News Pro - ioneer on Thursday announced plans for a A$60-million capital raise to accelerate construction of its Rhyolite Ridge lithium/boron project, in Nevada.

Mining News Pro - The Australian Government has reinforced the role it expects the critical minerals sector to play in the country’s future in its third road map for the national manufacturing priority list.

Mining News Pro - Pilbara Minerals has granted a works contract to SIMPEC for stage one improvements at the Pilgangoora lithium-tantalum project in Western Australia.

Mining News Pro - Eastern Platinum (Eastplats) produced 987 003 t of chrome concentrate in 2020 from its retreatment project at Barplats Mines, at the Crocodile River Mine property, in North West.

Mining News Pro - Despite Covid-19-related global economic challenges and uncertainty, African Rainbow Minerals (ARM) on Wednesday reported record headline earnings of R5 039-million for the six months to December 31.

Mining News Pro - Newcrest Mining chief executive Sandeep Biswas has observed increasing market interest in the company’s copper assets, saying the base metal is a commodity of the future as much as gold.

Mining News Pro - Rio Tinto plans to argue a $406.5 million tax bill from the Australian Taxation Office following its denial of reductions in interest from money borrowed in 2015

Mining News Pro - The copper price touched an intra-day high of $4.37 a pound last Thursday, not far off its all-time record of $4.58 a pound or more than $10,000 a tonne struck in February 2011. Earlier in the week nickel also reached levels last seen in 2011, trading at $19,689 on the LME.

Mining News Pro - Spending on exploration in global minerals powerhouse Australia rose in the December quarter to its highest in over seven years as prospectors stepped up their activity to meet strengthening global demand.

Mining News Pro - Rio Tinto and the Mongolian government are said to have reached a new agreement governing the $6.75 billion expansion of the vast Oyu Tolgoi copper-gold mine in the Gobi Desert.

Mining News Pro - Phoenix Gold has entered into an option agreement to acquire a past producing copper and zinc mine in Newfoundland.

Mining News Pro - Expansion at an Australian lead and zinc mine run by miner Glencore puts at risk several sacred Aboriginal sites including a historical quarry, the head of a Northern Territory oversight authority told an Australian inquiry on Tuesday.

Mining News Pro - Tesla chief executive Elon Musk has declared nickel supply as a major concern for the company’s battery production, which could impact future deals with Australian nickel miners.

Mining News Pro - Barrick Gold Chief Executive Mark Bristow said on Monday that a combination with copper miner Freeport McMoRan “had a lot of logic to it” even though a deal between the companies did not pan out.

Mining News Pro - US-based engineers have joined forces to develop high-voltage reference batteries for behind-the-meter energy storage applications, based on a bipolar technology that uses silicon wafers in traditional lead batteries.

Mining News Pro - Mexico`s large mining sector will likely see some recovery this year after 2020`s pandemic-induced slump, but a key industry leader said he fears rising political risk will drag down growth as companies focus new investments elsewhere.

Mining News Pro - Executives at Brazil`s Vale, the world`s second largest iron-ore producer, said premiums for the commodity were at a "unique moment" and that they were also confident regarding the trajectory of copper in 2021.

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