Keyword: "ev"

Mining News Pro - Clay mining aspirant WA Kaolin is one of the latest companies to float on the ASX, raising $22 million to fund the development of the Wickepin kaolin project.

Mining News Pro - Evolution Mining chairman Jake Klein is optimistic that gold will remain robust in the long term despite prices dipping following positive news towards the development of a COVID-19 vaccine.

Mining News Pro - Nevada Copper is making progress to secure additional financing for its ramp-up operations heading into 2021. The company has agreed to non-binding terms with its senior lender, KfW IPEX-Bank, for a new $15 million loan with a three-year tenor at an interest rate of LIBOR plus 4.9%.

Mining News Pro - Mexico may soon bring back plans to create a nature reserve in Zacatecas, the country’s top silver producing state, after local authorities asked the federal government to approve a 2014 decree protecting wildlife.

Mining News Pro - Brazil’s lower house has created a special commission to evaluate talks between Vale and Minas Gerais state officials over compensation for the Brumadinho tailings dam collapse.

Mining News Pro - Instability in Zimbabwe caused by a spike in violence in the country’s gold mining sector over the last year, has eroded the export revenue that President Emmerson Mnangagwa’s government “urgently needs to keep the country’s struggling economy afloat,” independent nongovernmental organisation Crisis Group senior consultant for Southern Africa Piers Pigou laments.

Mining News Pro - Rio Tinto has committed 30 million yuan ($4.5 million) in funding to support projects at the Tsinghua-Rio Tinto Joint Research Centre for Resources, Energy and Sustainable Development.

Mining News Pro - Barrick and Sandvik have entered a partnership agreement for trialing and enhancing battery-electric vehicles (BEVs) for underground hard-rock mining.

Mining News Pro - Metal Index, which tracks the value of battery metals in newly registered passenger EVs (including hybrids) around the world surged to an all-time high in September, rebounding from two-year lows struck at the height of the pandemic in April.

Mining News Pro - Struggling Petra Diamonds (LON: PDL) reported on Tuesday a 36% fall in revenue and a net loss of $223 million (168.7 million pounds) for the year ended June 30, as the pandemic deepened the company’s financial woes.

Mining News Pro - Minister of industry, mine and trade believes that Iran needs 5 million tons of steel coils every year and development projects in Mobarakeh Steel company will accelerate the process.

Mining News Pro - To increase local manufacturing and the attractiveness and awareness thereof, the Mandela Mining Precinct (MMP) and the Mining Equipment Manufacturers of South Africa (Memsa) have launched the Technology Availability and Readiness Atlas (Tara).

Mining News Pro - Caledonia Mining, which operates the Blanket mine, in Zimbabwe, recorded a gross profit of $12.5-million in the third quarter of the year – a 47% increase on the $8.5-million gross profit for the corresponding period of 2019.

Mining News Pro - An extremely rare, purple-pink diamond mined in Russia, which Sotheby’s described as “a true wonder of nature”, sold for $26.6 million Swiss francs ($29 million) on Wednesday, the auction house said.

Mining News Pro - Canada’s Search Minerals and USA Rare Earth announced Tuesday that they have entered into a technical collaboration framework agreement to govern initial cooperation to advance the development of the mineral resources held by each company.

Mining News Pro - Bellevue Gold has recorded more high grade results at its namesake project in Western Australia, catapulting its resource to more than one million ounces.

Mining News Pro - Ivanhoe Mines (TSX: IVN) announced on Monday that overall development of the Kakula copper mine in the Democratic Republic of Congo (DRC) is more than 58% complete, with first concentrate from the initial 3.8-million-tonnes-per-annum (Mtpa) concentrator plant on track for July 2021.

Mining News Pro - With most major mining assets back up and running after coronavirus-related stoppages earlier this year, and amidst strong commodity prices, Franco-Nevada has reported record third-quarter financial results. These include new records in revenues recorded, at $279.8 million, adjusted EBITDA, which hit $235.1 million, and net income, at $153.9 million.

Mining News Pro - Swick is set to expand its markets by developing large underground mobile drills as part of its drilling business.

Mining News Pro - The rough diamond market is starting to show some positive momentum, with prices having recovered close to pre-Covid levels from the lows seen during the peak of the pandemic, Canadian miner Mountain Province CEO Stuart Brown said on Wednesday.

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