Australia earmarks $550m for Arafura rare earths project
Australia will provide up to A$840 million ($550 million) for the first combined rare earths mine and refinery in the country’s Northern Territory, owned by Arafura Rare Earths, Prime Minister Anthony Albanese said on Thursday.
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Russian diamond ban creates costly delays, Antwerp diamond dealers say
Antwerp’s diamond dealers face long and costly delays following an EU ban on Russian-origin diamonds that took effect on March 1 and has slowed imports, they say in a letter seen by Reuters.
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Polish court allows Turow coal mine to stay open for now
A Polish coal mine near the Czech border will be able to continue operating for now, the state news agency PAP reported on Wednesday, following the latest in a series of contradictory court rulings.
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Activist Tribeca asks Glencore to move main listing to Sydney
Activist investor Tribeca Investment Partners has called on Glencore to shift its primary listing from London to Sydney and abandon a plan to spin off its profitable coal business, the Financial Times reported on Wednesday.
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Liontown secures millions for Kathleen Valley
Liontown Resources has entered into a $550 million debt facility agreement to fund the development of its Kathleen Valley lithium project in Western Australia.
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Visit: 67
Core Lithium CEO steps down following strategic review
Core Lithium produced 49,529 tonnes (t) of spodumene concentrate during the first half of the 2023–24 financial year (H1 FY24), amid the global lithium downturn and the resignation of its chief executive officer (CEO).
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Syrah Resources to raise $65m for Mozambique, US projects
Australia’s Syrah Resources said on Wednesday it would raise A$98 million ($64.73 million) through a placement and an entitlement offer for funding its Balama graphite operations in Mozambique and its US-based Vidalia project.
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Former Vale board member claims political influence in CEO succession
A former board member for Brazilian miner Vale said his decision to step down on Monday came after the firm’s succession process was conducted in a “manipulated manner,” according to his resignation letter seen by Reuters on Tuesday.
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Indonesia understates methane emissions from mining, report says
Methane emissions from Indonesia’s expanding coal mining sector are significantly underreported, jeopardizing the nation’s international climate commitments, according to new analysis from energy think tank Ember.
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US, Canada, Indigenous groups to collaborate on reducing river pollution from BC coal mines
The United States and Canada announced Monday they have agreed to cooperate to reduce and mitigate the impacts of water pollution from coal mines originating in British Columbia’s Elk-Kootenay watershed.
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African Rainbow pauses Bokoni mine expansion plan after H1 profit fall
African Rainbow Minerals (ARM) said on Friday it was deferring plans to expand output at its Bokoni mine due to low platinum group metal (PGM) prices after reporting a 43% drop in its half-year profit.
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BHP becomes first miner in Chile to exceed 40% female representation
BHP, the world’s largest miner, has come a long way in the matter of female representation in its workforce, particularly in Latin America, becoming this year the first mining company in Chile in which women account for 40.8% of its staff.
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China coal group says peak demand imminent as clean power grows
China is rapidly approaching peak coal consumption, but the fossil fuel’s role in helping to address energy security concerns means its use will plateau for some time after that, according to the nation’s top industry association.
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Brazil’s CSN net profit soars on mining performance
Brazilian steelmaker and mining group CSN’s net profit jumped by more than fourfold in the fourth quarter, sending its shares higher on Thursday on the back of a solid performance in its mining business.
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Australia and Vietnam upgrade relations, to begin talks on critical minerals
Australian Prime Minister Anthony Albanese said on Thursday the country was raising ties with Vietnam to the level of a comprehensive strategic partnership, with an annual dialogue on minerals amid a push to diversify supply chains away from China.
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Platinum deficit in 2024 to be deeper than expected – WPIC
A global platinum deficit in 2024 will be deeper than previously expected as mines hit by low prices for palladium and rhodium cut supply, the World Platinum Investment Council (WPIC) said, adding there were risks mine supplies could fall even further.
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Platinum’s worst crisis in decades hits jobs in South Africa
South Africa’s platinum producers are in crisis, as slumping metal prices force jobs cuts and erode profits.
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Graphjet Technology advances production timeline at Malaysia manufacturing plant
Graphjet, a developer of patented technologies to produce graphite and graphene directly from agricultural waste, announced Monday it has accelerated the timeline for its planned manufacturing plant in Malaysia.
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Debswana diamond sales down 25.1% in 2023 on weak demand
Debswana Diamond Company’s sales of rough diamonds fell 25.1% in 2023, data released by Botswana’s central bank late on Thursday showed, as an economic slowdown hit demand for luxury items in the U.S. and China and competition from lab-grown gems increased.
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New US sanctions more likely to curb Indian imports of Russian coal
New US sanctions on Moscow are more likely than previous ones to cut Indian imports of thermal coal from Russia because they specifically cite top exporters SUEK and Mechel, three major traders of Russian coal said.
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US Steel takeover’s fate may hang on the words of a union boss
David McCall has a once-in-a-generation opportunity to do right by America’s industrial workers, and he’s ready to seize the moment.
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Impala Platinum considers mine closures after profit slump
Impala Platinum could shut some loss-making South African mining operations if metal prices deteriorate further and restructuring efforts fail to improve margins, chief executive Nico Muller said.
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Chinese outbound investment in EVs likely set new record in 2023
Chinese outbound foreign direct investment along the electric vehicle value chain likely set a new record in 2023, a report from Rhodium Group showed, as western economies step up scrutiny of China’s production-focused, debt-driven development model.
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Syrah Resources inks offtake deal with Posco Future M
Australia’s Syrah Resources said on Friday it will supply natural graphite product from its Balama graphite operations in Mozambique to South Korean chemical and battery material maker Posco Future M.
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Canada Rare Earth sets up supply operations in the DRC
Canada Rare Earth Corp. (TSXV: LL) announced it has established rare earth supply operations in the Democratic Republic of Congo (DRC) through its wholly owned subsidiary Simba Essential Minerals.
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Visit: 41