Battle for Noront heats up with BHP’s sweetened offer

Mining News Pro - BHP opened Wednesday a new chapter on a months-long battle with Wyloo Metals over nickel-copper miner Noront Resources (TSX-V: NOT) by sweetening its all-cash bid for the Canadian company.

US plan would block Minnesota copper-nickel mine

Mining News Pro - The U.S. Forest Service on Wednesday proposed a 20-year ban on mining in Minnesota’s Boundary Waters region, a step that would block Antofagasta Plc’s Twin Metals copper and nickel mine project.

Indonesia plans to ‘hit the brakes’ on raw commodity exports

Mining News Pro - Indonesia is planning to “hit the brakes” on the export of all raw commodities in an effort to attract investment in onshore resource processing and create jobs, President Joko Widodo said on Tuesday.

Pallinghurst to beef up EV battery metal business with stake in Talon Metals

Mining News Pro - Mining investor Pallinghurst Group will acquire a 19.2% stake in electric-vehicle battery metal miner Talon Metals Corp for about $80.2 million, as it looks to tap the opportunity arising from growing demand for EVs to cut carbon emissions.

Nickel price shrugs off Vale Onça Puma halt after court order

Mining News Pro - Vale reported on Monday that it has once again halted operations at its Onça Puma nickel mine after the state of Pará, Brazil, obtained a court order to reinstate the suspension of the venture’s operating license.

Peru community says will block key mining road used by MMG’s Las Bambas mine

Mining News Pro - A Peruvian community will block a key mining road used by MMG’s Las Bambas copper mine in protest after failed negotiations with the Andean nation’s government, a community leader told Reuters on Monday.

Thiel-backed Canadian lithium junior said to prepare Nasdaq listing

Mining News Pro - Rock Tech Lithium Inc. is preparing a Nasdaq listing to broaden its investor base and help finance a $545 million battery-metals plant in Germany near sites of key suppliers and customers including Tesla Inc. and BASF SE, according to people familiar with the matter.

Copper price surges through $11,000 on supply squeeze

Mining News Pro - Copper price continued to rally towards record highs on Tuesday as signs of extremely tight supply outweighed concerns that slowing growth in China will impact demand.

WA resources confidence contradicts skills concerns

Mining News Pro - The Western Australian resources sector is more concerned about skilled labour shortages than any other sector, according to the Chamber of Commerce and Industry WA (CCIWA).

What the energy transition may bring for five battery metals

Mining News Pro - ING Economics published a new report in which its experts predict what the ongoing energy transition might bring for five key metals – copper, aluminum, nickel, cobalt, and lithium.

Barrick’s gold output rises nearly 5% sequentially on Argentine mine boost

Mining News Pro - Barrick Gold on Thursday reported a nearly 5% rise in third-quarter gold production from the previous three months, as output jumped at its Veladero mine in Argentina.

South32 buys stake in KGHM’s Chilean mine for $1.55bn

Mining News Pro - Australia’s South32 has acquired almost half of the vast Sierra Gorda copper mine in northern Chile, majority-owned by Polish miner KGHM for $1.55 billion.

Chile to open 400,000 tonnes of lithium reserves up for exploration

Mining News Pro - Chile will open a tender for the exploration and production of 400,000 tonnes of lithium in an effort to reclaim market share and meet growing demand for the metal used in electric vehicles and high-tech devices.

Turquoise Hill says Oyu Tolgoi needs another $1.2 billion funding

Mining News Pro - Vancouver-based Turquoise Hill Resources said on Thursday the estimated additional funding required for the Oyu Tolgoi copper mine in Mongolia was now $1.2 billion higher than previously expected.

Big miners reconsider Congo, Zambia risks as copper price surges

Mining News Pro - Major mining companies are looking to invest in countries they previously considered too risky, including Democratic Republic of Congo and Zambia, propelled by a dwindling pipeline of big copper mines elsewhere and record-high prices.

South Africa needs to ramp up critical minerals exploration as world decarbonises

Mining News Pro - The South African mining sector can remain internationally competitive and support socioeconomic development only if it drives decarbonisation and adapts to the global shift in commodity demand towards minerals used in green sectors such as renewable electricity and electric vehicles (EVs), a new study shows.

Copper surplus on the horizon, but will it come in time?

Mining News Pro - The global refined copper market will be roughly balanced between supply and demand this year before moving into significant supply surplus in 2022.

Sumitomo to sell Chilean copper mine stakes to South32 for around $1.5bn

Mining News Pro - Japan’s Sumitomo Metal Mining and Sumitomo Corp agreed to sell their stakes in the Sierra Gorda copper mine in Chile to Australian miner South32 Ltd for around $1.5 billion, the companies said on Thursday.

Copper price surges to 2-month peak, shaking off China concerns

Mining News Pro - The global energy crisis that has led to power shortages and factory slowdowns did not stop copper prices from rallying to their highest levels since the beginning of August.

Big miners reconsider Congo, Zambia risks as copper price surges

Mining News Pro - Major mining companies are looking to invest in countries they previously considered too risky, including Democratic Republic of Congo and Zambia, propelled by a dwindling pipeline of big copper mines elsewhere and record-high prices.

Tesla inks multi-year nickel supply deal with Prony Resources

Mining News Pro - Electric vehicle giant Tesla (NASDAQ: TSLA) has inked a multi-year nickel supply deal with New Caledonia’s Prony Resources, which guarantees the US carmaker about 42,000 tonnes of the metal needed to produce the batteries that power its EVs.

Zinc price hits 14-year high as Nyrstar cuts output

Mining News Pro - Zinc prices climbed to their highest level since 2007 on Thursday on supply concerns after producer Nyrstar announced a plan to cut its output due to high power prices in Europe.

Europe's carmakers face raw material bottleneck for EV batteries

Mining News Pro - Major carmakers like Volkswagen, Daimler and Stellantis have been racing to secure battery cell supplies in Europe, but may face a bigger challenge as they seek to go electric - finding enough battery raw materials.

New Caledonia's Prony to supply nickel to Tesla in multi-year deal

Mining News Pro - Prony Resources said on Wednesday Tesla had agreed to purchase around 42 000 t of nickel in a multi-year deal - a pact that is set to make the New Caledonian miner a key supplier of the metal to the US electric car maker.

Taseko reports ‘significant’ production increase at Gibraltar in Q3, shares up

Mining News Pro - Taseko Mines announced on Tuesday that its Gibraltar mine produced 34.5 million lb of copper plus 600,000 lb of molybdenum in the third quarter of 2021, representing increases of 29% and 50%, respectively, over Q2 2021.

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