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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

France’s $1.6 billion uranium deal with Mongolia faces delays

France said in October it wants to give landlocked Mongolia, which is situated between Russia and China, “the means to benefit from greater strategic sovereignty” in the face of “two extremely powerful neighbors.”

Sibanye-Stillwater, Heraeus team up to save palladium

Precious metals producer Sibanye-Stillwater (JSE: SSW)(NYSE: SBSW) has teamed up with metals trader and recycling company Heraeus Precious Metals to explore new uses for platinum-group metals (PGM), particularly palladium, in the hydrogen market.

Canadian graphite miner NMG scores deals with GM, Panasonic

Nouveau Monde Graphite inked on Thursday multi-year offtake agreements with General Motors and Panasonic Holdings, with both companies also vowing to invest in the Canadian miner to help it produce high-quality graphite in North America.

British Columbia rare earth project testing makes 50% TREO concentrates with 80% recovery

Defense Metals says metallurgical testing of samples from its Wicheeda rare earth project in British Columbia has shown that a 50% total rate earth oxide concentrate can be made. The recovery rate was 80%. The tests were carried out by SGS Canada.

NextSource to reach full production at Molo graphite mine by July

NextSource Materials said on Monday it planned to achieve nameplate capacity of 17,000 tonnes of concentrate per annum at its Molo graphite mine in Madagascar by July.

South African platinum industry could shed up to 7,000 jobs to cut costs

Restructuring of South Africa’s platinum group metals (PGM) industry in response to rising costs and falling prices could result in between 4,000 and 7,000 job cuts, the country’s Minerals Council said on Monday.

Lynas Rare Earths quits tie-up talks with MP Materials

Australia’s Lynas Rare Earths said on Monday confidential talks have ended with US-based MP Materials for a possible merger that industry sources said would have been difficult for the sides to agree on a value.

McClean Lake uranium mine in Canada to resume production

Denison Mines and joint venture partner Orano Canada said on Wednesday they will restart the McClean Lake mine, located in the uranium-rich Athabasca Basin in northern Saskatchewan, amid improving project and commodity economics.

China, in comic strip, warns of ‘overseas’ threats to its rare earths

China’s chief intelligence agency posted on social media a comic strip featuring foreign-looking characters secretly extracting rare earths, in a story portraying the country’s strategic metals under threat from covetous “overseas organisations”.

Uranium miners posed to extend gains on supply crunch

Uranium-mining stocks are poised to extend their red-hot run in 2024 as a supply crunch sends the price of the yellow metal even higher, according to Sprott, a commodities-focused investment manager.

As price parity beckons, substitution from palladium to platinum to wane

Mining News Pro - The rate at which platinum is displacing palladium in the manufacture of autocatalysts is slowing due to the sister metals approaching price parity, a trend which is likely to persist through this year, analysts said.

Norway just raised the stakes over deep sea mining

The Norwegian Parliament this week greenlit seabed mining exploration in the country’s territorial waters, a decision that contravenes the advice of government scientists and is set to intensify the global fight over strip-mining biodiverse deep ocean ecosystems.

Uranium miners surge on $500 million US enrichment push

Shares in uranium miners jumped globally after the US said it’s soliciting bids to boost domestic production of nuclear fuel in an effort to bolster national energy security.

US seeks to jumpstart production of higher-energy uranium now made in Russia

Mining News Pro - The US is seeking bids from contractors to help establish a domestic supply of a uranium fuel enriched to higher levels for use in a next generation of reactors, a fuel currently only available in commercial levels from Russia, the Department of Energy said on Tuesday.

Two-dimensional supercrystals harvest solar energy efficiently to produce hydrogen

Mining News Pro - An international team of researchers has developed a two-dimensional supercrystal that generates hydrogen from formic acid with the help of sunlight.

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