Australian lithium producer to sell online in transparency push
Australian miner Mineral Resources Ltd. will use a digital trading platform to sell parcels of spodumene concentrate, a lithium-bearing mineral, in an effort to bring transparency to the market.
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Alcoa to buy Australian partner Alumina in $2.2bn all-stock deal
Alcoa will buy Alumina in an all-stock deal that values the Australian firm at $2.2 billion, and makes the US company one of the world’s largest producers of alumina and bauxite.
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Alcoa bids $2.2 billion for Australian partner to control assets
US aluminum producer Alcoa Corp. made a $2.2 billion offer to acquire its Australian joint-venture partner Alumina Ltd. to consolidate ownership of key upstream assets with long-term demand for the metal forecast to rise.
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Visit: 115
Australian lithium stocks rally on speculation of China mine closure
Australian lithium stocks rallied on Monday on speculation that Chinese battery maker CATL had closed its Jianxiawo mine in China that produces the material used in electric vehicle batteries.
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Australian gold miner Red 5 to acquire Silver Lake Resources
Australian gold miner Red 5 will takeover rival Silver Lake Resources to build a mid tier gold company valued at $1.5 billion, the two companies said in a joint statement on Monday.
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Australian mining group pushes govt for tax credit as lithium, nickel prices slump
An Australian mining association has called for a new production tax credit during meetings with senior ministers called as nickel and lithium miners curtail projects and review new mines in response to a global slump in prices.
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Australian tycoon Forrest shuts nickel mines after prices crash
Wyloo Metals Pty Ltd., the private nickel producer owned by billionaire Andrew Forrest, is shutting down its Western Australian mines due to a sharp slump in prices for the key transition metal.
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AustralianSuper swoops on lithium stocks after price plunge
Australia’s largest pension fund plans to double its exposure to local lithium stocks over the next five years, after a price rout made producers of the key battery material more affordable.
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Record resources deals rescue a dim year for Australian bankers
Mining News Pro - Energy and mining deals have dominated Australia’s dealmaking scene like never before this year.
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Australian company revives its push for a controversial coal mine in Alberta
Mining News Pro - A company whose application for a coal mine in Alberta was rejected two years ago is back – with a new name, and an updated request to explore its lease in the eastern foothills of the Rocky Mountains.
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Australian miner signs deal with science agency to recover vanadium
Mining News Pro - Tivan Ltd. has signed a long-term deal with the Australian government’s science agency in a bid to develop critical minerals processing technology designed to bolster the recovery of vanadium.
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Livent starts Australian campaign for $10.6bn Arcadium Lithium merger
Mining News Pro - US lithium major Livent will begin meeting Allkem Australian investors from Monday ahead of a vote next month to approve a $10.6 billion merger that would form the world’s third-largest producer amid weakening demand and prices for lithium.
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Giant lithium deal collapses after Australian billionaire Rinehart steps in
Mining News Pro - Lithium giant Albemarle Corp. has walked away from its A$6.6 billion ($4.2 billion) takeover of Liontown Resources Ltd., after Australia’s richest woman built up a blocking minority and effectively scuppered one of the largest battery-metals deals to date.
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Australian coal miner’s plans may double its methane emissions
Mining News Pro - Whitehaven Coal Ltd.’s plans to expand its mining operations could double the Australian company’s methane emissions by the end of this decade, according to an analysis from energy think tank Ember, undermining the nation’s global climate commitments.
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China buys more Australian coal as appetite for quality builds
Mining News Pro - Australian coal continues to make inroads among Chinese buyers, adding to pressure on domestic prices, with new shipments climbing to their highest level since Beijing halted imports in the fall of 2020.
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Visit: 179
Severe Australian cyclone set to dump rain on big gold mine
Mining News Pro - Newcrest Mining Ltd.’s Telfer gold mine is expected to get a deluge of heavy rain later this week after the biggest cyclone to hit the Western Australian coast in almost a decade makes landfall.
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Australian startup Recharge to buy failed Britishvolt
Mining News Pro - Australian startup Recharge Industries, which is building a lithium ion cell factory at home, is set to buy Britishvolt, a UK company that collapsed last month after struggling to fund a major electric vehicle (EV) battery recycling plant in northern England.
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Tianqi, IGO to buy Australian lithium junior Essential Metals
Mining News Pro - Tianqi Lithium Energy Australia, a joint venture between Tianqi Lithium and IGO Ltd, has made a A$136 million ($94m) bid to acquire lithium explorer Essential Metals as part of the partners’ plan to expand their footprint into Western Australia.
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Glencore scraps $1.3 billion Australian coal project
Mining News Pro - Peers including BHP (ASX: BHP) and Rio Tinto (ASX: RIO) are in the midst of a transformation away from carbon-emitting fossil fuels in favour of minerals necessary in the low-carbon energy transition, such as copper, nickel, lithium and cobalt.
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Visit: 349
Glencore scraps giant Australian coal project on net-zero goals
Mining News Pro - The company won’t develop the A$2 billion ($1.3 billion) Valeria project in Queensland’s Bowen Basin, it said Thursday. The site would have produced about 20 million tons of coal a year, and been a major source of global carbon dioxide over its 37-year lifetime.
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Tech start-ups tap into Australian minerals sector’s need to decarbonise
Mining News Pro - Founder of energy-saver Plotlogic says industry is ‘posturing’ over plans to be more efficient
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Australian mining magnate Forrest calls for ban on seabed mining
Mining News Pro - Forrest said the Minderoo Foundation, which he and his wife Nicola fund with the dividends they get from Fortescue, will back a pause until there’s sufficient evidence that damage to ocean environments can be prevented.
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Rio Tinto ousts Australian uranium unit directors over contentious report
Mining News Pro - Rio Tinto on Monday ousted the chairman and two other board directors at its uranium unit, a key victory in a dispute over potential mining in Australia’s Kakadu national park that had threatened its efforts to rebuild ties with indigenous groups.
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Rio Tinto, China Baowu to develop Australian iron ore project for $2bn
Mining News Pro - Rio Tinto Ltd said on Wednesday it would team up with its biggest customer China Baowu Steel Group to develop an iron ore project in Western Australia for $2 billion as it looks to prop up its production from the Pilbara region.
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Visit: 608
Glencore faces Australian challenge over net-zero strategy
Mining News Pro - Environmental lawyers ClientEarth said on Thursday they were supporting a complaint filed in Australia against Glencore alleging the miner and trader could be misleading investors and the public over its climate strategy.
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