Antofagasta’s profit slumps on rising costs

Mining News Pro - Antofagasta posted a fall in half-year profit on Thursday, as higher costs, lower grades and a persistent drought in Chile hit the miner’s copper production.

Canadian government sued by environmental groups over 20 oil and gas “sleeper” permits

Mining News Pro - Two environmental groups are suing the Canadian federal government over 20 oil and gas “sleeper” exploration permits originally granted off the coast of British Columbia in the late 1960s and 1970s.

Steelmaker Voestalpine builds up gas reserve to tackle shortfalls

Mining News Pro - Voestalpine has built up sufficient gas reserves to safeguard three months of production should there be an emergency hit to supplies, the Austrian steelmaker’s chief executive said in an article published on Saturday.

Ten financial actors own half of the world’s oil, gas, coal emissions

Mining News Pro - Ten financial actors with the most influence on the fossil fuel economy own 49.5% of potential emissions from the world’s largest energy firms, a recent study has found.

Kenorland Minerals options Alaska copper project to Antofagasta

Mining News Pro - Canadian junior Kenorland Minerals (TSX-V: KLD) has inked an earn-in agreement with Antofagasta (LON: ANTO) that gives the Chilean miner an option to acquire a 70% interest in the Tanacross copper-gold project in Alaska.

Electronic nose closer to detecting multiple toxic gases simultaneously

Mining News Pro - Researchers at Penn State University have developed an environmental sensor that is one step closer to simultaneously sniffing out multiple gases that could indicate disease or pollution. Such features may be lifesaving in a number of industries, including mining.

Germany warns of Lehman-like contagion from Russian gas cuts

Mining News Pro - Germany warned that Russia’s moves to slash Europe’s natural gas supplies risked sparking a collapse in energy markets, drawing a parallel to the role of Lehman Brothers in triggering the financial crisis.

Germany is taking steps to bolster gas supplies, Habeck says

Mining News Pro - The German government will step up efforts to bolster gas storage levels after Russia reduced flows in a move Economy Minister Robert Habeck said was intended to unsettle energy markets.

Antofagasta sees full-year production at bottom end on Los Pelambres issues

Mining News Pro - Chilean miner Antofagasta said on Wednesday that expects full-year copper production to be at the bottom end of ts previous guidance of 660-690,000 tonnes, following operational issues at its flagship Los Pelambres mine in the home country.

Antofagasta provides resource estimates for Encierro, Cachorro deposits in Chile

Mining News Pro - During the 2022 Prospectors and Developers Association of Canada (PDAC) conference in Toronto, Chilean multinational Antofagasta plc announced the inaugural resource estimate on the Encierro project and a resource update on the Cachorro project.

Key EU Parliament groups reject green label for gas, nuclear

Mining News Pro - Two crucial committees of European lawmakers rejected plans to label gas and nuclear power as green, marking a win for climate campaigners and environmentally conscious investors who have protested against plans to use the technologies in the energy transition.

Entire rare earth metals family could help address acid gas pollution

Mining News Pro - Materials that can be made from the entire family of rare earth metals may be the key to addressing nitrogen dioxide and sulphur dioxide (NO2 and SO2) pollution, which is responsible for acid rain.

The price for Europe to wean off Russian gas keeps going up

Mining News Pro - Europe’s ambitious timetable for building its way out of a dependence on Russian energy faces potential delays and billions of dollars in extra costs as the war in Ukraine makes steel, copper and aluminum scarce and more expensive.

Is a Madagascan mine the first to offset its destruction of rainforest?

Mining News Pro -Researchers say the island’s biggest mine is on track to achieve no net loss of forest but that ‘there remain important caveats’

Madagascar’s Ambatovy mine on track to deliver ‘no net loss’ of surrounding forest

Mining News Pro - Recent research led by Bangor University found that Sumitomo’s Ambatovy cobalt-nickel mine in eastern Madagascar is on track to deliver ‘no net loss’ of the unique forest habitat destroyed by the operation.

Germany may extend coal use to replace Russian gas

Mining News Pro - Germany is getting ready to prolong the use of coal as the country seeks to reduce its reliance on Russian energy in the aftermath of Moscow’s invasion of Ukraine.

Antofagasta profit, dividend hit records on soaring copper prices

Mining News Pro - Antofagasta saw profits surge to the highest ever last year on soaring copper and molybdenum prices, allowing it to pay the biggest dividend in the Chilean miner’s 134-year history.

Appea calls for gas incentives ahead of federal budget

Mining News Pro - The Australian Petroleum Production and Exploration Association (Appea) has called on the Australian government to encourage continued investment in secure, cleaner energy.

Biden administration kills Antofagasta’s Minnesota copper project

Mining News Pro - The U.S. Department of the Interior canceled two mineral leases for Antofagasta Plc’s proposed Twin Metals copper and nickel mine in Minnesota on Wednesday, effectively killing the project and handing a major win to environmentalists.

Antofagasta agrees to copper charges with some Chinese smelters

Mining News Pro - Chilean miner Antofagasta PLC has agreed to supply copper concentrate to some Chinese smelters at treatment and refining charges (TC/RCs) of $65 a tonne and 6.5 cents per lb next year, two sources with knowledge of the matter said.

Gensource Potash bags synergistic Tugaske project in Saskatchewan

Mining News Pro - Gensource Potash has increased its potash asset base by purchasing an additional 7,244 hectares at C$14.26 per hectare of land directly abutting its Tugaske project in southwest Saskatchewan, providing it with a potential new project.

Mining giant Antofagasta ‘concerned’ by rising political polarization in Chile

Mining News Pro - Chile’s Antofagasta, one of the world’s largest copper producers, said on Saturday it was “concerned” by rising political uncertainty in the Andean country, which is set for a polarized presidential election this weekend.

Antofagasta to appeal US plan to block Twin Metals copper mine

Mining News Pro - Antofagasta Plc said on Wednesday it would ask U.S. officials to reconsider a proposed 20-year ban on mining in Minnesota’s Boundary Waters region, a plan announced last week that would block its Twin Metals copper and nickel project.

How lithium can be efficiently extracted from oil and gas wastewater

Mining News Pro - New research published in the journal Proceedings of the National Academies of Sciences proposes the idea of rapidly extracting lithium from contaminated water.

Sewer gas could be used to produce clean hydrogen fuel

Mining News Pro - A recent study published in the journal ACS Sustainable Chemical Engineering makes the case for producing hydrogen fuel from hydrogen sulphide, a highly toxic, corrosive and stinky substance commonly called sewer gas.

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