Lundin Energy exploring sale of $10 billion Nordic oil producer

Mining News Pro - Nordic oil producer Lundin Energy AB is exploring a potential sale that could rank as one of the largest European oil and gas deals in years, people with knowledge of the matter said.

In race to net zero, being small or diverse foils metal makers

Mining News Pro - A look at the underachievers in a new decarbonization ranking of metal producers shows size, location and metal type all matter, while diversification has its downside.

Technology to transform bauxite red mud into fertile soil nearly a reality

Mining News Pro - A new technology that could transform the bauxite residue known as ‘red mud’ into a soil-like material capable of hosting plant life is entering full-scale trials at alumina refineries in Queensland, Australia.

‘Very tight’ copper belies market turmoil, industry leader says

Mining News Pro - As investors weigh swirling macro-economic factors, market fundamentals for copper — a key metal in global construction and transportation — remain solid, according to an industry veteran.

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.

Canada’s oil patch heads for hospital triage with virus raging

Mining News Pro - Canada’s oil heartland of Alberta has been hit with its most dangerous Covid-19 wave, with hospital intensive care beds filling up so quickly that health professionals are preparing to make decisions about who lives and who dies.

Angola’s modest oil output goal reveals a truth on global supply

Mining News Pro - Want proof of how hard it is for some oil-producing countries to lift supply? Look no further than the west African nation of Angola.

China’s conflicting climate and economic goals roil commodities

Mining News Pro - China’s efforts to thread the needle between an often conflicting array of environmental, economic, social and geopolitical objectives are playing out in increasingly unpredictable global commodity markets.

Mobarakeh Steel Co. supply nearly 200 thousand tons of hot rolled coil in commodity exchange

Mining News Pro - Iran’s Industrial and Mining Commodity Exchange Market will be supplied by 199,980 tons of hot rolled coil by Mobarakeh Steel Company in August 30, 2021.

China goes from driver to brake for crude oil, iron ore and copper

Mining News Pro - China has switched from driving global demand for major commodities to being a drag on growth, with July’s customs data confirming the weakening trend for imports of crude oil, iron ore and copper.

From miners to big oil, the great commodity cash machine is back

Mining News Pro - Just over five years ago Anglo American was in deep trouble. The natural resources giant, beset by a collapse in commodity prices, scrapped its dividend and announced plans to close mines and cut thousands of workers.

Santos reports first oil from Van Gogh Phase 2

Mining News Pro - Oil and gas major Santos on Monday announced first oil from the Van Gogh Phase 2 infill development, with the first of three new production wells producing at the highest initial rate from an individual well in field history.

Quebec invests in gold developer Troilus

Mining News Pro - Advanced stage exploration and development company Troilus Gold has closed a C$11.5-million private placement with the government of Quebec, through Investissement Québec (IQ).

Jiangxi Copper to invest $1.8bn in making foil for batteries

Mining News Pro - Jiangxi Copper Co, one of China’s biggest copper producers, said it would invest 11.4 billion yuan ($1.76 billion) in a project to make 100,000 tonnes per year of copper foil for lithium batteries.

South African oil law seen unlikely to be approved until 2022

Mining News Pro - South Africa’s draft oil exploration and production law is unlikely to be finalized for at least another year, despite the government’s call for the legislation to be expedited.

Waste cooking oil powers ship from Singapore to South Africa for Anglo American

Mining News Pro - The use of sustainable biofuel to power a chartered capesize ship during a voyage from Singapore to South Africa has been successfully trialled as part of a decarbonisation initiative, Anglo American said on Tuesday.

Canada’s oil sands firms face pressure to spend on transition

Mining News Pro - Canada’s biggest oil sands producers are generating billions more in free cash flow in a faster-than-expected pandemic rebound, but taking a cautious approach to spending it that is disappointing environment-minded investors.

State oil firms risk wasting $400 billion as energy transition speeds up

Mining News Pro - National oil companies (NOCs) risk squandering $400 billion on expensive oil and gas projects over the next decade that may only break even if the world fails to meet the Paris climate goals, a non-governmental organisation said on Tuesday.

Was 2020 really so bad for oil?

Mining News Pro - If ever a year needed a shot of glass-half-full attitude, it’s 2020. I got it recently from an oil executive. Conversation turned inevitably to the pandemic and 10 million barrels a day of oil consumption — one in ten — going *poof*. Against which they offered this: Despite epic disruption, we still used 90 million barrels a day of the stuff. How’s that for describing the worst drop in oil demand ever?

Dixie stock up on discovery of gold-in-soil anomalies

Mining News Pro - Dixie Gold has received assay results and corresponding interpretation from its inaugural SGH soil sampling program conducted this fall at the Red Lake project in Ontario.

ESCO’s good performance in non-oil exports

Mining News Pro - ESCO’s performance in non-oil exports and return of exchange resources was remarkable so far this year and according to the chief executive, they could reach the capacity of 3.5 million tons of steel this year.

Oil sands win Wall Street favour after years in shale’s shadow

Mining News Pro - After years in the shadow of the US shale boom, the Canadian oil sands are emerging from 2020’s historic market crash with a slew of upbeat outlooks from Wall Street equity analysts.

Commodities hit 6-year high with recovery boosting oil, copper

Mining News Pro - The world’s commodities markets are staging a comeback as the global economy bounces back from the steepest downturn since the Great Depression.

Price of oil to increase, gold to remain high going into 2021

Mining News Pro - With the brent crude oil price continuing to rise in November, following reports of a second highly effective Covid-19 vaccine nearing emergency approval in the coming weeks, financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions) expects a sharper recovery in oil demand in 2021.

A new method to monitor soil stability at open-cast mines from space

Mining News Pro - Researchers from Germany and China are using data from the Sentinel 1 mission of the European Union’s Copernicus Earth observation program to monitor soil stability at open-cast mines.

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