Canada introduces tougher security reviews of foreign investments
Canada has introduced tougher national security reviews of proposed foreign investments in sensitive sectors to enable it to quickly spot potentially problematic deals, the government said on Wednesday.
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Visit: 104
Liontown secures millions for Kathleen Valley
Liontown Resources has entered into a $550 million debt facility agreement to fund the development of its Kathleen Valley lithium project in Western Australia.
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Visit: 118
India launches second part of critical minerals auction worth $362 billion
India launched the second part of its critical minerals auction worth an estimated 30 trillion rupees (about $362 billion), the country’s mines minister, Pralhad Joshi, said on Thursday.
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Mexican mining sector balks at plan to ban open-pit mines
Mexican President Andres Manuel Lopez Obrador’s proposal to ban open-pit mining will generate uncertainty and curtail investment for the key sector, mining industry representatives said this week.
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Portuguese prosecutors seek to annul environment permit for Savannah lithium mine
Portuguese prosecutors have asked a judge to annul an environment permit for a lithium mining project being developed by London-based Savannah Resources, alleging various legal infringements, a court document seen by Reuters showed.
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Rare earths prices seen rebounding in second half of 2024
Rare earth prices have likely bottomed out and are poised to rise later this year on demand from electric vehicles (EVs) and wind powerand as dominant producer China is expected to pull back on expanding output quotas, analysts said.
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Visit: 142
Uranium producer Niger launches mining sector overhaul
Niger temporarily suspended the granting of new mining licenses, the first step in an audit of its mining sector as it seeks to boost government revenue.
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Fortescue posts drop in second-quarter iron ore shipments
Australia’s Fortescue on Thursday posted a 1.4% fall in second quarter iron ore shipments, due to ongoing maintenance activities at some of its key projects in Western Australia.
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Visit: 125
Endeavour Mining’s second-biggest gold mine hit by strike
Workers at Endeavour Mining’s Hondué mine in Burkina Faso, the company second-biggest gold operation, have walked off the job on Tuesday, blocking the access road to the site.
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Circular economy can greatly increase secondary supply of REE in next three decades
Mining News Pro - An international team of researchers has presented a novel integrated model that quantifies how circular economy strategies can reshape global supply chains of critical rare earth elements, such as neodymium, dysprosium and terbium.
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Visit: 103
4 percent jump in blast furnace section for ESCO
Mining News Pro - In the first six months of the current year, ESCO's blast furnace department achieved a 4% increase in cast iron production and a 7% increase compared to the same period last year.
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Recording the second monthly production record in the continuous steel casting unit of Mobarakeh Steel
Mining News Pro - A new monthly record was set in the continuous steelmaking and casting unit of Mobarakeh steel in the seven months ending October 1402.
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Visit: 182
Palladium price drops below $1,000 as demand from key car sector wanes
Mining News Pro - Palladium dropped below $1,000 an ounce for the first time in five years as demand falters amid a slowdown in car sales, the rise of electric vehicles and as users switch to cheaper platinum.
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China promotes development of strategic rare earths sector
Mining News Pro - China, the world’s largest supplier of rare earths, said it would coordinate the exploration, development, utilization and standardized management in the industry, the state broadcaster said on Friday, highlighting the importance Beijing attaches to the strategic mineral resource.
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Iron ore price logs second weekly gain on China stimulus, sound fundamentals
Mining News Pro - Iron ore rose for a second consecutive week, underpinned by stimulus-related optimism and supportive fundamentals in top consumer China, although gains narrowed on Friday on fear of possible government supervision.
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Stornoway Diamond files for bankruptcy for second time, stops operations at Quebec site
Mining News Pro - Stornoway Diamond Inc. is filing for bankruptcy protection for the second time in four years as the miner struggles to deal with volatile pricing on global markets.
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Silver price to benefit from solar sector demand once rates peak
Mining News Pro - Robust demand from the solar industry and limited supply growth from mines will buoy silver prices once the period of higher global interest rates is over, analysts said.
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Colombian mining sector needs clear government messaging for energy transition
Mining News Pro - Colombia’s mining industry is ready to contribute to the energy transition but needs coherent messaging from the government to create the certainty needed to support investment, the boss of the Colombian Mining Association (ACM) said on Monday.
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CleanTech Lithium to kick off production at second Chile mine in 2027
Mining News Pro - Chile-focused CleanTech Lithium said on Tuesday that results of a recently completed scoping study of its Francisco Basin project confirmed the asset’s forecast potential and estimated production start in 2027.
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High tin stocks reflect weak consumer electronics sector
Mining News Pro - London Metal Exchange (LME) stocks of tin have grown steadily over the summer months and have reached levels last seen in April 2020.
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Visit: 168
Lundin secures environmental permit to extend Candelaria mine life
Mining News Pro - Canada’s Lundin Mining (TSX: LUN) can proceed with a plan to extend the productive life of its Candelaria copper mine in Chile after local authorities approved a revised environmental impact assessment (EIA) for the operation.
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US, Saudi Arabia in talks to secure metals in Africa
Mining News Pro - The United States and Saudi Arabia are in talks to secure metals in Africa needed to help them with their energy transitions, the Wall Street Journal reported on Sunday, citing people with knowledge of the talks.
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Freeport Indonesia secures copper export permit, plans to contest new export duty
Mining News Pro - Mining giant Freeport has obtained a license to ship copper concentrate from its Indonesian operation until May 2024, but may contest new government rules on export duties.
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Eramet says it secured $400 million lithium deal with Glencore
Mining News Pro - Eramet said on Wednesday that it had signed earlier this month a $400 million deal with commodities group Glencore to jointly market some 50,000 metric tons of lithium produced on its Argentina site over five years.
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Newcrest drops after potential buyer Newmont’s weak second quarter
Mining News Pro - Shares of Australia’s top gold miner Newcrest Mining Ltd fell as much as 5.4% on Friday, marking its worst intraday fall in nearly 10 months after its potential buyer Newmont Corp overnight reported weaker-than-expected second quarter profit.
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Visit: 163