Scottish bacteria may help clean up acid mine drainage

Researchers at the University of Edinburgh discovered that bacteria found in areas polluted by acid mine drainage had the potential to detoxify the environment by removing heavy metals.

US awards record $6bn to back industrial emissions reduction projects

The US Energy Department on Monday announced $6 billion in federal funding to subsidize 33 industrial projects in 20 states to cut carbon emissions, saying the investment would support well-paying union jobs and boost US competitiveness.

Cliffs CEO weighs lowball bid for US Steel with union backing

Cleveland-Cliffs Inc. chief executive officer Lourenco Goncalves said he’d consider another bid — with union support — for United States Steel Corp., albeit at a significantly lower price than the existing offer from Nippon Steel Corp.

Exxaro still keen on copper after Botswana setback

South African coal miner Exxaro Resources is considering potential deals to acquire copper and manganese assets as part of its diversification strategy, chief executive Nombasa Tsengwa said on Thursday.

Bitcoin ETFs test investor commitment to gold-backed paper

A surge of interest in bitcoin exchange-traded funds is prompting some investors to swap out holdings in gold-backed ETFs, although analysts and fund managers said they are unlikely to challenge bullion longer term.

Codelco logs December production setback

Chile’s top copper miners closed out 2023 unevenly, with state-run copper miner Codelco logging a setback in December, according to figures released on Monday by the Chilean Copper Commission (Cochilco).

Trafigura-backed nickel mine seeks new partner for bailout

A major nickel operation backed by Trafigura Group will need support from a new investor after the trading giant declined to contribute more funds as part of a French government rescue package for the struggling New Caledonian mining industry.

GM, Stellantis-backed lithium startup seeks more than $1 billion for brine project

A private US lithium startup backed by Stellantis NV and General Motors Co. is working with financial advisers to seek more than $1 billion for its project in California.

Simandou build expected to start in 2024 after almost 30 years of setbacks

Mining News Pro - Rio Tinto (LSE: RIO; ASX: RIO) expects to begin infrastructure work on the massive Simandou iron ore project in Guinea this year, following almost three decades of setbacks and scandals.

Gates, Bezos-backed KoBold Metals in four-continent quest for lithium

Mining News Pro - KoBold Metals, backed by a coalition of billionaires including Bill Gates and Jeff Bezos, has launched a four-continent search for deposits of lithium, the coveted metal used in batteries that power electric vehicles and high-tech devices.

Panama trade minister resigns after mining contract backlash

Mining News Pro - Panama’s Trade Minister Federico Alfaro announced his resignation on Thursday days after the country’s top court ruled a contract between the government and Canadian miner First Quantum unconstitutional.

Investors with $11 trillion back plan to reform mining industry

Mining News Pro - Some of the world’s biggest investors are throwing their weight behind a plan to reform the mining industry so it can safely meet the growing demand for minerals and metals needed for the green transition.

First Quantum cuts back on ore processing amid port blockades

Mining News Pro - First Quantum Minerals said on Monday it had reduced ore processing at its mine in Panama as protests against the project were causing blockades at a port.

Bill Gates-backed mining startup wants to expand into Congo

Mining News Pro - KoBold Metals, a mining start-up backed by Bill Gates that’s developing a copper project in Zambia, is getting closer to investing in the neighboring Democratic Republic of Congo.

Teck shares are back where they started before Glencore offer

Mining News Pro - Teck Resources has come full circle: After a tumultuous seven months kicked off by an unsolicited takeover offer from Glencore Plc that sent the Canadian firm’s stock soaring, its shares are now back where they began.

In Australia’s outback, Rio Tinto prepares for a low carbon future

Mining News Pro - In the red, dusty outback of the Pilbara in Western Australia, the world’s biggest iron ore miner Rio Tinto is preparing for a low carbon future as it maps out new sources of the raw material to ship to the world’s steelmaking industry.

Posco-backed group invests in lithium technology startup EnergyX

Mining News Pro - A consortium led by South Korean conglomerate Posco Holdings is investing in lithium technology startup EnergyX as it considers more efficient ways to produce the battery metal for the green energy transition.

$1bn metals SPAC deal backed by Glencore

Mining News Pro - A $1 billion metals deal by blank-cheque fund ACG Acquisition Co has been terminated following delays when the different sides, which included a leading global miner and top automakers as anchor investors, tried to revise it, ACG said on Thursday.

Brazil’s Mura people back Amazon potash mine

Mining News Pro - Canada’s Brazil Potash has scored a key win in its battle to build its $2.5bn Autazes project in the state of Amazonas as the local indigenous Mura people have voted in favour of the development, said the company’s CEO Matt Simpson.

Glencore-backed zinc miner is getting crushed in the debt market

Mining News Pro - A Peruvian zinc miner has seen its bonds tumble to an all-time low as investors grow increasingly concerned about its ability to refinance maturing debt and Swiss commodities giant Glencore Plc looks to sell its controlling stake.

Zambia agrees to hand disputed copper assets back to Vedanta

Mining News Pro - Zambia has agreed to return control of Konkola Copper Mines (KCM) to Vedanta Resources, mines minister Paul Kabuswe said on Tuesday, ending a row over the ownership of the assets that erupted in 2019 when authorities seized the mines.

Hydro says Russian metal threatens LME benchmark, Rusal hits back

Mining News Pro - The London Metal Exchange should reconsider a decision not to ban Russian aluminum from its warehouse network as large volumes are jeopardizing the benchmark status of its contract, producer Norsk Hydro said in a letter this week.

Patriot Battery Metals hits back at short-seller report

Mining News Pro - Canadian lithium explorer Patriot Battery Metals refuted on Monday claims published in a short-seller report, stating the assertions made by Night Market Research were “factually inaccurate and misleading.”

US Senate overwhelmingly backs tax treaty with Chile

Mining News Pro - The US Senate voted overwhelmingly on Thursday in favor of a tax treaty with Chile seen as crucial for ensuring access for US companies to lithium, a mineral essential for electric vehicle batteries.

St Barbara backs Genesis’ offer for Leonara assets over Silver Lake bid

Mining News Pro - Australian gold miner St Barbara Ltd on Thursday said it will back a A$600 million ($400 million) offer for its Leonara assets from Genesis Minerals Ltd, despite a higher proposal from Silver Lake Resources Ltd SLR.AX.

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