Codelco aims to land partner for Maricunga lithium by next year
Chile’s state-run miner Codelco plans to select a partner for a future lithium project in one of the country’s top salt flats, Maricunga, in the first quarter next year, chairman Maximo Pacheco said on Monday.
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Chinese investors snap up copper, gold stocks to drive 10% gains
Chinese investors are snapping up stocks tied to high-flying metals from copper to gold, aiding an onshore market facing an uphill battle to cement a nascent rebound.
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15% increase in DRI production in Hormozgan Steel Company
Mining News Pro - The DRI manager of Hormozgan Steel Company's said: According to the plans made in line with the increase in production and the realization of the organization's goals, with the efforts of colleagues, in the nine months of this year, the company's sponge iron production has increased by 15% compared to the same period last year.
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Shanghai copper heads for biggest monthly gain in 16 months
Shanghai copper prices were little changed on Friday, but poised for their biggest monthly gain in 16 months amid prospects of lower supply.
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Macron looks to regulate illegal gold mining in French Guiana
French President Emmanuel Macron said on Monday the government is seeking to designate new regulated gold mining zones in its South American territory of French Guiana to combat illegal mining and its environmental consequences.
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Iron ore price set for weekly gain on prospects of improving China demand
Iron ore futures were mixed on Friday, but set for a weekly gain on mounting anticipation of a pick up in demand in top consumer China amid signs of improving steel consumption.
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Precious metals may be replaced by iron, manganese, cobalt in “green” catalysts
A researcher at the Leibniz Institute for Catalysis in Rostock has developed new methods for the synthesis of drug precursors using catalysts made of iron, manganese and cobalt.
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Senegal opposition coalition promises new currency and revamp of oil contracts
A Senegalese opposition coalition backed by popular firebrand Ousmane Sonko launched its presidential campaign platform on Saturday with promises to create a new national currency and renegotiate mining and energy contracts.
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Rio Tinto says checking impact of gas pipeline incident on Gladstone operations
Rio Tinto said on Thursday it had been notified of an incident at its Queensland gas pipeline, which Australian media had earlier said was a fire that had impacted supplies.
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Ganfeng Lithium plans to buy 15% stake in Pastos Grandes project
Ganfeng Lithium said on Tuesday it plans to buy a stake of at least 14.8% in a subsidiary of Lithium Americas Argentina Corp, as China’s leading lithium producer ramps up its efforts to secure resources.
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Oil and gas upstream M&A deal value hits highest Q1 levels since 2017
An ongoing consolidation in the US shale industry has driven up global M&A deal value in the oil and gas exploration sector to its highest first-quarter level in seven years, industry experts said.
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Illegal mine collapse buries gold workers in the Venezuelan Amazon
The collapse of an illegal mine in a remote region of the Venezuelan Amazon buried gold workers, leaving many injured and feared dead.
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Rusal to add Abramovich to lawsuit against Potanin over nickel miner pact
Aluminum giant Rusal obtained permission by a London court on Friday to add Russian billionaire Roman Abramovich and his firm Crispian Investments Ltd as defendants in the case against Vladimir Potanin, CEO of Nornickel.
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Copper price bounces as analysts see short covering fueling big gains
Copper extended a weekly gain, with some analysts predicting that the market could soon turn decisively higher as bearish investors are forced to unwind heavy bets against the metal viewed as a global economic bellwether.
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Lithium players to gather in Arkansas as low prices pressure industry
Exxon Mobil, Albemarle and others eyeing ways to tap Arkansas’s vast lithium reserves will gather in Little Rock this week as the industry grapples with sagging prices for the battery metal that have spooked investors and fueled layoffs.
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Palladium price heads for biggest one-day gain in two months on short covering
Palladium rose by 8% on Wednesday, regaining a premium against its sister metal platinum, as some investors covered their short positions after the volatile metal held above the $900 level.
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Lundin Mining reports fatality at Neves-Corvo mine in Portugal
Canadian miner Lundin Mining on Monday said an employee at its Neves-Corvo mine in Portugal died after a fall-of-ground incident while operating a piece of equipment underground.
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Sumitomo cuts nickel output forecast in Madagascar due to system glitches
Japanese trading house Sumitomo Corp on Monday slashed its output estimate of nickel at its Ambatovy project in Madagascar due to system glitches.
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Brazil probes Mercado Libre sales of mercury used by illegal gold miners
Public prosecutors chasing illegal gold mining in Brazil’s Amazon region on Wednesday opened an investigation into on-line sales of mercury through Mercado Libre, Latin America’s largest e-commerce site.
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Uranium miners posed to extend gains on supply crunch
Uranium-mining stocks are poised to extend their red-hot run in 2024 as a supply crunch sends the price of the yellow metal even higher, according to Sprott, a commodities-focused investment manager.
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Mining industry sees a way to navigate narco crisis in Ecuador
Ecuador’s budding mining industry sees a way through the violent mayhem sweeping the country, with operating mines and development projects expected to carry on as planned after stepping up security measures.
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Buenaventura sees Antofagasta as ally in copper growth plans
Mining News Pro - After a few weeks digesting Antofagasta Plc’s surprise entry into its shareholder register, Buenaventura sees the new investor as an ally in its copper growth plans rather than a rival eying control of the Peruvian firm.
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Gold price gains as weak US services data boosts Fed rate cut wagers
Mining News Pro - Gold rose as Treasury yields pushed lower when a US employment gauge fell short of estimates, bolstering expectations for the Federal Reserve to rapidly cut interest rates this year.
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Gold price heads for yearly gain as market eyes rate cuts in 2024
Mining News Pro - Gold headed for its first annual gain in three years as investors doubled down on bets that the Federal Reserve will start to unwind its restrictive monetary policy stance in 2024.
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Nickel is year’s biggest metals loser, copper manages small gain
Mining News Pro - In a mostly lackluster year for metals trading, nickel emerged as the worst performer and might not see a reprieve anytime soon.
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