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U.S. Gives $50 Million Boost to Critical Minerals Investor TechMet
December 7, 2023
TechMet, a global critical minerals investment company, has secured a further $50 million commitment from the U.S. International Development Finance Corporation (DFC) as part of its latest fundraising round. A ceremonial signing of the commitment letter for the extra $50
Evolution Mining to Acquire 80% Interest in Northparkes Mine for $475 Million, Australia
December 7, 2023
Evolution Mining said it has entered into a binding agreement to acquire an 80 percent interest in the Northparkes copper-gold mine from CMOC Group. Evolution said it will acquire Northparkes mine, located in New South Wales, for total cash consideration
Saudi Energy Minister Challenges Plan to Phase Out of Fossil Fuels at COP28
December 7, 2023
A draft agreement to phase out the use of fossil fuels that’s being deliberated at the global climate summit, COP28, in Dubai this week was met with firm opposition from Saudi officials. Energy Minister Abdulaziz bin Salman, half brother of
John Kerry Unveils Nuclear Fusion Strategy as a Source of Clean Energy at COP28
December 7, 2023
The United States will work with other governments to speed up efforts to make nuclear fusion a new source of carbon-free energy, U.S. Climate Envoy John Kerry said Tuesday, the latest of many U.S. announcements the last week aimed at
COP28 Head: No Science to Suggest Phasing Out Fossil Fuels Will Achieve Key Climate Target
December 6, 2023
Climate leaders have reacted with fury after the controversial head of COP28 claimed there was “no science” to suggest phasing out fossil fuels will help limit global warming to 1.5C. The president of the Dubai climate change summit, Sultan al
Rio Tinto Approves $77 Million to Advance Rhodes Ridge Project to PFS, Australia
December 6, 2023
Rio Tinto has approved a $77 million (A$110 million) pre-feasibility study (PFS) to progress development of the Rhodes Ridge project, one of the world’s best undeveloped iron ore deposits, in the East Pilbara in Western Australia. The commencement of a
Nine Dead After Armed Men Raid Peru’s Poderosa Mine
December 6, 2023
Nine people were killed and 15 injured after armed men raided Peru’s Poderosa mine with explosives and took hostages, the Interior Ministry said late on Saturday. Police have “taken control of the situation”, seven people have been arrested and weapons
Dutch Court Orders Greenpeace to Disband Protest Aboard Metals Company’s Deep-sea Mining Ship
December 4, 2023
A Dutch court ruled Thursday that Greenpeace protesters staging a sit-in must leave a deep-sea mining exploration ship in the Pacific Ocean between Mexico and Hawaii but that they can continue to demonstrate around the vessel. Canada-based The Metals Company,
First Quantum Minerals Starts Arbitration in Case of Cobre Panama Mine
December 4, 2023
Canada’s First Quantum Minerals Ltd. announced Friday it has requested arbitration proceedings to fight a Panamanian decision to halt a major open-pit copper mine concession in Panama or obtain damages. First Quantum said one arbitration was requested under the Canada-Panama
Panama’s Supreme Court Declares 20-Year Contract for First Quantum’s Copper Mine Unconstitutional
December 1, 2023
Panama’s Supreme Court ruled unanimously Tuesday that a 20-year concession for a Canadian copper mine that has been the focus of widespread environmental protests was unconstitutional. Opponents of the Cobre Panama mine argued it would damage a forested coastal area
