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Vale Enters $3.4 Billion Partnership to Accelerate Growth of Energy Transition Metals Business
August 10, 2023
Vale today signed a binding agreement with Manara Minerals, a joint venture between Ma’aden and Saudi Arabia’s Public Investment Fund. Manara Minerals will invest in Vale Base Metals Limited (VBM), the holding entity for Vale’s energy transition metals business, at
Graphex Technologies Enters Offtake Agreement with With Syrah Resources
August 9, 2023
Graphex Technologies, a wholly-owned subsidiary of Graphex Group Limited, has entered into an offtake agreement with a wholly-owned subsidiary of Syrah Resources Limited for natural flake graphite from Syrah’s Balama graphite operation in Mozambique. The agreement is another key strategic
UK CMA to Probe Cameco, Brookfield’s $7.9 Billion Acquisition of Westinghouse Electric
August 8, 2023
The UK Competition and Markets Authority (CMA) released plans to launch an investigation into the Cameco and Brookfield Renewable Partners’ $7.87 billion joint acquisition of nuclear power company Westinghouse Electric. The British competition watchdog said that it is considering if
Plans for The Metals Company’s Deep-sea Mining Gains Momentum
August 7, 2023
A company has said it intends to start mining minerals from the deep sea bed despite an international meeting failing to grant permission. Parts of the ocean floor are rich in so called “poly-metallic nodules” containing elements like nickel and
Syrah Resources Signs Graphite Supply Deals with U.S. Firms
August 4, 2023
Australian graphite explorer Syrah Resources Ltd. said on Thursday it had executed agreements with two U.S.-based companies for the supply of graphite from its Balama operations in Mozambique. The offtake agreements, signed with Graphex Technologies and Westwater Resources for multi-year
Hochschild Mining Receives Environmental Approval for Its Inmaculada Mine, Peru
August 3, 2023
Hochschild Mining on Wednesday said a long-awaited environmental approval for its Inmaculada Mine in southwest Peru has been awarded. The London-based silver and gold miner has operations in North and South America, including as well in southern Argentina and in
Glencore to Acquire Pan American Silver’s Stake in MARA Project for $475 Million
August 1, 2023
Glencore International and Pan American Silver have reached an agreement for Glencore to acquire the 56.25 stake stake in the MARA Project from Pan American. Under the terms of the agreement, Glencore will pay $475 million in cash upon closing
Donald Swartz II Named New CEO of American Rare Earths
August 1, 2023
American Rare Earths (ARR) has named Donald Swartz II as chief executive officer of the company. Swartz will lead the company from ARR’s new corporate headquarters to be based in the Denver, Colorado area. ARR is building its presence in
Australian Vanadium Receives Water License Approval for Processing Plant at Its Vanadium Project
July 31, 2023
Australian Vanadium Limited (AVL) has secured approval for a water license to extract groundwater for the vanadium processing plant at its Australian vanadium project in Western Australia. The license has been granted by the Western Australian Department of Water and
Cornish Metals Commissions Submersible Pumps, Variable Speed Drives at South Crofty Tin Project
July 31, 2023
Cornish Metals, a mineral exploration and development company focused on its South Crofty Tin Project in Cornwall, United Kingdom, has successfully commissioned both submersible pumps that were recently installed in New Cook’s Kitchen (NCK) shaft and their associated variable speed
