NEWS — Click on text to read news by category: General | Product | People | Worldwide
Anglo American and Mitsubishi Materials to Collaborate on Responsible Copper Value Chain
November 1, 2023
Anglo American has signed a memorandum of understanding with Mitsubishi Materials Corporation to collaborate on the creation of a copper product offering that responds to growing demand for metals with demonstrably strong provenance credentials. The collaboration will focus on driving
Death Toll Rises to 42 After Fire at ArcelorMittal’s Kostenko Coal Mine, Kazakhstan
October 30, 2023
The death toll from a fire at a coal mine in Kazakhstan rose to 42 on Sunday, with four people still missing, the press service of Kazakhstan’s Ministry of Emergency Situations said. It added that rescue operations were being “hampered
Sibanye-Stillwater to Close Four PGM Shafts, Affecting 4,000 Jobs, Africa
October 30, 2023
South Africa-based precious metals mining company Sibanye-Stillwater is set to axe more than 4,000 jobs, as part of a restructuring process of its platinum group metal (PGM) shafts. Under the planned restructuring process, the company intends to shut down four
China to Tighten Exports of Key EV Battery Material Graphite
October 25, 2023
China said last week it will require export permits for some graphite products to protect national security, springing a surprise with another bid to control critical mineral supply in response to challenges over its global manufacturing dominance. China is the
Whitehaven Coal to Acquire Blackwater and Daunia Coal Mines in $3.2 Billion Deal
October 24, 2023
Whitehaven Coal said it has executed definitive sale agreements with BHP Group and Mitsubishi Development to acquire 100 percent of both the Daunia and Blackwater metallurgical coal mines for an aggregate cash consideration of $3.2 billion. Whitehaven said it has
Codelco Agrees to Acquire Lithium Power International for $244 Million
October 24, 2023
Corporación Nacional del Cobre de Chile (Codelco) has signed a binding scheme implementation deed (SID) to acquire 100 percent of Lithium Power International (LPI), under a scheme of arrangement. Under the terms of the SID, LPI shareholders will receive $0.36
Liontown Resources Secures $720 Million for Kathleen Valley Lithium Project, Western Australia
October 24, 2023
Liontown Resources has secured $720 million (A$1.14billion) financing to fully fund the Kathleen Valley lithium project in Western Australia to first production and beyond. The financing will come via a debt financing package, a fully underwritten equity raising, and a
Atlantic Lithium Granted Mining Permit for Ewoyaa Project, Ghana
October 23, 2023
Atlantic Lithium has been granted a mining lease for the Ewoyaa Lithium Project by Ghana’s Ministry of Lands and Natural Resources. It is the first mining lease to be granted for lithium in Ghana and carries exclusive rights to carry
U.S. Eases Sanctions on Venezuela Oil, Gas, and Gold Sectors after Election Deal
October 20, 2023
The United States is easing sanctions on Venezuela after the South American country’s government and opposition agreed to have next year’s election monitored by international observers. Sanctions will be eased on Venezuela’s oil, gas, and gold sectors. The next election
Fortuna Silver Mines Completes $57M Acquisition of Chesser Resources
October 19, 2023
Canadian precious metals mining company Fortuna Silver Mines has completed its $57.05 million (A$89 million) acquisition of Australian gold miner Chesser Resources. The transaction was implemented by way of a statutory scheme of arrangement pursuant to the Australian Corporations Act
