NEWS — Click on text to read news by category: General | Product | People | Worldwide
TechMet Closes $200 Million Equity Raise to Further Develop Critical Minerals Operations
August 17, 2023
TechMet, the leading global critical minerals investment company, has closed its latest $200 million equity fundraising round. The successful capital raise puts the company on track to exceed a billion-dollar valuation in the next few months. The latest $200 million
Mine Permitting Hampering Electric Vehicle Metals Fueled by U.S. Climate Law
August 17, 2023
The mining industry faces “considerable challenges” meeting larger-than-expected demand for copper, nickel and other electric vehicle metals fueled by a U.S. climate law, S&P Global said in a report on Tuesday, ahead of the legislation’s one-year anniversary. The landmark U.S.
Teck and Norden Team Up to Reduce Carbon Emissions with Emission Reduction Freight Contract
August 17, 2023
NORDEN and Teck Resources have entered into an agreement to reduce CO² emissions in Teck’s steelmaking coal supply chain. The agreement is expected to reduce annual emissions from Teck shipments handled by NORDEN by 25 percent, or up to 6,700
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
