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Ford Partners with Vale Indonesia and China’s Huayou in $4.5 Billion Battery Material Plant
April 4, 2023
PT Vale Indonesia and China’s Zhejiang Huayou Cobalt entered into an agreement with global automaker Ford Motor Co., creating a three-party collaboration to advance more sustainable nickel production in Indonesia and help make electric vehicle batteries more affordable. All three
Rio Tinto and First Quantum Minerals Form JV to Develop La Granja Copper Project, Peru
April 3, 2023
Rio Tinto and First Quantum Minerals have entered into an agreement to form a joint venture that will work to unlock the development of the La Granja copper project in Peru, one of the largest undeveloped copper deposits in the
UN to Start Allowing Deep-sea Mining Applications in July
April 3, 2023
After two weeks of negotiations, the International Seabed Authority has decided that it will start taking permit applications in July from companies that want to mine the ocean’s floor. The undersea mining will be conducted to extract key battery materials
Lundin Mining to Acquire Majority Interest in Caserones Copper Mine for $950 Million, Chile
March 31, 2023
Lundin Mining has agreed to acquire a stake of 51 percent in SCM Minera Lumina Copper Chile (Lumina Copper), the operator of the Caserones copper mine in Chile, for $950 million. In this connection, the Canada-based base metals mining company
Macmahon Secures $1.18 Billion Contract Extension at Byerwen Coal Mine, Australia
March 31, 2023
Macmahon has been awarded a 20-month contract extension to continue mining services at the A$1.76 billion ($1.18 billion) Byerwen coking coal mine in the Bowen Basin in Queensland, Australia. The contract extension comes into effect starting from November 1, 2023
Australia’s Liontown Resources Rejects $3.7 Billion Proposal from Albemarle
March 30, 2023
Australia’s Liontown Resources rebuffed an indicative offer from top lithium producer Albemarle Corp. that valued the lithium developer at A$5.50 billion ($3.66 billion) on Tuesday, sending its shares soaring 59 percent. Albemarle had offered A$2.50 per share, Liontown said in
BHP and Hatch Commence Design Study for Electric Smelting Furnace Pilot Plant, Australia
March 28, 2023
BHP and Hatch, have signed an agreement to design an electric smelting furnace pilot (ESF) plant in support of a decision to construct this facility in Australia. The facility will aim to demonstrate a pathway to lower carbon dioxide (CO2)
STRACON Group Acquires Digital Infrastructure Provider OMT SpA
March 28, 2023
STRACON Group has acquired OMT SpA, a Chilean engineering and technology company specialized in the implementation of communication technologies for the mining sector. The acquisition further strengthens STRACON’s digital technology capabilities and, coupled with the recent acquisition of AMECO South
Evolution Mining Begins Underground Production at Cowal Gold Mine in NSW, Australia
March 23, 2023
Evolution Mining has announced the start of underground production at its fully-owned Cowal gold mine in New South Wales, Australia. The Australia-based gold mining company said that the milestone has been achieved three months earlier than the previously announced target
Deutsche Bank Tightens Finance Policy on Coal, but Not on Oil and Gas
March 23, 2023
Deutsche Bank on Thursday tightened its coal financing policies but has yet to change its criteria for the oil and gas industries, drawing criticism from climate activists. Financial firms are under pressure from policymakers and investors to reduce the scale
