Minera Ojos del Salado, a subsidiary of Lundin Mining, has been fined $3.3 million by Chile’s Superintendencia del Medio Ambiente (SMA) following an investigation into the 2022 sinkhole at the Alcaparrosa mine. The ruling also mandates the continued closure of the mine due to four environmental violations. Mining operations at Alcaparrosa have been suspended since...
READ MORETanzania has signed a $2.15 billion agreement with two Chinese firms to build a railway connecting its main port of Dar es Salaam to a nickel mine in Burundi. Tanzania Railways Corp. awarded the contracts to China Railway Engineering Group Ltd. and China Railway Engineering Design and Consulting Group Co. Transport Minister Makame Mbarawa stated...
READ MOREBHP Group has commissioned Fluor Australia and Hatch Pty to oversee the staged expansion of its copper smelter and refinery facilities in South Australia, including at Olympic Dam, one of its largest copper projects. The first phase will see an investment of over A$40 million ($25 million) for strategy and planning. Phase one of the...
READ MOREAnglo American has completed the sale of its 33.3% stake in Jellinbah Group Pty Ltd to Zashvin Pty Ltd ahead of schedule. The transaction, initially expected to close in the second quarter of 2025, brings in total cash proceeds of AUD1.6 billion (approximately USD1.0 billion), including AUD228 million previously received. Jellinbah Group holds a 70%...
READ MORENorwegian aluminum producer Norsk Hydro has announced plans to acquire the remaining 28% stake in HydroVolt, its battery recycling joint venture with Northvolt, for NOK 78 million (approximately USD 7.4 million). The move comes as Northvolt files for Chapter 11 bankruptcy, with the transaction expected to be finalized by the end of March. HydroVolt was...
READ MOREThe global zinc market saw a reduction in supply shortage in November 2024, easing to 52,900 tons from 65,400 tons in October, according to the International Lead and Zinc Study Group. Despite a cumulative shortage of 33,000 tons from January to November, this was a significant shift from the 312,000-ton surplus recorded in the same...
READ MORECobalt, lithium, and copper are essential for lithium-ion batteries and the electric vehicle (EV) supply chain. As China maintains strategic control over these minerals, the United States and its allies are working to diversify sources to secure supply chains. The US and Japan are increasing cooperation, exploring trilateral partnerships with Latin American mineral producers such...
READ MORERHI Magnesita has finalized its acquisition of US-based Resco Group from Balmoral Funds LLC and management for an enterprise value of $410 million (€390 million). This marks the company’s largest investment since the 2017 merger of RHI and Magnesita. The acquisition strengthens RHI Magnesita’s position in North America by enhancing local production capabilities and securing...
READ MOREThe European Union is reportedly discussing new import restrictions on Russian aluminium as part of its 16th sanctions package against Moscow for the invasion of Ukraine. However, the impact is expected to be limited, as Russian metal continues to find alternative buyers outside sanctioning countries. LME aluminium prices briefly rose above $2,600 per tonne in...
READ MOREGaltco is set to establish a low-carbon aluminium production plant in Tolú, Sucre, with an estimated investment of $1.2 billion. The facility aims to produce over 350,000 tonnes of green aluminium annually from the Gulf of Morrosquillo, reinforcing Colombia’s role in sustainable aluminium production. On January 29, a Memorandum of Understanding (MoU) for the Galtco...
READ MORESantacruz Silver Mining has released its Q4 2024 production results from its Bolivar, Porco, and Caballo Blanco Group of mines in Bolivia, as well as its San Lucas ore sourcing business and Zimapán mine in Mexico. The company produced a total of 4,710,013 silver equivalent ounces, including 1,761,686 ounces of silver, 23,357 tonnes of zinc,...
READ MOREKBR has been awarded a contract by Weardale Lithium Limited to support one of Europe’s most advanced lithium brine extraction demonstration facilities in Eastgate, County Durham, United Kingdom. The facility will extract lithium carbonate from geothermal groundwater sourced from existing production wells, with plans to scale up to a commercial production target of 10,000 tons...
READ MORERain City Resources has commissioned a containerized pilot plant utilizing Avonlea Lithium Corporation’s proprietary Advanced Chemical and Cavitation Extraction technology (ACCELi) for direct lithium extraction (DLE). The plant, designed for pre-commercial trials, has a flow-rate capacity of 150 barrels per day and successfully completed a wet test in Calgary. It is now prepared for shipping...
READ MORETerra Metals Inc., a U.S.-based mining company, has announced progress in its copper and cobalt mining operations and renewable energy projects in Zambia. The company’s assets in the Kabompo Dome, located near major mining operations, position it strategically within the region’s mining sector. The company plans to re-commission its copper and cobalt acid leach plant...
READ MOREIndia has allocated 163 billion rupees ($1.88 billion) to advance its critical minerals sector, aiming to secure essential raw materials such as lithium. The federal Ministry of Mines confirmed the funding, which will support domestic exploration and offshore mineral projects. The government expects an additional 180 billion rupees in public sector investment for critical minerals,...
READ MOREThe Canadian federal government has announced a $41 million investment in Foran Mining Corporation’s Saskatoon office to support the development of emissions-free copper production. The funding will be used to expand Foran’s McIlvenna Bay plant in Saskatchewan, creating 400 new jobs and advancing the country’s transition to a net-zero carbon economy. James Steels, Chief Financial...
READ MORENornickel, one of the world’s largest precious metals producers and a leader in non-ferrous extraction, has signed a cooperation agreement with BelAZ, the leading CIS manufacturer of mining dump trucks. This partnership focuses on the development and production of specialized machinery tailored for Nornickel’s mining operations, aiming to reduce reliance on imported equipment and enhance...
READ MOREVale Base Metals, a subsidiary of Vale has initiated a strategic review to assess the potential sale of its mining and exploration assets in Thompson, Manitoba. This move is part of the company’s broader effort to optimize its vertically integrated nickel portfolio, ensuring long-term competitiveness. The review’s findings are expected in the second half of...
READ MOREChina’s lithium carbonate production is expected to fall by approximately 17% in January to 59,800 tonnes, according to a survey conducted by Mysteel in early January. The decline is primarily attributed to domestic lithium converters and hydrometallurgical plants temporarily suspending production for maintenance and overhauls during the Chinese New Year (CNY) holiday. Mysteel’s latest survey...
READ MOREStardust Power, an American developer of battery-grade lithium products, has officially commenced construction on a $1.2 billion lithium refinery at the Southside Industrial Park in Muskogee, Oklahoma. The groundbreaking ceremony, held on January 22, was attended by company officials, Lieutenant Governor Matt Pinnell, Muskogee Mayor Patrick Cale, and other state and local representatives. The 66-acre...
READ MORESt. Louis-based Phinix has initiated a two-year, $1.8 million cost-shared project funded by the Remade Institute in Rochester, New York. The initiative, titled “Commercial Removal of Fe and Mn from Molten Aluminum Scrap Melts,” aims to enhance the quality and sustainability of recycled aluminum by eliminating metallic impurities from aluminum melts. This project builds upon...
READ MOREJSW Group announced its entry into the non-ferrous metals sector by securing a Mine Developer and Operator (MDO) contract for two copper mines in Jharkhand, India. The contract, awarded by state-owned Hindustan Copper Limited (HCL), includes the operationalization of the mines and the establishment of a copper concentrator plant, with a total capital investment of...
READ MOREThe aluminium premium for shipments to Japanese buyers for the first quarter of 2025 has been set at $228 per metric ton, marking the highest level in nearly a decade. This represents a significant increase from the $175 per metric ton premium in the previous quarter and marks the fourth consecutive quarterly rise, according to...
READ MORENornickel, one of the world’s largest producers of non-ferrous and precious metals, is moving forward with a significant copper-nickel ore mining project at its Severny mine. The project will target deposits at depths of 430 to 730 meters within the Zhdanovskoye, Bystrinskoye, and Tundrovoye sites, which form part of the Pechenga Group, the raw materials...
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