Nornickel, a leading Russian miner, has outlined its production targets for base and precious metals in 2024, forecasting a slight increase in nickel output. The company expects nickel production to rise by 1.2%, reaching 204-211 thousand tonnes. Copper output is projected to remain stable at 363-373 thousand tonnes, with an additional 66-70 thousand tonnes of...
READ MORETartana Minerals Limited is engaged in advanced discussions with Mt Garnet Mineral Finance Pty Ltd (MGMF) regarding a potential agreement to access the Mungana Processing Plant. The agreement would allow Tartana to mine its copper ore and transport it 25 kilometers to the Mungana facility for processing into copper sulphide concentrate. With an annual processing...
READ MOREPodium Minerals Limited has become the first Australian PGM developer to join the World Platinum Investment Council (WPIC) as a pre-production member. The WPIC, founded by leading platinum group metals (PGM) miners and producers, serves as a global authority on platinum market intelligence and investment. As a member, Podium will gain access to WPIC’s extensive...
READ MORERussian aluminum producer Rusal is experiencing increased production costs despite acquiring a 30% stake in Chinese alumina producer Hebei Wenfeng New Materials (HWNM) for $264 million in 2023. The investment granted Rusal access to 1.4 million tonnes of alumina annually, replacing lost supply from Ukraine’s Nikolayev refinery and Australia, which had accounted for 40% of...
READ MOREMAC Copper aims to boost copper production by 23% by 2026, driven by expansion projects at its CSA mine in Cobar, New South Wales. Over the next 18 months, the company plans to increase output through key initiatives. In 2024, MAC Copper raised production by 13% to 41,128 tonnes at a C1 cost of $1.92/lb....
READ MOREMetals One has released the results of a Preliminary Economic Assessment (PEA) for its Finland Black Schist Ni-Cu-Co-Zn Project, conducted by Wardell Armstrong International. The study focuses on the Rautavaara (R1) and Paltamo (P5) deposits, providing an initial assessment of their economic potential and viability. The PEA identifies Rautavaara as the primary economic driver of...
READ MORERock Tech Lithium has signed a Memorandum of Understanding (MoU) with German cement manufacturer Schwenk Zement to utilize lithium production by-products from Rock Tech’s Guben Converter in cement manufacturing. The partnership aims to reduce carbon emissions while creating a new revenue stream, aligning with Germany’s National Circular Economy Strategy, which promotes the use of industrial...
READ MORERusal is expanding its production capacity for advanced aluminium powders and pastes in the Irkutsk region, aiming to double its output. These materials are crucial for aerated concrete production, making Rusal a key supplier to Russia’s construction industry. The expansion is being carried out by OOO Metalcom, which oversees Rusal’s powder business. The company operates...
READ MOREKBR has been awarded a contract by Weardale Lithium for the development of one of Europe’s key lithium brine extraction demonstration facilities in Eastgate, County Durham, UK. Under the agreement, KBR will provide technology licensing and proprietary engineering design for the plant. The facility aims to scale up to a commercial production target of 10,000...
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 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 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 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 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...
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