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Impact strikes an HPA deal in WA
By: Esmarie Iannucci 21st March 2023 ASX-listed Impact Minerals on Tuesday announced a ‘transformational’ acquisition, acquiring an 80% interest in the Lake Hope high purity alumina (HPA) project, in Western Australia. Under the terms of the agreement with unlisted Playa One, Impact would earn an interest in the company in stages,... →
EU tags copper and nickel as strategic, but industry wants more
By: Reuters 17th March 2023 The European metals sector welcomed a move by the EU on Thursday to include copper and nickel as strategic materials for the first time and ensure speedier permits and easier access to capital, but said more could be done to secure supplies. The Critical Raw Materials Act (CRMA) unveiled by the... →
Base metals recover from banking shocks; face weekly loss
By: Reuters 17th March 2023 Most base metals prices rallied on Friday, boosted by an easing of concerns over a banking crisis triggered by Silicon Valley Bank and Credit Suisse, but lingering fears over rising interest rates and recession left them on course for weekly losses. Three-month copper on the London Metal... →
“Building Trust to Decarbonize the World” The 2023 CIM Convention + Expo
17th March 2023 Keynote and Plenaries unveiled Early-bird registration for the CIM Convention + EXPO 2023 (April 30 to May 3, Montreal) will end midnight, March 25. →
MetaleN
17th March 2023 Copper and heat-exchange materials are critical in the modern technological age, forming part of the many essential areas such as energy, heating and cooling, medical, decorative, electronics, farming and mining. You can rely on MetaleN for quality that adheres to strict international standards... →
Glencore won't renew $16bn aluminium contract with Rusal
By: Bloomberg 16th March 2023 Glencore is willing to walk away from a $16-billion deal to buy aluminum from Russia’s No. 1 producer, in a move that would distance itself from one of its biggest rivals. Under the company’s policy of not doing any new business with Russia, it won’t renew a deal with United Co. Rusal... →
Alcoa Australia to cut Portland aluminium smelter output to 75% capacity
By: Reuters 15th March 2023 The Australian unit of US aluminium producer Alcoa Corp said on Wednesday output at its Portland smelter in Victoria would be reduced to about 75% of its total capacity of 358 000 metric tonnes per year, citing instability and production challenges. Australia's Alumina owns a 40% stake in Alcoa... →
Work set to resume at Simandou iron ore after Guinea, shareholders agree terms
By: Reuters 14th March 2023 Guinean authorities and shareholders have agreed on the terms of a joint venture to mine Simandou, one of the world's largest deposits of iron-ore, paving the way for work to resume this month, the presidency said on Monday. Guinea's transitional government ordered work to stop last July to try... →
Tsodilo to argue legal case against Botswana Ministry on April 18
By: Marleny Arnoldi 13th March 2023 International diamond and metals exploration company Tsodilo Resources has advised that its litigation against the Botswana government is progressing well, having filed its latest documents in court on March 10, and with the court date set for April 18. The matter relates to a delayed... →
Nornickel board rejects Rusal proposal to replace chairman - source
By: Reuters 13th March 2023 The board of Russian mining giant Nornickel has rejected a proposal by shareholder and aluminium company Rusal to replace the board's chairman, a source familiar with the matter said on Monday. Rusal had proposed replacing current chairman Andrei Bugrov from Nornickel chief executive Vladimir... →
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