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Elizabeth Creek numbers prove up for Coda
By: Esmarie Iannucci Updated 3 hours ago A scoping study into the Elizabeth Creek copper/cobalt project, in South Australia, could produce some 25 000 t/y of copper and 1 000 t/y of cobalt over a mine-life of some 14 years. ASX-listed Coda Minerals on Thursday told shareholders that the development of Elizabeth Creek would be... →
Newmont gets Newcrest data access in gold takeover tussle
By: Bloomberg 22nd March 2023 Newmont has gained partial access to the corporate books of Australian rival Newcrest Mining, according to people familiar with the matter, a sign that the US company could make a revised offer to seal what would be the world’s largest gold takeover. Newmont is undertaking limited due diligence... →
Huayou starts trial production at Zimbabwe lithium mine, invests in Namibian project
By: Reuters 22nd March 2023 Chinese battery minerals producer Zhejiang Huayou Cobalt said on Wednesday it had started trial production of lithium concentrates at its Arcadia mine in Zimbabwe. Huayou, one of the biggest cobalt producers in the world, acquired Arcadia from Australia-listed Prospect Resources PSC.AX and its... →
Glencore set to lose crown as top cobalt miner to China's CMOC
By: Bloomberg 22nd March 2023 A Chinese miner is set to overtake Glencore as the world’s top cobalt producer this year, as the rush for critical green-energy metals intensifies. The challenger to Glencore’s dominant position is CMOC, which first became a major player in the cobalt market when it acquired the Tenke Fungurume... →
EV battery makers test a future without lithium
By: Bloomberg 22nd March 2023 A year and a half ago, China’s CATL put on a flashy event to make an announcement significant enough that Zeng Yuqun, the founder and chairman of the world’s biggest battery maker, served as emcee. Zeng, who had just passed up Alibaba’s Jack Ma in the Bloomberg Billionaires Index, revealed that... →
Investors question Teck on climate even after Canadian miner's coal spin-out
By: Reuters 22nd March 2023 Investors have yet to embrace Canadian miner Teck Resources' proposal to spin off its highly polluting coal business and focus on production of copper to help supply society's move toward electric vehicles. Last month, Teck announced a split into copper-focused Teck Metals and Elk Valley... →
Chile to limit copper royalty bill after industry complaints - Minister
By: Reuters 22nd March 2023 Chile's government plans to limit a long-running mining royalty bill amid criticism of its impact on the industry's competitiveness, Finance Minister Mario Marcel said on Tuesday. Speaking to the Senate treasury committee, Marcel said that certain limits that do not alter the bill can be... →
US government to republish report for Rio's Arizona mine before July
By: Reuters 22nd March 2023 The US Forest Service plans to re-publish an environmental report before July that will set in motion a land swap needed for Rio Tinto's Resolution Copper project in Arizona. Joan Pepin, an attorney for the Forest Service, told an en banc hearing of the 9th U.S. Circuit Court of Appeals on... →
Argentine mining exports hit 10-year high as lithium, EVs take off
By: Reuters 22nd March 2023 Argentina's mining exports hit historic levels last year, the government said on Tuesday, powered by surging lithium income as the South American agricultural powerhouse targets profits from the metal key to meeting booming electric vehicle (EV) demand. Even as Latin America's third-largest... →
Panoramic extends Savannah life
By: Esmarie Iannucci 21st March 2023 Nickel miner Panoramic Resources has extended the mine-life at its Savannah project, in Western Australia. Referencing a recently released life-of-mine update, Panoramic MD Victor Rajasooriar told delegates of Paydirt’s Battery Minerals conference, in Perth, that the project now had a minimum... →
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