He is said to have already begun training three to four people to succeed him in the job.Read full newsRead More
LIMA, Oct 22 (Reuters) - A strike at Shougang Group's iron ore mine in Peru by workers demanding higher pay has forced the company to declare force majeure on its shipments but has not reduced output, the mine's manager said on Monday.Some 800 workers, including at the port San Juan de Marcona, have taken part in the indefinite strike after negotiations over a new contract broke down, manager Raul...Read More
Orsu Metals Corp. (TSXV:OSU) (Read full newsRead More
STOCKHOLM, Oct 22 (Reuters) - Swedish battery manufacturing startup Northvolt has partnered with South Bay Solutions, a Tesla supplier, to jointly set up a plant in Poland to produce battery systems for energy storage companies and the mining industry.Northvolt's plans are seen as a central part of Europe's effort to compete with Asian rivals such as CATL, Samsung and LG Chem, which have gained a...Read More
South Africa's Petra Diamonds (LON:PDL) increased sales by more than a fifth in the first quarter of its financial year, as higher production, better quality stones and a weakening of the rand offset a slump in the price of the precious rocks it mines.Revenue rose 22 percent in the quarter to $80.2 million from $65.8 million a year prior, despite diamond prices being 5 percent lower when compa...Read More
South Africa's Petra Diamonds (LON:PDL) increased sales by more than a fifth in the first quarter of its financial year, as higher production, better quality stones and a weakening of the rand offset a slump in the price of the precious rocks it mines.Revenue rose 22 percent in the quarter to $80.2 million from $65.8 million a year prior, despite diamond prices being 5 percent lower when compa...Read More
FRANKFURT/MOSCOW, Oct 22 - Germany's BASF and Russian miner Norilsk Nickel (Nornickel) have struck a nickel and cobalt supply deal to meet growing demand for electric vehicle (EV) batteries.Underpinned by a new BASF cathode plant in Finland, the agreement could provide fresh impetus to European efforts to create battery cell manufacturing capacity in a market dominated Chinese and Korean producers...Read More
Mr. Darin Wagner reportsBALMORAL INITIATES BOREHOLE EM SURVEY ON GRASSET NICKEL TARGETSBalmoral Resources Ltd. has commenced a borehole electromagnetic survey, managed by Discovery Int'l Geophysics Inc., on a series of recently completed and continuing drill holes, which are targeting nickel-copper-cobalt-platinum-palladium mineralization within the Grasset ultramafic complex on the company's whol...Read More
FRANKFURT/DUESSELDORF, Oct 22 - ArcelorMittal, the world's largest steelmaker, has declared force majeure for its Duisburg-Ruhrort site in Germany due to the Rhine river's low water levels, a spokesman for the group said in e-mailed comments on Monday."The currently low water level of the Rhine means that the company has adjusted production in Ruhrort to reflect lower pig iron supplies from Thysse...Read More
Migrants used wooden-handled hooks and shoes fitted with spikes to scale the dangerous razor-wired fence...Read full newsRead More
Brazil's Vale expects the EV revolution to boost battery market nickel demand to as much as 700,000 tons in 2025, from just 36,000 tons this year.Read full newsRead More
Yet anotherRead full newsRead More
...complacency across all 'risk-off' assets had reached epidemic levels as equities broke out to new highs... Then the calendar rolled over to October and everything changed...Read full newsRead More
Canada's RNC Minerals (TSX: RNX), the company that last month unearthed more than 9,000 ounces of high-grade gold from a single blast at its Australian Beta Hunt mine, said Monday the first mobile diamond drill has arrived at site and underground drill crews have started the exploration program at the site.The Toronto-based miner said, set to release third-quarter production results to this...Read More
Canada's RNC Minerals (TSX: RNX), the company that last month unearthed more than 9,000 ounces of high-grade gold from a single blast at its Australian Beta Hunt mine, said Monday the first mobile diamond drill has arrived at site and underground drill crews have started the exploration program at the site.The Toronto-based miner said, set to release third-quarter production results to this...Read More
Canada's Nutrien (TSX:NTR), the world's largest potash miner whose attempt to sell its 24 percent stake in Chilean lithium miner SQM to China's Tianqi has been hindered by a row about competitive risks, accused SQM's largest shareholder of blocking the deal for "personal benefit".In an interview with a Chilean newspaper El Mercurio (in Spanish), Nutrien's executive vice-president Michael W...Read More
Canada's Nutrien (TSX:NTR), the world's largest potash miner whose attempt to sell its 24 percent stake in Chilean lithium miner SQM to China's Tianqi has been hindered by a row about competitive risks, accused SQM's largest shareholder of blocking the deal for "personal benefit".In an interview with a Chilean newspaper El Mercurio (in Spanish), Nutrien's executive vice-president Michael W...Read More
Albemarle and SQM can't settle water disputes, and a sale might draw them closer.Read full newsRead More
South Africa's Lonmin (LON:LMI), the struggling platinum producer in the process of being taken over by rival Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL), said Monday it had raised $200 million through a metal-for-loan deal with a state-backed Chinese company.Under the deal, Lonmin will repay most of the loan by delivering platinum and palladium over a three year period to a subsidiary of Jiangxi Cop...Read More
South Africa's Lonmin (LON:LMI), the struggling platinum producer in the process of being taken over by rival Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL), said Monday it had raised $200 million through a metal-for-loan deal with a state-backed Chinese company.Under the deal, Lonmin will repay most of the loan by delivering platinum and palladium over a three year period to a subsidiary of Jiangxi Cop...Read More