Uranium-Gold Exploration in Canada: Panther Metals Backs Fulcrum’s Project Expansion
Panther Metals has voiced its support for Fulcrum’s recent expansion of the Charlot-Neely uranium-gold project in northern Saskatchewan, Canada. With the staking of three new claim blocks, Fulcrum has added a significant 4,856 hectares to the project’s area. Panther’s connection to this venture is evident; the company currently holds a 19.99% interest in Fulcrum. Beyond this stake, Panther also possesses...
Adriatic Metals and Boliden Partner for Sustainable Zinc Production
Adriatic Metals and Boliden have announced a collaboration to produce zinc and other metals, adhering to the topmost ESG (Environmental, Social, and Governance) standards. Boliden’s smelter expansion, the Green Zinc Odda project, will boost the annual production capacity from 200 kilotonnes to 350 kilotonnes, making it one of the most environmentally friendly zinc productions globally. In a press-release, Vildana Mahmutovic...
Alien Metals Ltd Finalizes Heritage Agreements for Hancock Iron Ore Project
Alien Metals Ltd has reported that its subsidiary, the Iron Ore Company of Australia, has secured Heritage Agreements with the Karlka Nyiyaparli Aboriginal Corporation RNTBC. The agreements concern two exploration licences and one miscellaneous licence associated with the Hancock Iron Ore Project in Western Australia’s Pilbara Region. Alien Metals owns a 90% interest in this project. The Heritage Agreements cover...
Alleged Breach of Staff Agreement: Union Points Finger at Alcoa
Background: The CIG, a prominent union in Galicia representing worker rights, has been in talks with Alcoa to ensure job security and uphold production standards. Alcoa’s plant in San Cibrao, A Mariña, is pivotal in the aluminum production landscape. The company had earlier shut down its electrolysis tanks and has now temporarily halted operations in the smelting section, which remained...
Ukraine: Former Metallurgy Giant in Konstantinivka Declared Bankrupt
Court Decision: In August, the economic court of Donetsk region recognized “Ukrtsink” from Kostyantynivka as bankrupt, as noted in the court register. Historical Background: The enterprise, which was once a significant player in non-ferrous metallurgy, ceased operations in 2002. From its assets, new entities like “SP Lead” and “Zinc” emerged. “Ukrzinc” was established in Konstantinovka in 1930 to manufacture zinc....
Hemlo Explorers Uncovers North-South Trending Zone through 2023 Sampling and Mapping
Hemlo Explorers has shared new findings from its 2023 geological mapping and grab sampling program conducted on the eastern sector of Project Idaho. Strategically positioned 2-3 km east of the advancing Marathon Cu-Pd deposit managed by Generation Mining Ltd., Project Idaho lies between the Coldwell Complex and the Archean greenstone belt, renowned for the Hemlo gold mine of Barrick Gold...
Almalyk Copper Plant in Uzbekistan Obtains $2.55 Billion Loan for Production Boost
The Almalyk Mining and Metals Combine (AGMK), a significant copper, silver, and gold producer in Uzbekistan, has secured a $2.55 billion loan from Germany’s KfW-IPEX Bank. This financial move aims to double AGMK’s current production capacity. Last year, AGMK produced 148,500 metric tons of copper. AGMK’s operations are primarily based on reserves of copper-molybdenum, lead-zinc, and gold-silver deposits found in...
Hindustan Zinc Reports Slight Decrease in Mined Metal Output to 252,000 Tonnes in Q2
On Monday, Vedanta group company Hindustan Zinc announced a 1% decrease in its mined metal output, producing 252,000 tonnes in Q2 of the current fiscal year. For comparison, the production was 255,000 tonnes in Q2 of the previous year. The drop, according to a BSE filing, was primarily due to reduced ore production at the Rampura Agucha & Kayad mines....
Nornickel Initiates Mining at Record Depth
Connecting New Depths: Nornickel has started mining operations at the Glubokaya mine within Skalisty, reaching an unprecedented depth of nearly 2 km. Glubokaya, it should be noted, translates as “Deep” from Russian. The achievement comes after successfully linking two independent vertical shafts: a ventilation shaft and a skip-cage shaft at -1943 meters, a first in Eurasian mining history. Significant Ore...
Weekly Metals News Digest (Sept 25-30)
Check out a recap of the most important mining news from the past week: Gates and Bezos will be searching for copper in Zambia Zambia is among the world’s largest suppliers of copper ore, with approximately 1 million tons of ore (in terms of refined copper) being extracted from its mines out of the 22 million tons mined globally each...
Southern Palladium Advances Bengwenyama Project with Mining Right Application
Southern Palladium has taken a significant step forward with its Bengwenyama Platinum-Group Metal project by submitting a Mining Right Application (MRA) to South Africa’s Department of Mineral Resource and Energy (DMRE). Located on the Eastern Limb of the Bushveld Complex, the project is 70% owned by Southern Palladium. This application marks the transition of the company from a pure exploration...
DRC and Zambia Pursue New Horizons in Battery Supply Chain
In Kinshasa, Zambia’s Minister of Mines, Paul Chanda Kabuswe, highlighted the need for Africa to transition from exporting raw materials to processing them locally for increased value. The Democratic Republic of Congo (DRC) is a dominant figure in the global cobalt market, supplying around two-thirds of the world’s needs. Both the DRC and Zambia have expressed plans to process these...
South Africa’s Platinum Pivoting the Green Hydrogen Evolution
South Africa, holding approximately 80% of the world’s platinum group metals, is uniquely positioned in the green hydrogen revolution. Platinum, essential for hydrogen-producing electrolyzers, underscores the nation’s pivotal role. The government has unveiled a ZAR 270bn (US$17.8bn) plan to drive green hydrogen projects over a decade. With an aim for both domestic use and export, it’s supported by over 100...
Glencore’s Lithium Project in Sardinia Faces Delays
Background: Glencore, a global leader in raw materials trading, is currently working on a transformation plan for Portovesme, an established company in Sulcis, Sardinia. The aim is to transition from producing lead and zinc to recycling and producing lithium and rare earths, potentially positioning Italy at the forefront of the European automotive supply chain. Regulatory Challenges: The Region of Sardinia...
Russia’s Ministry of Finance Raises Concerns Over Metallurgy Sector
Analysis of Investments and Dividends: Russia’s Ministry of Finance has pointed out financial imbalances within the nation’s mining and metallurgical complex (MMC). Over the last decade, Russian MMC companies have generated an operating cash flow of 25 trillion rubles, yet reinvested only 8.5 trillion. This considerable disparity has led to discussions about financial practices in the industry. Redistribution and Future...
Spruce Ridge Resources Ltd. Secures Agreement with Benton Resources Inc. for Newfoundland Property
Spruce Ridge Resources Ltd has confirmed its option agreement with Benton Resources Inc. as of September 20, 2023. Through this agreement, Benton has the option to earn up to a 70% stake in Spruce’s Great Burnt Copper/Gold Property. Key Points of the Agreement: Upon Benton securing a 70% interest, both companies will jointly operate the property. Should either company’s interest...
Belgium Eyes a Stronger Position in Rare Earth Recycling
Brussels: Energy Minister Tinne Van der Straeten has expressed an ambition for Belgium to carve out a niche in the global recycling of rare earth metals. These metals, integral to various technologies, have extraction processes that raise environmental concerns. The Role of Rare Earths: Rare earth elements, including metals like cobalt and lithium, are essential components in a range of...
Nickel: The “Devil’s Metal” Rising in the Green Age
Nickel might remind you of a shiny five-cent coin, but there’s more to it than meets the eye. With the increasing demand from low-carbon technologies, this metal is dancing with the devil, both in its uses and its volatile price. Nickel’s Resume: Mostly found giving stainless steel its oomph (about 70% of world demand), nickel’s now stealing the limelight in...