The top silver producers for the second quarter of 2023 have been ranked based on their reported output. While Codelco and Polymetal didn’t make the list due to missing quarterly data, several other prominent companies did. Fresnillo leads as the world’s premier silver producer, with its Q2 2023 silver production reaching 14.9 million ounces (Moz), marking a 3.5% increase from...
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...
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...
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...
Mining Cost Blowouts Intensify Inflationary Concerns Liontown Resources, an Adelaide-based mining company, projected the Kathleen Valley lithium mine to cost $300 million two years ago. Today, this estimate has doubled. With contractors raising their charges by 30% and a persistent labor shortage in Australia’s mining sector since the Covid-19 outbreak, wages have surged. Tony Ottaviano, Liontown’s CEO, remarked on the...
Continuing Investigation The New South Wales Government’s inquiry into potential toxic pollution advances, setting its sights on the Cadia gold mine and other Central West mining sites. The probe is meticulously examining the impact of mining activities on public health, land, and water quality. Earlier Proceedings Previous hearings held at NSW Parliament House brought Cadia’s managing director, Mick Dewar, under...
A Circuitous Route: In July, commodities giant Glencore moved thousands of tons of Russian copper to Italy through an indirect route via Turkey. This transaction highlights a broader issue: Europe’s underlying dependence on Russian commodities. Documents and photographs accessed by the Financial Times reveal that Glencore procured at least 5,000 tons of copper sheet manufactured by Russia’s Ural Mining and...
Pan American Silver (PAAS) has successfully completed the previously announced divestment of its 56.25% stake in the MARA project in Argentina and its 92.3% ownership in the Morococha mine in Peru. These divestments align with Pan American’s strategic goal of optimizing its portfolio after acquiring Yamana Gold. The transactions will lead to a reduction in the company’s annual costs related...
Uzbekistan intends to engage the South Korean company Sebine Technology in the revival of a project focused on extracting aluminum and alumina (aluminum oxide) from kaolin deposits in the Tashkent region, according to the press service of the Ministry of Mining and Geology. Representatives from Sebine Technology recently visited subsidiary enterprises of the “Uzbeckugol” company to study the properties of...
The U.S. Department of Defense has awarded a grant exceeding $20 million to mine developer Talon Metals, which is actively exploring for nickel deposits in the geologically unique region spanning parts of Minnesota and Michigan’s Upper Peninsula. Nickel plays a crucial role in aerospace and electric vehicle battery manufacturing, with Talon committed to supplying automaker Tesla with 165 million pounds...
