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...
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...
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...
ACG’s Big Swing ACG Acquisition Co had a plan – buy a nickel and copper mine from Appian Capital for a cool billion. This wasn’t just any purchase. It was a gamble on metals vital for green energy. With heavy hitters like Glencore, Chrysler’s parent Stellantis, and Volkswagen’s battery branch, PowerCo, backing the play, it seemed like a done deal....
China’s Influence on Metal Trading: The economic slowdown in China, a major metal consumer, is causing concern in global metal markets. This has led to declining prices and traders looking for alternative investment avenues. Impact on Metal Prices: Metals like copper, aluminum, and zinc have decreased in value, with nickel experiencing a notable 38% decline. With China consuming a significant...
Glencore has announced it will stop financing Koniambo Nickel (KNS) in New Caledonia by February 2024, unless a new financial solution is found. Glencore, a 49% shareholder, is KNS’s sole financier. This move raises concerns over the future of the plant and its 1,350 employees, amid rising production costs and competitiveness challenges facing New Caledonia’s nickel industry. Check out more...
Embarking on a Geological Odyssey Estrella Resources, known for its mastery in nickel discovery, is steering its investigative prowess towards unearthing lithium treasures at its Carr Boyd project in Western Australia. Armed with a myriad of geological and geophysical data, Estrella seeks to decrypt the geological sonnets encrypted within the rocks of this famed terrain. Carr Boyd’s Nickel Legacy Historically,...
Increased Sanctions Under EAR The U.S. Department of Commerce amplifies its sanctions list under the Export Administration Regulations (EAR), marking Russian titanium behemoth VSMPO-Avisma and other global entities. This expansion features ten firms from China, four from Pakistan, three from Finland, and one each from Germany, Oman, and UAE. Security Concerns Trigger Action VSMPO-Avisma, known for its contributions to Russia’s...
Regenx Tech (CSE: RGX) (OTCQB: RGXTF), known for its precious metals recovery technologies, has commenced commercial production at its plant in Greenville, Tennessee. From Commissioning to Production: Following the successful installation of an expanded gas line and the necessary permit approvals, the company has transitioned from its commissioning phase to initiate commercial production operations. This move is expected to accelerate...
Beneath the calm landscapes of Belgium’s Kempen region, an unprecedented find is causing ripples: lithium. This discovery by the Antwerp-based company, Hita, suggests levels up to 100 mg/litre in the water it pumps. While this might hint at a lithium-led gold rush, the full story offers more nuance. Lithium: More Than Just a Metal For the technologically uninitiated, lithium is...
