A total of 197 investment funds, including those managed by major firms like Abrdn, Fidelity, HSBC, Invesco, Legal & General, and Vanguard, are pursuing legal action against Swiss mining giant Glencore. They allege that Glencore made misleading or untrue statements in its prospectuses to conceal corrupt activities. The claimants contend that they suffered financial losses directly resulting from “untrue statements”...
Developers of what is claimed to be the nation’s inaugural cobalt and nickel refinery in Lawton are pushing ahead with the construction of a pilot plant on a rapid schedule. Westwin Elements, a one-year-old startup based in Bartlesville, revealed that it is collaborating on plant design with Ambler Architects, also located in Bartlesville. The general contractor for the project has...
Namibia and Japan have entered into an agreement to jointly explore and develop rare earth minerals, as part of Japan’s endeavors to establish mineral supply chains for the advancement of electric vehicle batteries. The agreement involves Namibia’s state-owned mining company, Epangelo, and the Japan Organization for Metals and Energy Security (JOGMEC), a government agency. The collaboration will encompass a series...
Alaska Energy Metals Corp. has announced its acquisition of an extensive exploration database that encompasses more than $30 million worth of exploration activities conducted since 1995 at the Nikolai nickel-copper-cobalt-platinum group metal project in Alaska. The Nikolai project was initially discovered and explored by INCO Ltd. during the 1990s. Subsequently, Nevada Star Resources Ltd. took over the property, then known...
Russian palladium group and base metals producer Nornickel seeks to venture into powder metallurgy to extend product range and increase competitiveness, the company said this week. “Our main interest at the moment is related to powders made from heat-resistant alloys based on nickel and cobalt and copper-based powders. These are primarily high-temperature materials that are used in aviation, rocket and...
Bluejay Mining has announced that it will reclaim a 100% ownership stake in the Enonkoski nickel-copper-cobalt project in Finland, following the conclusion of its joint venture (JV) agreement with mining giant Rio Tinto. The JV and earn-in agreement, signed in 2020, allowed Bluejay and Rio Tinto Exploration Finland to conduct exploration work at the Enonkoski project, with the potential for...
Global Energy Metals Corporation has made a groundbreaking announcement regarding its Råna Project in Norway. The company’s strategic partner, Kingsrose Mining Limited, has successfully completed ground-based electromagnetic (EM) and other surveys at the Bruvann Mine area, unveiling the presence of strong apparent conductive bodies with massive sulphide mineralization potential in three locations near the former Bruvann Mine. This discovery holds...
University of California Irvine (UCI) scientists have achieved a significant breakthrough in the quest for more sustainable electric vehicle (EV) batteries. They developed a revolutionary chemistry that creates long-lasting, cobalt-free lithium-ion batteries, with nickel playing a key role. Currently, cobalt is commonly used as a stabilizing agent in EV batteries, but it is expensive and primarily sourced from the Democratic...
Northwestern University engineers have developed a new sponge that can remove metals — including toxic heavy metals like lead and critical metals like cobalt — from contaminated water, leaving safe, drinkable water behind. In proof-of-concept experiments, the researchers tested their new sponge on a highly contaminated sample of tap water, containing more than 1 part per million of lead. With...
The Democratic Republic of Congo aims to boost its stake in a cobalt and copper joint venture with Chinese firms to 70% from 32%, on concerns the deal gives away too much of Congo’s resources with little benefit to the country. The plan to boost Congo’s stake and have greater control in managing the Sicomines venture – currently dominated by...
