Nornickel, the Russian mining and metallurgical giant, is set to forge strategic partnerships with Chinese firms specializing in battery materials production. Vladimir Potanin, the company’s CEO, emphasized the dual benefits of Chinese collaborations, noting they would provide Nornickel with access to cutting-edge PCAM/CAM technologies to be used in the Russian battery industry chain. Potanin highlighted the synergistic potential of these...
Mining news
Anglo American Platinum Reports Decrease in PGM Production for Q1 2024
On April 23, 2024, Anglo American Platinum provided a quarterly update for the period ending March 31, 2024, showing a 7% decrease in total Platinum Group Metals (PGMs) production compared to the first quarter of 2023. The production amounted to 834,100 ounces, attributed to various operational challenges. The report highlighted a reduction in output from the company’s own-managed mines, notably...
Boliden, Epiroc, and ABB Reach Milestone in Mine Electrification in Sweden
Boliden, Epiroc, and ABB have achieved an advancement in the mining industry’s move towards electrification with the successful deployment of the first fully battery-electric trolley truck system. This system, which was tested on an 800-meter-long underground track with a 13% incline at Boliden’s Kristineberg mine in northern Sweden, represents a critical step toward the development of an all-electric mine. The...
Midland Exploration Expands Partnership with Rio Tinto Exploration Canada with the Addition of Wookie Project
Midland Exploration has amended its existing option agreement with Rio Tinto Exploration Canada (RTEC), effective April 22, 2024, by incorporating the Wookie project into the agreement originally established in June 2023. The Wookie project, situated in the lithium-rich Eeyou Istchee James Bay area of Quebec, adds significant potential to the collaboration, expanding the total covered area to approximately 1,139 square...
Hammerer Aluminium Industries and LS Cable & System Initiate Construction of New Facility in South Korea
Hammerer Aluminium Industries, in partnership with LS Cable & System, has commenced the construction of a new production hall in Gumi, South Korea. The ceremony marking the beginning of this construction took place on April 17, 2024, signifying a major step in their joint venture. The new facility, which involves an investment of 46 million euros, will span 13,800 square...
Anglo American Adjusts Diamond Production Forecast Amid Output Shifts
Anglo American has revised its diamond production guidance downward following a significant drop in output during the first quarter, although this was somewhat balanced by increases in copper and coal production. On Tuesday, the mining conglomerate reported that diamond production had fallen by 23% to 6.9 million carats, leading to a revised full-year forecast of 26 million to 29 million...
Li-Metal Secures Funding and Strategic Advisory for Anode Technology Development
Li-Metal has received a financial commitment of US$750,000 from Blue Horizon Advisors for the purchase of units from the company. This transaction is part of a broader strategy that includes a planned equity financing aiming to raise an additional US$10 million. The initial funding and subsequent financing are intended to support the commercialization of Li-Metal’s lithium metal anode and production...
Norsk Hydro Q1 Earnings Forecast: Analysts Anticipate Solid Profit
Norsk Hydro, a global aluminum company, is poised to report an adjusted operating profit of NOK 3,313 million (approximately USD 301 million) for the first quarter of 2024, according to consensus estimates from various brokerage houses compiled by Infront. The company’s revenue for the same period is expected to reach NOK 46,200 million (approximately USD 4,204 million). Looking ahead, analysts...
South32 Reports Mixed Q3 Production Results; Recovery Efforts Underway at Australia Manganese
South32, an Australian mining and metals company, has released its production figures for the third quarter, showing a marginal increase in alumina production but a slight decline in aluminum output. The company produced 1.240 million tonnes of alumina, a minimal rise from 1.239 million tonnes in the previous year. However, aluminum production dipped slightly to 278 thousand tonnes from 279...
Anglesey Mining Appoints New CEO to Advance Parys Mountain Project
Anglesey Mining announced today the appointment of Rob Marsden as the new Chief Executive Officer effective May 1, 2024. Marsden, a seasoned mining engineer with 29 years of international experience, will lead the development of the Parys Mountain Cu-Zn-Pb-Ag-Au VMS deposit in North Wales and oversee the company’s iron ore investments. Rob Marsden’s career began at the Camborne School of...