A non-governmental group has reported that mining operations at a nickel industrial park, primarily backed by Chinese companies, have led to extensive deforestation in Indonesia. The report from Climate Rights International (CRI) highlights ecological damage in the nickel industry, particularly at the Indonesia Weda Bay Industrial Park (IWIP), a major nickel processing hub with investors…
BHP Group announced on Thursday a reassessment of the value of its nickel operations following a significant price decline, potentially leading to write-downs amid oversupply in the electric vehicle battery metal market. As the world’s largest listed miner, BHP, which entered into a nickel supply deal with Tesla in 2021, is revisiting its business strategy…
SQM, the world’s second-largest lithium supplier, is resuming operations in northern Chile following the clearance of roadblocks by local communities, as confirmed by a company representative on Monday. The removal of the final blockades, in place for nearly a week, allows the gradual return to normal operations. Community concerns arose over plans to increase lithium…
A recently identified mineral, named kanatzidisite, was found in the mining dumps of the abandoned Nagybörzsöny gold deposit at Alsó-Rózsa in northern Hungary. Kanatzidisite, belonging to the class of materials known as chalcogenides, has historical usage in copper production and modern applications in catalytic reactions for fuel production, solar cells, and various materials. This novel…
The competition for mined copper resources is anticipated to increase, posing a challenge to Chinese firms responsible for half of the world’s refined copper production. Despite significant output cuts affecting the metal market, it is unlikely that these cuts will be substantial. Chinese copper producers, primarily state-owned, face pressure to uphold or elevate production targets…
On Friday, Chile’s state-owned Codelco, the largest global copper producer, announced the successful negotiation of a new contract with the union representing supervisors in its Chuquicamata division. The agreement, impacting 658 individuals, incorporates incentives tied to goal achievement and enhanced productivity, according to the company’s statement. While the financial details remain undisclosed, the contract spans…
In 2023, Goliath’s drilling initiative broadened and enhanced the Sure bet and Bonanza Shear zones, uncovering a novel gold-silver zone that introduces the possibility of significant deeper discoveries. Last year, over 34,000 meters of drilling at Golddiggers substantially augmented the dimensions and quality of the Sure bet and Bonanza Shear zones, while introducing the newly…
Nationalization remains a prominent subject in mining discussions. With tightening supply chains and increasing strength in long-term demand drivers, resource-rich nations are striving to secure a larger portion of their mineral wealth. Throughout South America, Africa, and Asia, countries are challenging established norms that enable multinational miners to profit substantially from local resources. Although nationalization…
Amidst the ongoing violent turmoil in Ecuador, the emerging mining industry envisions a path forward, as both operational mines and upcoming projects are anticipated to proceed as scheduled, bolstered by heightened security measures. Despite residents taking refuge at home due to President Daniel Noboa’s war on drug gangs, mines belonging to Lundin Gold Inc. and…
BHP (ASX: BHP) has revealed the signing of a partnership agreement with HBIS Group, one of the world’s major steel producers. The collaboration aims to conduct trials on direct reduced iron (DRI) production, utilize BHP iron ores in blends, and advance a separate enhanced lump stage 2 trial focused on reducing carbon emissions from blast…
