Trafigura, a global commodity trading firm, has garnered notoriety in metal circles, particularly concerning its dealings in the nickel market. The company’s activities and reputation have been the subject of widespread discussion and scrutiny within the industry. This article will delve into Trafigura’s infamous status in the metal market, highlighting the reasons behind its controversial…
The US debt ceiling is reaching a critical point, according to recent reports, and the Wall Street Journal sees a “copper glow up” in the near future. The debt ceiling, or rather the legal limit Congress has placed on the total debt the US can have at any given time, was set at $22 trillion…
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…
Teck Resources Ltd. has announced that it will spin off its coal operations into a separate company, to be named Teck Metals Ltd. The new company will focus on the exploration and development of mineral resources, including copper, zinc and lead. Teck Resources is one of the world’s largest producers of metallurgical coal and has…
On April 30th, 2020, the Perth-based mining company Essential Metals Ltd (Essential Metals) rejected a takeover bid from Tianqi Lithium Corporation (Tianqi Lithium) and IGO Ltd (IGO). The bid sought to acquire all of Essential Metals’ shares at a price of $0.082 per share. Essential Metals is an exploration and development company that is focused…
In a momentous achievement for the mining industry, BHP, one of the world’s largest diversified resource companies, has reached a significant milestone at its Jansen potash project in Saskatchewan, Canada. The milestone marks a crucial step forward in BHP’s ambitious venture into the potash market, positioning the company to become a major player in the…
In recent months, the European Commission has been weighing the possibility of imposing sanctions on Russia’s mining industry. This follows a series of aggressive moves by the Kremlin, including its annexation of Crimea, its involvement in the ongoing conflict in eastern Ukraine, and its alleged interference in the 2016 US presidential election. The European Commission…
The resurgence of copper mining in recent years, particularly in the United States, has been a boon for the industry. The demand for copper is rising as it is increasingly used in renewable energy sources and electric vehicles, and the production of the metal is keeping up. However, the industry is facing a new challenge:…
Orla Mining has entered a definitive agreement to acquire the Musselwhite Gold Mine from Newmont for $810 million (C$1.14 billion) in upfront cash, with an additional $40 million contingent on future gold prices. This transformative acquisition is set to significantly enhance Orla’s gold production and free cash flow, marking a pivotal step in the company’s…
The mining sector is one of the most important economic sectors in the world, accounting for over 10% of global GDP and employing millions of people around the world. As the sector has grown in size and importance, so too has the need for miners to adopt environmental, social, and governance (ESG) and transparency reporting…
