Global Lithium, a leading mining company specializing in the extraction of lithium resources, has recently announced significant extensions to its Manna deposit located in Australia. This breakthrough development underscores the company’s dedication to meeting the growing global demand for lithium, a crucial element powering the rapidly expanding electric vehicle (EV) market and renewable energy sector….
The arrival of Australian coal in the Chinese market has been a long time coming, with the market already oversupplied and demand for coal decreasing. This has made it difficult for Australian coal to compete with the cheaper, higher quality coal from other countries. However, the recent arrival of Australian coal in the Chinese market…
The anticipation of a remarkable coal mining jobs boom has encountered a substantial delay, eliciting discussions and concerns about the future of the coal industry and its broader economic implications. This delay can be attributed to a confluence of factors, ranging from global shifts in energy preferences to environmental regulations and technological advancements. For decades,…
Aluminium Dunkerque, a French aluminium producer, has announced plans to sell a portion of its metal to Glencore, one of the world’s leading commodities traders. The deal marks an important step forward for the two companies in terms of their long-term relationship. Aluminium Dunkerque is one of the largest aluminium producers in Europe, with an…
On July 1, 2020, Essential Metals Limited (ASX: ESN) announced that it had rejected the takeover bid from China’s Tianqi Lithium Corporation and its Australian partner IGO Limited. The offer had been made in June and was valued at A$1.67 billion. Essential Metals is a specialty metals company that is focused on the exploration and…
Amidst the tumultuous waves of a global pandemic, Russia’s premier gold buyer, the nation’s central bank, has strategically doubled down on its investments in precious metals. As the COVID-19 virus continues to rage across the globe, the central bank’s move reflects a broader trend of seeking stability and hedging against economic uncertainties. Russia’s affinity for…
South Africa has been hit by an investment strike, as the country’s largest mining employer, Anglo American, announced that it plans to reduce its investment in the country. The announcement comes as the country continues to grapple with economic issues, including a recession and a high unemployment rate. Anglo American said that it plans to…
Nickel emerged as the weakest performer among the London Metal Exchange’s (LME) base metals last year, primarily due to the anticipation of a significant influx of new nickel supply from Indonesia. According to the International Nickel Study Group, Indonesia’s mined production saw a substantial 29.2% year-on-year increase in the first ten months of 2023. While…
Botswana and the mining company De Beers have announced a new diamond sales deal. This agreement, finalized on Friday, grants Botswana a larger share of rough diamonds from their joint venture. Debswana, a joint venture between De Beers, a unit of Anglo American, and the Botswana government, sells 75% of its output to De Beers,…
Swiss mining giant Glencore has signaled that it remains open to pursuing major acquisitions, even after its massive $260 billion merger discussions with Rio Tinto recently fell apart. Speaking publicly for the first time since the collapse of the talks, CEO Gary Nagle said the company is still interested in large-scale consolidation deals. According to…