Despite a series of announcements by companies scaling back production in response to plunging prices, nickel futures continued their downward trend on the London Metal Exchange. The metal, used in stainless steel and electric-vehicle batteries, has seen a more than 40% decline from a year ago, primarily due to a global surplus. The market has…
Canada Nickel Company Inc. has reported high nickel recoveries from its Reid Brook nickel-cobalt-copper project located in the central part of the province of Newfoundland and Labrador. The company said that it has achieved nickel recoveries of up to 95% in its initial metallurgical test work. It added that the results have exceeded expectations and…
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…
On April 6, 2021, the government of Colombia issued an order to Anglo American, a multinational mining company, to clean up a toxic coal spill in the Santurban region of the country. The spill had occurred in late March, when a coal slurry, a byproduct of coal mining, had leaked from a storage tank and…
Europe’s first lithium mine has agreed to merge with Sizzle SPAC, a special purpose acquisition company (SPAC), in a deal that will give the mine a market value of $1.4 billion. The deal, which was announced on April 5, 2021, will see the lithium mine, called Bacanora Minerals Ltd., become a publicly traded company. Bacanora…
The transition to electric vehicles (EVs) has the potential to revolutionize the way Americans get around, leading to lower emissions and more efficient transportation options. However, the process of transitioning to EVs is not without its challenges. Mining is one of the most significant obstacles in the road to America’s EV future. Mining is necessary…
The top minerals mined in the world include a variety of resources critical for industrial and technological applications. Here are ten of the most mined minerals, based on various sources: Coal: The most mined mineral in the world, with significant reserves and production in countries like China, Australia, and Russia. Iron: Essential for steel production,…
Frank Timis, the founder of African Minerals, has announced that he is in the process of acquiring the Sierra Leone assets of the now-bankrupt London Mining. The acquisition is being made through Timis’ company, Timis Corporation, which will acquire London Mining’s iron ore assets in Sierra Leone for an undisclosed amount. London Mining had been…
In response to the increasing need for stronger environmental protection in the mining sector, the Colombian government has developed new regulations for mining title applications. These regulations require applicants to provide detailed information about the environmental impacts of their proposed operations, and to demonstrate that they have taken steps to mitigate any potential harm to…
Former executives from Fortescue’s clean energy initiatives, Michael Masterman and Bart Kolodziejczyk, have initiated a startup focused on reducing carbon emissions in the Australian iron ore sector. Notably, their approach differs from the hydrogen and membrane technology endorsed by their previous employer. Having secured $10 million in seed funding this week, primarily from venture capital…