International - Copperbelt Katanga Mining

Ivanhoe Electric ties up with Saudi Arabia’s Ma’aden

January 11, 2023January 11, 2023 Constance

Ivanhoe Electric (NYSE America, TSX: IE), the latest endeavour of mining magnate Robert Friedland, is joining forces with Saudi Arabian miner Ma’aden to explore for metals considered key for the world’s energy transition. The companies are creating a 50/50 joint venture for such purpose that will run for five years, and may be extended up to ten years. As part of the exploration deal, Ma’aden will invest $126.4 million in Ivanhoe Electric equity, which grants the Gulf’s largest miner a 9.9% in Ivanhoe Electric, which owns properties in Arizona, Utah and Montana, along with… Read More Here

International Copper

Copper Prices Reach Six-month High At $8,711 Per ton

January 11, 2023January 11, 2023 Constance

As of January 9, 2023, the price of a tonne of copper for delivery in three months on the London Metal Exchange has reached a six-month high of $8,711. Market experts attribute this increase to market optimism, particularly in light of China’s recent reopening of its borders, as the country is the top consumer of copper. According to reports, for the last three years, transportation routes between mainland China, Hong Kong, and the rest of the world have been closed, as a result of the health policy put in place… Read More Here

International Nickel

Nickel Market Faces New Shock As ‘Big Shot’ Boosts Metal Output

January 10, 2023January 10, 2023 Constance

The billionaire at the center of last year’s nickel short squeeze is planning a major shift in his production mix, in a move that could reshape global supply dynamics and inject fresh volatility into the battered nickel market. Xiang Guangda’s Tsingshan Holding Group Co. is seeking to profit from an unusually large premium in the price of refined nickel metal – the type that is deliverable on exchanges in London and Shanghai – over the intermediate forms that Tsingshan supplies for battery manufacturing, according to people familiar with the matter.… Read More Here

Copper International

Copper Market Faces Uncertainty Due To Volatility In Supply & Demand In 2022

January 10, 2023January 10, 2023 Constance

Looking at the 2022 copper price trends, it can be seen that the copper market has been nearly as volatile as other metals such as nickel and aluminum. Currently, copper prices are attempting to break previous highs but have not yet succeeded. As copper approaches short-term resistance levels, there is a possibility of a decrease in price. However, it should be noted that the copper market environment is uncertain, and the intraday price movements are hard to predict. Copper prices in 2022 were quite unstable due to a number of… Read More Here

Gold International Mining Companies

Caledonia Completes Bilboes Gold Project Acquisition In Zimbabwe

January 9, 2023January 9, 2023 Constance

Caledonia Mining Corporation has announced that, following the satisfaction of conditions precedent, it has completed the acquisition of Bilboes Gold. Bilboes is the parent company which owns, through its Zimbabwe subsidiary, Bilboes Holdings, the Bilboes gold project in Zimbabwe. As a reminder, the total consideration payable is, subject to adjustment, 5,123,044 shares representing approximately 28.5 per cent of Caledonia’s fully diluted share capital and a 1 per cent net smelter royalty on the project’s revenues. Based on the last trading day’s closing share price on NYSE American of US$12.82 per… Read More Here

International Coal Energy

Arq Process Converts Fine Coal Waste Into Microfine Hydrocarbon

January 9, 2023January 9, 2023 Constance

Arq, an innovator in recovery and transformation of coal waste into an entirely new source of high-value energy, recently installed eight 18-foot Eriez® CavTube flotation columns in its first commercial facility located in Corbin, Kentucky. The Arq process converts fine coal waste into Arq Fuel™, a high value, microfine hydrocarbon with an average particle size of less than 5 microns and less than 1% mineral matter that can be blended into oil products. Arq Fuel™ behaves like oil without the costs of the oil industry. Eriez’ CavTube columns, which are… Read More Here

International Battery Metals

RAW BASE MINERAL ORE EXPORTS BANNED IN ZIMBABWE

January 9, 2023January 9, 2023 Constance

Exports of all unprocessed ores and minerals have been banned with immediate effect in Zimbabwe, unless special exemptions are obtained. The Base Minerals Export Control (Unbeneficiated Base Mineral Ores) Order, 2023, which was gazetted in Statutory Instrument 5 of 2023, prohibits the export of any mined or quarried materials until they have reached a certain level of processing. The order was issued by Mines and Mining Development Minister Winston Chitando using powers granted to him under the Base Minerals Export Control Act. The order defines “ore” as any form of… Read More Here

International Mining Companies

Canada’s First Quantum Could Suspend Panama Jobs Due To Government Order To Halt Operations

January 9, 2023January 9, 2023 Constance

Canada-based miner First Quantum would suspend a “significant amount” of jobs at its operations in Panama if the Central American government forces it to halt operations during a contract dispute, the company said in a letter. “If we have to reduce operations to care and maintenance mode, the company will need to take steps to reduce expenditure across the business. We could be forced to suspend a significant amount of our valued workforce,” the letter sent to employees and seen by Reuters said. The company’s Cobre Panama mine generates about… Read More Here

Battery Metals International

Manganese batteries market may face deficit in 2024

January 7, 2023January 9, 2023 arnbethnic

An essential component of the steel-making process, manganese has played an increasing role in the battery market. (Stock Image) The high-purity manganese market may face a deficit as early as 2024, according to people in the industry heard by MINING.COM. An essential component of the steel-making process, manganese has played an increasing role in the battery market. The metal sulphate is an important stabilizing ingredient in the cathodes of batteries widely used in electric vehicles and electronics. Volkswagen, Mercedes, Tesla, and GM are among the companies that have announced intentions… Read More Here

International Gold

Barrick’s Merger with Nevada Gold Mines Mission accomplished

January 7, 2023January 9, 2023 arnbethnic

The successful merger of two different sets of assets, systems, people and practices into the fully integrated Nevada Gold Mines (NGM) has been a classic case of the whole exceeding the sum of its parts, says Mark Bristow. Bristow, the chairman of NGM and president and CEO of majority-owner Barrick, says the combination of Barrick’s Nevada assets’ reserves and grades with Newmont’s infrastructure has delivered industry-leading growth and performance. In the three years since the establishment of the joint venture, it has produced 10 million ounces of gold (on a… Read More Here