Zijin opens Serbia’s largest copper mine
Zijin Mining, China’s largest gold miner, has begun operations at its Cukaru Peki copper and gold mine in Serbia. The asset, part of the Timok project, is expected to make the Balkan country Europe’s…
Asia
Alrosa says global diamond sector “fully recovered” from pandemic hit
Alrosa, the world’s top diamond miner by output, says the industry has “fully recovered” from the Covid-19 pandemic as a structural production decline paired with growing end-user demand are pushing…
Appetite for ‘green energy metals’ drives deals
Demand for ‘green energy’ metals like copper, nickel, lithium, and cobalt has risen sharply, driven by the global move to lower carbon emissions and electric vehicle makers chasing battery ingredients….
US narrows gap with China in race to dominate battery supply chain, report says
The United States is narrowing the gap with China when it comes to the race to dominate the battery value chain, according to BloombergNEF’s second annual Global Lithium-Ion Battery Supply…
BHP inks nickel supply deal with Toyota-Panasonic battery venture
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) has inked a deal to supply nickel sulphate from Western Australia to a battery-making joint venture between Toyota Motor and Panasonic called Prime…
Global Mining Symposium: B2Gold expects robust H2 performance on all metrics
Canada’s youngest senior gold producer, B2Gold (TSX: BTO; US-OTC: BTG), expects to report robust operating and financial metrics for the second half of 2021, the company’s VP for investor relations,…
Albemarle to buy Chinese lithium firm for US$200 million
Albemarle (NYSE: ALB), the world’s top lithium producer, says it will buy China-based Guangxi Tianyuan New Energy Materials for about US$200 million, as part of its plans to boost lithium conversion capacity. …
Rio Tinto disputes report saying mismanagement caused Oyu Tolgoi’s woes
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is challenging the findings of an independent review into US$1.4 billion in cost overruns and delays at the Oyu Tolgoi mine in Mongolia, restating the project’s…
Anglo Asian Mining grows copper footprint in Azerbaijan
Anglo Asian Mining (LSE: AAZ), Azerbaijan’s leading gold mining company, has been awarded three new copper concessions in the country, which the company thinks could turn it into a mid-tier copper-gold producer. The miner said it is evaluating how…
Bank of America cuts iron ore price forecasts
The Bank of America’s global research team is lowering its price forecast for iron ore fines in 2022 by 45% to US$91 per tonne (down from its previous forecast of…
China vows to end funding for overseas coal power plants
China’s president Xi Jinping has pledged to stop backing new coal power plants overseas a move that would cut off a key source of financing for projects involving the dirty…
International Lithium sells remaining stake in Mariana project to Ganfeng
Mariana is considered one of the biggest lithium deposits in the world.