Kyrgyzstan to temporarily take over Centerra’s Kumtor mine
Lawmakers in Kyrgyzstan, home to major gold and copper mines, have passed a law allowing the state to temporarily seize Centerra Gold’s (TSX: CG) Kumtor mine, the largest gold operation in…
Asia
Magnet rare earth oxide market to increase fivefold by 2030 – report
A new report by Adamas Intelligence forecasts that the market for magnet rare earth oxides will increase fivefold by 2030 to US$15.65 billion from the current US$2.98 billion. Underpinning this…
Metals price rally could hamper switch to green energy — IEA
Soaring metals prices may be good for miners, but they risk the ongoing transition to clean energy as batteries, solar panels and wind turbines need considerable amounts of copper, nickel,…
RANKED: World’s top 10 biggest gold mines
Despite being adversely affected by the Covid-19 pandemic, global gold production still surpassed 100 million ounces in 2020 and is expected to bounce back this year as economies continue to recover…
The West needs to level the playing field to compete with China
Access to the raw materials of the new green economy is increasingly a high-stakes chess match along geopolitical lines dividing the East and the West. China controls access to the…
NextSource partners with processors in Tesla supply chain to build battery anode plant
NextSource Materials (TSX: NEXT; US-OTC: NSRCF) — which is developing its large flake graphite project in Madagascar and is backed by Sir Mick Davis’ Vision Blue Resources — is teaming…
Rio Tinto, Turquoise Hill strike funding deal for Oyu Tolgoi
The binding agreement ends a long-dragged standoff between the companies over funding for an expansion of the copper-gold mine in Mongolia.
RANKED: World’s top 10 nickel projects
While nickel is mostly used for stainless steel, the base metal has begun to take centre stage in the production of batteries in electric vehicles, as it is expected that…
Battery and ‘green’ metals brighten outlook for mining sector
The transition to electric vehicles could take a decade or two but demand for the key metals in batteries and energy storage systems will only continue to grow as the…
Kaz Minerals bidders up takeover bid to $5.5 billion
A consortium led by Kaz’s chairman Oleg Novachuk has raised its offer for the miner by 9%.
Mick Davis launches US$300 million battery metals SPAC
Former Xstrata boss Mick Davis’ newly founded battery metals investment firm Vision Blue Resources is stepping up efforts to reach the goal of becoming a battery metals giant by launching…
Has China shattered battery nickel’s supply chain bottleneck?
China has turned the nickel market on its head after the world’s biggest stainless-steel producer, Tsingshan Holding Group, this week agreed to supply about 100,000 tonnes of matte (containing approximately…