Entries by enuseradmin

Rio Tinto signs its first Renminbi portside trading contract

Saturday, October 12, 2019 The Anglo-Australian mining giant held a signing ceremony at Rizhao Port in China’s eastern province of Shandong, offering 10,000 tonnes of mid-grade iron ore SP10 to Shanxi Gaoyi Steel Co Ltd, said Zhang Qi, director of foreign ore at the Shanxi firm. “We believe port sales could potentially help us to […]

Impala Platinum to acquire North American Palladium for $758 million

Tuesday, October 8, 2019 Prices for Palladium, widely used in vehicle exhausts to reduce harmful emissions, have doubled from a low in August last year as tighter environmental regulations force carmakers to buy more of the precious metal. “(The acquisition) not only signals our confidence in the prevailing platinum group metals (PGM) market but it […]

Cornish Lithium gets $1.7 million funding boost for UK project

Tuesday, October 1, 2019 The company, the first British miner to raise money for a project through an Internet-based platform, said the backers included Norwegian shipping magnate Peter Smedvig, senior mining executives and about 1,200 individual investors, mostly locals. Cornish Lithium owns exploration rights across more than 300 square miles of Cornwall, where it’s using […]

Union leader asks workers to vote for strike action at Los Pelambres

Monday, September 30, 2019 Between September 30th and October 1st, 280 workers are expected to cast their vote on Antofagasta’s offer which, according to the union’s leader Waldo Pérez, doesn’t meet their expectations as the miner only approved three of the workers’ 44 demands and plans to raise salaries by half the amount they requested. […]

China now produces 56% of the world’s steel

Saturday, September 28, 2019 Chinese furnaces now produce 56% of the world’s steel despite pollution-related output cuts mandated by Beijing over the winter months and a slowdown in construction activity. This is due to blast furnaces in the rest of the world being idled, notably in Japan where August saw a 7.8% drop in crude […]

Global copper deficit deepens as Chile, Indonesia production drops

Wednesday, September 25, 2019 Chile’s production dropped 2.5% as heavy rains in the country’s north and lower grades weigh on the country’s outcome, the latest report by the International Copper Study Group (ICSG) shows. Indonesia’s copper concentrate output fell by a staggering 55% owing to the transition of Grasberg into block caving and the Batu […]

Osisko Gold grabs Barkerville, creates North Spirit Discovery

Tuesday, September 24, 2019 The Montreal-based miner said each Barkerville shareholder would receive 0.0357 common share of Osisko for each share of Barkerville held, implying a value of C$0.58/share, based on Osisko’s Sept. 20 closing price on the Toronto Stock Exchange. The deal gives it access to Barkerville’s touted Cariboo gold project in British Columbia, […]

Canadian student discovers new mineral inside a diamond

Monday, September 23, 2019 The mineral is named goldschmidtite in honour of Victor Moritz Goldschmidt, the founder of modern geochemistry. According to Nicole Meyer, the graduate student in the Diamond Exploration Research and Training School that discovered the rock, it has an unusual chemical signature for a mineral from Earth’s mantle. “Goldschmidtite has high concentrations […]

Chile taps China, Japan in lithium-for-tech push; faces tough sell

Wednesday, September 18, 2019 The South American country, the world’s No. 2 lithium producer, has held global road shows ahead of a second lithium-for-investment tender, according to officials and Chilean government documents seen by Reuters. These have attracted dozens of firms in China, Japanese battery makers like Toshiba Corp and Russia’s state nuclear agency Rosatom, […]

NICICO Produced the Highest Number of Copper Cathode in Iran

Sunday, September 15, 2019 According to Mining News Pro – CEO of National Iranian Copper Industries Company (NICICO) announced the production of 110 thousand tons of copper cathode. Ardeshir Sadmohammadi said that the company plans to raise the capacity of Khatoun Abad melting factory. “Fortunately, we produced 110 thousand tons of copper cathode which is […]