The funds will be used to launch social initiatives that promote enrollment in the Norilsk State Industrial Institute, as well as projects to build new housing for the city and advance infrastructure enhancements and renovations such as the refurbishing of unused factories and abandoned apartment buildings. Industrial waste clean-up is also among the priorities set… Read More

According to market researcher Roskill, it is uncertain by how much costs could go up due to the China-Europe impasse. Yet, the hike is not forecast to reach the levels of 2017/2018 when a major global electrode shortage took place because of a sudden dramatic rise in Chinese demand at the same time as environmental… Read More

Scientists tried to reproduce, in the lab, the processes that resulted in the concentration of more than a trillion dollars worth of metals at the Olympic Dam copper, gold and uranium mine Cerium, in particular, plays an active role during the replacement of magnetite by hematite: it acts as a catalyst that speeds up the… Read More

The data is yet to catch up with the narrative and gold is being punished Bonds are falling and yields are rising because the market foresees inflation. The data is yet to catch up with the narrative and gold is being punished. In short, maybe they are on the wrong end of the deal. If… Read More

Nationally, despite seeing a marginal decrease, Canada’s exploration expenditure remained third in global rankings behind South America and Australia. The latest annual British Columbia Mineral and Coal Exploration Survey finds that exploration spend across the province increased by 28% year-over-year to C$422m — just short of the highs experienced in 2011 and 2013. “Though the… Read More

The pilot is the result of a partnership between TransLink, Teck Resources, Vancouver Coastal Health (VCH), the University of British Columbia (UBC), and the VGH & UBC Hospital Foundation. The initial phase was fully funded by Teck, as part of its Copper & Health program. The second phase will also be supported by Teck. Tests… Read More

MINING.COM MINUTE is a roundup of the biggest stories from the global mining and metals industry. [embedded content] This week’s top stories: Resource nationalism surge spells rough times for miners – Read more Rio Tinto, Mongolia reach new Oyu Tolgoi expansion plan deal – Read more Copper price crashes through $4.00, down 7% – Read more… Read More

The Brazilian miner, the world’s top nickel producer, had been on the hunt for a buyer for over a year, but the sale was complicated by the fact that New Caledonia has been debating getting its independence from France and where nickel is one of their main sources of wealth. The agreement inked on Thursday,… Read More

According to Global Battery Metals, Lithium King has the potential to host a lithium and magnesium brine deposit. Both materials are present on the site as dissolved salts in a large surface brine aquifer, which is believed to be derived from both surface erosion of lithium-rich rhyolites and mineral-rich geothermal brine flows that go into… Read More

The freshly sold find adds to other most famous diamonds unearthed at Cullinan, such as “The Blue Moon of Josephine”. This 29.6 carat blue diamond sold for $48.5 million in 2015, a world record price per carat for any diamond sold at an auction at the time. It achieved $40,701 per carat, which exceeds the… Read More

The carnage spilled over onto equity markets with top copper producers hammered led by the world’s number two diversified miner Rio Tinto with a double-digit loss and copper giant Freeport McMoRan, down more than 9% after 30m shares changed hands in New York.  Source: Koyfin The copper price touched an intra-day high of $4.37 a… Read More

Benchmark’s megafactory tracker points to the extent of the rise in demand reflected in China’s battery production figures, which totalled 12 GWh in January, an increase of nearly 320% compared to the same month last year, when the country was in the first stages of the pandemic. The surge was led by production of LFP… Read More

“Removal of up to one quarter of the ore feed going into the flotation circuit could have significant positive implications for the capital and operating costs of this section of the concentrator and the project overall,” chief executive David Archer said in the statement. Mina do Barroso is expected to become Europe’s first significant producer… Read More

“As prices fall and barriers to storage deployment are eroded, front-of-the-meter (FTM) storage is taking off in the US,” the report reads. “Four out of every five megawatts deployed in Q4 were FTM storage. The segment contributed 529 MW out of the total 651 MW of storage deployed in Q4. California saw the lion’s share… Read More