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

Turquoise Hill had expected the underground expansion to cost $5.3 billion when it was approved in 2015. Last year, however, the world’s second largest miner flagged stability risks associated with the original project design, adding that amendments to it could increase costs by as much as an additional $1.9 billion. The Vancouver-based miner warned at the time of further… Read More

Benchmark’s February market assessment also points out 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. While production of LFP batteries –… Read More

Small-scale gold production is estimated to be between 380 and 450 tonnes per year in more than 70 countries, where a large majority of the miners use mercury as the main process of gold extraction, with over 2000 tonnes/y of mercury lost to the environment. Pollution, deforestation, conflicts with companies, money laundering, tax evasion, reveal… Read More

The most-traded April aluminum contract on the Shanghai Futures Exchange climbed as much as 4.2% to 17,640 yuan ($2,728.62) a tonne, hovering near its highest level since August 2011 of 17,695 yuan a tonne it last hit on Feb. 26. [Click here for interactive aluminum price chart] Investors were jittery ahead of China’s annual meeting of parliament,… Read More

He also regretted the fact that the destruction had “overshadowed” the company’s successes in 2020 – during which it paid a record dividend to investors thanks to booming iron ore prices. Non-executive director Michael L’Estrange, who led the review into Rio’s handling of the incident, will retire in May. The company said he needed to… Read More

The report is titled Electrification and it covers extensive research aimed at understanding the drivers and barriers of mine electrification while identifying the key enabling technologies and collaborations to accelerate its adoption A working group will work on clarifying the supporting infrastructure requirements for all-electric equipment and vehicles while establishing OEM agnostic charging standards According… Read More

Gold prices could remain supported over March-April as inflation will likely pick-up and could rise faster than bond yields sending real bond yields even in more negative territory, market analyst Fitch Solutions predicts in its latest industry report, adding that this will likely push real interest rates lower in the near term, temporarily boosting the… Read More

“A number of mines in Ontario moved to a hot-idle status at the end of March, and the question was how long could we afford them to shut down for, particularly as the commodity markets went from zero to 60 quickly,” Greg Rickford, Minister of Energy, Mines, Northern Development and Indigenous Affairs, Government of Ontario… Read More