Australian Mines Ltd has entered into a six-year agreement to supply South Korea’s LG Energy Solution with key battery metals from its US$1.5 billion Sconi Cobalt-Nickel-Scandium Project in Queensland. LG Energy, a subsidiary of LG Chem, will purchase 71,000 dry metric tons of nickel and 7,000...
The Democratic Republic of Congo (DRC) has reportedly banned the export of copper and cobalt concentrate, just days after Ivanhoe Mines’ large-scale Kamoa-Kakula project commenced production. Data provider Fastmarkets said it confirmed with three companies operating copper and cobalt mines in the DRC, who had each received...
The Democratic Republic of Congo (DRC) has confirmed that operations have begun at Entreprise Générale du Cobalt (EGC) – an enterprise that aims to oversee the purchase and sales of cobalt produced by artisanal miners. The state-run company was created a year ago to help control artisanal...
Anglo Pacific Group’s recent US$205 million deal for a 70% interest in a stream on cobalt production from the Voisey’s Bay mine in Canada has been described as the ‘transformational acquisition’ that the company has been looking for by its CEO Julian Treger. The LSE and...
A succession of multi-billion-dollar earnings calls for some of the biggest names in the mining space this week and soaring metals prices have provided the latest evidence of the onset of a commodities ‘supercycle’. The notion of an imminent long-term boom in commodities prices was popularised...
Investors will flood back into the mining industry as the global economic recovery from the COVID-19 crisis drives demand for ‘green metals’, according to Ivanhoe Mines founder and executive co-chairman Robert Friedland. The renowned mining entrepreneur declared ‘the era of the revenge of the miner’, after...
Glencore CEO Ivan Glasenberg said on Friday that the company is in talks with carmakers and battery makers about potential nickel supply and confirmed that the commodities giant will run down its coal assets and not replace them. Nickel is set to take on greater strategic...
Jervois Mining will buy a nickel and cobalt refinery in Brazil, as the Australian exploration firm looks to transform itself into a producer and refiner of battery metals for the electric vehicle (EV) sector. The US$22.1 million deal will give Jervois access to the São Miguel...
Critical Metals has today listed on the Main Market of the London Stock Exchange after the IPO was delayed by 12 months due to political uncertainty in the UK in 2019 and the COVID-19 pandemic this year. The junior explorer listed in London after an £800,000...
Vale is set to place its Goro nickel and cobalt mine in New Caledonia on care and maintenance after Australian miner New Century Resources failed to submit a binding offer for the operation. After the exclusivity period that the companies entered into in May lapsed on...