Seabed minerals exploration outfit DeepGreen Metals has revealed plans to go public in a merger with a NYSE-listed special purpose acquisition company (SPAC). The deal with Sustainable Opportunities Acquisition Corp (SOAC) will value the combined entity at US$2.9 billion and include a $330 million infusion from...
Freeport-McMoRan chief executive Richard Adkerson has revealed that the mining giant is set to greenlight expansions at several of its US copper mines against a backdrop of rapidly rising demand for the strategic metal. Phoenix-based Freeport is aiming to capitalise on President Joe Biden’s pledge to...
London-listed Tirupati Graphite has announced the successful completion of trials and tests for the manufacture of battery grade spherical graphite (SPG) for use in lithium-ion batteries. The fully integrated specialist graphite producer and graphene developer achieved >99.95% purification of its Madagascar flake graphite, after working with...
ASX-listed lithium junior Lake Resources has seen its share price surge by another 50% today in the run up to Tesla’s ‘Battery Day’ on Tuesday, an event which will reportedly reveal ground-breaking developments in battery technology. Last week, the company announced that its partner Hazen Research...
Lithium Americas plans to resume construction activities at its Caucharí-Olaroz lithium project in Argentina following an enforced shutdown in March due to measures against the COVID-19 pandemic. The large-scale project, a joint venture with China’s Gangfeng Lithium, was suspended again in early July after two workers...
Anglo American’s US$5.3 billion Quellaveco copper project has been labelled a ‘generational asset’ and ‘a licence to print money’ by the CEO of its Peruvian operations Tom McCulley. Quellaveco is one of the world’s largest undeveloped copper deposits, located in the Moquegua region of Peru. The...
BHP has boosted its nickel reserves by 77% to 1.5 million tonnes this year as the mining giant prepares for increased demand for nickel from the fast-growing electric vehicle (EV) sector. In the last year, BHP has secured a 13,000 km exploration area in Western Australia,...
Chilean miner Antofagasta has confirmed that full funding for the planned expansion of its flagship Los Pelambres copper mine has been secured, after ‘a strong group of lenders’ committed US$1.3 billion to the project. The expansion will add an extra 40,000 tonnes per annum of production...
Chile Constitutional Court has rejected a lawsuit to block Chinese miner Tianqi Lithium’s acquisition of a US$4.1 billion stake in SQM, after the two global lithium heavyweights clashed over the deal. A suspension of the sale was lifted after a majority ruling found that the lawsuit...
Global oil demand will peak in 2023 as electric vehicles (EVs) become competitive with combustion engine cars, according to a new report by energy and maritime services company DNV GL. In its 2018 Energy Transition Outlook, DNV forecast that EVs will account for half of all...