RANKED: World’s top 10 copper mining projects – 2022
Copper, often called the bellwether metal as a barometer of global economic health, is a metal vital to the green energy transition. Demand has been growing for the red metal,…
Glencore
Glencore earmarks US$1.5B for probes amid record profit
Mining and commodities trader Glencore (LSE: GLEN) will set aside US$1.5 billion to cover a series of probes into bribery and market manipulation, which it expects to resolve before year-end….
Britishvolt secures US$54M from Glencore for UK gigafactory
Electric vehicle (EV) battery start-up Britishvolt, which has the ambitious plan to build a recycling gigafactory in the U.K., has secured a £40 million (US$54 million) cornerstone investment from partner…
Gates, Bezos-backed firm gets cash injection to find battery metals
KoBold Metals, a start-up backed by a coalition of billionaires including Bill Gates and Jeff Bezos, has raised $192.5 million in its latest financing round, which will allow it to speed…
Anglo American switches on new met coal mine in Australia
Anglo American (LSE: AAL), which divested its thermal coal mines last year after pressure from investors, has achieved the first longwall shear at its Aquila metallurgical coal mine near Central…
Peru copper output up almost 7% despite social unrest
Copper output in Peru, the world’s second-largest producer after Chile, increased almost 7% to 2.3 million tonnes in 2021 despite several protests that paralyzed some of the country’s key operations. …
Glencore, Britishvolt to jointly build battery recycling plant
Miner and commodities trader Glencore (LSE: GLEN) has tied up with electric vehicle (EV) battery start-up Britishvolt to build a new plant to recycle lithium-ion batteries in the United Kingdom….
Electra signs recycling, cobalt supply deal with Marubeni
Electra Battery Materials (TSXV: ELBM; US-OTC: ELBMF) has signed a battery recycling and cobalt sulphate supply agreement with Japanese conglomerate Marubeni. The two have signed a memorandum of understanding that…
MMG shuts down Las Bambas copper mine as talks fail
Chinese miner MMG (HKG: 1208) is ending copper production from its Las Bambas mine in Peru on December 18 after talks with locals to end a 27-day road blockade, the latest…
Falco raises $17M for Horne 5 engineering, studies
Falco Resources (TSXV: FPC) has completed the last tranche of its $17.3 million private placement to continue engineering, technical and environmental studies related to its 100%-owned Horne 5 gold-copper-zinc project….
Stronger metal prices lift NPV of Copper Mountain’s Eva project in Australia to US$622M
Copper Mountain Mining (TSX: CMMC; ASX: C6C) has updated the economics for its Eva copper project, finding healthier economics thanks to higher metals prices, but also a higher capital commitment….
Horizonte fully funds construction of Araguaia nickel mine
Horizonte Minerals (TSX: HZM; AIM: HZM) has raised US$197 million (£147.4 million) in an overnight share placement that forms part of an equity and debt finance package of US$633 million…