Brazilian miner Vale, the world’s top nickel producer, will write down its New Caledonia mine and incur a non-cash impairment charge of about $1.6-billion in the fourth quarter, the company said on Tuesday in a securities filing.
Vale said its annual …
Vale sees $1.6bn impairment charge in New Caledonia write-down Read More »
Ecuador’s government plans to tighten rules regulating the construction and operation of mining waste dams to avoid disasters like one in Brazil in January when a dam owned by Vale collapsed, killing hundreds.
Vice Minister of Mining Fernando Benalcaz…
Ecuador to tighten rules for mining waste dams to avoid repeat of Brazil disaster Read More »
Glencore’s Mutanda mine in Democratic Republic of Congo has suspended operations prematurely due to difficulties procuring sulphuric acid, a key input for copper and cobalt extraction, its Mutanda Mining subsidiary told employees in a letter on Monday….
Glencore’s Mutanda mine in Congo shuts down a month early Read More »
Australia’s Lynas Corporation expects to make an announcement on how it will fund development of a new heavy rare earths processing facility in the United States by the end of February, its chief executive said on Tuesday.
The United States has sough…
Lynas expects funding news for US rare earths plant by end Feb Read More »
Vedanta, one of South Africa’s biggest international investors, will process its zinc ore elsewhere unless the country can fix its power problems, the CEO of Vedanta unit Vedanta Zinc International said. South Africa has suffered rolling blackouts and …
Vedanta warns it may have to process ore outside South Africa Read More »
Ethiopia will prioritise potash and construction minerals in a push to attract investment from large-scale miners, according to a draft policy document reviewed by Reuters ahead of an expected government announcement on Monday. Ethiopia is looking to w…
Potash a key focus for Ethiopia’s mining push – draft document Read More »
Ethiopia vowed on Monday to remove barriers to investment in its mining sector, focusing efforts on minerals used in agriculture and construction which will help drive its industrialisation. Ethiopia, which has a mostly artisanal mining industry, wants…
Ethiopia vows to remove barriers to investment in mining Read More »
Spent fuel storage at South Africa’s Koeberg nuclear plant will reach full capacity by April as state power utility Eskom awaits regulatory approval for new dry storage casks, the company said on Monday. Storage of high-level radioactive waste is a maj…
Waste storage at Africa’s only nuclear plant brimming Read More »
Private equity groups and other investors have grown emboldened by the lithium industry’s malaise, forging plans to invest billions of dollars in mining projects to develop the electric vehicle battery metal.
A more than 50% drop in lithium prices sin…
As lithium prices drop, private equity investors hunt for deals Read More »
Indonesia’s state mining holding company Mining Industry Indonesia has secured loans from two Japanese banks and a state bank to finance a stake acquisition from PT Vale Indonesia, a director said on Monday.
The state company has agreed to acquire a 2…
Indonesia state miner secures loans for Vale Indonesia stake deal Read More »
