Infomine

POSCO to buy lithium mining rights in Argentina from Galaxy

By Cecilia Jamasmie South Korean steelmaker POSCO has inked a deal to acquire lithium mining rights in Argentina from Australia’s Galaxy Resources, in a deal worth $280 million. The deal, said the company, will secure stable lithium supplies for its battery material manufacturing affiliate POSCO ES Materials. Deal gives POSCO a package of mining tenements […]

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Scottish firm to launch UK’s first asteroid mining mission

By Natalie Latuszek Scottish startup firm, Asteroid Mining Corporation (AMC), is ready to take on the mission of launching the UK’s first asteroid mining journey. The company, which unveiled its development plans for the Asteroid Prospecting Satellite One (APS-1) last month, is hoping to raise £2.3million (roughly $3 million) to build such satellite, and it

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Copper price: Ford recall puts EV charging infrastructure in spotlight

By Frik Els Ford has issued a recall for more than 50,000 120-volt so-called “convenience” charging cables sold to customers of its battery-powered and plug-in hybrid vehicles in North America. According to a report in Collision Repair Magazine Ford said using the charging cord in an outlet that is not on a dedicated circuit, is

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Chile’s lithium giant SQM sees prices falling further this year

By Cecilia Jamasmie Chilean lithium miner SQM confirmed Friday it expects realized lithium prices to be lower in the second half of 2018 partly as a result of new supply ramping in Australia and the company’s own predicted increase in sales, even though global demand is forecast to grow more than 20% this year. Delivering

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World’s first autonomous and electric container vessel to launch in early 2020

By Michael Allan McCrae Norway fertilizer company, Yara, commissioned a US$30 million autonomous and electric container vessel, the company announced earlier this month. The Yara Birkeland will be built by VARD, a ship builder. Sensors and software will be the responsibility of the technology company KONGSBERG. The ship is expected to launch in early 2020.

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Botswana Diamonds partner granted exclusive access to concession in Zimbabwe

By Cecilia Jamasmie Shares in Botswana Diamonds (LON:BOD) climbed almost 16% on Thursday after it revealed that Vast Resource (LON:VAST), with which it has signed a memorandum of understanding to develop diamond resources in Zimbabwe, had been awarded exclusive access to a diamond concession in the African nation’s Marange Fields area. Vast Resource is expected

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