Asia

DeepGreen closer to mining battery metals from the sea after $150m injection

The Canadian start-up has secured the bulk of the $150 million it needs to carry out its first feasibility studies on how to scoop up small metallic rocks containing cobalt, nickel and manganese from the seabed.

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FLASHBACK: Largest known rare earth deposit discovered in North Korea

The 216 million tonne Jongju deposit 150km north of Pyongjang, theoretically worth trillions of dollars, would more than double the current global known resource of REE oxides.

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BHP more bullish on long-term EVs prospects

The world’s largest miner has revised up expectations for electric vehicle sales and market penetration, but warns the electrification of the transport sector will proceed only as fast as the development of charging infrastructure.

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Lynas to move upstream processing of rare earths from Malaysia to Australia

The Australian miner, the world’s only major producer of rare earths outside China, said the A$500 million-plan ($346 million) aims to boost production, appease Malaysian regulators and fend off takeover attempts.

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Turquoise Hill’s role in Oyu Tolgoi-related decisions may change this week

SailingStone Capital, the second largest shareholder in Rio Tinto- controlled Turquoise Hill is expected to vote against the re-election of the Canadian miner’s board members this week.

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World’s largest hard rock lithium mine to get bigger

Talison Lithium, a partnership between China’s Tianqi and U.S. group Albemarle, obtained an environmental approval for the A$516-million ($361m) expansion of Greenbushes mine, in Western Australia.

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Rio Tinto speeds up exploration at Winu copper find in W. Australia

The Winu copper-gold-silver discovery, a potential major boost for the company’s growth options, is about 130 km. from Newcrest’s Telfer copper-gold mine in the East Pilbara.

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