Infomine

By Frik Els Believers in the lithium sector’s brilliant future had their faith questioned on Thursday after China’s top miner of the battery raw material bought a stake in Chile’s SQM at a price below market expectations. SQM (NYSE:SQM) trading in New York in the form of ADRs lost as much as 7% of its […]

By Cecilia Jamasmie China’s Tianqi Lithium is buying a 24% stake in Chilean producer SQM from Canada’s Nutrien (TSX:NTR) for $4.07bn, further expanding the Asian nation’s increasing hold over the market for the key component needed in the making of batteries that power electric vehicles. “This is an attractive investment for Tianqi Lithium which fits

By Cecilia Jamasmie Anglo American (LON:AAL) may sell close to 30% of its $5.5-billion Quellaveco project in southern Peru to Japanese companies, including Mitsubishi, which already has a 18% stake in the asset, considered the world’s next major copper mine. The miner, which has already invested over $1 billion in Quellaveco since acquiring the property

By Cecilia Jamasmie Australian law firm Phi Finney McDonald said Wednesday it plans to sue world’s No.1 miner BHP (ASX, NYSE:BHP), arguing the company misled investors over the 2015 collapse of a dam at the Samarco iron ore mine in Brazil, which killed 19 people and became the country’s worst ever environmental disaster. The class

By Frik Els Lead’s recovery from nine month lows continued on Tuesday with benchmark prices on the London Metal Exchange rising 1.5% to $2,380 a tonne ($1.08 a pound). “Lead from a raw materials side is probably the tightest commodity market out there. There has been a big clamp down on Chinese private sector mining.

By Cecilia Jamasmie A 6.16-carat blue diamond that was secretly passed down through European royalty over three centuries has fetched $6.7 million at a Sotheby’s auction in Geneva — $1.4 million more than what experts expected to be sold for. The pear-shaped, dark grey-blue gem, known as The Farnese Blue, is believed to be one

By Cecilia Jamasmie Mountain Province Diamonds (TSX, NASDAQ: MPVD) has appointed outgoing Firestone Diamonds (LON:FDI) boss and former De Beers financial chief, Stuart Brown, as its new president and top executive. Brown led Lesotho-focused Firestone since September 2013 and was the main person in charge of securing the funding and building the team that delivered

By Frik Els On Monday copper for delivery in July fell back in the red on the Comex market in New York at $3.088 per pound or $6,800 a tonne as traders ponder rising trade tensions between the US and China, the globe’s number one metals consumer. The industry is gathering in Hong Kong for

By Cecilia Jamasmie Strongbow Exploration (TSX-V: SBW), a Canadian firm trying to reopen one of England’s most iconic tin mines, announced Monday it planned to list in London’s AIM exchange for growing companies next month. The Vancouver-based junior expects the London listing to help it raise 25 million pounds ($34 million) over the next 18

In an official event that included Canada’s Prime Minister, Justin Trudeau, Québec’s Premier, Philippe Couillard, and Apple’s CEO, Tim Cook, Alcoa (NYSE: AA) and Rio Tinto (ASX, LON:RIO) announced the launching of Elysis, a joint venture company whose goal is to push towards commercial production a newly discovered, carbon-free aluminum smelting process. At the event,