Deep-South stock soars as it gets Namibia copper licence reinstated
The Haib copper deposit has an after-tax NPV (at a 7.5% discount rate) of $957 million and IRR of 29.7%.
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Fortescue expands battery and electric powertrain output in UK with new plant
The Banbury facility will open in 2024.
Amman Mineral raises $715 million in Jakarta’s top 2023 IPO, sources say
The IPO is the largest in Asia this year outside mainland China.
Namibia seeks to tap resource potential after lithium ore ban
The southern African nation last week banned exports of unprocessed lithium and other critical minerals.
Lake Resources delays lithium carbonate output to 2027, hikes costs
The developer hiked spending estimates from $1.1 billion to $1.5 billion.
Costs at American Lithium’s Peru project up to $700m, CEO says
Construction could begin by late 2024 or late 2025.
California city to power garbage trucks with organic waste
Roseville will start powering its garbage trucks with renewable natural gas derived from organic waste.
Albemarle to buy Lithium Power’s Australian unit
Lithium Power has scrapped the planned demerger of its Australian assets in favour of the $21 million sale to the US giant.
Rio Tinto autonomous iron ore train derailed
The miner said a probe had been launched after one of its autonomous trains derailed on Saturday evening, leaving no injured.