Albemarle aims to expand Chile lithium mine in 2028 with new technology Albemarle currently extracts the metal using mass evaporation ponds from brine taken from underground reservoirs. Reuters | May 11, 2023 | 10:36 am
American Lithium unit gets green light to explore new area in Peru The new exploration will allow the firm to expand its existing resources in the southern Puno region. Reuters | May 11, 2023 | 10:18 am
Newcrest extends Newmont’s exclusivity period to make binding takeover offer A successful bid would see the two companies merge into by far the world’s biggest gold miner. Staff Writer | May 11, 2023 | 9:47 am
Ivanhoe Electric buys private land by copper project in Arizona The company is saying it will buy 6,205 acres of private land by its Santa Cruz copper project near Casa Grande, Arizona. MINING.COM Editor | May 11, 2023 | 9:35 am
Aurubis raises annual profit forecast on strong demand The company has managed energy costs through forward-hedging. Reuters | May 11, 2023 | 9:27 am
Mining People: Workplace Safety North, Spanish Mountain, Artemis Gold, Marimaca Copper Key moves in the mining sector. Staff Writer | May 11, 2023 | 9:04 am
Copper price at six month low on weak China inflation data China’s consumer prices rose at the slowest pace in more than two years in April. MINING.COM Staff Writer | May 11, 2023 | 8:47 am
China’s weak industrial recovery is weighing on coal consumption Key industrial users of the fuel including steel mills and cement plants are demanding more discounts on coal purchases to help cover losses. Bloomberg News | May 11, 2023 | 8:23 am
China’s GEM to build a $500m joint nickel project in Indonesia The project, sited in Indonesia Morowali Industrial Park, will produce 20,000 tonnes per year of nickel. Reuters | May 11, 2023 | 8:18 am