Indonesia, Vale agree price for divestment, minister says
Share divestment is a condition required by authorities to extend Vale Indonesia's mining permit, which will otherwise end in 2025.
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Australia lists nickel as ‘critical mineral’ to unlock billions in support
The move opens the way for the crisis-hit industry to access billions of dollars in cheap government loans.
Mining People: Avalon Advanced, Fleet Space, Star Diamond, Bell Copper, Honey Badger, Silver Viper
Key moves in the mining sector.
Peru approves $2 billion Antamina copper mine expansion
Long-awaited permit will extend the life of Peru's largest copper mine, co-owned by Glencore, BHP, Teck and Mitsubishi, from 2028 to 2036.
First Quantum exercises option over two licences as it looks to expand in Zambia
The Canadian miner has not yet earned a stake in African Pioneer Zambia, the company that holds the copper licences.
Copper price bounces as analysts see short covering fueling big gains
Prices climbed as much as 1.5% to trade above $8,300 a ton on the London Metal Exchange on Thursday.
Strong metals and mining M&A activity set to remain over 2024 — report
The industry saw a significant rise in M&A activity across metals and mining companies in 2023 driven by the global energy transition, a theme Fitch Solutions expects to continue.
Guinea talks carbon tax on mines as it seeks $4.3 billion loans
Guinea is among the world’s top producers of bauxite, a raw material used to produce aluminum.
Exxon aims to make key lithium technology decision by year-end
The company last fall announced its long-anticipated plan to filter lithium from the Smackover brine formation that flows under Arkansas.
