China’s Zijin to buy Nevsun for $1.41bn after Lundin takeover rejected
The Chinese gold and base metals producer will give Nevsun Cdn$6 per share in cash, trumping Lundin’s C$4.75 a share bid launched in July.
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First Cobalt eliminates Iron Creek project royalty
Welcome to Idaho.
Lithium price plunge claims first victim
Namibia's Desert Lion Energy ceases all operations as Chinese lithium prices plummet to three-year lows – down by half since the start of 2018.
Copper price takes another beating
Chinese manufacturing gauge drops to 14-month low.
Tesla’s cobalt-light batteries seen providing cost advantage
Batteries made by the U.S. manufacturer and its Japanese partner, Panasonic Corp., require less cobalt, the metal whose price has shot up.
Alcoa braces for alumina strike vote in Western Australia
A vote by striking workers at Alcoa’s (AA.N) giant west Australian operations will close on Thursday, with the union anticipating a strong “no” vote.
Neo Lithium lining up partner for $490m Argentine venture
The project, which straddles salt flats and lakes across 135 square miles near the Chilean border, is billed as having high concentrations of lithium.
De Beers is selling diamonds for less and the industry isn’t happy
World’s No.1 diamond miner will let buyers refuse some lower-quality stones, just as it gets ready to begin selling synthetic stones.
Construction starts at biggest undeveloped copper deposit in Russia
With total reserves of around 26.7 million tonnes of copper, Udokan is the largest undeveloped copper deposit in Russia and one of the biggest in the world.
