MINING.COM

China has links to dozens of Canadian miners tied to critical minerals

Chinese firms have been involved in 89 announced acquisitions and investments in Canadian metals and mining companies in the past decade, according to Bloomberg data.

Bloomberg News | November 11, 2022 | 9:53 am

Ford, GM in talks with Posco Chemical on battery metal hubs

GM is investing $35 billion to make its lineup fully electric by 2035, while Ford is plowing $50 billion.

Bloomberg News | November 11, 2022 | 9:44 am

Hindalco profit sinks on high costs, plans to raise $124 million

Hindalco’s costs surged 24% during the quarter, with power expenses almost doubling.

Bloomberg News | November 11, 2022 | 9:37 am

Rio Tinto’s long-awaited deal comeback is stuck in limbo

Rio has struggled to win investor support for the Turquoise Hill deal, forcing it to offer unusual terms to the most stubborn holdouts which appeared to be enough to close the deal.

Bloomberg News | November 11, 2022 | 9:29 am

Indian miners seek higher import tax on aluminum, zinc, copper products

The government should raise import taxes to 10%-15% on several aluminum products, including scrap to 10% from 2.5%.

Reuters | November 11, 2022 | 9:20 am

Vedanta says state revenue share would make Barmer oil asset unviable

The government has said it is entitled to increase its revenue share from the block by 10%, having recently extended the contract for the Barmer asset by 10 years.

Reuters | November 11, 2022 | 9:14 am

Mining People: FPX Nickel, Pan Global, SolGold, Fission 3, Inventus, Wolverine Resources

Key moves in the mining sector.

Staff Writer | November 11, 2022 | 6:38 am

Australia extends $165 million in loans to local lithium miner

The 10-year debt facility will go toward expanding mining and processing at the Pilgangoora project.

Reuters | November 10, 2022 | 8:21 pm

France puts future of deep sea mining in doubt

A growing number of member states of the ISA have called for a “precautionary pause” or moratorium on mining due to the lack of scientific data on fragile and biodiverse deep ocean ecosystems targeted for exploitation.

Bloomberg News | November 10, 2022 | 3:42 pm

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