Wealthiest nations offer Indonesia $20 billion to wean off coal
A group led by the US and Japan has offered Indonesia a $20bn package to help it pay for shifting to renewable energy.
Latest Stories
Tesla-backed nickel miner cuts output after waste dam leak
The troubled Goro nickel mine — one of the world’s largest deposits — has been forced to reduce production to address a leak from its tailings dam.
Vale, other large companies leading reforestation program in Brazil
Over the next 20 years, the new enterprise will restore and protect 4 million ha of native forests in some of Brazil’s most valuable ecosystems.
FPX Nickel delivers better resource grade for Baptiste project
The Baptiste pit-constrained resource estimate includes 1.82 billion tonnes of indicated resources grading 0.211% total nickel.
Panama sets December 14 deadline for First Quantum to ink mine contract
Authorities outlined the path forward for the execution of a contract that will allow First Quantum to keep running Cobre Panama.
No surge of Russian metal into LME warehouses, says exchange
The exchange released new data showing there was no major change in the amounts of Russian metal in LME warehouses last month.
Copper price retreats after hitting 5-month high
A firmer dollar, higher inventories and profit-taking pushed copper prices lower later in the day.
Indonesia to set up $2bn EV fund with China’s CATL, CMB International
Indonesia is keen to develop its own EV and battery industries at home, after banning exports of nickel ore to ensure supply for investors since 2020.
Aris Mining updates PFS for Marmato expansion project in Colombia
The after-tax NPV of the Marmato expansion project comes to $341 million (at a 5% discount rate), with an IRR of nearly 30%.