AngloGold Ashanti CEO sees inflation pressure easing next year
Alberto Calderon estimated that 40% of the cost increase in the first half of this year was attributable to diesel prices.
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Turquoise Hill flags $200 million cost increase at Oyu Tolgoi
The miner, which had $500 million in cash at the end of June, said the impact of additional delays will be known before the end of September.
EV sales expected to surpass 2021’s figures despite supply chain disruptions – report
IDTechEx expects the electric car market to surpass 2021 sales of ~6.4 million, as sales for the first half of the year have already reached 3.5 million.
Anglo American to appeal El Soldado project rejection
Despite having the backing of the country’s top environmental evaluation authority, the permit for El Soldado Phase V project was declined.
Rio Tinto attracts several proposals to build 4 GW of wind, solar power
The massive build of renewables equals more than a third of the total wind and solar capacity Australia already has.
Albemarle windfall shows lithium’s resilience to recession fears
World's biggest producer reported higher-than-expected second-quarter profit and lifted its annual guidance beyond analyst estimates.
Horizonte Minerals signs $135 million equipment contracts for Brazil nickel project
The Araguaia project will initially produce up to 14,500 tonnes of nickel per year.
Lithium miner ioneer finds workaround for wildflower that’s stalling US project
The Australian company has been unable to get federal permits because public lands near the site are home to the endangered wildflower Tiehm’s buckwheat.
MP Materials profit more than doubles on higher rare earths prices
The company posted Q2 net income of $73.3 million, compared to $27.2 million in the year-ago quarter.