April 28, 2022

Vedanta doles out $1.5 billion dividend in relief for parent

Separately, Vedanta Resources announced a tender offer to buy back as much as $500 million of its dollar notes due in July.

April 28, 2022

Vale Indonesia, Huayou sign deal to build Pomalaa nickel plant

They will develop a facility known for a process called high-pressure acid leaching (HPAL), with a potential mixed hydroxide precipitate production capacity of 120,000 tonnes of nickel content per year.

April 28, 2022

Glencore hails trading unit outlook, cuts copper guidance

It said earnings from its marketing unit will “comfortably” top the highest end of its guidance range of $2.2 billion to $3.2 billion.

April 25, 2022

Rosatom, Nornickel to develop lithium project in Russia

The two Russian companies plan to develop the Kolmozerskoye lithium deposit in the country’s northwestern Murmansk region.

April 25, 2022

Fewer rare earths needed for permanent magnets

Korean researchers developed rare-earth-saving permanent magnets.

April 25, 2022

Sumitomo abandons Pomalaa nickel project in Indonesia

The Japanese miner cited a disagreement with its partner PT Vale Indonesia as main reason for the move.

April 24, 2022

New copper-nickel ink for printed electronics resists oxidation

Japanese researchers have partnered with Sumitomo Metal Mining to dig deep into the development of a cheaper, more stable ink that may help popularize printed electronics.

April 23, 2022

Indian aluminium producer NALCO faces coal scarcity due to train shortage

Coal supplies are being diverted to priority electricity generation.

April 22, 2022

The diamond world is scrambling to keep buying Russian gems

The disruptions around Russian diamonds are being felt through the global industry, which was already facing a shortage of rough stones even before the war in Ukraine.

April 22, 2022

Indonesia raises coal royalty rate to range of 14% to 28%

The new royalty rate takes effect immediately for special mining permits issued prior to 2022