Massive Reko Diq Project Gets All Clear, Barrick Starts Updating Plans
TORONTO – Barrick Gold Corporation has said that it had completed the reconstitution of the Reko Diq Project, having received a favorable opinion
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Asia
Rio Tinto completes acquisition of Turquoise Hill
LONDON Rio Tinto has completed its acquisition of Turquoise Hill Resources for a consideration of approximately $3.1 billion, simplifying its
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Korea’s Posco plans $28bn Australia green H2 investment
South Korean steel producer Posco intends to produce green hydrogen in Australia from renewables such as solar and wind power,
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EGA reaches 40 million tonnes of aluminium milestone
United Arab Emirates – Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas,
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Aluminium recycling plant expands sustainable, low-C aluminium production
ATLANTA – Novelis Inc., a leading sustainable aluminum solutions provider and the world leader in aluminum rolling and recycling, broke
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Dalmia Bharat partners with Shinagawa Refractories
INDIA – Dalmia Bharat Refractories and Japan-based Shinagawa Refractories have launched a refractories partnership to serve India and other markets.
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Imerys opens calcium aluminate binder plant
INDIA – Imerys has inaugurated a 30,000t/yr calcium aluminate binder plant at Atchatapuram in Andhra Pradesh. The Hindu newspaper has
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Barrick and Pakistan review progress on Reko Diq copper-gold Project
Quetta, Balochistan – Barrick Gold Corporation president and chief executive Mark Bristow says the process of completing the final agreements
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SMS group secures prestigious cold mill order from Hindalco
SMS group announced today that Hindalco, one of the world’s largest aluminium companies, has placed an order for the supply
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Rio Tinto and Shougang Group to explore steel decarbonisation solutions
MELBOURNE, Australia – Rio Tinto and Shougang Group, one of the world’s top 10 steel producers, have signed a Memorandum
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Glencore enters alumina supply and aluminium offtake agreements
Glencore has announced that it entered into a 10-year alumina supply and aluminium offtake agreements with Press Metal Bintulu Sdn.
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Platinum Group Metals Centre launched in China
Shanghai’s Lin-Gang Special Area is the location for a new trade and technology centre dedicated to the growth of the
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Toyota to invest $5.6 billion in Japan and US battery production
Toyota is stepping up its game in terms of battery-electric vehicles (BEVs) to significantly increase the volume in the coming
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China’s imports of refined tin halved in June
In September 2021, prices on SHFE overtook the LME to open an import arbitrage, encouraging metal into China. With the global supply
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Tax change to challenge Myanmar miners
The Wa State government has raised export tariffs on mineral products – including tin – as it attempts to navigate
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China to reduce carbon intensity in metal smelting
China has pledged to reduce carbon intensity by 60-65% compared to 2005 figures by 2030, and be carbon neutral by
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TIN: Indonesian investment plan requires clarity
Indonesia is increasingly looking to leverage its natural resources to help grow its economy. Dr Robert Leonard Marbun, senior adviser
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Indonesian government to review export licenses
Further disturbances to Indonesian exports are expected this year as the Indonesian government is set to review export licenses in
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TIN: Myanmar exports drop on major port closure
Chinese imports of tin ores and concentrates from neighbouring Myanmar dropped considerably in April as the closure of a major
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Acquisition of G Steel and G J Steel, integrated steel mills in Thailand
Nippon Steel Corp. will acquire shares in G Steel and GJ Steel to make them subsidiaries. G Steel and G
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High China tin price sees import surge
The latest customs data from China indicates that the country imported significant quantities of tin during March, likely because of
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Yunnan Hualian tin mine ceases operations on COVID risk
Yunnan Tin Co., the world’s largest tin producer, has been forced to temporarily cease operations at one of its mines.
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True partnership will deliver Reko Diq Project
TORONTO – The groundbreaking partnership agreement between Barrick, the federal government of Pakistan and the provincial government of Balochistan should
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JSW Steel’s crude steel production grows 38% FY2022
For the full year ended March 31, 2022, JSW Steel’s crude steel production stood at 21.47 million tonnes on consolidated
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EGA completes historic first UAE industrial technology export project
United Arab Emirates – Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, today
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EGA to deepen aluminium technology cooperation with Alba
UNITED ARAB EMIRATES – Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, and
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China’s tin concentrate imports spike as backlog clears
According to Market Analyst, James Willoughby, tin prices have continued to diverge between the LME and SHFE in recent weeks.
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Gold producer suspends gold bar production due to mercury buildup
Centerra Gold today reported that it has temporarily suspended gold doré bar production at the Öksüt mine in Turkey due
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Barrick and Balochistan Agree in Principle to Restart Reko Diq Project
Islamabad – Barrick Gold Corporation and the governments of Pakistan and Balochistan have reached agreement on a framework that provides
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Battery metals output in China on the lower side in February
China’s lithium carbonate output was 18,609 mt in February, a month-on-month decrease of 2% but a year-on-year increase of 51%.
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