On July 1, 2020, Essential Metals Limited (ASX: ESN) announced that it had rejected the takeover bid from China’s Tianqi Lithium Corporation and its Australian partner IGO Limited. The offer had been made in June and was valued at A$1.67 billion. Essential Metals is a specialty metals company that is focused on the exploration and…
Mosaic Co., one of the world’s largest producers of potash fertilizer, has announced plans to reduce production at its Colonsay potash mine in Saskatchewan, Canada. The move is part of a broader strategy to reduce costs and streamline the company’s operations in the face of a challenging market environment. The Colonsay mine is one of…
On April 6, 2021, the government of Colombia issued an order to Anglo American, a multinational mining company, to clean up a toxic coal spill in the Santurban region of the country. The spill had occurred in late March, when a coal slurry, a byproduct of coal mining, had leaked from a storage tank and…
Anglo Asian Mining, the London listed gold, copper and silver producer, reported a return to profitability in the first half of 2018, driven by a doubling of copper production. The company, which operates in Azerbaijan, said its copper output rose to 1,721 tonnes in the six months to June 30, up from 843 tonnes a…
The aluminum market has been on edge in recent weeks due to uncertainty around Russia’s supply of the metal. Russia is the world’s second-largest producer of aluminum and the third-largest exporter, and any disruption in its supply could cause a significant ripple effect in the global market. The source of the concern is the potential…
The mining industry is an essential part of the global economy, providing the raw materials needed to produce the goods and services that drive the world. As such, it is no surprise that miners in Europe are now turning to electric vehicles to help reduce their environmental impact and improve their efficiency. In a recent…
South African stocks rose on Friday as demand for safe-haven investments increased amid rising worries about global economic growth. Gold mining companies and other gold-related stocks were the biggest beneficiaries as gold prices gained amid increased risk-off sentiment. Investment holding companies were also among the top gainers, with investors seeking refuge in these companies’ assets,…
Zimbabwe has accused the United States of lying about the use of forced labour in its diamond-mining industry. The US State Department recently released its annual Trafficking in Persons Report, which found that Zimbabwe was using forced labour in its diamond-mining sector. The report said that the country had failed to take adequate steps to…
South African miner Sibanye-Stillwater has extended its reach into Australia with the acquisition of a 19.9% stake in Australian zinc miner, Votorantim Metais Zincar SA. The acquisition was made through a subsidiary, Sibanye-Stillwater Australia, and is part of the company’s strategy to diversify its portfolio and expand its presence in the global zinc market. Votorantim…
Japan is set to subsidize half the costs of lithium and other critical minerals projects, according to a report by Reuters. The Japanese government has reportedly been in talks with the private sector to secure supplies of lithium, cobalt, and other metals used in electric vehicle batteries. The government is said to be offering subsidies…