China Crackdowns on Bitcoin Mining
According to Gerry Shih of the Washington Post, on May 21, economic officials in Beijing vowed to “crack down on bitcoin mining and trading.” This...
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Russian Miner Sets Up Physical Fund for Copper and Nickel
Bloomberg reports that Russian metals company MMC Norilsk Nickel is financing an offering of exchange-traded commodities, nickel and copper.
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Peruvian Presidential Election Weighs Heavy on Local Mining Taxation
Ganfeng Lithium (US: GNENF, SHE: 002460, HKG: 1772), one of the world’s top lithium producers, said on June 11, it would sell around USD$630 million...
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Volkswagen's One Umbrella Battery Strategy
Volkswagen's Chief Technology Officer Thomas Schmall in an interview highlighted its battery ambitions with an investment in US-based QuantumScape.
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Mining News Roundup, May 26 2021
An order sent to miners in the Democratic Republic of Congo on May 26 banned the export of copper and cobalt concentrate.
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Mining News Roundup, May 19 2021
In an analyst note sent to investors on Tuesday, May 18, JPMorgan hinted that institutional investors are going back to gold, as the price of Bitcoin...
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Codelco Spending $40B to Revamp Ageing Copper Operations
Chile’s state miner Codelco is in the midst of a 10-year, $40-billion initiative to upgrade its wide network of aging operations, which suffer rom...
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High Metal Prices Could Hinder Energy Transition: IEA
Increasing metals prices puts profits in miners' pockets, but they risk slowing the energy transition to renewables.
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Fortuna Silver Buys US$884M for Roxgold, West Africa
Fortuna Silver Mines (TSX: FVI, NYSE: FSM) and Roxgold (TSX: ROXG, US-OTC: ROGFF) have agreed to a "business combination" in which Fortuna will spend...
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$4 Billion-Merger Makes Mega Lithium Miner
Orocobre (ASX:ORE, TSX:ORL) and Galaxy Resources (ASX:GXY) entered into a merger agreement where Orocobre will acquire Galaxy.
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Peruvian Election Puts Miners in Crosshairs
The first-round winner of Peru’s presidential election, Pedro Castillo wants to renegotiate mining contracts rather than seize assets, said an...
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RioTinto Strikes Lithium Pay Dirt in California
Rio Tinto (ASX: LON, NYSE: RIO) has started lithium production from waste rock at a test plant located at a borates mine in California.
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BMW Inks $335-Million Lithium Deal
Automaker BMW has officially signed a Eur285 million ($334.4 million) deal with US-based Livent for the supply of lithium directly to BMW's battery...
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Lundin Mining Looking for Discovery Near Fruta Del Norte, Ecuador
Lundin Gold (TSX: LUG) has begun a 9,000-metre exploration drill program.
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“Golden Age of Discovery”: BHP to Open Exploration Office in Toronto, Canada
At the 2021 PDAC conference, keynote speaker Laura Tyler, Chief Technical Officer for BHP, noted that she sees the mineral exploration industry...