Indonesia curbing nickel supply to support locals, Eramet says
The French miner was this year given a sales quota by the Asian nation that was 29% less than it expected.
Vale (NYSE:VALE) has teamed up with the University of São Paulo to identify bacteria and fungi capable of eating copper in a move which could generate an additional $1.4 billion in gross revenue for the Brazilian mining giant.
According to Worldcrunch a team of USP researchers are currently working at a tailings dam near Sossego mine in northern Brazil to identify the most ravenous copper-eating bacteria and fungi for use in the metal recovery process.
If successful the new technology could radically increase the copper recovery rate for mining processes and generate a huge windfall for copper producers.
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