Canada’s support for EV battery plants to cost 16% more than announced, watchdog finds The total cost of government support for three projects is estimated to be C$43.6 billion over ten years. Reuters | November 20, 2023 | 8:26 am
Rio Tinto to pay $28 million fine to settle US SEC fraud case The defendants had been accused of deceiving investors about the value of Rio Tinto Coal Mozambique. Reuters | November 20, 2023 | 8:19 am
BHP train drivers to start ‘restrained’ industrial action on Friday Worries about a strike had lent support to iron ore prices, which are trading at the highest levels since February. Reuters | November 20, 2023 | 8:10 am
Kremlin, facing diamond ban, says EU sanctions have ‘boomerang effect’ EU diplomatic sources said last week the proposal under discussion was to ban direct diamond imports from Russia from Jan. 1. Reuters | November 20, 2023 | 8:04 am
Union set to strike at Peru’s Las Bambas copper mine next week The workers union said the strike would last 48 hours with the union demanding a better distribution of profits for workers. Reuters | November 20, 2023 | 7:57 am
Mining billionaire Forrest acquires ‘iconic’ hat company Akubra “We’re proud to be able to ensure the growth of Australian manufacturing, both protecting and creating new jobs,” said Andrew Forrest. Reuters | November 19, 2023 | 9:34 am
Antofagasta agrees lower 2024 copper charges with Chinese smelter Antofagasta agreed to treatment and refining charges of $80 a tonne and 8 cents per pound with Chinese smelter Jinchuan Group. Reuters | November 18, 2023 | 12:31 pm
Panama port blockade keeps supplies from First Quantum mine, company says The union for Minera Panama said it reached agreements with the company to ensure worker pay as protests kept workers from reaching their jobs. Reuters | November 17, 2023 | 3:13 pm
Vale Canada, Sumitomo sign initial deal to sell 14% stake in Indonesian nickel miner Share divestment is a condition required by Indonesia to extend Vale Indonesia's mining permit. Reuters | November 17, 2023 | 11:04 am
Western lithium, graphite miners boost prices for ESG-friendly supply The surcharges mirror a plan from the rare earths industry as Beijing exerts control of the critical minerals market. Reuters | November 17, 2023 | 9:40 am
Swiss-based ARCORE finds rich lithium deposit in Bosnia The company said it has a strategic partnership with Canadian-German company Rock Tech Lithium. Reuters | November 17, 2023 | 9:15 am
Trafigura and Korea Zinc agree to build nickel refinery in South Korea The amount of nickel to be supplied by Trafigura will range from about 20,000-40,000 metric tons per annum. Reuters | November 17, 2023 | 8:57 am
