COP27: We’re on a highway to climate hell, UN boss says "Humanity has a choice: cooperate or perish,” United Nations Secretary-General Antonio Guterres told delegates gathered in Egypt. Reuters | November 7, 2022 | 7:51 am
Russia’s Sberbank sues Glencore for $116m over oil supplies Russia's largest lender is seeking to recover debt and penalties from Glencore Energy UK Ltd over two agreements. Reuters | November 7, 2022 | 7:41 am
Turquoise Hill further delays shareholder meet on $3.3 billion Rio Tinto buyout The meeting to approve Rio Tinto acquiring 49% of shares of Turquoise Hill has now been pushed back to Nov. 15. Reuters | November 7, 2022 | 7:26 am
China’s Fosun to raise $561m from mining sale stake as part of asset selldown Fosun had owned about 22.85% of Zhaojin Mining's shares and will retain a 2.85% stake in the Hong Kong listed company. Reuters | November 6, 2022 | 5:02 pm
China opposes Canada’s order on lithium mining investments China's commerce ministry urged Canada to stop politicizing economic and trade issues. Reuters | November 6, 2022 | 9:13 am
Two South Korean miners rescued from collapsed mine after nine days Local fire authorities said the two miners walked out of the underground mine that had collapsed after a landslide on Oct. 26. Reuters | November 4, 2022 | 4:12 pm
Musk says Tesla has never contemplated investing in Glencore The Financial Times recently reported that Tesla had held talks on taking a 10-20% stake in Glencore, but the discussions ended with no deal reached. Reuters | November 4, 2022 | 9:49 am
Saudi Arabia considers new mining index in diversification push The Saudi government believes it has unused mineral resources worth about $1.3 trillion, with vast quantities of aluminum, phosphate, gold, copper and uranium. Reuters | November 4, 2022 | 8:33 am
Global copper smelting falls in October, satellite data shows In nickel, global smelting activity fell in October, largely due to weakness in nickel pig iron output in China. Reuters | November 4, 2022 | 7:54 am
Column: Canada slams the door on China in critical minerals race The Canadian government ordered Chinese companies to divest their holdings in junior mining companies planning to develop lithium deposits. Reuters | November 4, 2022 | 7:46 am
Livent looks to Canada for lithium growth opportunities – CEO Livent counts General Motors, BMW and Tesla as key customers. Reuters | November 3, 2022 | 4:32 pm
Canada to set up tax credits for clean tech, launch growth fund Canada on Thursday proposed a 2% tax on corporate stock buybacks, similar to a measure in the IRA. Reuters | November 3, 2022 | 3:10 pm